Yes, it is obvious. Mostly a government with a technological base has already tried to make a standalone position in the global crypto market. And for this China was the first country who stop using bitcoin. Afterall a government finally understands the potential and importance of Bitcoin and finally technology behind it.

Japan is already using it. And many countries are testing.

Now the fear will take major action as countries who are still not aware of the technology behind Bitcoin, Many poor countries including India have no intention to implement new edge technology. Even many countries are banning it.

Ha ha... I am laughing just because those countries who are still skeptical about bitcoin will have to bear a lot more in an upcoming financial era.

If we consider Bitcoin as a payment processor there are many issues that can make bitcoin more hard to use as currency. But at the same time some other altcoins offering seamless payment processes using blockchain technology.

According to the specification of Bitcoins, it takes up to 10 minutes to solve a block and verify the transaction and store it within the block. But while processing this transaction it requires fees to verify and store it within the blockchain node.

Bitcoin is still in testing phase, comparing to traditional payment processors it's bit complicated to common users to access and transact it.

I had read that Satoshi Nakamoto was not a single person or identity, even many claimed that this is a group of peoples. and many more stories are attached to the name Satoshi Nakamoto.

But if we check the name Sa Toshi Naka Moto in this way we find four major names as Samsung, Motorola, Nakamichi, and Motorola. All these are Japanese brands and Bitcoin was also introduced by a Japanese person, so considering this we can imagine what type of groups involved in creation of Bitcoins. Although there is no official references for this.

Blockchain is an innovative and revolutionary technology offering ultimate solutions for every industry which belongs to accounting and scalability. Already its proved, and many organizations already testing possibilities with blockchain technology.

Definitely, in the coming future, many banks, as well as financial entities, will start to use blockchain for more security, transparency, and scalability. Blockchain is a pioneering technology of the tokenized economy. And the coming future world will be digitalized with the help of blockchain technology and decentralized platfrom.

Well, Binance is the well-known exchange and trading platform offering a robust platform with multiple trading facilities, but I personally think Binance for exchange and trading, not for buying BTC.

Better I use local P2P services to buy bitcoins such as Remitano. It offers local/fiat currency as a mode of exchange for Bitcoins to buy as well as to sell.
But the issue is about KYC. Most third-party service providers require KYC before making any transaction.

I think personally no one should have to worry about Bitcoin price because there are mainly two reasons behind this

1) The price of Bitcoin is not controlled or evaluated by any authorized entities.
2) The Bitcoin has the ability to divide into multiple units, where every unit can be identified and can be traded.

Considering these two factors according to the specification of Bitcoin there is no worry about the price of Bitcoin. Bitcoin is basically offering an innovative and revolutionary platform for investment. But it needs more concentration, information, knowledge, and understanding.

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First thing Bitcoin is a bit complex to understand common person who is not belonging to the tech world. But still money matters, and every human being on this planet better know the value of money. This is the first reason why most normal people turns towards Bitcoin considering tool for investment. Just because of false advertising.

The second thing wrong promotion through MLM, and network schemes. Many fall in the trap just because of greed. People who invest in such cases never get returns back because of the specification of Bitcoins principles.

Third thing very few people used Bitcoin as a platform for investment which is actually indeed.

The last thing is about security, Bitcoin is completely virtual asset so, anyone can deal with it electronically. While accessing bitcoin keep your focus on security majors.

No in such scenario Bitcoin will be the prime or master currency and other altcoins will be used for doing such transactions with blazing speed. because using Bitcoins for transaction could charge more fees, even take more time to confirm.


The legalization of Bitcoin all over the world is a bit challenging thing for not only just governments but also corporates, bureaucrats and even individuals also. to accept and implement it in day to day world.

In my opinion, By making Bitcoin legal government must have to show interest and give time to educate their people to enhance their knowledge about the digital economy. But it's still a challenging thing for the government to provide a supported environment considering current global conditions about network connectivity and knowledge about usage of Bitcoin.

Bitcoin may be taking time to move as price volatility is near to about 5 months low. Bitcoin price has crossed $800 resistance. So the current price of
Bitcoin’s indicates bullish sentiment while revealing deflated volatility among cryptomarket. Because price of Bitcoin majorly impacts other cryptocurrencies in fiat as well as price evaluated against Bitcoin.

