Bitcoin is showing a sharp decline due to the storm surge. It reached 45 percent after reaching a record high. 4 days ago, the bitcoin which was worth 13 lakh rupees, which has now fallen to 7 lakh rupees. On Friday only its price has dropped by nearly 30 percent.   

In fact, due to the difficulties in Bitcoin Infrastructure, it has declined. It is believed that its transaction fees are quite high, which has the effect of seeing it on this. Let us tell you that in 2016, Bitcoin was 126 percent more.

At the same time, in 2017, the price of Bitcoin has climbed up to 1500 percent  If an investor had invested  4 thousand rupees ($ 13 million) in 4 days in advance, then the value of his investment falls to 11 thousand dollars (7.15 lakh rupees). This would result in a loss of Rs 6 lakh in 4 days. If investors have bought more than one bitcoin then their losses will also increase.   

Talking about one-day business, this is the biggest drop in Bitcoin in the past three months. Bitcoin in the one-week business could be the biggest fall since 2013. 

The founder and chief executive of the Cryptcompany website said, "In the end of the year, most investors want to take away their profits. This is the reason that before the Christmas and New Year, there is a sharp decline in Bitcoin. Apart from this, it is believed that making this virtual currency is becoming very expensive. That's why there is a sharp fall in it.

Also, the difficulties in its infrastructure are not resolved yet. 240 kW power in one transaction costs: Bitcoin is used in large quantities of electricity in a time of transaction and mining (construction) since 25,000 computers are needed in a bitcoin making (mining).

According to the report released by ING, a large investment bank of Denmark, 240 kW of electricity is spent on each transaction of Bitcoin. This is almost the equivalent of monthly household consumption of an average family. 

Many countries including India have not yet received recognition from this virtual currency. Recently, the Indian government is taking tough action about Bitcoin. Income tax department is going to send tax notices to 5 lakh people. Therefore, buying it means that it is a risk to buy.   

Bitcoin is a currency, which is considered the most expensive currency in the world. Solving the online gaming quiz, you get bitcoin.Bitcoin transactions are available in India at https://support.buysellbitco.in/support/home.

Let us tell you that recently, Finance Minister Arun Jaitley had said that there is no intention to recognize Bitcoin. At the same time, RBI has issued a warning against the risk of Bitcoin market. 

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