4 ms·
>for no real reason I won't give anyone investment advice, but the recent drop does have a real reason behind it. The Chinese government released a notice[1] t
by johnsoft 13y ago
>for no real reason
I won't give anyone investment advice, but the recent drop does have a real reason behind it. The Chinese government released a notice[1] tightening regulation on bitcoin activity within the country. There is of course debate about the implications of this, but the market has spoken and the price has fallen, so here we are. It's no different than a company's press release affecting that company's stock price.
[1]: http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/ http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_tra...