Well as You are beginner kindly plz give major focus on security and trust with the exchanger.
While considering trust and security first things have to look for domains WHOIS. And then the language used for the development of a platform.

Focusing on these things can clear more doubts.

And as a new trader, you must have to focus on learning new things and experiment with them with your virtual asset.

Trading is a skill can be developed and polished but no one can be master. So plz give time on learning and implement it practically.

Well!

There are main types of exchanges as Centralized exchanges and decentralized exchanges.

While using exchangers for trading I prefer Bot trading which gives more perfection for trading. And for Bot trading, it needs API data. While testing many of exchangers very few offers in detailed data with API.  Binance and Bitmex for Crypto trading as well as Bittrex and Kraken for fiat are genuine exchangers.

 

We can say it a digital asset, and due to limited supply price will be sure skyrocket in coming future.

And that's why it comes up with both concepts, as a store of value and at the same time medium of exchange.

Bitcoin is not a joke so take it seriously.

Governments with the favor of technology and transparency always take a positive move towards acceptance of Blockchain technology. Mainly governments having framework and infrastructure for technical implementation can bring real revolution in businesses. Ukraine is one of the well-known countries in tech issue.

So other countries also consider making crypto legalize.

Many get scared just because of rumors. The crypto market is highly volatile and makes big moves according to demand and supply, slabs, buy wall and a few other factors.

People who just get involved in getting returns are in loss because of the lack of information and updates of the market. Also, many other trust issue and economic affairs also lead to a price drop of BTC. As BTC is decentralized peer to peer digital asset can be divided into smaller identical unit parts due to this specification trading is done with higher volume against a lower price.

Although many people will have shocked at the price of Bitcoin currently against fiat. So many are just giving advice and suggestions. But everyone needs to adjust to the situation.

But many who are still unfamiliar with bitcoin are selling bitcoins because of incomplete information and fears.

Along with many countries are still don't have proper policies for such digital assets. So regulations issues can also lead to panic sell.

Better to give more time to understand the technology behind bitcoin and other altcoins which can give the user more confidence and power to make decisions according to situations.

BAKKT is taking the world towards a new economy. Maybe this is a reason behind this big fall of price globally.

To be honest, BAKKT is basically offering a platform which completely centralized as BAKKT is future Bitcoin Index price offering stock exchange and custody for digital assets and still testing. Also waiting for regulations.

As we all know Bitcoin global currency, which can be exchange against fiat globally. So while you have Bitcoins and you know how to access and use them then its great time for the user having BTC. It gives global existence within the digital economy.

But what about people who are still a newbie and trying to learn and understand more about Bitcoins form various countries?

Many countries are not allowing crypto exchange against fiat.

But still who are willing to buy Bitcoins firstly prefer local exchanger. Localbitcoin, Remitano are performing best comparing to other buying and selling service providers.

Also nowadays exchanger independently offering an exchange as well as trading facilities for the crypto enthusiast.

Bitcoin is a well-known cryptocurrency having highest value against fiat.

But still making a statement relating to the dominance of Bitcoin in the crypto market with an exact figure is wrong.

Few factors as making it clear :

Bitcoin has very higher fees comparing to other altcoins.

The time required by the network for confirmations.

Bitcoin has the highest value for exchange against fiat.

So, considering these facts major literate users are using alternative coins for faster transaction.
 
In such cases, most of the Bitcoins are already locked in such coins having huge marketcap with crypto market.

And according to blockchain explorer, only exchanger and independent user have their BTC in their control. Because the trader has use exchanger for exchange and trading with their Bitcoins and other altcoins.

Completely agree.

As many countries are doing it with the help of governing authorities and media.

Media especially news never focus on updates. It only used to manipulate the market by publishing news according to the situation.
But I think doing such a thing can bring huge future loss of country as well as the whole society and will impact on economics.

My honest suggestion is, give some time to understand things as now the world has come much closer. The understanding thing will enhance your knowledge, knowledge will give you the power of decision and decision will bring results.