Bitcoin – At the Crossroads of the Future

Posted by hgsba on August 13, 2018

The Predictions

As people across the world increase their awareness about the crypto-currency revolution, investment experts are lining up to express their viewpoints. In recent weeks, the pro-crypto forecasters are forecasting numbers that defy the law of gravity. It’s not uncommon to see a prognosticator on TV explaining why consider Bitcoin is destined going to anywhere between $250, 1000 and $500, 000 every coin within the next two years. At 250 usd, 000, the coin would need to increase more that 6000% from it’s current levels. The numbers are remarkable.¬†exchange bitcoin

On the other part of the fence, we find the naysayers. There are numerous well-respected financial analyst who aren’t afraid to advise people about the investment bubble. Some even acknowledge that crypto-currencies might still have some play remaining in them, but faster or later, the bubble is going to burst open, and people will get hurt. To drive home their point, they only have to reflect on the IPO bubble of 2001.¬†

The Technical Obstacles

The crypto-currency revolution is still in its beginnings. As such, most money, Bitcoin included, are trading without historical indicators to help investors. It is just a free market in the most natural form. Unfortunately, free market trading is prone to impact from all directions. In it lies the rub for crypto-currency investors. With no history to fall again on, investors have to make decisions based on their gut.

The obstructions that complicate the decision-making process for Bitcoin buyers are plenty. The lieu is usually susceptible to the technical areas of trading. The exponential embrace price is being driven by high demand and scarce product. Still, investors get just a little antsy when the price increases too much, too fast. Then we see the typical correction that comes when an investment becomes over bought. The problem is these calamit√© are proving to be harsh, which tests the mettle of investors who aren’t used to such high levels of movements.

Setting technical analysis away, technology issues are also driving the market today. There’s no denying that the crypto-currency market has already established its issues. After saying block-chain technology to be the securest approach to disseminating information, there are holes that are being exposed almost daily. The bugs can get worked away as this kind of technology seems destined for prime time. Unfortunately, Bitcoin has block-chain technology within microscope right now.

Regardless of how secure any system may claim to be, cyber criminals will definitely expose the weak points in a rush. The crypto-currency industry was already besieged by cyber-terrorist, who may have stolen billions of dollars in Bitcoin and other crypto-coins. Losing money to hackers helps make traders a little jittery. Participating in also makes for a lot of litigation from those harmed by technology that might not exactly yet be a secure as promised.

The Fundamental Hurdles

There’s a well used adage: When school educators and janitors start making millions from investing, prices will crash because we need school-teachers and janitors. The truth is government authorities get nervous when the residents start losing money or making lots of money without paying fees. It’s no coincidence that India and South Korea are among the most active countries on the crypto-currency exchanges, yet both governments are thinking about banning the trading coming from all cryptos. The US, potentially the planet’s biggest Bitcoin player, is working in Congress to determine how to regulate the crypto-currency market. They have already banned several exchanges for possible fraudulent activity. China is discussing an outright ban while The european union seems poised to follow America’s lead.

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