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I think because of this main reason is that Bitcoin has no intrinsic value .Despite company sized valuations, cryptocurrencies don’t sell a product, earn revenue or employ thousands of people. They generally don’t return dividends, and just a tiny amount of the total value of the currency goes into evolving it. Because of this, it is hard to value. How do we know if it is overbought or oversold? When is it a good value or overpriced? Without any fundamentals to base this information off of, we can only rely on market sentiment, often dictated by the media that makes money on viewership.
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Digital currency is complicated to control. In case crisis or hyperinflation happens, the Central bank can hardly to offer suitable policies, while it's much easier with fiat money, which is under the central bank's regulation.
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Even if Bitcoin's price goes up in December 2018, it can't reach 20k$ again. At this time, there are lots of factors hampering Bitcoin's upswings. For example, tightening policy of governments, frauds, and financial crimes are mitigating the desirability of Bitcoins. Getting all problems solved take time and efforts, So the duration from now till the end of this year seems too short.
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The acquisition of bitcoin and other cryptocurrencies on the market may prove to be a sign of failure to the public. In particular, some of the leading central banks and institutions Governments in China, Europe and the United Kingdom are working to release the central bank's cryptocurrencies.
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Yep. Manipulation is unfair. It can make cryptocurrency get peaked and after that plummet. In stockmarket, this action will definitely be heavily fined. But in crypto market, it's not.
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