Bitcoin Price Free Fall Due to Blocked Facebook
February 8, 2018
Bitcoin lately is trending among users of cyberspace. The digital currency is to be excellent in itself, for those seeking advantage in cyberspace. Although in some countries, the digital currency is still not legalized users, in fact the demand is still a lot. Unfortunately, the recently Facebook as the largest social media platforms implement policies to block ads related to digital currency.
Facebook’s policy is apparently enough to affect the exchange rate of Bitcoin. Shortly after Facebook implement this policy, Bitcoin exchange rate directly freefall. Where commencing on February 2, 2018 Bitcoin touching its lowest value with a figure of US $ 9,022 for a single-chip Bitcoin. These figures are very much when compared with the exchange rate in the past few months that had touched US $ 20,000 (USD 268 million) for one Bitcoin.
Facebook itself has a strong reason why it issued a policy to block ads related to digital currency. Facebook reasoned if the digital currency is misleading practices. “We are creating a new policy, which prohibits advertising to promote a wide range of financial products and services, which are often associated with misleading promotional practices such as binary options, ICO and cryptocurrency,” said Director of Product Management Facebook, Rob Leathern.
The policy was carried out to further protect the safety and comfort of users of Facebook. “We want people to continue to discover and learn about the various products and services through Facebook ads without fear of being cheated. That said, many companies advertise binary option, ICO and cryptocurrency, not operating in good faith, “said Leathern.
Some time ago myself had the news spread if the value of the digital currency Bitcoin is in line with the number of searches on Google Search. This becomes an indication if Bitcoin is aligned with its popularity. As expressed by the Co-Founder DataTrek Research, Nick Colas “Search Bitcoin today actually decreased. So, it is equal to the value of Bitcoin present conditions, “said Nick Colas them.