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!
Leave the government alone. They are bullshit. They always try to get hold of everything. They want to control everything. And now that Bitcoin is getting stronger even without their participation, they are trying to discredit it by having it banned. The government is getting really absurd these days. This is not something about Bitcoin or altcoins. This is something about a greedy and authoritarian governments. Their actions will just make Bitcoin stronger in the long run.