Bitcoin is Banned in some countries or there are restriction on trading, mining and converting bitcoin into local currency! Will this hamper bitcoin's growth? Also there is an erratic increase and decrease in Bitcoin price! I know its not regulated but why is it that the increase and decrease in prices is too high or too low? Are Altcoins better than Bitcoins or Bitcoin will still be number one since its the pioneer in cryptocurrencies that uses blockchain technology?
I'm a bit concern with this because our local government seems to be looking into bitcoin as well and might try to regulate it in our country!
The government in many countries think that bitcoin is a threat for them since it's decentralized and they can't control it that's why they banned it, instead of banning it seems like they're trying to regulate bitcoin in order to collect taxes from it, which is a good way.
The price is skyrocket i think it's normal due to the demand is greater than supply then the price increases. About bitcoin vs altcoin? everyone has their own opinion regarding this topic, i personally see that bitcoin is good as an investment tool, but as currency, i'm not sure there are so many altcoins which lowest fee and faster confirmation than bitcoin.