Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?
I am confident in Bitcoin because of one interesting thing around: Countries institutions and people are thinking to accept or reject bitcoin at the first place, usually they even not considering alternative cryptocurrencies to go with.
This still a long debate about acceptance a lots of government bodies ain't convince about this alternative crypto currencies, they are doubting about the existence even there's already a lots of people who's investing and holding this coin, the industry needs to have more and more exposures in order to make this chain become a huge platform for payments process.