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You can see most of the time, the market will go with the same direction of Bitcoin because Bitcoin has the largest share in the market. It's no hard to understand at all. Bitcoin has power to control and manipulate the market.
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The problem is the volatility at short period of time. But I’m sure in the near future when theres not,that volatility. It’s gonna change our way of doing many financial transactions. Meanwhile, there’s just people that have it and like it, and others that don’t. It’s simple.
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My opinion is that Bitcoin will last but it will have to struggle a lot to survive negative criticism and the current market. The market seems to slow down and stagnant for months and is likely to get worse before it gets better. As for Blockchain, it's absilutely right that Blockchain will thrive in the next years.
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There is the possibility, but not high. Bitcoin has a lot to improve before it's ready to be effectively used in the future. Bitcoin still comes in for tons of criticism. And you know, a majority of citizens are living in the country side, and their awareness of Bitcoin as well as digital assets is still very low, but they are the group that have highest demand of using hospitals. Their knowledge and awareness isn't high enough to use Bitcoin to pay safely.
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What you say is not absolutely right. There is a chance that Bitcoin is manipulated like you said, but let's face it, Bitcoin is actually losing investors belief and it's in the disadvantaged situation. There's many people actually want to sell it, not only the manipulators. I mean the selloff deepening was mostly caused by the real selling. The market is like a turmoil now. I believe that the potential of Bitcoin has yet to come, but the the market is really worrying.
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We don't have any base or source to give prediction. All you think is just a hypothesis. I don't think they are investing in Bitcoin. They have a double stand because they can't control and manage Bitcoin while they still want to tax it.
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Panic selling seems like the end of the market, but sometimes we can still profit from it. This is not the first time Bitcoin crashed. The price have gone through a lot of ups and downs.It crashed then rallied many times. I believe this panic selling is the really good chance for investors to buy coins at cheap price. But I am not advising you should take all your money and dump it in the crypto market right now. There is a high chance that the market could still go a lot lower before it gets better. Anything can happen and it is almost impossible to buy right at the bottom. The most important thing is to invest with money you do not need to use for the next 2-5 years. Never borrow money to buy coins because the high chance is that your debt will be up to your neck.
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Remember, it’s not the first time Bitcoin has crashed and nearly died. In 2012, it faced 36% slump, and by mid-August the price was up to double digits at least. That was until it collapsed by over 50%, back down to single digits by the 19th. It soon bounced up and was going on somewhat of a bull tear in 2013 but then crashed a few times due to China issued warnings. Many and many other times the price went crazy. But is it existing now?
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