Here is what I see each time the government tries to stop or control bitcoin-


https://i.imgur.com/rFzTXc3.jpg



Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries.

I saw an article that says Ethereum will drop down to $50.00 because of the current situation.

Here’s my answer:

There’s no way Ethereum will drop down to $50.00 as per usefulness of its blockchain. Ethereum is just experiencing ups and downs and its normal not only ETH is dropping its price but also Bitcoin and other top cryptocurrencies.

Some experts are predicting ETH to reach $1000 before 2018 will end. I believed in ETH Technology, this dropping down is temporary because the demand of the technology is there and its for long term demand.

So the best thing to do is not investing in the crypto, but investing in the technology. If you invest in technology to make a better world you will definitely be happier.

I highly believed in Ethereum Technology!

Bitcoin’s price is notoriously volatile. Over the years, we’ve witnessed huge swings (both up and down) in the span of days, hours and even minutes. But what causes this? Is Bitcoin itself just a bit fickle?

Sparkle

We know that the more volatile the price of an investment is, the more risk you take on by putting your money in it (and the higher returns you potentially stand to gain).

This is no different for Bitcoin.

Over time, we’re seeing Bitcoin’s price becoming far less volatile. On average, the daily volatility rate (how much the price changes per day) has been mostly under 5% since 2015. The market is still relatively small, so this is a considerably reasonable rate; and not that variant to gold and most major currencies (which have far larger, more mature markets).

Let’s delve into the factors that contribute to these price swings:

Bitcoin is still a new technology
Bitcoin is relatively young, having only been around since 2009.
By contrast, the internet has been around since the early 1960s, space travel since 1957 and artificial intelligence since 1956. It takes time for a new technology to evolve and find its place in our lives.

New technologies go through what is known as the hype cycle.

At first, few people know about it or use it. Then, it gradually gains mainstream awareness and suddenly everyone is talking about it. Outlandish claims are made, exaggerations abound and the level of hype becomes ridiculous.

Then reality sets in and the hype calms down. But behind the scenes, the technology continues to improve and becomes a productive part of our lives.

Unlike many new technologies, we have an obvious public sign of where Bitcoin is in the hype cycle: its price. Although the cycle is normal, it’s visible which makes us more aware of the volatility. Bitcoin is both a new technology and an investment. Investing in Bitcoin is a positive nod to the technology, but it’s still early days.

Bitcoin is still going through that cycle as we all figure out its purpose and how it will add value to our lives. Whatever the price charts say, companies like Luno are working behind the scenes to help its adoption and ensure it matters in the long run.

Bitcoin was illiquid until recently
There’s only 21 million Bitcoin available and not all have been mined yet.
Much of the available Bitcoin is held by a few people. It’s estimated that 4% own 95% of the available Bitcoin and 1% own half. The result is limited liquidity.

Liquidity refers to how easy it is to buy or sell something, without changing its price.

When there’s not much liquidity, that means only a few people are willing to sell or a few are willing to buy. This was the case for cryptocurrencies in the past.

Many of the largest Bitcoin holders were unwilling to sell under any circumstances. So if someone tried to buy a lot of Bitcoin at once, there wouldn’t be enough available. This would push the price up until more people sold.

The same happens in reverse. If a lot of people decide they want to sell their Bitcoin at the same time, there might not be enough buyers. Prices might then drop, until the lower price attracts more buyers.

Once again, that’s changing. More people than ever are buying and selling Bitcoin, so there’s more liquidity in the market. This helps to even out prices.

Investing can be emotional
It’s appropriate to suggest that ‘emotions’ shouldn’t be part of the equation when it comes to investing. This, however, isn’t always the case.
When the price of Bitcoin drops, investors tend to experience what has come to be known as FUD: fear, uncertainty and doubt.

They fear the price will keep dropping. They are uncertain if it will ever increase again. They doubt themselves for investing in the first place. So then they sell their Bitcoin. Often, this wasn’t triggered by a real change in Bitcoin’s value, just by rumours or randomness. Price changes are a normal part of any market.

Similarly, when the price of Bitcoin increases, people experience FOMO: fear of missing out. They fear missing out on a chance to get rich and they expect the price to continue increasing. So they start buying Bitcoin, increasing the demand and increasing the price. This enhances natural fluctuations.

One way to think of this is to imagine you are buying a new laptop. You’ve had your eye on one costing $1000 for a while but you’re hoping it will go on sale.

If the price gets reduced to $600, you immediately buy it. But that’s not how we always act with investments. Our FOMO might make us buy the laptop when it’s more expensive because we think we might be able to sell it for more. Our FUD might make us sell it when the price is lower because we think it might get even lower.

Bitcoin price is sensitive to the news
Buy the rumour, sell the news.
Much like investments in traditional stocks, or foreign currencies, Bitcoin’s price can be affected by the news.

Common news items that affect the price include:

Articles about new regulation or action from banks and governments (e.g. SEC’s decision on the Bitcoin ETF, China Bitcoin ban)
Statements from well-known figures in tech and investment (e.g. Jamie Dimon, John McAfee)
News of hacks or security breaches
Rumours and incorrect information
These are just a few of the factors affecting the price swings of cryptocurrencies like Bitcoin. Before making any investment decisions, it’s important to understand what you’re getting into.

The price can change in moments so the value of your investment will change over time, perhaps by a lot. Try not let strong emotions get the better of you. Doing your own research, and speaking with financial experts will help you make a more educated decision.

I’m looking to invest in a trustworthy Altcoin with a good team and project that I can hold for 3 years. Do you have any suggestions for what I should invest in and why?

Investing in ICOs is a tad risky these days especially there are many scams out there. One of the key indices to look out for when investing in an ICO is check out the private investors and VCs bonuses if there is lock in period for them and for how long. This is solely important just so the these guys don’t dump those huge bonuses at the exchange upon listing, thus crashing the price of the token and causing investors to lose money.

More than 30 business outlets in Agnes Water and the City of 1770 in Central Queensland are currently receiving crypto currency as a means of payment. People in the coastal city call themselves the first “digital currency-friendly” tourist city in Australia.

The goal is to attract an international tourist market niche, which can pay for various products and services with digital currencies such as bitcoins that can be converted to Australian dollars.

Local real estate agent Gordon Christian said he had gained the support of local entrepreneurs to embrace digital currency technology into their city to boost key industries in their region of tourism.

Gordon Christian said the strategy was aimed at attracting more tourists to the area and attracting tourist alternatives.

There are some countries ban crypto use. Willing to know if crypto is accepted to in your country. I am wondering if Crypto currency is being used or known in your country.