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Homepage > News > Bitcoin endured a significant fall. The reasons for such a price

Bitcoin endured a significant fall. The reasons for such a price

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The idea of virtual money has been rather popular for the last several years especially in the sphere of online gambling. But the unsteady nature of such coinage has taken the shine off the money. The price of Bitcoin has fallen by over $100 with the first two days of the week, only to save half of the losses. This week the fall of the price was a reason for a real flurry when it lost 37% of its face value and beat a low of $170.21 on January, 14th, Wednesday.

As a result, a question appeared if the crash or inconstant nature of virtual money worth such a strain. Those gamblers who used virtual currency while playing might think that they won in an online casino, but in reality they lost on the value of the currency. Such a situation can influence negatively the size of bets made by Bitcoin on various online gaming websites that use this currency. The volatile nature of virtual coinage could be a real disaster for online operators, as this does not allow them to receive enough profit. It is supposed that not all the players treat virtual currency as real money. The popularity of Bitcoin was really significant within the last years as it has gone from 5 dollars to six hundred during a few years, which brought a fortune to ones and crash to other punters.

In the world of online gambling you always have to choose: what online casino to play in, where to open an account, what money to use. While gambling, you are ready for various outcomes – a great win or a terrific loss, but when you face the problem with the currency value, it’s something quite different.

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