After a severe down spiral early this year, Bitcoin price is now slowly pulling back to almost $10,000. There are many investors who have lost so much on Bitcoin trade. Despite the unpredictable market changes, there are so many people who still believe that bitcoin is here to stay. Bitcoin being the pioneer cryptocurrency, it will be hard to replace. Studies have proved that bitcoin is the most common and the most dominant of all the digital currencies. Although etherium is also doing well in the block-trade, most people are familiar with bitcoin. What do the market trends suggest for the bitcoin's future? Well, bitcoin is set to stabilize after a much loss in the last few months. Critics maintain that there could be a puppeteer influencing the bitcoin prices to his/her advantage. Nevertheless, trade trends have confirmed that bitcoin is the number one digital currency adopted by most traders around the world. However, JP Morgan is still to blame for price manipulation. Over the years, JP Morgan's sole strategy to wealth and dominance has been through manipulation of prices, governments and mega financial institutions.
One good thing about the current low prices is that it is seen to be more stable. Stable price will attract more investors and will make the currency to be more dominant. As much as we predict competition from @steemit and Etherium, we must remember that bitcoin was here before all of them and will remain after all of them have failed. I am a strong believer in bitcoin but an ardent steemit blogger.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!