It's a tough week for Bitcoin

[BanKuber]

including, but the drop in bitcoin is also affected by people's reaction to the position of China

Yeah! It's all about China

[KateMolly]

It was hard weekend only because China made trash

[icoholder]

It will not stop Bitcoin, it always find a way to grow

[josefjohnson]

Bitcoin has taken a hard hit in the past and still rebounded. Do not think there will be a quick bounce back but it will come. Think Russia may replace China for bitcoin demand.

That is right, bitcoin is sure to bounce back from falling down but it would take time. China may have chosen to stay away from it but others would be there to pick it up and discover how they can benefit from it. It would make a comeback soon enough.

I still do not understand the position of China, but exactly bitcoin will gradually grow

I think it would be difficult for all of us to try and understand China’s position but one thing is for sure, they don’t want to be associated with bitcoins. In a sense, why would you invest in something that would not give you profits? Russia has also expressed concerns about bitcoins. It is most likely that South Korea and/or Japan would take the lead of bitcoin trades in the region.

[hayleewilson]

Bitcoin has taken a hard hit in the past and still rebounded. Do not think there will be a quick bounce back but it will come. Think Russia may replace China for bitcoin demand.

That is right, bitcoin is sure to bounce back from falling down but it would take time. China may have chosen to stay away from it but others would be there to pick it up and discover how they can benefit from it. It would make a comeback soon enough.

I still do not understand the position of China, but exactly bitcoin will gradually grow

Try not thinking about it from an ICO or investor perspective. Those are the reasons they used for what they did but what does their statement really say?

I think it really goes to show that the controlling communist government of China simply cannot control cryptocurrencies and this worries them. Worried

so much that they had to go and ban ICOs. Outside the box thought, but worth a consider I think

It is hard to know the exact reason behind it but I agree that the communist government might be behind it. Bitcoin is sure to give one person a lot of assets or money just like that, probably richer than what they consider to be the “average”. The fact that it could also go anywhere and undetected (because it’s decentralized) worries their government.

[bakgwei]

Of course it worries countries like China and Russia - trying to excercice total control over your citizens, and then sth like Bitcoin comes along. Pure horror!

[CryptosRUs]

Neither China nor Russia can stop the Bitcoin train!  Look at how Bitcoin quickly recovered from $3k back to its original levels only 2 weeks after China banned all Bitcoins and ICOs.  And now look at Putin and Russia saying they want to do the same thing, Bitcoin's price didn't move a dollar. 

This shows how strong and much faith people have within Bitcoin.   

[iamjwroar]

how a month can change in crypto... love it haha

[RichardKim]

Now situation changed. BTC more than 5000 $

[calis1]

Think demand for bitcoin has increased due to forthcoming fork. Bitcoin is also receiving favourable investment in newspapers.

[josefjohnson]

Neither China nor Russia can stop the Bitcoin train!  Look at how Bitcoin quickly recovered from $3k back to its original levels only 2 weeks after China banned all Bitcoins and ICOs.  And now look at Putin and Russia saying they want to do the same thing, Bitcoin's price didn't move a dollar. 

This shows how strong and much faith people have within Bitcoin.

Yes, China may have disassociated itself with bitcoin and Russia expressing their concerns also gives us something to wait for but even if so, I think the trend would be the same; go down in value but then surpass the old all-time high in price! Maybe they don’t want bitcoins but interested in the block chain technology for their own benefit.

[calis1]

Interesting to see if there are any buyers for the Russian version and whether goverment will peg price to rouble or dollar.

[hayleewilson]

Interesting to see if there are any buyers for the Russian version and whether goverment will peg price to rouble or dollar.

It really is interesting to see if the Russian government regulated cryptocurrency named “Cryptoruble” would be successful in its venture. It’s just the beginning for this one but so many questions are popping out here and there. Like, how much would it cost? Would it be accepted as payment for a variety of services in Russia?, and would it be the perfect substitute for bitcoin users in Russia?   

[calis1]

Hit $6000 today.