Bitcoin 10th Anniversary, the price on the bottom

On the anniversary of this one decade, unfortunately, bitcoin is still experiencing a decline compared to its glory last year. According to Reuters, the value of bitcoin was 3 percent lower than last October 31 last year.

At that time, bitcoin closed at a price of USD 6,443 on the bitcoin market (Bitstamp). However, the price is rising until finally it reaches the price of USD 19,343 on December 17, 2017.

Bitcoin rose to 1,300 percent in 2017 due to massive purchases from retail investors from South Korea to the United States. Bitcoin's huge popularity is inseparable from its owners who show off the luxury items they buy with bitcoin.

Not everyone is enthusiastic about bitcoin. The loudest are Jack Ma and Warren Buffett who openly dislike bitcoin. According to Buffett, home investment is still clearer than bitcoin.

After entering the peak period in December 2017, the price of bitcoin began to decline. On its 10th birthday it was valued at USD 6,443 or lost about 70 percent of its peak value last year.

At present, crypto money market players imply that the value of bitcoin is now different from last year's bitcoin increase which was driven by a momentary trend and the behavior of investors who are afraid of being left behind.

"Today's mechanism for crypto and bitcoin values is based more on technology than on the hype and FOMO attitude," explained Josh Bramley, head of the Blockstars crypto management wealth trader.