Has bitcoin price reached its peak?

[lodi123]

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?

For me not yet reach its high peak but I keep in trust that soon will reach the high peak  so that all bitcoiners will going to be happy

[labilaab]

I think also Bitcoin has not reach its price peak yet. Since its still in early stage yet for the cryptocurrency-birth and still on the stage for people to acknowledged it. If I may predict its price, maybe it will reach to $50k dollars but not this year.

[hugeblack]

Setting the limits of a currency means that the currency has become centralized.
If this happens with the Bitcoin, it will lose one of its most important features and therefore may collapse.
Attempts to regulate are attempts to regulate the process of cash out, but with increased demand for these cryptocurrencies Can be used without conversions/cashout

[zhekinsp]

No,its is not because still bitcoin is not used by all the people in the world there is only about 10% of people using bitcoin.SInce the price of bitcoin is based on the demand of it so the price will be at its peak when 100% of people using it.

[Red-Apple]

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 don't think the regulations were exactly strict, they are usually good and in this case they seemed to be. and regulations of an altcoin exchange doesn't really affect bitcoin price. in fact if more exchanges become regulated we may see a much higher bitcoin price as more people will trust regulated exchanges than non-regulated shady ones and that trust will help them invest in bitcoin whereas they have been staying away because of lack of it.

[setialovers]

As far I understand, that news is about legal documentation on Japan Authorities and nothing to do with bitcoin. For a few years, bitcoin dont have regulation and bitcoin price reaching $20k, and latest news that member of G20 country will issueing regulation on cyrptomarket

[ambisyon]

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?

For me not yet reach its high peak but I keep in trust that soon will reach the high peak  so that all bitcoiners will going to be happy

In my assumption, bitcoin has not yet reached it's peak where I believe this will be making a significant change in the crypto market. This current dip could have been some adjustment period of bitcoin and may somehow progress in the coming weeks which it usually does. Now could be the right time in holding your btc's and don't let your emotion be the source of your decision in selling it which is wrong thing to do. Patiently wait for the bullish run that almost everybody would wanted to happen.

[mahilchii]

I don't think one country regulation or ban will affect Bitcoin and the price currently trending is lasting for 2 months but the news you have quoted no where related to the current Bitcoin price down trend. Hopefully Bitcoin price will rise at anytime and all the negative news about it will be changes in to positive in a minute.

[Lilmon]

NO. Bitcoin is still developing and hasn't even reached half its potential, the prices are still wavering and very unstable currently coz of the red zone but BTC will reach its peak and when it does, the indicators will be visible

[Getmon]

I read your post and I think this is not a bit alarming. Japan has always been very much open to cryptocurrencies. In fact, it has openly released several official statements in the past showing friendly stance not only toward Bitcoin but also toward other cryptocurrencies. Of course, there are laws that have to be followed for these cryptocurrency exchanges. They have to follow and abide with these laws no matter what, but these are not laws banning or strictly tightening the regulation against Bitcoin and cryptocurrencies.

[Twentyonepaylots]

No, Bitcoin has still not reached its peak. because until now bitcoin is continuously fluctuating as the hours go by, so I think that there will be more to come when it comes to the price of bitcoin. so we might as well wait for the future and hold our coins until we see the bright future of bitcoin.

[Coin Hash]

I don't think it has reached it's peak. Bitcoin has the capacity to grow more. Some news these days have kept it low but it will show it's strength in the near future.

[StevenPop]

Bitcoin price has not reached it's peak. I don't think we have even begun to graze the surface of the possibilities when it comes to the price of bitcoin. There are new investors coming in everyday and there are more yet to come in and this will just help in driving the price up.

[AlexAtom]

bitcoin has reached its peak price in the market last december 2017.
Bitcoin was around $19k price at that time. and the lowest point on this year was at the february.
it was around $6k price in the market.

[EmJay]

I think also Bitcoin has not reach its price peak yet. Since its still in early stage yet for the cryptocurrency-birth and still on the stage for people to acknowledged it. If I may predict its price, maybe it will reach to $50k dollars but not this year.

I don't think so that bitcoin reached its peak already. It is yet to be reached. We Can't really say that it reached its peak because it is too early to speculate, I think that by the end of this year it will bounce back again and rise .I have reas in some news that it wil reach 50k usd but before that, bitcoin has to suffer the dip again.

[svetochka.yakovleva.93]

Of course, I do not think that this is the peak of everything, again, the mood swings in bitcoin occur and this is when the difference in the future will change to an optimistic wave.

[peter0425]

I don't think that we have reached its peak. How can somewhat measured its peak when everything is based on speculation?

It can go as high as $100K to even 1 million for all we know. So I don't think we can say that this price is the peak when it go literally increase in a matter of minutes when whales suddenly pumped the market.

And bitcoin is still in its infancy, and we even haven't mine the last of it (although we are getting closer), with that said, I don't think we have reached our peak, actually we really don't know what will be our peak to be honest.

[Rhaizan]

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.

Yes, I also believe that it will happen soon and there's a prediction bitcoin can be reached $50,000 before the end of 2018.
To get a big profits the great way is to invest in bitcoin.

[ldah94]

the regulations may have an influence on the price of bitcoin but it is currently a cryptocurrency that despite its fluctuations is the first option of many investors, has had a strong resistance at its current price and I think that will make it less vulnerable to sharp falls , many expect a big bitcoin rise at the end of the year so they have their investments in it.

[plasmafrog75]

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 that Bitcoin prices have reached the limit, many now invest in other currencies instead of Bitcoins because they believe that Bitcoin can not grow anymore and that contrary trends and beliefs The lousy news about Bitcoin is getting bigger and bigger.