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Bitcoin Falls From $4,600 To $3,590 - Investment - Nairaland

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Bitcoin Falls From $4,600 To $3,590 by Nobody: 11:37am On Sep 22, 2017
Pls who has the idea for the falling of bitcoin?
Re: Bitcoin Falls From $4,600 To $3,590 by ev4real(m): 12:12pm On Sep 22, 2017
Surdycole2:
Pls who has the idea for the falling of bitcoin?
China news of planned ban on all exchangers. All the same it was worse last week. Its gradually going up now.
Re: Bitcoin Falls From $4,600 To $3,590 by Nobody: 12:16pm On Sep 22, 2017
ev4real:

China news of planned ban on all exchangers. All the same it was worse last week. Its gradually going up now.
wow
Re: Bitcoin Falls From $4,600 To $3,590 by Fxmanager(m): 12:59pm On Sep 22, 2017
Surdycole2:
Pls who has the idea for the falling of bitcoin?

World Government Regulators have warned that bitcoin and other cryptocurrencies users does not have legal protection, “as the currency is not issued by any monetary authority and is therefore not entitled to legal claims or guarantee of conversion. As a result of this any exchanges or purchase of virtual currencies represent your business risk and your investment are not protected by any government regulatory body and there is no legal entitlement or compensation of losses caused by exchanging or purchasing bitcoin. It is well known that bitcoin and other cryptocurrencies are being use for money laundering, fraud, hard drug transactions, terrorist financing, tax evasion and other criminal activities, and the world governments are not liking it and are researching to see if they can track the users of cryptocurrencies as well as the amount being held by them in other to be able to fight the above listed criminal activities. If they are not successful, the world governing bodies will come together collectively to ban completely the usage of bitcoins and other crytocurrencies by any body as a currency, starting from the merchants, exchanges etc under their jurisdictions and when that happens bitcoin and other cryptocurrencies might crash to zero. To recover your investments depends on how fast your internet modem and internet speed is, when you want to cash out your investments. Have you ever been in a market when an instrument is rejected by the entire market participant in this internet age? Have you ever try to sell an instrument and your trading platform or exchanges website are reporting server busy or re-quoting a lower price for you because there is no body to accept the instrument and even when you try again at the lower quoted price , you still get a new lower quoted price because the market has crashed beyond your accepted price due to lack of liquidity. We are talking from personal experience as currency traders for close to a decade where brokers, dealers, exchanges, etc go bankrupt due to situations like this. The worst is when the exchanges which, in cryptocurrencies case are not regulated, shut down completely and you loss your crptocurrencies or you cannot find any exchanges to exchange it for you and all your crptocurrencies crashes to zero. And there is no government regulatory body to report to. Be warned.

Note: We do not include crptocurrencies in our porfolio to avoid the aforementioned risk to our potential investors capital.

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