Is there any reason why the btc price is dropping again? Im keep checking the news and i cant find anything which could be the reason of a 200+ drop in the last day...
Also, it looks like the bitcoin is always dropping fridays / over the weekend?
Not sure what exactly but imo it should be something to do with the fact that there are rumors going on that china is going to ban everything bitcoin related including mining and transacting on the network, and not just trading bitcoin.
This remains FUD and unconfirmed. I do not think that this has anything to do with Fridays/weekends.
Anyways, great time to load up a few coins if you have the fiat.
Its looks like my initial assumption that bitcoin will slowly go down because of the government shutting down the operation of local exchanges has been proven wrong. Because the price of bitcoin is touch $3800 again. The China effect is no more. While Dimon bashes bitcoin again. The price didn't react negatively, but instead go up a few percentage. And I think the factor that offset the negative news is that Charlie Lee tweeted that according to his source, bitcoin mining will not be close by the Government. If this is true and China confirms it, then the price could go as high as $5000 again. We need to wait and see if Charlie is correct.