A lot of people are worried about what could a potential crash for Bitcoin do if something like this happens. Below, we are listing our expert opinion.
The truth is…
In December Bitcoin hit an all-time high at about $ 19.850 and then rapidly hit $12.000 in just a few days. And this was not the case only with Bitcoin, Ethereum and Ripple also suffered double-digit losses. This happened because of the announcements South Korea made that they will ban all trading such as China did as you can see. Other countries are proposing a regulation of Bitcoin and the entire cryptocurrency market. However, prices are expected to fluctuate as they did in the past so this is a reason not to worry. We have seen crashes on the market in the past especially with Bitcoin. Bitcoin crashed in 2014 and then recovered with an all-time high in 2017 you can see the charts .
The currency is very volatile and it is inevitable to see price movements like this. Despite the fact that the governments will not allow the cryptocurrencies to develop without their intervention, maybe a little regulation is desirable in this market. We saw news of fraudulent ICOs and using digital coins for money laundering and this leads to an ear of cryptocurrency regulations.
Crashes on the market will keep on coming but they are, of course, not predictable. Therefore, no one can know when the next crash for Bitcoin will hit.
Recoveries, however, are highly likely but they will only come to those coins that are solving some critical problems and fulfilling needs that are not being fulfilled by the fiat currencies.is expected to rise again but it may take a little time since it is surrounded by negative news on the cryptomarket these days.
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