Bitcoin and other crypto platforms are on a free fall since January 2018 and to make matter worst, like about 4days ago Google announced that it will no longer allow cryptocurrency-related ads on its platforms. The market sunk, fell and almost collapsed as news spread.
Recall that in January, Facebook Inc., banned ads for cryptocurrencies.
Stats reveals that Facebook and Google control somewhere between 60% - 70% of the online advertising market, so no one wants to be on their bad side.
In a blog post on Tuesday,
Google announced that it would follow in Facebook’s footsteps and ban cryptocurrency ads from its network, and as said it would be starting as from June 2018.
What this means is that Google will now allow promotions of “Cryptocurrencies and related content, including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice.”
There are cases of some crypto networks running away with people's money. Example is Prodeum ICO which ran away with investors fund. There is currently an uncertainty in swisscoin .
All these has led to uncertainty in the Cryptocurrency business although Bitcoin is not an investment scheme because it is a virtual currency, making it more volatile. You can trade with it with other alternative coins and make your profit but it is not an investment.
