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The main reason I think we should regulate it because only by regulation we can stop the criminal activities and also the misuse of bitcoin.
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Not all the media but some of them, are biased. It is a true fact that all the media run towards how to gain much TRP and they get it largely by telecasting only bad news.
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I don't think the percentage is right because I personally think it is above 90% of American knows about bitcoin and crypto currency.
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My biggest regret is I bought bitcoin by my all savings and at that time the value was good but after that the value constantly fall and still it is the same.
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The politicians are also human being and they also know or can judge what is good and what is bad for them and also they can understand the advantages of bitcoin.
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Then it will become like dreams come true and if it happen every one can easily use bitcoin and also every company and shop will accept bitcoin.
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It is a great market strategy that buy when the price is low and sell when it high and they make the holders panic so that they may sell their bitcoin in low price.
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The purpose of make it illegal is government don't get what they want from bitcoin and crypto currency and thats why by announcing it illegal government want to prevent the users from using it.
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As soon as bitcoin come under regulation under government, governments will accept it and make it legal world wide but I don't think without this they will going to accept it.
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Some thing big will going to happen after five years such as it may become the main currency or it become the global currency.
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It is a very sad and shocking news because 103 is a big amount and it may happens that is his whole life shavings money.
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I think the government problem is the main reason because it make the investors afraid and also the users doubtful on bitcoin.
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If the users want to use they can use it because government can't prevent the user but yes if they caught you in the time of transaction then it may create big problem.
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Undoubtedly bitcoin will gain the best position but this down fall make negative effect on the newbies and this problem should shot out soon.
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The tendency of earn big profit and also the advantages that they can get only in crypto getting them into crypto.
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Business is that system where people can invest their money and there will always be a risk, loss and profit and bitcoin has all of these.
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There is nothing to worry and no matter what happen we need to hold our coin till the last moment because they are trying to take those opportunity by making us worried.
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There are a lot of way to protect yourself form hackers and among them the most important thing is be careful in the case of choosing wallets because if we failed to choose the strong and safest wallet then hackers can easily do their work.
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Those companies are going to disappear from the market who take big loans or can't run their business any more but nothing of this happen to bit coin.
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The moral of this down fall according to me is anything could be happen in this crypto world so, we should always be prepare for every thing and no matter what happen we always keep patient.
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