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How much is bitcoin in 2018?

The existence of bitcoin as a virtual currency has attracted a lot of people's attention. In 2017, people who hold bitcoin are crazy. However, if it is not released at the beginning of 2018, it will be a big loss. Now the price of bitcoin has fallen below $8000, and the future market is worrying. So do you think bitcoin will collapse in the future?

Bitcoin's latest price, according to coindesk's offer, traded at nearly $8000 on Thursday, earlier hitting a February 8 low of $7676.52.

Bitcoin rose to a high of about $19500 in December, but has lost more than half of its value since then. Are you optimistic about this market?

Before analyzing bitcoin market, let's understand the meaning of bitcoin mining.

Bitcoin is created through an energy intensive 'mining' process. Every other point in time, the bitcoin system will generate a random code on the system node. All computers in the Internet can find this code. Whoever finds this code will generate a block, and then get a bitcoin. This process is' mining '.

Will bitcoin crash?

However, it takes a lot of GPU to calculate the random code, so the miners purchase a large number of video cards to obtain bitcoin profits more quickly. But if the cost of creating bitcoin exceeds the return, miners will theoretically lose momentum. If the price of bitcoin is plummeting, or the cost of creating bitcoin exceeds the return, miners will lose motivation.

Then, if bitcoin prices continue to fall and the market is not optimistic, 'miners' will give up bitcoin. Of course, it's uncertain whether bitcoin's market will pull back. If I ask you, do you think bitcoin prices will fall in the future