Please provide feedback where you disagree but also please let me know where you agree
Cons
Tethering subpenoa by US government
US banks boycotting bankers ability to purchase bitcoin
Facebook banning adds
Recent news about scammers
Cons Summary: Bitcoin has been made harder to purchase and potential users are less secure in their purchase.
Facebook had banned ads related to cryptocurrencies becuase of the continuous scams that were ongoing in the crypto market. This should be taken positively because it will eliminate fraudlent ICOs and will increase the opportunity of potential ICOs to be more successful.
Pros
Bitcoins history to bounce back
At its core the value that is provided by bitcoin as a service has not been devalued.
Despite negative news bitcoin has held positive hype and faith from its community.
Agree with the Pros since they are true. Bitcoin does have the ability to recover from any crash/crisis .
Unanswerable questions:
What is bitcoins actual value minus any hype and with all future regulations added?
How far down is bitcoin going to go? (guess 2-5k)
How far back up is going going to go in a 5 year time span (guess 50k)
1.We can answer your first question since t requires the knowledge of future regulations which can only be known when the time arrives.
2.Bitcoin can go as low as $2k - $4k because last year the price pumped around $2k and kept on increasing until the dump from $19k occured. So according to my calculations the real price should be anywhere near $2k - $4k .
3.I believe the price might reach $100k in the next 5 years if the rate of growth is the same as last year. If the growth rate is average then price could be anywhere near to $40k - $50k .
P.S: All the speculations are based on experience and doesn't guarantee anything.