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A lot of seasoned and generally respected investors including Warren Buffett and even Jim Rogers have blasted Bitcoin as everything from a scam to a poor store of value. The real question is why do so many veteran and seasoned investors warn about Bitcoin?
We feel that this is misinformed somewhat and could it just be that these older investors simply do not understand the technology and viability of cryptocurrency. As you can see from March to April the lowest moves of the recent past were posted around the 7K mark. To me this looks like a classic sideways trading that eventually breaks out. You can see since April there has been a steady upward trend.
Some indicators claim BTC is currently neither overbought or oversold. It could be people cashing out for fear of wondering when does BTC return back to the 20K mark?
There has been a lot of positive news from around the world that seems to be increasingly towards accepting that BTC is here to stay. Because people can move BTC at will and it cannot be frozen or truly wheres the cryptocurrency sector heading in 2018 bull or bear bitcoin ripple reviewinformation.
I think regulators are finding just as the case is with exchanges, if you put undue pressure on owners of cryptocurrency they will simply just move away to a friendlier jurisdiction. I would imagine they should favor BTC as it is not anonymous and is easily and fully trackable. On that end it puzzles me how on earth anyone would ever use them? Bitcoin can take minutes and even hours to confirm! This is the advantage fiat processing still has.
But, really I think Bitpay should rebrand to use currencies that are actually usable for instantaneous transactions at retail or restaurant. They should be using a currency like Ripple or Lumens which is wheres the cryptocurrency sector heading in 2018 bull or bear bitcoin ripple reviewinformation instant. There are a few currencies that have these properties but any Bitcoin or Ethereum derivative is simply not going to cut it in my opinion. These are people like me, who are crypto enthusiasts but we also value convenience and what works.
Now, for us in IT we and the customer can often wait over night for the transaction to be confirmed, but at a grocery store or restaurant neither the seller or customer would be impressed. First of all, they are doing a fantastic job and understand their market and duties. They cannot step into this job and say anything else and expect to keep it. I get it, Bitcoin is printed without supposed backing, although it is backed by a lot of physical hardware assets and electricity.
Fiat currency, especially the US Dollar is printed and floated without any controls or restrictions. Well, actually, the only control and restriction is that there is none. The Federal Reserve prints at will and on demand, without limitation or backing of any sort, and they have long abandoned the gold standard.
The fact that the Federal Reserve would comment at all on this matter and mention Bitcoin, to me, is very telling that it is very much a possibility. When you have this much money put into something that is being traded worldwide, every second, and such an ecosystem I think it is an excellent contender to the US Dollar and fiat currency in general.
Remember, fiat is backed by nothing as well and printed without any limit. Most cryptocurrencies actually are limited in how many coins can be mined or minted at any rate. This is ultimately the worst nightmare for any central banker with so many competitors, of course your number one priority should be outlawing them and shutting them down.
On that end the Fed is right to do it and is doing their job well. I think both systems can survive and work together, but if fiat pushes it too much, I think there may be a digital currency revolution that far surpassed the digital rights movement of the late 90s and early s that caught the RIAA and MPAA by surprise. PayPal came out and admitted they were forced to close down Wikileaks account, and I am certain the same thing has happened with Coinbase. They have no say in the matter when the US government comes knocking.
Of course users can still directly pay and donate to any wallets that Wikileaks controls. This is where things will heat up if he were to have a centralized currency like Ripple or Stellar Lumens. This comes down to the wider issue of privacy, rights and freedom online and how cryptocurrency can prevent wheres the cryptocurrency sector heading in 2018 bull or bear bitcoin ripple reviewinformation for political reasons.
It also stands to reason that entities based in the US have very little say when the government comes knocking. One of my current favorites are Singapore and Hong Kong in Asia. Hong Kong I place particularly high value on because it has the British based system, yet it is under the protection of China. Hong Kong is less likely to be influenced by a foreign entity than a smaller country like Singapore.
