Of course, the recent drop in the price of bitcoin to $ 30,000, and I myself saw in CoinMarketCap that its price fell on January 05 to $ 30,482, was quite acceptable for him. Moreover, the very next day its price rose to over $ 35,000. The high price volatility of cryptocurrencies is good for both traders and investors. For the stock market, such a drop would cause panic, and in the cryptocurrency market, this is considered the norm.

Our civilization remains the same and with the advent of digital technologies our life will become much more convenient and simpler. However, you should not completely rely on digital technologies and forget about the old, but reliable ones that do not require the presence of complex equipment.
Some people even today live for a long time without banks, but another part of them still regularly or periodically use banking services.
It must be remembered that banks are actually part of the state system and that they serve the economy of each country. Therefore, banks will continue to exist as long as the states exist.

The fact that the price volatility of bitcoin is capable of increasing with an increase in its price can be seen even in the example of the last rise in the price of bitcoin to $ 40,000. On January 10, the bitcoin price exceeded $ 40,000, and the very next day, on January 11, it dropped to $ 31,000, on January 12, it rose above $ 36,000. If you look at the CoinMarketCap table at this time, the price of bitcoin just jumped up and down by hundreds of dollars every few seconds. Previously, when its price was lower, such high volatility was not observed. You can imagine how its price will sometimes jump when it reaches a hundred thousand dollars or more.

The fact is that no one asks and will not ask for our opinion when issuing stablecoins. Any kind of money has the right to circulate. Stablecoins will generally always be centralized as they are backed by centralized state currencies.
In the next few years, on the contrary, digitized stable currencies of states will be massively issued and it is quite possible that they will to some extent displace all other types of means of payment. In any case, governments are counting on it.

At the same time, it cannot be said that this statement applies to all cryptocurrencies. Virtually only Bitcoin and some of the higher-cap altcoins deserve long-term retention. Those who saw their tokens growing in the second half of 2017 and did not have time, and who did not manage to sell them at a bargain price, also hoped for their long-term retention. As a result, most of them simply disappeared from the market.
Holding any cryptocurrency carries a certain amount of risk. And not only in terms of price. There are also many technical, organizational and other reasons why we may lose access to our cryptocurrency. Therefore, each of us must choose his own option and his own way of working with cryptocurrency.

This is the first time I read such a direct and open concern of representatives of the current banking system about how the popularity and demand of people for cryptocurrency is growing. I was especially interested in the fact that the report indicated an increase in the usefulness of the cryptocurrency. Bankers did not recognize this before. Moreover, they agree that within one or two years, while states will massively release their digitized central bank currencies, bitcoin and other potential cryptocurrencies will grow in value. This is, in fact, a recognition that decentralized cryptocurrency will enter our lives for a long time, if not forever, as well as a recognition of the helplessness of the current financial system in front of the cryptocurrency.

Yes, that's all true. For these reasons, bitcoin will never be used by governments as the main currency. The economy of any state can exist, be planned and developed on the basis of national money, which should be issued in the amount of all goods in circulation. How to plan the economy of the state, sell goods and provide services, if the day before yesterday the price of bitcoin was $ 40,000, yesterday $ 30,000, and today $ 35,000. However, this is only one of the purely technical reasons, and there are a lot of them.

Yes, I am now watching the bitcoin price steadily rise again. Perhaps this means that the correction of its price was again insignificant due to the fact that the expectation of the continuation of the bull market is still high and the offer to buy bitcoins is still large. Now the bitcoin price is approaching $ 36,000. Most likely, its further price growth will continue.

Do you think that states will use bitcoin as a reserve of central banks instead of gold and one hundred governments will use it as a digital asset to accumulate value? This will never happen because the nature of the state is completely different. Many states have now legalized bitcoin, that is, they have established its legal status and determined its order and conditions for walking in society, but they will not actively support it, that is, they will not create an infrastructure for its circulation and use it in international agreements.
They will use their central bank stablecoins, that is, their digitized currencies, and create various regional stablecoins based on their own currencies or the same gold.
So far, the cryptocurrency market has reached one trillion dollars, compared with 70 trillion in stock markets and 200 trillion dollars in the real estate market, and states consider cryptocurrency to be one that does not threaten the stability of the global financial system. It is still unknown how states will treat cryptocurrency in the future. Most likely, they will strengthen the legal regulation of cryptocurrencies in order to weaken their impact on society.

