Prediction
When people around the world increase their awareness of the Crypto-currency revolution, investment experts march to express their opinions. In recent weeks, Pro-Crypto’s forecasters predict numbers that oppose gravity. Not infrequently see the prognosticator on TV which explains why they believe Bitcoin is destined to hit between $ 250,000 and $ 500,000 per coin in the next two years. At $ 500,000, coins must increase more than 6000% of the current level. The numbers are confusing.
On the other side of the fence, we found opponents. There are many respected financial analysts who are not afraid to warn people about investment bubbles. Some even recognize that crypto currency may still have some games left in it, but sooner or later, bubbles will explode, and people will get hurt. To go home their points, they only need to reflect the 2001 IPO bubble.
Technical obstacles.
The Crypto-currency revolution is still in growth. Thus, most coins, including Bitcoin, are traded without historical indicators to help investors. This is the purest free market. Unfortunately, free market trade is vulnerable to the influence of all directions. That’s where it is located to rub the Crypto-currency investor. Without a history of falling back, investors must make decisions based on their intestines.
Obstacles that make it difficult for the decision-making process for Bitcoin investors a lot. Coins are always vulnerable to the technical aspects of trade. Exponential price increases are driven by high demand and rare products. However, investors get a little nervous when the price is too much, too fast. Then we see a typical correction that arises when the investment is purchased. The problem is this correction is proven loud, which examines the courage of investors who are not familiar with the high level of volatility.
In addition to establishing technical analysis, technology problems also encourage the market today. It is undeniably that the Crypto-currency market has had the problem. After proclaiming block chain technology into a securest approach to disseminate information, there is a hole revealed almost every day. Bugs will be done as such technology seems destined for prime time. Unfortunately, Bitcoin has block chain technology under the current microscope.
No matter how safe any system can claim, the hacker will definitely expose the weakness in a hurry. The Crypto-Currency industry has been surrounded by hackers, who have stolen billions of dollars in Bitcoin and other Crypto-coins. Losing money to hackers tends to make investors a little nervous. It also makes a lot of litigation of those who are harmed by technology that might not be safe as promised.
Fundamental obstacle
There is an old saying: When school teachers and janitors begin to make millions of investments, prices will break down because we need school teachers and janitors. The truth is the government becomes nervous when residents begin to lose money or make a lot of money without paying taxes. It is no coincidence that India and South Korea are one of the most active countries in Crypto’s currency exchange, but the two governments consider prohibiting the trade of all Crypto. The US, potentially the largest Bitcoin player in the world, works at Congress to decide how to set the Crypto-currency market. They have banned several exchanges for the possibility of fraud. China is discussing a direct ban while Europe seems to be ready to follow American superiority.
If Bitcoin or other Crypto candidates aspiring to become an international currency for daily payments, success will be based on the world’s largest economy that joins the parade. Unfortunately, the main player (mentioned above) seems to move in the other direction.
