If your noticing drops in your altcoin wallets today, it may have something to do with new regulations in China...
Just this week, China created a list of 60 major exchanges that are currently being investigated in response to hacker theft and terrorist fudraising. Two major platforms that help altcoin creators market alternative commodities to buyers, ICOage and ICO.info, voluntarily suspended operations in response to the ban. The inquery aims to register ICOs to prevent theft, fraud, and illegal activity.
This happened previously in 2013, when China placed a similar ban on ICOs, but since then, after markets recovered, altcoin prices soared, bringing bitcoin up to $5000 USD in recent months.
Have no fear folks, we could see another exponential rise in prices in the next several months, possibly breaking Bitcoin records!
I just read that on Bloomberg (Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal) https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal
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Yea.. Streisand effect can save the world!
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Absolutely, which is what exactly happened a few years ago, bitcoin will prevail because the people power it, not the government, everytime they get involved, prices soar!
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I'm trying my best to HODL but it's hard sometimes! Lol
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Very nice post @thehoneybee ...Blessings
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THIS IS A PLAIN PURE BULLSHIT..A FAKE NEWS, ABOUT BITCOIN & ALTCOINS CRUSH RELATED TO CHINA ICO BAN. THE CRUSH WARNING HAS BEEN HIGHLIGHTED AND BEEN PREDICTED ALMOST 3 WEEKS AGO...IT'S WELL NOTED AND EVEN TO SOME EXTEND THEIR* ANALYSIS ASSESSMENT IT'S ALMOST PERFECT ON THE COMING CRUSH...
"Sheba Jafari, the head of technical strategy at Goldman Sachs, wrote in a note sent to clients on Sunday that because bitcoin was approaching her target of $3,691 (which it has since passed), an extension wave five of this move could take bitcoin all the way up $4,827 before a correction pushes it all the way down to about $2,221"
*A) GOLDMAN SACHS: Here’s when we’ll know bitcoin’s top is in.
Jonathan Garber, Business Insider US August 14, 2017.
http://www.businessinsider.my/bitcoin-price-technical-analysis-goldman-sachs-top-2017-8/?r=US&IR=T
B) Bitcoin (BTC) Update: We are VERY CLOSE to a wave (v) of 5 of III top! What to do? This is what I'm doing...read the blog.
https://steemit.com/bitcoin/@haejin/bitcoin-btc-update-we-are-very-close-to-a-wave-v-of-4-of-iii-top-what-to-do-this-is-what-i-m-doing-read-the-blog
THE FAKE NEWS RANDOMLY EXAGGERATED AND MANIPULATED BY THE MAINSTREAM MEDIA TODAY.
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didn't read the reports on the link yet, but....seems to me, like.....bankers want to control the bitcoin price. Right?
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My personal opion is that this will only be GOOD for bitcoin, sorry to rain on your parade.
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