it's an old news of ICO’s closing in China that affected bitcoin price. Now there’s a news we should wait it’s about hard fork which will be held on october 25th. maybe that hard fork will be the reason that can raise up the bitcoin’s value.
and we should be grateful too because that news didn’t last long
Well its just about a month ago isn't it? Not that old ey?
. Seriously, that's how bitcoin and the market moves as evident of the last month's fall wherein bitcoin floored to $2800. But now no one has thought the bitcoin already doubled or more than doubled that price during its recovery. I'm sure we already proved that Bitcoin can't be stopped, not even the Great Wall. I think that their effect will not really last long because there's still some other parts of the globe that are willing to invest and put money in the market.
The Chinese now are for sure planning to do some unexpected come back. And when that happens for sure the price of bitcoin will be pumping quickly. I thought they will give some announcement and statement regarding their temporary ban to ICOs on the 15th of this month as the congress election on their country was done already or they are still on going and still processing with the set of rules that they will give.
I hope they are, because bitcoin is not enjoying another unprecedented march toward another ATH. Let's see how will they react now since the system has already proven that we can stand without them. I'm sure they want to comeback and join the party. They are very welcome to comeback anytime.