Yesterday,the market evaporated US $ 10 billion, it was so scary!

Even the bitcoin currency yesterday was brutally 'ravaged', fell a new low, to the US $ 1800, in this month, has plunged 38%. I do not know if it will stop there or a even plunge more.

Ether was snipered, last month it fell from US $ 400 fell to US $ 151, in this month, has plummeted 62%

After the analysis is over, let's take a look at the reasons for their crash.

First,1st of August is coming

On 1st of August, a civilized war is coming! Nodes and miners are about to start debating whether or not to increase the bit size of bitcores. Because of their debates, is the biggest reason for the turbulence of Bitcoin. Because Bitcoin is the leader of virtual coins, our SBD and Steem depends on the bitter coin boss's face, hope August 1 bit currency to lead everyone back to the bull market.

Second, many ICOs start selling off to take profit

Many virtual coins are was announcing ICO without a product. Just in last month, there are US $ 7 million raised from Ethereum web pages. When their virtual currency is released and skyrocketed, they begin to sold away and cash out using Ether coin . So, Ether will plunge more than 60%

This is now the dilemma of virtual currency, there is no law enforcement unit to control the issuance of virtual currency. In short-term, i suggest everyone do not buy an unknown virtual currency.

However, to the good side to think, virtual currency is still promising, once

• Law enforcement unit enforce the distribution of cryptocurrency!
• More and more countries recognize virtual currency (like Korea and Japan)
  Well, That was all for today,Thanks!