Bitcoin Prices Will Recover
The first thing the buyer needs to know about the cryptography market is that you can not be easily frightened. It is not an industry of light. If you are a true believer in the promise of criptocurrencies, or you are more for the speculative bet that the stocks of Bitcoin and ETH are on the rise, the market is conducive to volatility and rapid changes in wealth. The recent Chinese blockade of the initial currency offer (ICO) caused the prices to drop and brought Bitcoin prices from around $ 5,000 to just over $ 3,200. But, as we have seen again and again, BTC is difficult.
In spite of the cryptographs, which suffer from some spells of evil from time to time, they have shown that they can recover themselves and often. From Bitcoin (BTC) and Ethereum (ETH) to all other available exchanges, the industry has proven that it can not be slowed down and can not be closed.
As for Bitcoin prices and the Bitcoin price chart, the $ 5,000 drop is obviously not something that enthusiasts would like to see. But I believe this, unless there are more unexpected and unexpected news, the BTC could easily reach $ 4,500 in 2018 and probably reach $ 5,000 by the end of the year.
This does not mean that I am not concerned about the ICO block in China. Bitcoin China comes and remains a very tricky game that industry and government play. What happens is that we all know why China does not like the idea that cryptokurren come to its limits. The state must maintain its wealth in China, as the numerous provisions on money transfers and currency conversions prove. Cryptocurrences threaten this goal. The ICO's response from China is therefore not shocking.
However, the market is a huge success, as the isolation of more than one million potential buyers of ICO is not good for companies. But you have to look at that in a long vision of the game.
If crypt competitions continue to gain in importance on the world stage, China will eventually be compelled to commit them in one way or another. If you believe in the long-term rates of Bitcoin, it is sensible to think that China must change its position or suffer its economy. A shift towards the Korean ICOs could also help move the Chinese towards change.
This leaves me doubly optimistic about bitcoin prices, both in the short term as well as in the future. The short-term goal is his career of US $ 5,000, while the long-term perspective implies a more general shift towards the acceptance of governments around the world.