Quote from: NS-Soul on September 06, 2017, 07:09:25 AM

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

Big governments are catching up with Bitcoin 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 Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.

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

I dont see it as a negative just rely on the where it come? remember the media can be bought by the money a single blogger or person who can do it. Just think on it . Wether with or without chinese bitcoins will continue to rise there are so plenty of negative news but no one makes, it only makes the bitcoins price dump and give chance to the whales in the bitcoin world.

Chinese is a big player in crypto market and although we may suffer for a big loss by there absence but still the crypto market can still manage to handle this situation since there are non chinese whales and big countries still do trades with crypto. And I think on next time around crypto markets will became more healthier and chinese players will comeback later on these years.