Cryptocurrency is facing the most challenging difficulties now...

in #bitcoin7 years ago (edited)

Bitcoin's price keep increasing and breaking its record since its release. Unexpectedly, China is ready to ban all Bitcoin trading from September 30, this make bitcoin encounter the uttermost challenging difficulties. Prices of 1 bitcoin has undergo a sharp drop of 525 USD. At the same time, all so called altcoin (cryptocurrency except bitcoin) experience different extent of drop also. This shows that all holder are afraid of holding cryptocurrency in their hand because of a series action hold by the Chinese Government. Therefore, prospectively speaking, cryptocurrency including bitcoin as well will be gradually drop in the upcoming days and months, until bitcoin can be legally trading in China.