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First before you start going into the bitcoin or crypto currency; let get you to now more what bitcoin or crypto currency is?

Warning

This article was produced from the recent researched by various expert in crypto currency and do not guarantee you earning exact figure or otherwise. Therefore, no liability should be incurred for any future change or event to currency.

Bitcoin was launched late and early 2008/2009 and then was around $0.10 per 1btc. But because of not wanting to waste your precious time, please google this. And for bitcoin price history check here https://www.investing.com/currencies/btc-usd-historical-data and if you have been involved and know already what bitcoin and has bitcoin in your wallet go ahead and start investing now to profiting 20-50% monthly and for our 10 years financial plan on how to average over $20,000 monthly

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This hyperbolic rise is not bitcoin-driven. Bitcoin has "only" risen by 320%. Earlier in the year, its share of the total cryptocurrency market was around 80%. Now it's 40%.

WHY BITCOIN PRICE WAS DONE SEPTEMBER 4TH 2017.

China Just Shook the Cryptocurrency Market… Here’s How to Profit

China is at it again…

On September 4, the government banned all initial coin offerings (ICOs) in the country.

Blockchain ventures hold ICOs (also called “token sales”) to raise capital.

The Chinese government ruled that ICOs are illegal fundraising that may involve scams.

Completed token sales issued refunds. New ICOs canceled their launches.

Cryptocurrency prices plunged on the news.

As of this writing, Chinese coins have lost over 20%… bitcoin dropped 11%… And the overall market has lost 16%.

If you’ve been following cryptocurrencies for some time, you’ve seen many stories like this one out of China. The country has a history of shocking the market with its pronouncements.

But if you are new to cryptocurrencies, then the recent news can be quite disturbing.

You may even be thinking of selling your bitcoin and getting out of cryptocurrencies altogether.

But that would be a mistake.

Today, I’ll give you two reasons why the cryptocurrency bull market isn’t over.

China’s History of Shaking Crypto Markets

In December 2013, the People’s Bank of China (PBOC) banned payment companies from working with bitcoin exchanges.

Bitcoin dropped 35%. And the overall cryptocurrency market dropped even more, losing 47%.

Then, in March 2014, something similar happened.

Speculation ran rampant that China would ban bitcoin altogether.

The day after the rumor surfaced, bitcoin and the cryptocurrency markets were down over 7%. Both lost roughly 40% in less than a month. (The ban never did happen.)

Then, on February 9 of this year, the government banned bitcoin withdrawals from Chinese bitcoin exchanges.

Overnight, bitcoin fell 10%. And the entire cryptocurrency market dropped 12%.

Today, with bitcoin near all-time highs, we know that after every China crackdown, the market has recovered.

This time won’t be any different.

Here’s why I think cryptos will rally after China’s ruling to ban ICOs…

China Can’t Stop This Bull Market

Here’s a fact that no one is talking about: So far, China’s ICO crackdown has been a one-sided conversation. People assume that any news from regulators is bad for the market.

But consider this… China has over $9 trillion in excess liquidity. Compare that to China’s ICO market… It’s about $400 million.

Finding a home for that liquidity is in China’s best interest.

And what better place than the cryptocurrency market? That’s where you’ll find the most innovative projects.

I believe once the dust settles, China will approve and regulate ICO platforms. That would be incredibly bullish for cryptocurrencies.

And even billionaire entrepreneur Mark Cuban, once a bitcoin skeptic, is now backing a new cryptocurrency fund.

That’s the second reason why China won’t stop the bull market.

China’s ICO ban won’t be permanent. And when the dust settles, we’ll see the best cryptocurrency projects continue to rise in value.

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