Not all investors can actively trade in the Crypto currency at the exchange. Someone does not have enough time for this, someone just can not do it. Therefore, a significant part of the holders of the crypto currency will vseravno simply keep it in the hope of making a profit from its growth in price. During the growth of the crypto-currency market, retention brings a good profit, however, during the period of its fall or stagnation, as now, only retaining profits does not bring. Those who can not constantly trade, it is better to trade with coins and tokens for a period of time at large price increases and falls. This is the most optimal for making a profit.

Bitcoin in the coming year may still rise to $ 20,000, but not for long. As soon as it will once again rise in price, it will not be for long. Immediately there will be an increase in the offer for sale and it will fall. This will continue until the demand for it is equalized with other types of crypto currency. Now he is at such a price amid the euphoria of many investors. It will pass.

Bitcoin, especially in such its current state, can not cost even 7000 dollars. This is clearly a bubble, but it should still decently rise in its price several times and then fall due to the panic that has arisen until it is established at the level of other crypto-currencies.

Good prediction. Above a hundred dollars the rate of bitcoin in five years, it's cool. I think that the price of bitcoin by that time may be even higher than $ 120. During these five years, bitcoin will increase several times in price in the range of up to 50 000 dollars and fall to very low limits until it is established at the price level of other crypto-currencies.

Our world is gradually moving toward a cashless society, but this process in different countries will proceed in different ways and will take a very long time. It depends on the level of incomes of the population, the technical supply of the population to such a transition, and a number of other factors. However, in the near future we are unlikely to completely switch to non-cash forms of payment. Cash will vseravno still exist and will go along with non-cash money and crypto currency.

Governments do not wage war on the crypto currency. They are simply not interested in its recognition and legalization on its territory. This is due primarily to the fact that the crypto-currency does not belong to any state, is not provided with anything, has a high cost and greater volatility, and that the most important thing is that it is very difficult to control and collect taxes. Under the influence of people, governments will legalize the crypto currency, but will gradually introduce various restrictions on its circulation, and will never themselves actively support it.

If the bitcoin price continues to fall for some time, nothing terrible will happen. I think, on the contrary, the whole of the crypto currency is better, it will be partially cleared of those who use bitcoin only as a speculative means of accumulating value. In general, it will be good for bitcoin and to speed up its process of legalization by states. On the other hand, this depresses the price increase for other types of crypto currency. But there's nothing you can do about it. The weak-hearted will necessarily suffer losses. However, this is the market and such are its laws. It is necessary that people understand that the crypto currency is not only an opportunity to profit from the constant growth of its price, it is a serious market.

Bitcoin or any other decentralized crypto currency can not be the main currency of any state. The state will by no means allow this, since this will contradict the interests of the economy of this state and will harm it. The state can allow the circulation of decentralized crypto currency in its territory, but it will not itself encourage its circulation. It can create and maintain only its centralized national currency.

Verification of KYC is allowed only for investors. With respect to participants in the ICO generosity campaign, the KYC verification is illegal. In general, the ICO teams do not need to be given the right to conduct a KYC check, since they themselves do not pass any verification now and are very likely to be scammers and use the collected data for illegal purposes.
A KYC check in some cases will be necessary, although in general this harms the principle of anonymity of the crypto currency. We need to agree with its conduct in order that the crypto currency will be legalized by the states. In the future, such a check can be avoided, referring to the decentralized exchangers.

In ICO projects, the difficulties are temporary. They are connected with too long stagnation of the crypto-currency market. However, the market will not constantly lie, as it happens this year. The time will come, it will rise and the crypto-alaota will again grow, this will give a new impetus to the development of the ICO and they will be continued. Therefore, bounty hunters will work on advertising ICO projects for a long time.

Crypto currency was actually created as an alternative payment system to the existing payment systems. The existence of a payment system is impossible without keeping the crypto currency in its purses. Therefore, the retention of coins and tokens, we will vseravno use. As for making a profit, keeping the crypto currency will always be effective against young, developing and promising coins and tokens. Of course, in general, it is better to combine the opportunities for making a profit while keeping the crypto currency and its trade. However, not everyone has the ability and time to trade on the exchange for this.

Gold has become a measure of value and a repository of value due to the fact that it is fairly stable in price and against the background of the depreciation of the usual currencies, its rate is gradually growing. Bitcoin can not be digital gold, because it constantly changes its value. Therefore, it can not be a reliable repository of value. When he was constantly growing in price every year, people were euphoric about this. When bitcoin ceases to increase substantially in price, then it will stop comparing it with digital gold.

According to polls, and information from practice, people buy bitcoin just because they hope that it will go up in the future. If the probability of such a hope decreases, then the demand for it will drop and digital bitcoin gold will collapse at one point.
If the scalability of bitcoin grows very slowly, bitcoin will gradually continue to lose demand and the level of capitalization, until the price ceases to dominate the price over other types of crypto currency. As soon as this happens, bitcoin will lose everything and at best remain an honorary crypto currency with the use for expensive transactions. The truth in this case is very difficult to predict its price.

Recently there was information that the commission, established by the Government of India, came to the conclusion that bitcoin and other crypto currency can be recognized as a means of payment. If this issue is again handled by the Reserve Bank of India, this will not happen. At the same time, this bank saw great support for the country's crypto currency, and therefore there will not be a complete ban, as planned earlier. Apparently, indeed, the crypto currency in India can soon be recognized as a commodity. In any case, this is much better than the attitude of the authorities in this country to the crypto currency earlier.

Each token is created as a result of the ICO and ensures the implementation of its project. Projects work in certain narrow spheres of our economy and create real conveniences for people. Therefore, in general, we really need them. They provide us with additional conveniences that, in their own way. turn gives us the opportunity to use blockchein technology.

This year there is nothing to be afraid of December. Bitcoin after the fall from the previous December in price, almost a year already is in stagnation and we, on the contrary, expect that it will finally start to rise slowly in price. I think that there will be no significant increase in it, so you should not be afraid of it. Investors will already be afraid of repeating the events of a year ago and will be cautious this time.

Bitcoin is now really being used more as a means of accumulating value, and not as a currency. This is a very big problem for bitcoin and I do not see any possibility to change it. People invest in bitcoin more because they want to, through some, sometimes long time, profit from the growth of its value. Most investors are not even going to use it as a means of payment. In addition, such an opportunity is not always available. Therefore while it is possible to tell that bitcoin has failed as a means of payment.

The technology blockchein really very well helps banks. Banks began using ripple crypto currency, which is based on blockchein technology. They replaced it with an outdated SWIFT-medod, whose help funds were transferred. If earlier, using this method, the confirmation of the transfer had to be expected for several banking days, then when using the ripple coin this became possible in just a few seconds.

Banks will always slander bitcoin and other decentralized crypto currency, since such a crypto currency takes away part of their clients from bankers, and with them part of their profits. Especially a lot of negative information regarding the crypto currency banks will be issued before the legalization of the crypto currency by the states. After the legalization of the special meaning, this will not be done, since it will already be under the protection of the state.

Bitcoin, of course, can not be called a private currency. Apparently, the one who decided to call it that way, had in mind that bitcoin is most used by private individuals, and not by the state or its structures. However, this name will be incorrect, because in this case it is understood that bitcoin was created by a private person and belongs to an individual. Most likely, it should be called a people's currency. This will indicate that bitcoin belongs to people, and not to the government and it was created by the people, since its creator Satoshi Nakamoto has not been established and has not yet stated his right to his invention.