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
No, isn't because china banned the ICO. the price fall because some people has sell their coin for take a profit, no more reason for it. Maybe you always see bitcoin price on china market always below from other market but it can not be used as a reference to make a prediction.
a lot of factors actually , and the ICO ban could be one of the factor. a lot of people believe that it is the reason why bitcoin falling , but there is another reason too and it was about the high price , there some old bitcoin address moved and believed looking to sell them all.
an early adopter seems interested to sell their bitcoin now .
Ya some what right.May be due to China ICO fall the bitcoin price may reduce. It also due to the old bitcoin sold bulky for the profit. If they have hold lot of bitcoin for long means they forced to sell when the price is high.For the profit you must sell when the price is higher. It may again the price will change.