Bitcoin’s booming and slumping

[Holladayo]

Since May this year, Bitcoin, which continued to be "fever" last year, has no intention of degrading, and its attention has continued to lead the cryptocurrency market. Especially after the price of each coin reached a high level of US $62000 and tested its bottom line until it was about to fall below US $30000, the European Central Bank, the US Federal Reserve, the People's Bank of China, the Bank of Canada or the financial department successively issued policies, and the arguments about Bitcoin also changed from the general exploratory warning statement to the strict words of strengthening supervision, even to the public taxation , and close the mines which the former "depend on them for a living".



As if in agreement, the world's central banks have taken turns to warn Bitcoin, that it was in a state of "besieging". But even so, the so-called “three SINS” of Bitcoin, central banks still can't bear to step on the accelerator of "Bitcoin elimination plan".



"Booming and Slumping" is the inherent property of cryptocurrencies such as Bitcoin. But today, the situation is different: global hot money is particularly restless, and digital currencies are accelerating occasionally. As a result of the stress reaction, central banks, which turned a blind eye to the development of cryptocurrency a few years ago, have changed their attitude, tightened their supervision and accelerated it.



The European Central Bank, which has always been very concerned about risk, has been aware of it earlier. At the beginning of this year, President of European Central Bank, Lagarde took the lead in calling for global regulation of Bitcoin. He said that Bitcoin is a highly speculative asset and promotes money laundering. Any relevant financial loopholes must be filled and should be carried out in the world.

 

[btaliat]

The blooming and slumping of bitcoins explain better its volatility. This is not an issue to he bothered with. Smart traders have used this volatility opportunity to enrich themselves by buying more coins during the dip moments and sell off the coin when there is bullish market. Now is the time to invest heavily on bitcoins because there may be heavy bullish market this year

 

[Sotherefore]

When important world leaders try to call cryptocurrency a scam This may lead do a serious effect on the price of all cryptocurrency but the act in which cryptocurrency goes up and down is a sure sign that the volatility of the currency is still in good condition because obviously when a cryptocurrency is stable such cryptocurrency will never be profitable to investors but can only be profitable to people who are only interested to maintain the value of their local currency , This is always to save their assets from depreciation
..

I am a cryptocurrency investors and my main points of concentration are always on the type of cryptocurrencies with high volatility because those are what can bring progress and success to investors.. for now I don't really have interest to invest in BTC because there are other little coin which may have the possibility of becoming more profitable than BTC investment, But when investing in any coin I always consider BTC because it is the only coin that have the ability to affect all other cryptocurrency , when the price of Bitcoin drop it will surely affect all other cryptocurrency. ... The reason might be because bitcoins was the only first cryptocurrency in existence.