A few days ago China just announced that their government banned all ICO activities, and instantly the bitcoin price went down. how do you think about this?
I think it is just the movement of assets. Wait until the currencies from the exchanges and other places come back. Then the price will go back. Not then though the price would have increased a bit so we might see $6000 soon. Also most of these people making these outrageous statements like Bitcoin being fraud, these people are protecting their I interests. Why is this bad anyway ? A good trader can work both ways. A good trader knows how to take advantage of these situations both up and down. People focus so much on going up they forget that going down can make you profit too.