Is Bitcoin getting stronger? Value stabilizes even after all the recent menaces to digital coin

Last updated on July 25th, 2016 at 07:15 pm

The past month hasn’t been easy to Bitcoin. First, it was DHS blocking. Then, Dwolla accounts linked to Mt. Gox were seized. And, this week, the exchange platform Liberty Reserve was shut down by the feds because it was allegedly working as a money laundering scheme. But, this is not the most important. The essential point is that, through all this, Bitcoin managed to stabilize its value.

Past experiences had shown to us that digital currency value was extremely volatile and could change dramatically in a matter of minutes. However, in the past few weeks, Bitcoin got stronger than ever, by showing that not even major happenings like Liberty Reserve’s debacle can mess with the power of our beloved cryptocurrency.

These last days were a proof of how Bitcoin is evolving, with lots of journalists, experts and users writing and talking about a new period of maturity. So, here at 99Bitcoins, we also think it’s safe to say that cryptocurrency is getting stronger, mainly because the newcomers managed to maintain their confidence in digital coin.

There are even some graphs we can show you. According to these documents, the price of Bitcoin across exchanges has been climbing steadily on the past two weeks, regardless of the bad news. Mt. Gox features in these graphs, since it’s still the biggest exchange platform in the field.




So, it appears that this article and the previous one we published today (this one here) kind of complement each other. Martti Malmi says it’s impossible to shut Bitcoin down for good and that safety really seems to be the affecting the path of digital currency.

We’re not saying that governments and authorities must close their eyes to crimes like the ones that we’re apparently going on at Liberty Reserve just for Bitcoin’s sake, of course not. But it’s good to know that, no matter what, Bitcoin price is not fluctuating like a tiny ship in a big storm.


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