What is the situation when Bitcoin is disconnected from the network (Bitcoin keeps falling)
According to Cryptoglobal, Bitcoin was confirmed to have an abnormal network status around 3am on August 11th. Subsequently, two brief trading failures occurred within 10 hours – this was the second fork event after the Bitcoin Core (BTC) protocol upgrade; Afterwards, there was a third “mining pool outage”. This is the first time that a blockchain malfunction has occurred in the Bitcoin chain, as the difficulty of mining had reached its highest level in history at that time. Due to this reason, when a block appears, it will stop working, making the network extremely unstable and fragile. The reason for the network outage this time is also related to some people in the Bitcoin community who previously believed that the network was interrupted
Bitcoin has been falling
Bitcoin has been falling, and the recent pullback has been brief. From June 30th to the current three weeks, it has fallen by about 80%, and these days have been in a sideways stage, basically in a downward trend (that is, the downward trend is still continuing). This range is likely to become a bottom support level. However, if we can truly maintain this momentum, it means that it will not hit new lows again Although a friend asked me yesterday if I should buy Bitcoin? I think it’s still possible, but what I want to tell everyone is that I don’t know what to do. In fact, I personally suggest that everyone should calm down and respond to the current situation and risks, and try to avoid the impact of short-term fluctuations. (I am the author Huang Xuejiao, and reporting/communication on blockchain projects can be added to WeChat hxjiapg. Please note your position and reasons.)
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