Bitcoin falls more than $ 1,000 in less than 48 hours

The cryptomonad fell to $ 6.8 thousand on the Bitstamp exchange, with headquarters in Luxembourg

The bitcoin fell below $ 7,000 on Friday, dropping more than 5%. As a result, the virtual currency reported a loss of more than $ 1,000 since reaching a reOn Wednesday, the virtual currency hit $ 7,888 after a software update scheduled for next week, which could split the criptomoeda in two, be suspended.

Despite losing almost 7% per cent this week, bitcoin has already risen more than 600%.

Bitcoin is the most famous virtual currency right now. This criptomoeda was created by a group of programmers to facilitate transactions of real world in the internet. Despite the very high risk of investing in bitcoins, the quest for virtual currency has grown so much that its price has skyrocketed, attracting the attention of those interested in making money quickly.

Although the numbers fill their eyes at first glance, analysts warn that you need to be cold-blooded and willing to risk to apply in crypto-coins. "This investment does not work for people with a more conservative profile," said Guto Schiavon, director of operations at broker Foxbit.

One of the problems is that there is neither a regulation for the currency nor a guarantee fund for possible losses of investors. The value swings are abrupt and easily reach the double-digit house. In September, the tweet of a Chinese brokerage saying it would no longer do business with the currency pushed the price down 13% in a single day.cord high on W

Wednesday.

The cryptomonad fell to $ 6.8 thousand on the Bitstamp exchange, based in Luxembourg.