Important conditions for the progress of bitcoin

[bettercrypto]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

The point of Bitcoin is that it doesn't need to be recognized by anyone and the only regulation is the rules within the code. If it was any other way, it's value would be 0. Thankfully it isn't the case.

I think government recognition is still needed by bitcoin for it to be fully useful in every part of the world. Until most of the governments in the world are banning bitcoin, it will be having a hard time to reach the road to adaption. No technology will prosper fully will grow without government backing up. This is the reality.

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[cellard]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

The point of Bitcoin is that it doesn't need to be recognized by anyone and the only regulation is the rules within the code. If it was any other way, it's value would be 0. Thankfully it isn't the case.

I think government recognition is still needed by bitcoin for it to be fully useful in every part of the world. Until most of the governments in the world are banning bitcoin, it will be having a hard time to reach the road to adaption. No technology will prosper fully will grow without government backing up. This is the reality.

But once again, it's deluded to think that all governments are going to support Bitcoin, this is factually impossible at any rate for obvious reasons. Due game theory dynamics, it's always going to be X being friendly while Y being negative and if anything a third option in between.

Also when people here say "government" they don't specify which government. Anyway this is a non-issue as I said before, there's going to governments interested in Bitcoin due its unique properties, not necessarily having to do with how fast it.

[gowobonyok]

those are all things that are most expected to make bitcoin survive and develop better. and also, bitcoin must begin to have economic value and can be used for transactions in everyday life.

[goaldigger]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

If the government supports bitcoin and other cryptocurrency then all the good things will follow.  It should always start from the very core of the country that it should not be banned at first. This follows the entrepreneur who uses it as a mode of payment then our dreams will all be comd true.

[LUCKMCFLY]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

I differ in some statements, such as that bitcoin can not repeat the story, if we see it from the point of view of technical analysis, if it can repeat the story, also according to the Wyckoff philosophy, the market is in the accumulation stage, equal to the What happened in 2014 and lasted until 2017, under which is met: Accumulation Phase, Bullish Tendency Phase and Distribution Phase.

The market is driven by speculators, investors, enthusiasts, strong hands, and not all have a lot of money like strong hands, if they decide to drop or knock down the price they can do it, everything can happen, there is nothing written, and in Crypto volatility can be a double-edged sword.

[Reid]

Official exchanger?
Hmm. That will will be centralized of course.
I dont think there will be one that will be voted by each country to be a global exchange. Simple. They want to have control with it.
They want to know who will be making transactions in and out. Specially when we are talking about large quantities right?
It will be a problem which is difficult to solve. It is like looking for world peace.

[tonyja2017]

We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

[maydna]

We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

We will see a momentum soon, and even the momentum was happening right now as bitcoin price is still on a low price, it will attract more people to come to bitcoin. The exchanger? The government will approve the exchanger, and they will get regulated so that everything will work well in the future. Perhaps, it will not happen in a short time, but I am sure it will happen soon.

The blockchain technology itself still develop and improve to better so it could cover every problem that we might see later so it will be a solver from many problems that we already saw. But as I said before, we only need to wait for the right time before everything will running smooth. Yes, we need to keep support bitcoin from now on.

[mrdeposit]

We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

More people means more opinion. So, the price will increase, but I guess it will be difficult to be like in 2017. in 2017, many people invested money without knowing what it was, and today the situation is very different.

[andriarto]

We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

More people means more opinion. So, the price will increase, but I guess it will be difficult to be like in 2017. in 2017, many people invested money without knowing what it was, and today the situation is very different.

right, now people will think more realistically to see the development of bitcoin. therefore bitcoin can develop like 2017 if there is a lot of big news supporting it. but now I think bitcoin is at its turning point, because social media like whatsapp has facilitated its program with bitcoin, of course this is a good promotion

[Lucius]

~snip~

The history of the bitcoin is repeated, and before you write something like this perhaps it would not be bad to devote a little time to research some facts. Expectations for the vast majority of those who have invested during 2017 & 2018 are completely unrealistic, because they look at things only short-term. When we looking at the history of bitcoin price movement it is very easy to see that today's situation has already existed, with only one difference, and that is the price.

