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Well I think if the price of Bitcoin can stabilize at $ 6000, it will be good for the market. The price doesn't fluctuate strongly which makes people don't worry more about losing money. Besides, remaining price helps Bitcoin become more believable when trading. Specially, the stable price of Bitcoin can make Bitcoin easily trade in the market all around the world.
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That is not new topic! However, It is really impossible for governments to stop bitcoin. Firstly, Bitcoin is decentralized and under uncontrolled by governments. Secondly, Bitcoin is all around the world, all governments can not peer-to- peer stop Bitcoin. Finally, BItcoin can make profits legally so citizens will not accept to eradicate Bitcoin out of their life.
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Is that true? I have researched this information in the Internet and there is no news about this issue. I think you should check again your topic before posting in forum. Anyway, if banks accepted Bitcoin, Bitcoin would develop more than ever before.
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In my opinion, Bitcoin is entirely like commodity. Now, in the cryptocurrency market, investors buy Bitcoin as gold to reserve capital following the money- commodity- money system. Once the price of Bitcoin can be stable, I believe that Bitcoin will be used all of this advantages like commodity.
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No way ! Altcoin can only exist in short terms and it has many risks than Bitcoin. Besides, there are many types of altcoin that it is difficult for investors to determine which altcoin can make profits fast. Moreover, altcoin is not as safe as bitcoin so it has status '' pump and dump''. Anyway, Bitcoin is still the best choice for investors in cryptocurrency.
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I think the weakness of Bitcoin now is regulation. Of course but it depends on policy. For me, the governments can not all aspects of their countries. Like banned drug, the crimes also continue to trade drug all around the world. However, the government will have right direction for your country in order to develop as much as they possiple. Just believe in your government.
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Well, it the best time that you should invest in Bitcoin because the price of Bitcoin is falling down. However, I think you ought to use your money but not lending to invest in Bitcoin because of long term.
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As the report, the electricity was consumed by bank, internet.. is many times as much as bitcoin was. Moreover, once bitcoin dominate the world, it can be changed bank notes, and many other currency. So that, the electric will be small or big. I mean, the electricity which Bitcoin is consuming is not quite remarkable. Therefore, we should not worry about this problem. The issue what we should care most is rasing price of Bitcoin.
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We need something / something only when it is useful to us. Bitcoin too, people invest and hold Bitcoin because it can benefit everyone, because it has the potential to grow. When Bitcoin no longer benefits them, they will leave Bitcoin. Whenever Bitcoin is valid, people will still hold it. When Bitcoin is out of stock do you still hold it?
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