Has bitcoin price reached its peak?

[FuninUSA]

Japan has become one of the largest markets in the world for cryptocurrencies. Trading in bitcoin-Japanese yen accounted for about 57.6 percent of total bitcoin trading volume, according to CryptoCompare.

Japanese authorities recognized bitcoin as legal tender last April and require cryptocurrency exchanges to register with the government. Sixteen exchanges have done so, March 7, reported by FuninUSA.

Hong Kong-based Binance was operating in Japan through the internet without a license for a virtual currency exchange. Recently, Japan’s Financial Services Agency issued a warning Friday to major cryptocurrency exchange Binance for operating without registration in the country.

Binance CEO Changpeng Zhao confirmed receipt of the warning, tweeting: "Our lawyers called JFSA immediately, and will find a solution.” Reported in FuninUSA, Zhao has once expressed that the company tried to get a license in Japan but has decided to remove its staff from its office.

Bitcoin traded 3.4 percent lower near $8,417, according to CoinDesk at 10:20 a.m. ET. As you know, this price is nearly half the price when bitcoin hit its highest price last year.

With the stricter regulation of cryptocurrency, what do you think is the trend of bitcoin price? Also, what’s the possibility that bitcoin would become a prevalent method of payment?

[Gracie12]

At present, BTC should be at a low price. In the long term, BTC will also increase a lot of times, only we can hold for a long time, there will be a good profit.

[First77]

Coinbase visitors fell from 170,000,000 to 63,000,000 in 3 months. Coinbase runs Bitcoin. $6,000 looks like the upper limit for Bitcoin.

[zigfridna]

Japan has become one of the largest markets in the world for cryptocurrencies. Trading in bitcoin-Japanese yen accounted for about 57.6 percent of total bitcoin trading volume, according to CryptoCompare.

Japanese authorities recognized bitcoin as legal tender last April and require cryptocurrency exchanges to register with the government. Sixteen exchanges have done so, March 7, reported by FuninUSA.

Hong Kong-based Binance was operating in Japan through the internet without a license for a virtual currency exchange. Recently, Japan’s Financial Services Agency issued a warning Friday to major cryptocurrency exchange Binance for operating without registration in the country.

Binance CEO Changpeng Zhao confirmed receipt of the warning, tweeting: "Our lawyers called JFSA immediately, and will find a solution.” Reported in FuninUSA, Zhao has once expressed that the company tried to get a license in Japan but has decided to remove its staff from its office.

Bitcoin traded 3.4 percent lower near $8,417, according to CoinDesk at 10:20 a.m. ET. As you know, this price is nearly half the price when bitcoin hit its highest price last year.

With the stricter regulation of cryptocurrency, what do you think is the trend of bitcoin price? Also, what’s the possibility that bitcoin would become a prevalent method of payment?

I do not think we had seen the peak yet. These figures might look quite big seeing the prices from where it started but it also took 8 years to happen.

[1C6fV5DtakfKANLJ8GUV7hCaA]

There are other counties where Bitcoin is completely legal. It's most possible that the people form countries where regulations on Bitcoin are tight move to the counterpart. However, Bitcoin hasn't reached its peak yet despite all the FUD and panic selling. Bitcoin will definitely become a method of payment for the majority in the next few years.

[Kocret02]

if many countries follow developments like japan country I think going to make bitcoin as a common means of payment. and if various countries do the approval and legalize bitcoin like bitcoin japan will have a price at the peak.

[Angelic T]

I think bitcoin has not reached its peak yet and is yet to. Considering the current regulations put forward by the US and Germany and other influential countries, bitcoin will continue gaining much popularity and I think this will go a long way help the price peak at the end of the year. I am very optimistic about this.

[JohnsonJesse]

Not at all. With the amount of new investors coming in it won't be long until demand outweighs supply in bitcoin and once it does, it will be the driving force to drive the price even higher.

[jamesbtcearn]

Bitcoin is at low now. But I think it’s gonna rise soon. I don't think we have reached the peak. BTC is getting more attention than ever. Its gonna result positively in long run. Warning won't affect Binance that much, rather it’s gonna get positive momentum while they set their base in Malta.

[Ctn]

Japan has become one of the largest markets in the world for cryptocurrencies. Trading in bitcoin-Japanese yen accounted for about 57.6 percent of total bitcoin trading volume, according to CryptoCompare.

Japanese authorities recognized bitcoin as legal tender last April and require cryptocurrency exchanges to register with the government. Sixteen exchanges have done so, March 7, reported by FuninUSA.

Hong Kong-based Binance was operating in Japan through the internet without a license for a virtual currency exchange. Recently, Japan’s Financial Services Agency issued a warning Friday to major cryptocurrency exchange Binance for operating without registration in the country.

Binance CEO Changpeng Zhao confirmed receipt of the warning, tweeting: "Our lawyers called JFSA immediately, and will find a solution.” Reported in FuninUSA, Zhao has once expressed that the company tried to get a license in Japan but has decided to remove its staff from its office.

We know very well that upto this point whatever is written is all about the Japan and this country is completely in favour of the crypto currency. This is why they also managed to gather many financial ministers together and tried to have the Gobal Summit to bring the crypto currency under legal tender. Many countries accepted it too and this will impact the bitcoin prices real soon and we need to give time for that to happen.

