Subsequent to seeing its course more than quintuple since the start of the year, at a record of almost 5,000 dollars on 2 September, the bitcoin abruptly dove over 30% in around ten sessions to fall beneath the limit of 3 500 dollars on Friday. The most exchanged virtual cash on the planet was at first punished by the choice of the Chinese specialists to restrict the bringing of assets up in cryptomonies keeping in mind the end goal to better control the money related dangers.
Toward the start of the week, the bitcoin decrease quickened after a notice from the CEO of JPMorgan, Jamie Dimon, that this computerized money was a "fake" that will in the long run "detonate".
BTC can't be money, but just a store of value, like gold.
It will get some effect ...
But not for long !
You can check my last post on BTC.
https://steemit.com/bitcoin/@insteadofmoney/btc-you-go-down
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btc will die but eth and other will rise.