Why is bitcoin falling today? Bitcoin market sell off hits all month Low

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Google added: “We suspended more than 7,000 AdWords accounts for tabloid cloaking violations, up from 1,400 in 2016.”

In 2017 Google took down as more than 3.2 billion ads which violated the company’s advertising policies – more than 100 ads per second.

The news was welcomed by bitcoin detractors and even by some crypto enthusiasts, despite the hit on prices

Chris Keshian, managing partner and CEO of $APEX Token Fund, argued regulation is the step forward towards a safer and cleaner crypto environment.


He said: “We see Google’s actions as progressive – as long as they continue to keep an open mind and don’t tar all cryptocurrencies with the same brush.

“Crackdowns on cryptocurrencies are the best way to weed out irresponsible and fraudulent ICOs and place greater focus on cases against unregistered persons acting as agents, brokers, and investment professionals in the cryptocurrency space.

“This is a key step in cryptocurrencies becoming a mature and stable asset class.”

Mr Keshian added this will likely “not be the last ban”, but in time he expects meaningful regulation to sweep through.

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Bitcoin price: Why is bitcoin falling today? BTC market sell off hits all month low
BITCOIN prices struck out at an all month low today following Google’s shock announcement it would ban all cryptocurrency related advertising. But why is bitcoin’s price falling today?
By SEBASTIAN KETTLEY
PUBLISHED: 08:10, Thu, Mar 15, 2018 | UPDATED: 09:51, Thu, Mar 15, 2018
   
   
   
   
Bitcoin (BTC) kick started trading today at at £5,862.42 ($8,196.90), more than 11 per cent down on its Wednesday opening price of £6,553.61 ($9,144.15).

The volatile token fell by £357.65 ($500) in the space of six hours by 6am, according to CoinDesk.

As of 7.50am, BTC is now trading on the markets for £5,647.17 ($7,895.49) per token, down 3.68 percent.

The bearish mood swing came off the back of Google cracking down on cryptocurrency and initial coin offering (ICO) advertising on its platform.

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Observers following the developing news yesterday note stricter regulation of this sorts will help “weed out” bad actors in the crypto scene.

Google said in a statement: “This year, we updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs).

“We also updated our gambling ads policies to address new methods of gambling with items that have real-world value (eg, skins gambling).”

According to Google, the search giant is cracking down on malicious adverting and phishing scams masquerading behind ads and clickbait headlines.

Bitcoin price BTC token price chartGETTY•COINDESK

Bitcoin price: BTC took a turn for the worse this week, hitting a March low
The new advertising policies are expected to take effect later in June this year.

We see Google’s actions as progressive – as long as they continue to keep an open mind and don’t tar all cryptocurrencies with the same brush

Chris Keshian, $APEX Token Fund

Google added: “We suspended more than 7,000 AdWords accounts for tabloid cloaking violations, up from 1,400 in 2016.”

In 2017 Google took down as more than 3.2 billion ads which violated the company’s advertising policies – more than 100 ads per second.

The news was welcomed by bitcoin detractors and even by some crypto enthusiasts, despite the hit on prices.

Chris Keshian, managing partner and CEO of $APEX Token Fund, argued regulation is the step forward towards a safer and cleaner crypto environment.

Bitcoin price chart on CoinDeskCOINDESK

Bitcoin price chart: BTC prices took a hit after Google's ad policy announcement
He said: “We see Google’s actions as progressive – as long as they continue to keep an open mind and don’t tar all cryptocurrencies with the same brush.

“Crackdowns on cryptocurrencies are the best way to weed out irresponsible and fraudulent ICOs and place greater focus on cases against unregistered persons acting as agents, brokers, and investment professionals in the cryptocurrency space.

“This is a key step in cryptocurrencies becoming a mature and stable asset class.”

Mr Keshian added this will likely “not be the last ban”, but in time he expects meaningful regulation to sweep through.
   
   
Ultimo co-founder Michelle Mone launched a Dubai development with prices in Bitcoin

Microsoft co-founder Bill Gates is known to be a Bitcoin enthusiast
Warren Buffett termed Bicoin as a mirage in 2014

US investment guru Warren Buffett is one of Bitcoin's biggest critics

Google's head Eric Schmidt said in 2014 that Bitcoin is a remarkable cryptographic achievement

Eric Schmidt sees enormous value in the currency

David Gerard, a known bitcoin critic and author of Attack of the 50ft Blockchain also welcomed the announcement.

He said: “It's about tackling the kinds of risky investments that verge on gambling.

"If you're a proper trader or an accredited investor then fine - it means you're rich and your money is your own problem.

“But these things shouldn't be targeted at ordinary people."

.

[MomsSpaghetti]

The result is terribly tragic. Many people who invested in bitcoins face a lot of financial difficulties. If you are one of these person, you shall know there is always an exit out. I think you have already taken some loans and probably have a bad credit. Even in such cases you can get out this situation using, for example, special catalogues for bad credit

[ICOselector2018]

I think financial markets are like that only, it is not sensible to expect the movement to work in one way only. So, that’s why we need to be very careful with how we go about investment.

IF we want to be successful then we need to be very wise with how we go. And for me it’s not hard with broker like FreshForex, as they are truly amazing with options like 101% Tradable Deposit Bonus, which makes life so so much easier!

[josephabad23]

yeah it keeps on dropping as the days passes. I think the bottom for bitcoin is $1.5k so I will place my buy order there.