The price of bitcoin hasn’t just held steady thus far, but has also risen to new highs over the past week. At current levels, a single bitcoin is worth nearly $1,400. If this trend continues, it wouldn’t be a surprise if the price of bitcoin continued to rise above the marketing mark by the end of 2017. History has shown us that successful manias create situations in which market participants believe they can buy and hold for very long periods of time at prices well above their intrinsic value. In almost all cases, however does this last? Try not to look too far down the road when it comes to speculating on bitcoin prices because these high prices create higher costs for everyone involved in exchange transactions.
Is China going to stop trading bitcoin?
China’s ban on ICOs did not include digital currency exchanges which means that hundreds of millions have been traded without any problems since 2015. Nevertheless, there are still ways around this law and Chinese miners have already found workarounds though platforms such as LocalBitcoin or Huobi Pro where users can simply connect via VPN servers from other nations including places like Sweden or South Korea whose regulatory outlook makes it easier for people operating outside of China to process business-related transactions throughout mainland China whether residents really want them doing so or not. For example imagine being able to trade cryptocurrency from your home location in North America instead and how well would businesses accept your terms and conditions in such a scenario? Maybe