Facebook Blocks Bitcoin Ads, Its Cost is Free Skip Free

Bitcoin prices are indeed leaning unstable. In the past one month period, it can even decrease by 50 percent. Especially after Facebook to block ads that are about with the digital duwit eyes.

Based on the information reported by Ubergizmo, Sunday (4/2/2018) after Facebook to block Bitcoin ads some days ago, the price continues to crawl day by day. Every day, the price of Bitcoin even decreased to 11 percent.

As of Friday (2/2/2018), the Bitstamp Exchange page reported that Bitcoin's price reached its lowest point of US $ 9,022 (equivalent to Rp 121 million).

The following amount is considered very low, considering the price of Bitcoin was available at US $ 20,000 (Rp 268 million) in December 2017.

Bitcoin is not the only digital eyebrow that gets the blocking effect of Facebook advertising. Ripple for example, the third largest digital duwit eye follows also decreased to double-digit. So even with Bitcoin Cash.

The reason for Facebook blocking ads around the digital duwit eyes is none other than because they crave eradicate various misleading practices such as Initial Coin Offering (ICO / Initial Coin Offer) and binary options.

"We created 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 at Rob Leathern, as quoted by Reuters , Thursday (1/2/2018).

Facebook will include implementing the new policy to all company-owned platforms. In addition to Facebook, Audience Network and Instagram will apply the new policy.

This new policy is enforced to bring the impact of users continue to be comfortable when using all the services owned by Facebook.

"We crave people to continue to discover and learn about various new products and services through Facebook advertising without being deceived," said Leathern.

Bitcoin's own values ​​are valued in harmony with search in Google Search. According to Co-Founder DataTrek Research, Nick Colas, if the search data on Google about Bitcoin has increased, then the next thing will impact on its value.

More and more do a search about Bitcoin, then its value will go up, so counted otherwise.

"Bitcoin's search for this time is greatly reduced, so that value is similar to Bitcoin's current value atmosphere," Colas said.

Furthermore, Colas lays out other evidence that helped Bitcoin's search for November last year. At that time, the search trend for Bitcoin increased during Thanksgiving 2017 in the United States. The condition coincides with the quantity of Bitcoin wallets that are formed.

"However, a few days later, the price of Bitcoin fell, as did the search," he continued. Nevertheless, Colas rate Bitcoin future is not very worried because armed with technology, this investment is still safe for the long term.!