Quote from: dart vader on October 03, 2017, 07:28:53 AM

There were two main reasons for a huge drop in the price of Bitcoin. One was the ban on ICO's and Exchanges by China and other was J.P. Morgan's CEO Jamie Dimon's statment that"Bitcoin is Fraud".It was a very smart move by Jamie Dimon which resulted in crashing of Bitcoin.But now market is being recovered and within a month Bitcoin has reached its original price and it is still increasing . People who held there Bitcoin instead of selling them and considered this price drop as an opportunity to buy more Bitcoins will surely get huge profits .

Even if that is the case, bitcoin price has already gone up again and is sitting at 4200$+ right now. It can also be clearly seen that JP. Morgan's FUD and as well as China's gradually becomes ineffective as time goes by and it is proven by the rise that had happened recently. Who knows maybe in the future bitcoin won't be affected by China news anymore and by FUDS made by one such as J.P. Morgan?