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Bitcoin - At the Crossroads of the Future

The Predictions

As people all over the world increase their awareness concerning the crypto-currency revolution, investment experts are lining up to express their opinions. In recent weeks, the pro-crypto forecasters are predicting numbers that defy gravity. It's not uncommon to see a prognosticator on TV explaining why they believe Bitcoin is destined hitting ranging from $250,000 and $500,000 per coin over the following two years. At $500,000, the coin would need to increase more that 6000% from its current levels. The numbers are mind-boggling.
The Technical Hurdles
The crypto-currency revolution continues to be in its infancy. As a result, most coins, Bitcoin included, are trading without historical indicators to simply help investors. It is a free market in the purest form. Unfortunately, free market trading is prone to influence from all directions. Therein lies the rub for crypto-currency investors. With no history to fall back on, investors have to create decisions based on their gut.

The obstacles that complicate the decision-making process for Bitcoin investor’s bitcoinvest.cc are plenty. The coin is obviously prone to the technical facets of trading. The exponential escalation in price will be driven by high demand and scarce product. Still, investors get a little antsy when the price increases an excessive amount of, too fast. Then we see the conventional correction that comes when an investment becomes over bought. The thing is these corrections are proving to be harsh, which tests the mettle of investors who aren't used to such high quantities of volatility.

Setting technical analysis aside, technology issues may also be driving the marketplace today. There's no denying that the crypto-currency market has received its issues. After proclaiming block-chain technology to be the securest way of disseminating information, there are holes that are being exposed almost daily. The bugs are certain to get resolved as this type of technology seems destined for prime time. Unfortunately, Bitcoin has block-chain technology under a microscope right now.

Regardless of how secure any system may claim to be, website hackers are sure to expose the weaknesses in a hurry. The crypto-currency industry was already besieged by hackers, who have stolen billions of dollars in Bitcoin and other crypto-coins. Losing money to hackers tends to make investors a little jittery. In addition, it creates plenty of litigation from those harmed by technology that may not even be a secure as promised.
The Fundamental Hurdles
There's a vintage adage: When school teachers and janitors start making millions from investing, prices are likely to crash because we truly need school teachers and janitors. The fact remains governments get nervous when its residents start losing money or making a lot of money without paying taxes. It's no coincidence that India and South Korea are among the absolute most active countries on the crypto-currency exchanges, yet both governments are considering banning the trading of all cryptos.
The US, potentially the world's biggest Bitcoin player, is working in Congress to decide how to regulate the crypto-currency market. They have already banned several exchanges for possible fraudulent activity. China is discussing an overall ban while Europe seems poised to follow along with America's lead.

If Bitcoin or any other crypto-currency aspires to become an international currency for everyday payments, success could be predicated on the world's biggest economies joining in the parade. Unfortunately, the major players (mentioned above) seem to be moving in another direction. The largest concern is apparently Bitcoin's appeal to the criminal element. Proof has been presented that shows North Korea has been stealing Bitcoin.

Looking or Solutions
For the absolute most part, people are enthusiastic about all facets of crypto-currency. Bitcoin has already shown the potential for easily resolving payment issues between customers and vendors. However, trust is a major problem going forward. If the anonymity feature may be the driving force behind the crypto-currency revolution, it's likely to be hard to obtain governments to climb aboard and approve crypto-trading.

Let's look at how South Korea decided to resolve the Bitcoin issue. The South Korean government recently passed a bill that offers six Korean banks authority to let its customer trade Bitcoin from their bank accounts. There's only 1 stipulation: the account must be opened in the customer's real name.
Poof! There goes the anonymity feature. However, South Koreans can still trade Bitcoin via a Bitcoin Wallet as long as tax evasion isn't the reason they wish to do so. It's a nice compromise, but its appeal may be limited.

Over another few months, investors should start getting answers to a lot of questions. Until that time, the pricing of Bitcoin and other crypto-currencies will remain volatile. The cost will increase due to demand but will drop each time a new issue becomes news. Until prices stabilize, people should focus using one rule of investing. Never invest additional money that you could afford to lose. Indeed, Bitcoin is reaching its crossroads.