Bitcoin price take a 50% deep due to recent hack of COINRAIL exchange,which is one of the 100 topmost exchanges of the world.It is in South Korea. There were lot of hacks taken place in South Korea in recent times.Last year,Bithumb was hacked, data of 32000 user were compromised which allowed hackers to login and transfer coins.In December, last year, youbit was hacked of 4000 bitcoins.Government are also too much serious about regulating the cryptocurrencies.
Arun Jaitley, Indian Finance Minister, in his budget speech at the turn of the year, confirmed that the Indian government “does not recognise cryptocurrency as legal tender” and will take steps to irradiate its use to fund illegal activities. In February, India also declared that gains from cryptocurrency trading would be subject to taxation. Notices of this were sent to investors in India with record of cryptocurrency involvement. Whilst the actual notices and budget speech comments weren’t that unreasonable, the reporting on the issue created a sense of fear and forbidding amongst the BTC community, leading to some aggressive sales and a further drop to the BTC price.
Bitcoin is still power-hungry, and people are getting tired of feeding it electricity.Power demand in one Canadian province is so high the region’s utility regulator said that it would “temporarily” stop accepting energy requests from cryptocurrency mining companies “so that the company can continue to fulfil its obligations to supply electricity to all of Québec.”
Berkshire Hathaway’s Warren Buffett and JP Morgan chief executive Jamie Dimon, last week again expressed their deep-seated scepticism of Bitcoin and cryptocurrencies.
WORRIED?? Now What To Do With Your Bitcoins??
No matter what, never think of selling your bitcoin when price go down. Always have patience. Be positive.Today if you preserve it who knows, maybe some good news related with cryptos help it price to surge sky high once again in near future. Cryptos are never going to end completely that is rest assured because it is a revolution.It is going to be like some good days and some bad days like any other investments. Remember the surge in bitcoin price last year. Within a four months time interval the price of bitcoin surged from $4000 to $20000.That’s how things could change within no time. So never loose hope. Only try to be secured.Preserve your coins in 100% safe hardware wallet.It is known as trezor wallet. There is no other thing as secured as your hardware wallet for your bitcoins. Its just like a pen drive. Whenever you need to do a transaction you need to put in your system like desktop, laptop and so on and after use take it out.Its 100% safe and secured. keep your wallet in secure place that’s all.you need to be careful and maintain a strong password of your hardware wallet.
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- Few details
Brand Trezor Model bitcoin wallet Item Weight 13.6 g Product Dimensions 8.1 x 1 x 8.4 cm Batteries: 1 Nonstandard Battery batteries required. Item model number bitcoin wallet RAM Size 2 GB Memory Storage Capacity 1000 GB Computer Memory Type DDR3 SDRAM Operating System Windows, iOS Processor Count 2