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RE: Bitcoin Price Continues Downward Momentum Toward $3,500
There are reasons for Bitcoin faltering. One is the China FUD. Second, there is Another fork coming in November and this begs the question, why? They should have fixed it right the first time. Third, there is the unanswered question of government control. In China, they are just seizing it. Will that happen in the US? Maybe Bitcoin is not cryptic enough, it can be traced and seized.
I agree about China it has caused some confusion and panic for the people living in China. I wouldn't be concerned about Bitcoin hardforks at all, there are over 1000 altcoins and a Bitcoin hardfork just means a new altcoin is created... nothing new there. People still need to learn not to keep crypto on exchanges, can't be seized if you keep your bitcoin in a paper wallet that hidden under your floorboards.