A good example of this is how Edward Snowden miraculously made it out of Hong Kong as a wanted fugitive. Surely, Hong Kong was pressured and asked to hand him over, but somehow it never happened. There are positives here, it looks like some brave entities in Europe have stood up for Wikileaks and at least for now, in France, Germany and Iceland there are some banks, foundations and even a University who are providing him access to the fiat system.
Could it be that there is some pumping going on from Soros, Rothschild and Rockefeller? Or could it be an emotional reaction to their announcements that they will invest in crypto? We are back to where we were later last year. Could this be the next leg up of a bull run? A maker of hardware wallets for cryptocurrency has recently confirmed they will add support for Bitcoin Cash.
I suspect that some will lose their currency or at least have to try to recover it based on confusion over the two. The group also cites the part I agree with, in that so far cryptocurrency prices are mainly driven by Bitcoin which means Altcoins other than Bitcoin have risen and fallen in direct correlation.
Where I am not sure wheres the cryptocurrency sector heading in 2018 bull or bear bitcoin ripple reviewinformation I agree or disagree is their theory that a lot of this is driven by fear in the news.
While I am sure it is, if the fear is unfounded why should bad news reflect on the long-term valuation? A sensible market would be wise to react to say the hacks that have happened to Ethereum or the fact that illegal content has been inserted into the Bitcoin Blockchain. That is bad news that has relevance since these issues potentially threaten the integrity of the entire blockchain.
I am not aware that any other traditional models have successfully called any of the major events in cryptocurrency. I do agree it was time for a significant correction but the same has happened in commodities and stocks before, yet the stock markets keep moving albeit with a lot of money printing and manipulation-is that what regulators mean by regulation for cryptocurrency?
Only time will tell where things head but I do think that currencies that are efficient, secure and easy to use will stand the test of time which admittedly are very few and I cannot think of a single one that solves all of the issues just yet. I would expect like with any stock that there will be a digestion period or a pullback.
Am I worried yet? There will always be a country where it is legal and exchangeable. If a blanket ban happens people will start trading directly with Bitcoin for other goods. I know the news is in full panic mode and for partially good reason. Not only has the market shrunk and fallen but it appears new investors are staying out. The average investor in my opinion is still on the sidelines and they will be until things become more clear.
In all fairness it takes time but my appetite for ICO and tokens is saturated. This is because those tokens are just an investment in what is often a bad idea or an idea that will never be executed or completed as advertised.
Wheres the cryptocurrency sector heading in 2018 bull or bear bitcoin ripple reviewinformation for your tokens, I say it is time to panic and rightfully so. From that perspective I think cryptocurrency is here, so there is demand, and it will continue to grow and be more popular.
The stock market has had far worse happen to it and recovered however as a fan of Jim Rogers I do believe this next crash that Wall Street is due for may never recover or not for wheres the cryptocurrency sector heading in 2018 bull or bear bitcoin ripple reviewinformation long time. Much like cryptocurrencies, we see the market on Wall Street can be artificially manipulated up or down. I believe the same players are using these tactics in cryptocurrency, such as similar stock market scandals where the elite and wealthy trick people into selling short while they buy it all and sell high later on.
I am long on cryptocurrencies which involve and have a minimum bureaucracy that just get things done. If there is really an ideological split then the team who disagrees should start their own currency from scratch.
In reality though we just need teams around that know business, IT and security rather than expert marketers and sales people. I think the industry will naturally head in that direction inevitably as a result of both regulation and genuine issues with the way things are done now.
For one, as a business it is still hard to integrate cryptocurrency and insecure more on that in another article but the wheres the cryptocurrency sector heading in 2018 bull or bear bitcoin ripple reviewinformation will come. If the community does it, then the majority will benefit but if a government, bank or other large corporate entity does it, it will not benefit us.
Skip to content A lot of seasoned and generally respected investors including Warren Buffett and even Jim Rogers have blasted Bitcoin as everything from a scam to a poor store of value.
Ethereum, Ripple, Litecoin to me are key indicators of something big possibly heading our way. Page 1 Page 2 Page 3 Next page.