The bitcoin price cannot rise for a long time without correction and fall. This is the law of the market, the reflection of supply and demand in its price. Bitcoin grew in price, many began to sell it in order to fix profits. Some needed money, while others are selling knowing that after some time it will still fall in price in order to buy it at a low price. So there is nothing surprising in the current fall in bitcoin. The surprise was caused by the long rise in the price of bitcoin without a rate correction.

Of course, bitcoin and other potential decentralized cryptocurrency may well be used to hide their income and wealth from government accounting. Surely many do so. If you place cryptocurrency on new wallets and do not display them on the exchange, then no state structure will be able to prove to anyone that they belong. The main thing is to securely store your private keys from wallets. Apparently, in the future, this will be one of the reasons for strengthening the regulation of cryptocurrency by states, as well as the further spread of cryptocurrency.

Bitcoin still dominates almost all types of cryptocurrencies due to its high level of capitalization, now over 68 percent. Therefore, the ethereum price is still dependent on the bitcoin price. When bitcoin rose in price, the price of ethereum also rose more than $ 1,300 and there was not much left to its previous price record. However, last night the price of bitcoin began to fall, and with it the price of ethereum fell. Now the price of this coin is at $ 1,100. For ethereum to surpass its previous price record, we seem to have to wait for the cryptocurrency market to continue bullish growth.

The Ripple company announced that it is entering into negotiations with the SEC, which means they are ready to admit their guilt and pay penalties. I don't think the SEC wants anything else. The negotiations will mainly concern the amount of penalties. The executives of this company will have to pay billions of dollars and XRP will continue to exist. Before the current market drop, XRP price began to recover and hit $ 0.33 yesterday.
Yes, this coin is centralized and can be easily misused, but many will still use it, including as a means of payment due to its good characteristics.

I have periodically sold my ethereum in small batches lately, but last time at the price that the coin has dropped to now. Now I have a certain amount in USDT, so if the market falls further, I will buy, but will grow, I need to determine a temporary price peak and sell. I am more and more convinced that simply holding the top cryptocurrencies is ineffective. You need at least periodic trading when prices are clearly going up or down. What will happen next - we'll see. It looks like this year will be very interesting for cryptocurrency market participants.

In practice, this is no longer news. More than 80 percent of all states are currently exploring or trying to switch to their national stablecoin. In the near future, virtually all states will have their own central bank stablecoins.
Most governments have already stated that using blockchain technology in non-cash payments is much more efficient and profitable.

It is difficult to find a year on our planet without a war. Probably such a human nature. In our time of high technology, world war is very easy to ignite. There is now a lot of evidence to support the fact that previous human civilizations had much more advanced technology than we have now. We find descriptions of the use of nuclear weapons and evidence of their use many millennia ago. Each time, humanity has to rebuild almost from scratch. It is possible that after some time the bow and arrows will again become the most formidable weapons. So far, human history has been constantly repeating itself.

Why, entry into the cryptocurrency market of large companies is generally very good for the distribution of cryptocurrency. Without a lot of capital, people had no confidence in the future of cryptocurrency. The fact that large corporations are investing their money in cryptocurrency gives people such confidence. They know that large companies invest money only if they are fully confident in the profitability of their investments. One cannot count on states in this matter. They will not actively support the cryptocurrency and invest in it.

The transition to digital currency is a very long process. It will take more than one year and probably more than one decade. Plus, I don't think paper money will ever disappear completely. A certain part of people will refuse to use digital money or, for various reasons, will not be able to do it. In addition, natural disasters are increasingly occurring on our planet, and therefore it is not worth relying entirely on electronic and digital money. Physical money is also needed. People should have a choice under what conditions what money to use. There is no need to rush in this matter.

Now the price of ripple is at the level of 0.32 dollars and it is unlikely to seriously fall. Ripple's executives have announced that they are entering negotiations with the SEC. This means that they agree to pay the penalties. The SEC, in fact, is doing this. If the fine is paid, then ripple will be restored on the exchanges and will be able to develop further. However, the awareness that centralized cryptocurrency can be easily misused will remain.

It is unlikely that a short-lived, but a decent drop in the price of bitcoin recently can be called a correction of its rate. This is just the usual manifestation of its volatility. Apparently, significant batches of bitcoins were put on the market for sale, which led to its almost instant drop in price. Even if its capitalization grows significantly, Bitcoin is unlikely to be able to get rid of this high volatility. It seems to me that Bitcoin and the high volatility of its price will always be together.