Will Bitcoin Ban In February 2018 ?
The bitcoin rally is proving hard to stop.
The cryptocurrency has breached $4,000, soaring more than 20 percent from the lows reached Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange.
After reaching a record high of $4,921 on Sept. 1, the digital currency fell as low as $2,975 on Sept.
Bitcoin & Altcoin Cryptocurrency Market Notes From February 2018
After all, Bitcoin users move wealth directly between themselves. Although analysts and investigators can track the movement after the fact, the actual deed is performed with impunity.
Bitcoin moves with the simplest of tools: a phone, a camera, a telegraph, a piece of paper, or even a flashlight. There is no one at the center of a transaction to search, seize, fine or imprison.
Shutting down Bitcoin would require shutting down the internet—and ultimately telephones, postal mail, cars and the pony express.
Prices are rebounding because traders in China are likely to switch to alternative exchanges or seek loopholes in the regulation, said Peter Van Valkenburgh, director of research at Coin Center, a Washington-based nonprofit research firm focusing on cryptocurrencies.
Cryptocurrency, finding an alternate channel is guaranteed.
More important, citizens won’t tolerate it.
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Here's Why Bitcoin Crashed by $1,000 in November