Quote from: margert on February 06, 2018, 01:35:46 AM

Quote from: Silkybit on February 05, 2018, 08:20:16 AM

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?

I think it has a huge impact on the market at the moment, I think that is the main reason that bitcoin prices are dropping sharply and there are no signs of stopping. Currently the price of bitcoin is at $ 7000 and according to my analysis the price of a bitcoin will fall to $ 5400 today. In addition, I think that in addition to the influence of the Chinese investors are keen to take profits before their holiday.

We can see that China's embargo with bitcoin is having a huge impact on the digital money market. Bitcoin prices have fallen dramatically in recent days, as it has lost more than 70% of its value and has hit a milestone of $ 6,000. Also due to the psychology of profit takers of Asian pot investors before their holidays also make bitcoin prices fall deeper.