Japan is always excelling in the crypto currency and that is why they were able to finance so many exchanger in so short period of time.

Bitcoin traded 3.4 percent lower near $8,417, according to CoinDesk at 10:20 a.m. ET. As you know, this price is nearly half the price when bitcoin hit its highest price last year.

That is just temporary and as I mentioned earlier it is all about the time that we need to spend on the current and future developments of the bitcoin to push the prices upwards.

With the stricter regulation of cryptocurrency, what do you think is the trend of bitcoin price? Also, what’s the possibility that bitcoin would become a prevalent method of payment? Huh

This is global question and it can be solved with different countries coming together. This is not about the single country and we cant really say anything about it until all the countries regulations comes under one roof!

[chidrawarster]

I don't think so, it's only a first milestone what it reached during Dec 17.I am also confident that it will touch many more peaks in the future, what we need is patience and keep buying when it dips. That's the reason of success. I am also confident that it will make many more millionaires in the future or in the coming days.

[bad_apple]

For me, to be honest, Bitcoin hasn't reached its peak. It's just a matter of time that it's a bit shaky as it goes up and down for a while. Maybe we could expect again for btc to go higher by May or June. Just don't lose hope! Hold a little bit longer and have faith. Don't let other's confuse your mind, just do what your heart and mind wants for the first place. Just picture your goal and purpose in life.

[Kakmakr]

It should make no significant difference if exchanges and other services are being targeted in Japan, because the traders will find a way to trade. We saw the same thing happening in China and the people still found ways to trade. Japan was quick to define and accept Bitcoin as a currency, but now they are making it difficult for people to trade openly.

They implemented strict regulations and also high taxes on Crypto currencies. 

[Herbert2020]

none of the things you put in here such as Japan, Binance, regulations,... has anything to do with the actual question you are asking! and why would you even think that? bitcoin is not even adopted by enough people to call it adoption let alone mass adoption!
it has a long way ahead of it and it may take years to get there and during this time price will continue to rise. and it will only reach its "peak" when it reaches mass adoption and by then the rises will be small.

i dare say we are at only 0.1% of the journey to the top.

[millenniumcoin]

Yes!bitcoin has not reached it peak because it has once hit all time high of 20000$ last year 2017 and with the current price of 8400$, i think this current price does not determine it peak and obviously, bitcoin is yet to hit its peak in my opinion.

[cho99]

I think that bitcoin price today is legit , because when you see bitcoin market cap around 140 billion dollars and the global market cap is around 330 billion dollars so you understand that bitcoin represent around 40 % of the global market cap , remember when bitcoin hits 20 K on December 2017 his market cap was around 300 billion and the global market cap was around 1K billion dollars so bitcoin price right now is related with global investment because there is no the same amount of money of investment in cryptocurrencies , so when the investors put their money into crypto again definitely the price of almost all cryptocurrencies will go up again . Just wait till the end of this year .

[BelieveInBTC]

I don't think that Bitcoin has reached its peak. We are still far from actual BTC price. Bitcoin price might increase thanks to wider adoption. More people might become interested in Bitcoin after it starts to be faster. Currently it is very reliable but transactions are quite expensive when there are a lot of unconfirmed transactions.

[leonair]

Maybe for this time being, Bitcoin price is stabilizing in $8k-$9k and I think it's all good for now as there is no reason for it to fall down to a new low or even get to a new all time high. Last year was a great year for Bitcoin's price increased and we must be thankful for that especially to those early investor that made a good profit.

I think if Segwit will go through with full implementation of Lightning Network this year then we can expect another massive increase for Bitcoin and I really believe that it will happen.

[UAE Seasider]

I don't think Bitcoin has reached its peak as yet, the potential for the increase in user base for the whole cryptocurrency markets is huge, and within another 3 - 5 years I think the market cap will have doubled or tripled from the current levels. Bitcoin will pass $20,000 during this period without much difficulty

[Sar elok]

Japan has become one of the largest markets in the world for cryptocurrencies. Trading in bitcoin-Japanese yen accounted for about 57.6 percent of total bitcoin trading volume, according to CryptoCompare.

Japanese authorities recognized bitcoin as legal tender last April and require cryptocurrency exchanges to register with the government. Sixteen exchanges have done so, March 7, reported by FuninUSA.

Hong Kong-based Binance was operating in Japan through the internet without a license for a virtual currency exchange. Recently, Japan’s Financial Services Agency issued a warning Friday to major cryptocurrency exchange Binance for operating without registration in the country.

Binance CEO Changpeng Zhao confirmed receipt of the warning, tweeting: "Our lawyers called JFSA immediately, and will find a solution.” Reported in FuninUSA, Zhao has once expressed that the company tried to get a license in Japan but has decided to remove its staff from its office.

Bitcoin traded 3.4 percent lower near $8,417, according to CoinDesk at 10:20 a.m. ET. As you know, this price is nearly half the price when bitcoin hit its highest price last year.

With the stricter regulation of cryptocurrency, what do you think is the trend of bitcoin price? Also, what’s the possibility that bitcoin would become a prevalent method of payment?

I am sure the bitcoin can now control the market price to a better direction. If the market price goes up gradually, down too slowly. If the bitcoin has become the payment method is valid, it will be more of a community using bitcoin in future.