Many still wonder how bitcoin will fare as its there is so much uncertainty linger on the hand of fate. Following the ban of ICO by China Government, there is panic emerge and sea of reds can be seen in the chart. For those believing the future of crypto coins, all these are just the inevitable adjustment and will balance out in the long term. Here are the positive notes:
1.) There are still countries that moving to legalize bitcoin. Japan is the first to do it and there are actually a lot of countries that approved the legality of bitcoin.
Sees:
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
https://www.ft.com/content/4cd5cc3c-8309-11e7-a4ce-15b2513cb3ff
https://www.coindesk.com/vietnam-preparing-legally-recognize-bitcoin-2018/
2.) Based on the announcement made by China, they are banning ICOs and not bitcoin. It is obvious why there is a need for this move as there are too many low quality/scam ICOs happening around and to be honest, this will help the development of Crypto Coins in the long term.
3.) The blockchain technology has been widely recognized for its secured timestamp design. It will bring revolution especially in the financial sectors. It may occurs to some that maybe the big company like Microsoft or Google can create their own blockchain, but in reality, it is not possible as the key concept of blockchain is the collective agreement which prevent data tampering. You can read more here for more understanding of blockchain: https://www.computerworld.com.au/article/606253/understanding-blockchain-hype-why-much-it-nothing-more-than-snake-oil-spin/.
This will be all and may the meow be with you.
