We all have seen the negative news around Bitcoin and cryptocurrency in general. Subpoenas, lawsuits, class actions, hacks, scams etc. All of these in some way or another caused the market to bubble and other which caused to crash or should I say stabilise.
I understand the whole point of the cryptocurrency is decentralised however a bit of regulation and control is good for all of us since we get to have our investments safer. There is no way crypto currency is going to stay un-taxable for ever, transactions will be much simple and much secure, however we are still going to have to pay taxes and if we really want to make it a medium of exchange it means the government is going to need to start using it and that is when we make the real money. This is why stabilisation is a great thing.
With all the law suits out there and all the scams regulators will be able to protect our investments more and the value of crypto will rise because it will be a real business. The idea is to make transactions faster, private and decentralised, that doesn't mean regulators can not make sure the people who trade with our money are not scammers.
I believe crypto prices are going to continue to fall until exchanges are more trusted and easier to access. It is an opportunity for all of us to buy the AAA cryptos, hold them and wait for the market to naturally evolve into a real business profitable machine.
For now my opinion is hold what you have and wait a a month or two for all cryptocurrencies to begin to stabilise at more accesible prices, and then expect a boom at the end of the year a bit high of what they where at then end of 2017. Its an opportunity like no other, however wait a bit more and let it crash to its lowest point!
On my next post I will give my predictions for the next two months and also what I think they will close at the end of the year. My friends and I use a scientific pattern that has been used to measure the ups and downs of new industries, the total adaptation period and what we can expect for the next 2 years. All based on past real data.
The best to all my followers- lots of good vibes and positiveness!
Remember my posts are opinion only and I don't hold a crystal ball, but I do hold experience!