Bitcoin Drops Again Amid Uncertainty

[sabrina8089]

Bitcoin finally dropped under $4000 after hitting a high of $5000 in August. It is currently trading at $3875 amid more bad news. The lack of certainty about the Chinese banning exchanges has led to more traders dumping their coins for fiat. Also, there has been some bankers who criticized bitcoin as having no value which led to a more negative view of bitcoin from the general public.

Read more here:
https://www.coinstaker.com/bitcoin-drop ... certainty/

[OneChain]

It still looks very uncertain, but BTC is hodlin strong at 3500$. I think this just proves resilience of Bitcoin! Even with such a huge country banning it, it still hodls!

[CryptoBlackHat]

The only event I can imagine that would be more dangerous to Bitcoin's price that his would be if another major exchange were to shut down due to fraud. We've already seen constant threats of ICO regulation, so that's factored into the current price.

Overall, it looks quite good for Bitcoin's future long-term. Especially if you compare this to previous crashes in the market.