Frankly saying no one knows about this thing for sure. Today it is 7600 $ yesterday it could be 5000$. Bitcoin price is based on speculations only and not on something concrete.
Due to different regulations & monetary policies in different countries we see difference in prices of bitcoin. People try to arbitrage but mostly the arbitrage opportunity is disguised. In hope of making profit you end up making loss as crypto prices changes every second.
I think now is the time to hold and get more and more invested in cryptocurrencies. Crypto is still at very small level of adoption. Once the adoption increases the good projects will blast.
Not all are idiots here. Also those who invested at the high are pretty new to crypto. many people invested when bitcoin was few cents but sold it when it was worth a few dollars. Someone would call them idiots but the truth is no one knows what will happen next. So we cannot possibly call someone foolish for investing in bitcoin.
We cannot be sure that what we invest is surely gonna be safe. It all depends on the market conditions and manipulations. most people make mistakes while trading and lose a lot of money.
Yes, bitcoin will still lead into the coming years. Currently none of the coins seems to be threatening this status. Do not see flappening happening soon.
Facebook always wanted to have a monoploy over user data and ad revenues. With new and new crypto projects coming daily the day is not too far when we will not need facebook. One can check Presiam and instar network projects which are threatening the way facebook works. It will be really unethical if one day facebook launches its own cryptocurrency.
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