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The bitcoin price slumped to a new low a couple of hours ago on 14th september . The price nosedived by around 500 $ . The MAIN REASON FOR THIS , was the announcement of closing of a major btc exchange called BTC CHINA .
I would like to say and point out that the closure of BTC CHINA was an INDEPENDENT DECISION,and was NOT DUE to the pressure from the government . Even if china bans exchanges , the major exchanges and most of the btc transactions would all be transferred to JAPAN .The govt of japan is showing good concern over bitcoin . The BEAR TERRITORY of bitcoin will soon go away . So keeep BUYING !!
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