- The Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, kicking Bitcoin’s already-sliding value further down the slope.[1]
- Bitcoin, which briefly neared $20,000 in early December, has had a dreadful time since then, partly thanks to regulatory moves against it in South Korea. Its slide made cryptocurrency investors $44.2 billion poorer in January alone.[2]
- Additional market data reflects how many other cryptocurrencies are seeing price declines during the day's session.[3]
theymos said " The drop is clearly due to the fact that Bitcoin is backed by drama, and there has been a shortage of drama lately. [4]
We're going to need some real spicy headlines like:
Mark Karpeles to reopen MtGox; initial balances set by lottery
Bitcoin Core devs call for reducing the max block size to 100kB. "Fees are too damn low!" "[5]
To what extent do you think the price will decline or will rise again soon?
Sources:
[1] http://fortune.com/2018/02/01/bitcoin-price-india/
[2] http://fortune.com/2018/02/01/bitcoin-price-india/
[3] https://www.coindesk.com/2-month-low-bitcoin-price-drops-9k/
[4] https://bitcointalksearch.org/topic/m.29332938
[5] https://bitcointalksearch.org/topic/m.29333730
- Bitcoin, which briefly neared $20,000 in early December, has had a dreadful time since then, partly thanks to regulatory moves against it in South Korea. Its slide made cryptocurrency investors $44.2 billion poorer in January alone.[2]
- Additional market data reflects how many other cryptocurrencies are seeing price declines during the day's session.[3]
theymos said " The drop is clearly due to the fact that Bitcoin is backed by drama, and there has been a shortage of drama lately. [4]
We're going to need some real spicy headlines like:
Mark Karpeles to reopen MtGox; initial balances set by lottery
Bitcoin Core devs call for reducing the max block size to 100kB. "Fees are too damn low!" "[5]
To what extent do you think the price will decline or will rise again soon?
Sources:
[1] http://fortune.com/2018/02/01/bitcoin-price-india/
[2] http://fortune.com/2018/02/01/bitcoin-price-india/
[3] https://www.coindesk.com/2-month-low-bitcoin-price-drops-9k/
[4] https://bitcointalksearch.org/topic/m.29332938
[5] https://bitcointalksearch.org/topic/m.29333730
Well the indian news of banning crypto for transactions probably dug a deeper hole for an already shaky bitcoin january. Even though its not an entire ban since people can still trade and use exchanges. Though yeah i agree that btc could really use a positive news right now. Its been bloody so far and it's dragging the entire market with it
