After a week of plummeting, Bitcoin has finally started to bounce back. Bans, restrictions and the shut down of more Exchanges have made things very rocky in the Bitcoin community. Being an avid trader and very in tune with the latest news on where our markets are going, I feel Bitcoin will be ok in the end, but also feel there is no real projected price. Predictions will always fill the media and will cause fluctuations in price, but is there any real proof of the coin ever going over the 100K or 200K mark.
What are your thoughts
Top Three reasons Bitcoin crashed in the last month
Facebook bans any and all ADS involving Bitcoin and shuts down posts related to the Crypto Giant
India's Ban scare - India has not actually Banned Bitcoin, but has put in some really strict sanctions regarding the trading of the coin through their payment system...AKA Economy
Huge crackdowns in trading in both South Korea and China
These are just a few of the reasons why Bitcoin has taken such a hard hit.
Still Optomistic about future
After the smoke has cleared and it seems trading levels might be getting back to normal, there are still major skeptics who believe the Crypto Giant is dead. On the other hand you have major investors and professional analysts, who believe that Bitcoin is far from done. In fact they feel Bitcoin will not only rebound, but shoot way higher than any expectations, some saying the 200K mark.
I believe in the stability and strength of Bitcoin, but do you think it is dead, dying or is only beginning
comment below with your thoughts