Quote from: Cacingkemi on September 05, 2017, 03:34:24 PM

Quote from: sanjeev.lamani@ on September 04, 2017, 07:19:19 PM

Big governments are catching up with and other cryptocurrencies. And are crushing them.

A couple of days after announcing that Initial Coin Offerings (ICOs) are seriously disrupted the economic and financial order, the Chinese government banned ICO funding.

That was certainly bad news for cryptocurrencies, which crushed across the board, with losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.

Coin/Investment Trust   Change 24H*
(BTC)   -9.84%
Ethereum (ETH)   -21.74
Litecoin (LTC)   -24.92
BitConnect   -32.10

The government is eyeing BTC and destroying it? about 10% to 15% down the price, because the Chinese government is eyeing BTC because of such unique price movements.

i don't think they are very keen to destroy it or disappear it. i think a huge number of population from china is the world of crypto and there are a huge number of bitcoin miners are from china then why the try to destroy it. i think they have taken a good step of banning of ico's because there are a lot of scam ico's too.