a few hours ago I noticed bitcoin had started to rise. and now it has reached $ 3409.97. What do you think ?
It's an indications that bitcoin is not going down instead of going up. Bitcoin community now are getting stronger even if China will ignored it but still they could stand from it. Knowing that, there are more powerful countries supporting bitcoin other than China that's why it can easily recovered after from a sudden dump.
the decision of the Chinese state is indeed an inhibition to see much higher bitcoin prices. currently most investors are still waiting until early October to make a decision. see bitcoin prices are currently stable then this indicates they have not dared to take a decision. there must be a definite thing so they are not afraid to invest. other than that bitcoin users will have the confidence to use bitcoin much more often when the regulation is clear. this is the thing that makes us have to wait until everything is really safe. I am sure that bitcoin prices will increase, but there are some inhibits that need to be feared.