That is true and it will happen soon. Banks abd governments will eventually join the fray in the creating own cryptocurrencies and tokens to service their people. Some governments aren't really inclined to accept cryptocurrencies like bitcoin because they hade their own plans to create or develop their coins and they don't want a possible competitor when they start to issue their own coin to their people. Ripple is lucky to be adopted by some banks but other banks might also issue their tokens in the future.

Last year is a bullish year and the bitcoin bullrun ended last december when it price peaked at almost $20k at that time. This year bitcoin will be more bearish and its price is tend to go down more before bouncing up. I believe this year will be mostly bearish for bitcoin and it will take many months before it go back to bullish mode again. Just try to hold your bitcoin more until it its price go up again.

When the price of the bitcoin is high, I convert some of my coins to fiat and it use to buy some important needs. But I'm not using it daily especially during bearish market and I'd rather hold it and wait for the price to go up again before using it. In my country, there are only stores that accept bitcoins so I mostly convert it to fiat to be able to buy something.

Predictions and speculation has been part of cryptocurrency trading and those who involves in trading are always using it. When you are trading, you will have to think of what will be the price within a few minutes, days or months so you will going to speculate or predict the next possible price. There are also crypto analysts who predicts the future price of the cryptocurrency but it is up to you to believe them.

Cryptocurrency market has expreienced many price falls on its previous years and some of this recent falls are worst than today and yet it always managed to recover later. The price may been falling abnormally this year but it is still temporary and its better to hold the coins you are holding because price would go up again soon. The present price of bitcoin is still hjgh if you compare it more than a year ago so some people are still awaiting would go down further.

Regulations can only cover the transactions of any cryptocurrency in the exchanges but you can not diectly regulate the bitcoin itself because it is a decentralized currency. Transactions like buying or selling a bitcoin can be regulated and this law can also used to protect any cryptocurrency holders from many scam that are proliferating in the online world.

Some countries that are not ready for cryptocurrencies will ban bitcoin, others will try to control the movement of coins by imposing their own regulations. Japan and other countries welcome and legalized bitcoin instead of banning it. In my own country, bitcoin is not yet legal but the government did not banned it and they've been studying the cryptocurrency for possible legalization in the future. If government ban the use of bitcoin, people might instead try to buy or sell coins in the underground exchanges.

All kinds of legitimate investments will not make you rich overnight. It will take years of hard work and lot of patience before you finally attains your dream of becoming rich. Cryptocurrency investments is no different, you had to wait many months or years to become rich with some losses. I mean you might lost big before you reach that dream because it is the most risky investment compared to the other type of investments.

The future of bitcoin and other top cryptocurrencies is still promising and more surprises might be coming in the years to come. But to ensure the future of bitcoin, there be must continuing adoptions by countries or businesses. It should be on the mainstream in the next several years amore people around the world should be bitcoin or other cryptocurrencies. This coming digital age, almost all currencies will be used digitally  and all transactions are cashless.

As long as you hold your cryptocurrencies, you can still hope of recovery in the coming weeks or months. But if you have still funds available then you can invest more while the price of the coins are cheaper than before. Selling your coins while its value is going down is not a good decision unless you desperately need a money for some emergency.

These governments might also not ready to allow cryptocurrencies or they had different views that prevent them in permitting their people to use virtual currencies. Some governments allowed cryptocurrencies by imposing taxes abd regulations to monitor movements of the coins and lrevent from falling into the hands of men that involved in illegal activities.

The cryptomarket is said to be unregulated, a freemarket, so nobody controls it. But when it comes to market prices, there are major players that can able to control prices of some cryptocurrencies. Different kinds of buyers usually controls prices and the volumes of trades and tgese buyers includes the so called small fishes, the whales, some institutions and the government itself.

If the demand for bitcoin continue to rise worldwide due to its popularity online, some big companies will eventually choose as one of their mode of payment in their online marketing. Bitcoin's volatility is one of the reasons why some shops are still hesitant to accept the top cryptocurrency. There is a need to study the possible effects of rapid price fluctuation in their market to avoid losses in the future.

It really hard to decide when it comes to selling or holding your tokens that you received from bounties. Mostly the price of the tokens rise on its initial listing on crypto exchange then go down later a dumping of the tokens by its holders. If the token is potential, it would go up again in the future. But if the token is created with no clear purpose, its price will never go up and eventually delisted from the exchanges.

Those so called vaporcoins and those coins that only created with the only intention is to enrich its owner or developer will be eliminated in the years to come. Many coins today are developed or createdwith no clear purposes at all and most of them are delisted from the crypto exchanges after several months or a year.

I bought some altcoins that are good for long term hold several months ago and plan to keep it until next year when the cryptocurrency market turn to bullish again. This year is not good to sell any altcoins that you've holding because of the market's continuing bearish situation. There is a possibility that market will go up before the year end but this uptrend will not be the same uptrend that happened last year.

If i want to spread or diversify my investment to other cryptocurrencies other than bitcoin then I choose the coins that has sure potential to grow jn the future. It means I'm going to trade half of my total bitcoin holdings to some promising altcoins in the market. But I will not going to do it without researching the coins first and its future market.

There is been a move of some G20 member-nations to create a global regulation for cryptocurrencies and in their last meeting they decided to get recmmendations from their members on how regulate the use of virtual coins. This planned regulation might be impose on every cryptocurrency exchanges or in every transaction but not on the coin itself. Government can not directly regulate bitcoin because it is already a decentralized coin.

Nobody owns bitcoin so everybody can buy it for use in transactions, trade or for long term investment. Everyone can call bitcoin an asset, a currency or what suit them but all I know is that the top coin is created for payment in any online transaction. But government may also impose some regulations in their country to prevent or stop some people in using the virtual coins on any illegal activities.

This will depend on the development that may happen in the coming weeks or month. Many people are waiting for the possible approval of bitcoin ETF by SEC but it postponed to next month according to some news. Bitcoin price is still in $6400 range but it is still uncertain if it will continue to go up or go down again below $6k.