Why Bitcoin will Always Rise!. No matter what..rumors abound still Bitcoin will never sink. Too many strong Pillars holding it right now!
The latest China Ban On ICOs and Cryptocurrency Exchanges has bolstered the strength of Bitcoin. In response to the ban Bitcoin crashed but as a boon in disguise Bitcoin found itself released from the clutches and impact of Chinese Dominance in the crypto currency market only to bounce back and breathe a sigh of relief in the market.
Once, it touched the support around $3000 Bitcoin found its unparalleled strength to bounce back. It is this strength of Bitcoin which has been BOTHERING Wall Street Big Wigs like Jamie Dimon of JP Morgan. Every now and then statements have been coming out to undermine the strength of Bitcoin.
Subsequent to this bounce back Kim Dotcom tweeted this.
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And this statement seemingly seems to agree with Charlie Lee, the creator of Litecoin's view who stated:
"This is a good thing. China can no longer play with the markets by banning Bitcoin. Crypto-currency cannot be killed by any country".
Now lets go back to my opening statement where I mentioned about the strong pillars supporting & imparting strength to Bitcoin. So what are these Pillars?
All Pillars which work in parallel to make it (Bitcoins success) a success for their very own sake. When vested interests hold such pillars, the only direction Bitcoin can go is UP.
Few arguments, which I list below can undoubtedly support my hypothesis on these so called Virtual but very strong Pillars.
=> Paypal Founders are investing money into crypto payment systems
=> Mighty Amazon is considering to soon start accepting cryptos as payment. They might just do it before another big retailer goes for it. If that happens it could just trigger huge price moves in the direction of Mother of all cryptocoins- BITCOIN and at the same time push the prices of other major cryptos.
=> Royal Mint ( responsible for issuing UKs money) is considering a move towards its own crypto trading platform to sell their very own product: ROYAL MINT DIGITAL GOLD
=> Russia considering to legalize crypto currencies
=> Dutch Bank ABN-AMRO considering creating its own cryptocurrency wallet
=> Investors looking to divert money into cryptos to keep it away from the prying eyes of authoritarian governments ( A very big support which would help cryptos to survive the hardest of all hardships & rumors). Investors seem to move towards cryptos with increase in financial controls.
=> Lower Transaction costs & ever reducing transaction times
Remember this, when Paypal was launched it faced the same hardships, criticism and rumours but it managed to sail through. So will the major crypto currencies. Just worry on filtering the cream from the junk crypto currencies. Then just invest and reap the rewards.
Don’t just sit there. Do something life changing. Invest into Cryptos!
Don't say you weren't nudged to act upon this very lucrative Buy In Opportunity For BITCOIN!