In 2011 price is go down from 29$ to only 2$, and in 2012 from 16$ to 7$. If we look further there was 74% drop in 2013 (259$ -> 68$) and then up to 1100$ in the same year. What we have now is just one more event which has its beginning, duration and ending.

Regarding regulation, exchanges and governments, only thing that is important that exchanges need to become as secure as possible. Some of them do not do enough for that, so governments have to force them in some way to work on that. This can be seen in the example of Japan which has very strict rules when it comes to security, even some will say this is not good thing.

[okala]

My contradiction is that in the cryptocurrency industry we don't have a government regulated exchange at the moment because no country have publicly come out to pledge it support for cryptocurrency because they see it as volatile and not stable for consumption.

[sheenshane]

My contradiction is that in the cryptocurrency industry we don't have a government regulated exchange at the moment because no country have publicly come out to pledge it support for cryptocurrency because they see it as volatile and not stable for consumption.

Really?
There are a lot of factors that affect the economic stability and growth of the bitcoin. There are also so a lot of matters we need to accept and we have to lessen our expectations of it. As of today, Bitcoin is at its bear market condition as the former bitcoin investors were fooled by the Hyip schemes and already thought that bitcoin is a scam because they did not even study it.

In my country, if you ask a person about bitcoin, young or old, different professions, what they will tell you is that bitcoin is an investment scheme and this is very disappointing. It affects the growth of the currency and we have to consider it.

[Oceat]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

If the government supports bitcoin and other cryptocurrency then all the good things will follow.  It should always start from the very core of the country that it should not be banned at first. This follows the entrepreneur who uses it as a mode of payment then our dreams will all be comd true.

The government may control most of us from feeding us with lies but not everyone would swallow those lies.
It doesn't matter if the government banned some cryptocurrency since it is still available worldwide. Besides, there are merchants around the world that would accept every transactions from different location of the country.

[deisik]

If the government supports bitcoin and other cryptocurrency then all the good things will follow.  It should always start from the very core of the country that it should not be banned at first. This follows the entrepreneur who uses it as a mode of payment then our dreams will all be comd true.

The government may control most of us from feeding us with lies but not everyone would swallow those lies.
It doesn't matter if the government banned some cryptocurrency since it is still available worldwide. Besides, there are merchants around the world that would accept every transactions from different location of the country

I strongly second this view

As one wise bro once said (rumored to be Abraham Lincoln), you can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time. The point is that the truth will inevitably become known in due course just like the power of crypto will be revealed to common people in the end (I'm not preaching). So we should skillfully and subtly take advantage of the forces directed against us by the government and turn globalisation (which is one of the ways to enslave folks around the globe) against that government

[Sebas.tian]

We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

Indeed, mass adoption is the key to bitcoin's progress. The more people use it and integrate it into its society, the more it will have its value appreciate. Also, if more people knows it, new money will naturally come into the market and the price will increase at be least susceptible to pump and dump.

[Btchunter3333]

I think we can have a grow if new investors come and bring money on crypto then we will have a massive grow, even more than was in 2017.

[MakeMoneyBtc]

Both arguments you brought are not going to be applied and that's because governments don't really like cryptocurrencies and they don't want to work with them. Also bitcoin users don't want governments to get implicated into cryptocurrencies because this would only complicate things and people couldn't use them anymore freely since regulations will be applied to them.

[kamilah147]

If you care about the price you just need more new people to buy in.  The demand is dropping because people are losing interest in crypto.  The noobs always jump back in when the prices start to skyrocket, very few people want to buy after a massive correction.  I don't think financial institutions will make a big difference either, we already hit 20k without them.

many investors are only investing by looking at the price but investment because with the crypto currency indirectly I learned earlier in knowing the development of the economy by using developments

[lutfi-hasan]

Yes, the current market conditions are very bad, because many Investors make panic sales, so prices continue to fall, but at this time prices are very cheap, and we have to wait for the arrival of the big Pope to buy Bitcoin. And this will happen ahead of next year's Hardfork Bitcoin. I am always optimistic.