2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.
I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.
The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.
There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.
Let's support Bitcoin...
The point of Bitcoin is that it doesn't need to be recognized by anyone and the only regulation is the rules within the code. If it was any other way, it's value would be 0. Thankfully it isn't the case.
I think government recognition is still needed by bitcoin for it to be fully useful in every part of the world. Until most of the governments in the world are banning bitcoin, it will be having a hard time to reach the road to adaption. No technology will prosper fully will grow without government backing up. This is the reality.