Post
Topic
Board Economics
Re: Is china one reason why bitcoin dumping now?
by
perfect999
on 13/03/2018, 11:10:21 UTC
I have a link here that maybe China is one of probably cause by dumping of bitcoin by their miners.
https://techcrunch.com/2018/01/08/china-is-reportedly-moving-to-clampdown-on-bitcoin-miners/
Share your thought about this guys and help to enlighten my mind.
I don’t think that’s the reason for such. China banned ICOs since last year, but it never had any effect, except the price downing for few weeks and then taking a turn upwards. If that was the reason, then the price wouldn’t have reached the $19,000 price rate which it did last year 2017. Let’s just say it’s a normal thing that happens in market and due to the correction, so very soon the price will go up again.