China and the Bitcoin stumble
If you’ve been following crypto currencies, you couldn’t help but notice a 20% slide in the Bitcoin dollar price. With the way these things work, that means the whole crypto market is down by a similar amount. Bitcoin is a bit like Rocky Marciano at the moment – groggy and not doing too well, then suddenly unleashing an unbeatable flurry of punches. Remember he retired undefeated.
By the way, Bitcoin is still up on a year ago. This from a blog post on 13th September 2016 : “In the past 2 weeks, the price of Bitcoin made a surprising run up, breaking past the famed $600 level to a $630 high”. Umm so that’s up 700% ( roughly). Read more
