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!
Government in my country still don't make any regulations for bitcoin, although bitcoin is not banned but isn't accepted yet. It seems that government in my country still considering to accept bitcoin but in the right regulations.