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.
Of course having governments on your side makes it a smooth ride compared to having them trying to destroy you 24/7, but due game theory this will always be the case. Some governments will benefit from being Bitcoin friendly and others will benefit from trying to get rid of it. In my book the net result is that Bitcoin friendly governments will benefit the most long term since the rich bitcoiners will pay taxes there to buy properties specially in 10 years when current holders are rich as f*ck. Also govs themselves will benefit by having Bitcoin reserves.
I agree. Here in my country local exchanges are regulated by the central bank and that is where government and Bitcoin enthusiasts benefit. This is actually an advantage to both government and enthusiasts unlike any other countries that prohibit the activities related to cryptocurrency. I know that Bitcoin will still be great in the future due to increasing adoption and support from the people whether they get in because of investment or as currency.