The Bitcoin Inspector

All about bitcoin

  • Home
  • Archives
  • About

16 Jan 2016

Bitcoin drops below $400 as key advocate ‘ragequits

Bitcoin drops below $400 as key advocate 'ragequitsThe price of Bitcoin has taken a nosedive, dropping in value more than 16 percent in one day, according to the Coindesk Bitcoin Price Index. At its lowest Saturday, one bitcoin was worth $355.72. The fall below $400 marks a difficult beginning to 2016 for the cryptocurrency, which earlier this week saw longtime advocate Mike Hearn withdraw his support.Hearn, a former Google employee and Bitcoin developer, said in a blog post that the Bitcoin “experiment” had failed. He cited capacity problems with the Bitcoin network, “rampant censorship” by some users, as well as “wildly unpredictable fees” in a list detailing why the cryptocurrency’s future looks uncertain. “The fundamentals are broken and whatever happens to the price in the short term, the long term trend should prob

Related Posts:

  • img_112781_create-account-amp-make-400-immediately-proof-make-money-online.jpg
    Create Account & Make $400 Immediately | proof |…
  • img_110309_bitcoin-will-rise-to-400-000-per-coin-by-this-date.jpg
    “Bitcoin Will Rise to $400,000 Per Coin by THIS Date”
  • img_106127_bitcoin-marks-the-beginning-of-the-end-for-traditional-finance-bitcoin-bitcoinnews-btc.jpg
    BITCOIN MARKS THE BEGINNING OF THE END FOR…

Filed Under: News

Learn how to make money with bitcoin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Copyright © 2025 · BitcoinInspector.com ·