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RE: Bitcoin Update: What do the experts say about the cryptocurrency?

in #bitcoin • 7 years ago

The bitcoin and other cryptocurrency graphs are definitely crazy "vertical". The last week also shows that even with all the crypto currencies out there, there is no safe haven cryptocurrency to hide into. When the whales and funds trade, violatitity is very high.

7 years ago in #bitcoin by
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     7 years ago 

    The volatility is high, but EMA 50 over 3-6 month shows constant exponential growth because of wider adoption.
    Price development:
    Negative factors:

    • FUD
    • Regulations (positive + negative), ban

    Positive factors:

    • zero or negative interest rate
    • shrinking trust in governments and institutions esp central banks
    • cash control/ban
    • quantitative easing
    • waste of tax money
    • bail in
    • next financial crisis
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     7 years ago (edited)

    I'm not sure if anyone has done research into Lightning network which is looking promising makeing Bitcoin super viable option hence if it works all those pros will look silly. However government n other bans are still big risks imo and wider adoption is needed.

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