On Feb. 2, bitcoin fell nearly 12 percent, dropping below $9,000 for the first time since November. It was also a 55% drop since the peak of about $20,000 in December. It may not take long for bitcoin to become immortal in the illusory mines, and, of course, it could rebound and even shoot up again. It's just that there's a boom and bust, that the bitcoin is behind the scenes or the crazy harvesting pattern, and the countries that are obsessed with this most crazy world economic scam have become reaped chives.
China since September 2017 ban on currency trading, and in January 2018 to upgrade the overweight against currency mines and related services, after several world seem to wake up overnight, in a strong over the currency. , for example, India's finance minister, Mr. Terry said India will clamp down on the encryption, including COINS, currency used for illegal purposes, stressed that the government will not admit encryption currency is legal tender, which suggests that the government may ban encryption currency. Again, for example, South Korea against the currency regulation activity recently, South Korea's financial information website Money Today1 16th said, citing a document of justice "requires repeated warnings encryption currency trading risk, it is necessary to take a series of" soft landing "measures, make a gradual withdrawal of speculators encryption currency markets." "Shutting down the virtual currency exchange remains one of the options," South Korea's finance minister, jin dongyan, said in a radio broadcast, yonhap reported. It is interesting to note that the United States has also recently begun to strictly regulate bitcoin.
The securities and exchange commission (SEC) announced that it was suspending the financing of the $600m ICO, and freezing the assets of AriseBank and its two founders. Last month, another regulator, the commodity futures commission, issued a subpoena to two encrypted digital currency trading platforms, Bitfinex and Tether, bloomberg reported, citing people familiar with the matter. There has been speculation that the currency was the tool of the United States after the last financial crisis. However, after the Chicago exchange officially traded bitcoin futures, the United States changed its status to pour cold water on bitcoin. Have guess is that the United States after the invention of COINS, actually is to aim at the economy of China were cutting the wool of his sheep, and processing of skyrocketing mode, attract Chinese investors to take the bait, interface in order to achieve the purpose of the harvest.
Let's suppose that this assumption was eventually established, and to the disappointment of the United States, China took a pre-emptive strike and took the action to cut it off. The United States has had to target Japan, South Korea, and even India. From the size of the economy and insight into the character of the region's investors, this seems plausible. South Korea and India will only intensify their efforts to crack down on bitcoin, only if they are aware of the crisis.
At present, only Japan's currency is still, despite the recent one of Japan's biggest virtual currency exchange Coincheck was hacked the loss of about $500 million, but Japan still support the currency trading. Japan's financial department searched the office of the encrypted currency exchange Coincheck, taking documents and computers as evidence, according to bloomberg. Japanese finance minister taro aso said the search was aimed at ensuring the safety of users. Be worth what carry is, a real estate company is located in Tokyo, Japan Yitanzi will in the next few weeks sold at 547 COINS for a commercial buildings, this is Japan's first full use COINS sell buildings. If converted into dollars, the building would sell for $6 million. And on the company's website, there are other buildings that are sold in bitcoins.
Special surprisingly, Russian ordered in January 2018 in the development of a domestic new encryption currency, after a recent but also plans to open the door to greet the currency dig "emigration" for the country's fiscal revenue, this means that Russia seems to be acquiesced in the currency related industries. What is puzzling, however, is the reversal of Russia's attitude towards bitcoin. Russian President vladimir putin has declared in 2017: "a encryption currency such as COINS pose a serious risk, cause people to money laundering, tax evasion, and even terrorist activities, make the fraud is bound to affect the ordinary citizen.
I hope to get your support.
I will always try
thank you
Dear timozhang,
I would not worry too much about that. All of this is just unnecessary fud - I mean those governments will change their mind soon enough. Btc and all other cryptos will go bullish soon enough (at the latest of March). Just a correction and it needed to happen. Should be over soon and then the hype will appear again and all those people will be stoked and pissed again because they did not invest.
And btw. Tether is not a trading platform - Tether is just the coin, as far as I know.
And another btw., illegal stuff happened before cryptos too - it will always be there; so that is a bad "argument".
Yours truly,
Gandalf The White
First of all, thank you for your support.
The government's attitude determines whether bitcoin can have a better development environment.
While time can erase bad news, at least it's not so optimistic.
I really hope bitcoin gets better and better.
You are welcome my friend.
Not only. They will participate soon enough.
Btc could go to about 5k$ down but I still think that it will not - and hope that it starts going sideways and respectively a bit bullish again. March will be a good month.
Have a nice day!
I feel like bitcoin is going down to about $5,000.
We will see - but I do not hope so though it could happen.
We don't want to see such a thing.
But now bitcoin seems to be picking up.
Yeah maybe. Time will tell.
Thanks for sharing us
Don't mention my friend.
I hope you can keep an eye on me.
To support me
Thank you