5 reasons why Bitcoin's value will decrease in 2018

in #bitcoin7 years ago

Number 1..
Different countries have different rules around cryptocurrencies
Regulations
Seeing the surge in cryptocurrencies, countries felt the need to establish some rules around it.
For example, in South Korea, cryptocurrency investors can be fined if they do not convert their virtual accounts from anonymous to real-name. Further, China has banned Initial Coin Offerings (ICOs) in the country.
If country-specific regulations are stringent, they can directly affect Bitcoin's usage and consequently its price.

Number 2...
Bitcoins reside as computer bits, have no physical presence
Value
Industry experts associate the virtual value of Bitcoin with its real value, which is zilch.
Bitcoin does not have a physical presence and hence can't be valued in the sense of traditional assets like gold. Sure, there is revenue generation online, but Bitcoin in itself doesn't do anything.
Thus, it is important for it to find enough uses before its demand and value decrease.

Number 3 ..
Rise of fraudulent ICOs discourage Bitcoin investors
ICO frauds
Following Bitcoin's success, several ICOs were launched. Seeing them as an opportunity to raise huge sums of money, the practice hasn't gone unnoticed by frauds.
The US Securities and Exchange Commission has already nabbed cryptocurrencies like PlexCoins and REcoin that nearly raised $15 million by running fraudulent ICOs.
If ICOs continue to be fraudulent, it can affect investor loyalty and demand.

Number 4...
Cases of cryptocurrency hackings are steadily increasing
Hacking
In the largest case of Bitcoin theft so far, Japan-based exchange platform Mt. Gox was hacked in 2014, losing 850,000 Bitcoins. Handling over 70% of all Bitcoin transactions, it was valued at $450 million.
More recently, about $400,000 worth of the cryptocurrency Stellar Lumen was stolen from its digital wallet.
Such cases clearly dissuade people to invest in an insecure cyber ecosystem.

Number 5...
Bitcoin is a highly volatile and unpredictable entity
Volatility
Bitcoin is volatile. It was its sudden increase in value that had led to the frenzied creation of new cryptocurrencies.
According to Goldman Sachs, the risks associated with owning Bitcoins are far higher than oil or gold.
Even though investors are aware of what they are getting into, it is mentally tough to keep up with such volatility that can eventually dampen the demand.

BUT DONT WORRY ABOUT BITCOIN IT WILL RISE SOON AS POSSIBLE ...

IF U LIKE THIS POST SO UPVOTE AND RESTEEM ....

Sort:  

I believe the alt coins are gonna get up near bitcoin before bitcoin rises to 20k. A lot to offer in security, transfer fees and mining with other alt coins.

And let’s not forget: how else do you get others to get courage to get in at a fair price? You lower it !

Very valuable post about decrease a bitcoin...
Good job fraind...

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 62205.55
ETH 2397.85
USDT 1.00
SBD 2.50