Martinsx

At least for now, Bitcoin isn't going up anything soon. With the way it's behaving, I'm not sure if it's going to stop dropping because it keeps dropping on daily basis. There is definitely something causing this drop.

If you have the money to invest in Bitcoin at the moment, I'm sure it's a good idea because with the price of Bitcoin dropped off at $3k plus, it is a good deal and hopefully the price would stop dropping and appreciate.

Exactly! Who doesn't want to make money on both short term and long term basis? I'm among such persons as well but the difference between them and myself is that I'm very sure and careful before I invest my money on anything.

The government might not be directly involved with Bitcoin situation but it's very possible that they are indirectly involved and responsible for what it happening at this moment.

It's a 50/50 thing in my opinion. It's been a long time since we saw the price of Bitcoin rise up to 10k USD. Anyways, the current constant drop in the cryptocurrency is only of good advantage to those who want to invest newly.

Hopefully, we still look up to the possibility of the cryptocurrency riding back up to the peak of what we used to know it of when it comes to price. But at least for now, Bitcoin has fully disappointed a lot of people with myself included.

Investment aren't the best made with emotions because on the long run, our emotions would make us to make the wrong decision based on the wrong impulse. It's better to make any business investment decisions based on facts.

Cryptocurrency is getting so unstable lately and I'm sure that the government and other trends going on all over the world have something to do with the phasing of the price of Bitcoin especially.

It's very obvious that people are actually losing their interest in trying to mine cryptocurrency lately because the constant drop in the digital currency is making it look worrying.

Well, from what Bitcoin have done over the past years since it was launched in 2009, whenever it falls, it still manages to climb back up. So, if you have the money to invest in Bitcoin at the moment, I think that it's a good idea.

Nobody can predict 100% the movement of any cryptocurrency. You can only say that it's stable at a particular moment but it all change within the blink of an eye.

Looking at how the volatility of cryptocurrency have affected the price of Bitcoin recently by pushing it to nosedive down to $3,872 per BTC, are you already disappointed with Bitcoin or still hopeful on it?

Who knows how long it's going to take before other parts of the world would accept and approve the use of cryptocurrencies for transaction purposes. In my opinion, it would be the earlier the better for everybody.

From my experience with bitcoin and other cryptocurrencies, one can never be 100% correct with predicting how the market would be like. Any slight thing would tip the balance of the cryptocurrency.

If I have a spare $100, 000, it's very possible that I'm going to invest in Bitcoin because once it's volatility strikes once more, it's definitely going to pass the $6,000 worth for a Bitcoin at the moment. Imagine the profit from buying $6000 and selling it at $10,000?

There has been a lot of business transactions carried out and completed with the use of Bitcoin. It's in fact the most accepted cryptocurrency in the world today. If you have Bitcoin, it can be sold easily.

Nothing is without risk. Every business investment in the world today comes with risks and if you make the good investment, you are definitely going to gain but if you make the wrong decision, you will end up losing.

Maybe when most of the countries that its government are against the use of Bitcoin and other cryptocurrencies accept and approve it, then the price would go up.

I don't think it would ever get back to $20k so quick. It's been on $6 for a while now and it's most likely going to remain on it till further notice.

Actually, I'm in support of cashless policy because it helps to stop money laundry and stop these bad politicians in my country to stop stealing the nation's money for themselves alone.

If other countries can emulate the footsteps of US, then I believe that cryptocurrency would be a general currency used in all of the countries. Who knows it may still come to pass and we may get the chance to invest more and use it for several transactions.

Exactly! Without being observant about the cryptocurrency exchange market, it's most likely possible for you to lose your money invested in the digital currency. The volatility of cryptocurrencies makes it easier to gain and a lot more easier to lose if you are not careful. But in all, being cautious with how you invest goes a long way in determining what you lose or gain.

As long as the government is not in support of any kind of cryptocurrencies, there is no any banking establishment in the country would trade with Bitcoin. If they do so, they are on their own should any case crop up from it. No matter how much the people might ask for it, they wouldn't give in without government approval.

From the price chart is going at the moment, the price of Bitcoin appears to be adding $100 plus and also reducing $100 plus at the same time. Yesterday, the price was at $6,400 plus and today it's at $6,500 plus. Tomorrow, it might drop to $6,400 plus once more.

I'm very sure that the price went below $5000 because I know a few people who took the opportunity to invest that moment. But it didn't last long and it went right back up to $5000 and then to $6000. It's firm at $6000 plus at the moment and I'm sure that it wouldn't drop below it anytime sooner.