Recently Chinese Government had announced ceasing ICO(initial coin offering), but last two days some medias give the info: the government will close down the kinds of Bitcoin exchanges. As for this in Yunbi, a Chinese exchange, the price of Bitcoin also has a discount with the price from coinmarketcap. I don't know what's going on next but things will always defeat problems. Bitcoin never belongs to any countries so it's more a opportunity than a risk.
But always focusing on the price doesn't have any sense. We must put our attention on what it does, what problems it has solved, how it can make our life better. For this time, according to that info - if true i don't know - proposition to shut down the exchanges because of Bitcoin doesn't has any application and any attribution to community. It has its sense but not all real, Japan, Korea, America, Australia etc all have their own applications. Chinese really does less in this part, people more likely to corner Bitcoin and emotions let them to believe it will rise in the price, outstanding volumes naturally declining.
I think human will not easily get rid of this tendency. Only if Bitcoin is allowed to be the legal tender by several main countries can it be used widely. Because for that moment cornering them and waiting for rising don't have too much significance and it only left for the value of circulating. From the opposite we can also realize that the circumstance has not been reached, the price will be high every day!
All my personal voice, be care!
