In my own opinion I think we can reach back that price within a couple more weeks for bitcoin has to be stable first before recovering from the China ICO ban news. But I do hope it could recover back by the end of this week, I think a lot of people are wishing for that to happen. Either way, no matter how many stones are thrown at Bitcoin it will always find its way back and make a good comeback thereafter.
im all for the growth of bitcoin and all, but at times like these i would very much like to see some stability accompanied by steady growth. as i am typing right now, whatever exchange rate i have set on electrum is showing bitcoin valued at exactly 4500 usd per bitcoin, which is nice and all, but fluctuations of more than 10% either way in the span of a few days isnt exactly the most reassuring thing for bitcoin. my mind is set on the continual growth of bitcoin, but there's always that worry in the back of my mind as to how the next big piece of news might tank bitcoin and cause of chain reaction of panic sells, which would drive the price down even further. in the long term, stability is fundamental to bitcoin's future.
Yes we are going in the old times, as China banned ICO, the growth of bitcoin disturbed, but now it is good that bitcoin is receiving its old position back steadily and slowly. And now it will regain the impact of its users.
I saw the price before the scam of ICO, and I am also looking the new trend in bitcoin investment.I think it is a positive thinking to be the investor and user of bitcoin because of the market value of bitcoin.
