Without a doubt, Bitcoin has become one of the hottest topics in various countries these days. Additionally, CBOE launched the Bitcoins futures trading yesterday. Surprisingly, their website crash within minutes after! Read on to find out about the reason behind!
Bitcoins exchange: 2017 official cryptocurrency?!
Firstly, let’s get to know more about Bitcoin! To put it simply, Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. Since the start of 2017, Bitcoin has become a trend in the market, with the participation of million people. Additionally, Bitcoin now witnesses a fluctuating price. According to Social Capital Founder, Bitcoin price can increase up to $1 Million.
Furthermore, the Chicago Board Options Exchange (CBOE) has also announced their launch of a Bitcoins futures website in August. CBOE’s website became unavailable within minutes after its first bitcoin futures contracts on Sunday. Moreover, CBOE has confirmed that the crash was due to much higher website traffic: “Due to heavy traffic on our website, visitors may find that it is performing slower than usual. Furthermore, it may at times be temporarily unavailable.”
However, Bitcoin users are still facing some issue regarding the money exchange. Notably, digital currency and price appreciation have fluctuated during these time. For instance, Bitcoin price can soar over $1,000 during a specific period. However, it can decrease significantly right after. As a result, there were major slowdowns and crash in the Bitcoin exchange. Many sources stated that once Wall Street joins in, the traditional exchange will fade away.
Bitcoins exchange: the trend of 2018?
With many people are joining the Bitcoin battle, we can expect an impressive development from this cryptocurrency next year. What do you think about Bitcoin and its potential? Leave a comment to let us know!