We have big problems guys. oil for the first time in history went to minus values. One of the reasons for this situation is the lack of demand for current consumption volumes. what do you think will happen to the economies? what will happen to oil, given that the situation will not change? And from here the main question is whether Bitcoin will be in demand, if only as a means of preservation if oil does not recover over a long period. All possible patterns are welcome.

Bitcoin’s main problem in its associations with the black market and rejection by the majority

I don’t notice problems with speed, cost of transactions, and even more so with BTC recognition - almost all my friends know what it is, some use it, others don’t.

Yes, the competition is really big right now. As you correctly mentioned, probably the main problem of Bitcoin is that the number of users will be almost at the same level ... but how to solve it?

you know there are many fast blockchains that transmit money quickly. If you can withdraw small amounts within a shorter period of  time with a small commission through another crypto, then why use bitcoin for larger amounts, paying a larger commission, and still have to wait half an hour?

Are regulations and laws possible at all when it comes to cryptocurrencies? Indeed, for every law, there must be its observance and control, and in bitcoin, this control is almost impossible. Of course, you can assign an address to any citizen, but this will not prevent a citizen from opening another hundred addresses and wallets. Therefore, with all the desire for regulation, it simply may not exist. The only thing is for those who themselves will go to submit documents for ownership of the bitcoin address;)

I think even despite possible competition from Facebook, Bitcoin will continue to grow in price and develop as a technology.

I thought the entire beauty of bitcoin is that it was supposed to be free of governmental intrudence

Facebook's initiative to develop its cryptocurrency is one of the reasons why institutional investors enter the digital money market. The possible launch of Libra pushed governments to regulate the blockchain industry, which makes investing in crypto assets more secure.

such as XRP?

If you decide to invest in cryptocurrency, you should buy Bitcoin, because it is likely that it will be the only one to survive survive. altcoins can significantly fall in price

there is a risk that the collapse in the digital asset market may recur. This is likely to happen if the S&P 500 index does not overcome the indicated resistance and returns to a fall, as experts predict.

during previous crises the S&P 500 bounced by 15-25% and then returned to a downtrend. If the index now demonstrates the same trend, it will go into a phase of falling from a mark of 2960 points.