Bitcoin : Bubble : Growth : Limits : my opinion

So it's a interesting topic to write about bitcoin so let's start with the intro with the present scenario going on.

Intro
As such Bitcoin had a horrible month with prices falling down to $5786 ,the lowest point this year, with lot of hacks taking place in exchanges and price manipulation and volatility took place this year but still investors confidence remains on bitcoin.

History suggests it is just a growth which takes place with span of time.

Some latest news shows that Bitcoin and crypto will grow soon :

*As from Europe survey, major bank says bitcoin will soar and European cryptocurrency can get double. The general public is more receptive in using digital currencies for online. As the research founded 66% of people heard about crypto and many are in queue to own it in future and some are holding it as investors. As many suggests that crypto is the future of spending online. *

*Another latest news is coming from US Federal Reserve Economic data is reported to have added four cryptocurrencies to their database which shows some that legitimacy is gained By cryptocurrency with bitcoin, bitcoincash, litecoin and ethereum to their database and likely to add more in coinbase exchange service. The addition of cryptocurrecy data shows that how it have evolved form underground assets to an important growing factor in overall economy. *

*Despite declining trend cryptocurrencies still have worldwide traction with worldwide governments with finding regulations with governments. *

*Coinbase also opened a custody service which directly targets the institutional investors to invest minimum $10million and give them extremely secure cold storage for cryptoassets. *

*Over 100 hedge funds have been created to trade digital currencies. And still $10 billion money of institutional investors is waiting. *

*Many countries are adopting the crypto and making regulations for exchanges like in South Korea and Japan. *

What keeps Bitcoin and crypto growth limited ?

It is the social media which keeps it steady and speculative. The bitcoin price manipulation perhaps is done by public sentiments. The social media and bitcoin prices are linked. As positive sentiments move bitcoin prices higher. So it generally impact the price of bitcoin and other altcoins.

Another thing which keeps it steady is social media and big names who predicts the future and blockchain analysts. As such Jack Ma suggests bitcoin is a bubble it will for sure impact the price of bitcoin.

Fear uncertainty and doubt makes the investors away from the crypto markets.

Positive views

Blockchain CEO says bitcoin adoption will be a slow and steady race and will take time, in which the survivors will win. Stay in it for the long run.

Jack Ma Ant financial took blockchain for international transactions which will help the people to transfer their remittances securely and instantly and cut the cost of cross border remittances to nearly zero. It will for sure give confidence to investors in blockchain projects.

My opinion

*As being a normal person with no money like billionaires and millionaires, I too have faith in crypto as the centralisation will be transformed to decentralised and many new projects will come and for sure the crypto investors will be successful holding for long term.

It is not a bubble any more because people are getting aware now and so this is showing steady and slow growth and some volatility, for sure it will grow but we cannot say it bubble anymore. It is just pass of time when countries will be regulating the rules and regulations, so hold it still. For eg. Alibaba the billion dollar company also faced such issues of regulations when they started and when they were in early stages, so it's nothing new like media is stopping and manipulating the price, whenever new technology emerges these things happen but one should be confident in their investments and technology which will win at the end.

As such the blockchain projects which started with the bitcoin is mainly for the well being of the human and easiness for the works. For more transparency and accountability in the industry with no more exploitation and phishing which generally comes to a normal person.

As such the crypto will help mankind and make wonderful living for future with blockchain technology. As you can see people working away form the countries transfer their remittances with high fees and now with use of blockchain and peer to peer transaction it will be nearly zero so that is benefit to us.

Food and product delivery with proper tracing will be seen with the supply chain so it is also which have been started with bitcoin and digital currency.
Many new projects started with ICO which could not have been established without the cryptomarket so it is very much helpful and going towards sustainable and great future.

I think it will for sure be helpful and will change the world how it looks now and what it will look in coming years. And the investers will be successful but it's matter of time and holding tight when volatility rises. *

Please share your views and I would be obliged to hear your views on the topic Bitcoin, growth and bubble

HAVE A NICE DAY from Universal blogs