It has been a tough week for the Bitcoin enthusiasts because China has prohibited the operations for ICOs and homegrown exchanges. Good thing I have lemon water and apple shake.
ICOs are sort of a hybrid between the initial public offerings of the equity markets, crowd-funding and venture capital, allowing start-ups to raise funds for new technology projects, funded entirely in virtual money.
Now, since not all ICOs are legit, the Chinese Government might have been cleaning up the market from scammers – before allowing regulated exchanges and ICOs to become legal again. The news has brought panic to the Bitcoin’s global community.
Well, I have felt the huge impact of the Bitcoin’s bloodbath since early this week.
I used to get approximately $20 on Thursdays with my 0.004 BTC salary, but this week had only earned me $14.
But anyway, I bought two lemons and apples for only 0.0002 BTC from a peer who accepts Bitcoin, and made myself a refreshing lemon water and apple shake.
oh well, please check out my blog
https://thenoodlepunk.wordpress.com for more. Cheers!