Hi guys. About current fall in bitcoin price. Is that because China banned the ICOs? If so, why did it rise before that? Can you guys please recommend some books to read which explains about the factors influencing bitcoin price? Thanks in advance
The answer is very simple, it's the fud which is created and then the people are panicked that they will lose the money in bitcoins since China was the major driving force of bitcoins. But when the panic selling is over the bitcoin price will recover pretty easily.