As Bitcoin climbs to $ 10,000, hovering around $ 800 in January of this year, people rejoice and celebrate the ride wild. However, as the roller coaster apparently only continues to climb, there must be some nagging questions.
Bitcoin has received more and more good news, especially with regards to adoption. News on ETFs and Futures has attracted many Wall Street bankers, and all their institutionalized flows into the world of digital currencies.
The ease and availability of Bitcoin promote adoption and fuel demand and price. Of course, this triggers each time the argument of the bubble, but there are other things to trepide.
This pace of growth seems unsustainable, but that does not mean that it's going to explode, maybe slow down; and there are a few things to consider.
<img alt=" Bitcoin Wild Ride "src =" http://cointelegraph.com/storage/uploads/view/49e40fa39d7a6bcb52343a6596a3eb1a.png "title =" Wild Bitcoin Ride "/>
] Sell the ETF and the news of the future
The rumors of Bitcoin ETFs and futures have begun to circulate recently, and while they have gone from rumors to confirmed, they have not been moved yet to be There is still work to be done for futures, but when the system is up and running, it may be time to "sell the news."
The idea of buying the rumor, selling the news "is an adage rooted in the world of Bitcoin and has proven itself time and time again.Today, when it comes to These easily accessible forms of buying and selling Bitcoin, the market could well become a lot more liquid.
The liquidity and the buying and selling that will come with these options will not cause any damage to Bitcoin One However, what it could do, is stabilize the volatility, which is a double-edged sword. Lower volatility means flattening – more big drops, but no massive spikes.
While Bitcoin came quietly into the world, nothing else caused him competitive problems. things have changed dramatically. Bitcoin has many other pieces to fight; ICO are constantly creating more and more for the market but also eating on Bitcoin's own market.
Of course, many of these pieces are a waste of time, and the ICOs are not necessarily dilutive, but they will be attractive. those who started with Bitcoin to try different things. Bitcoin Cash has done its best to try to destabilize the Bitcoin market, and the money will not be paid in one piece.
Take it more seriously
As Bitcoin and the rest of the cryptocurrency market begin to make a bigger dent in the global economy, this unprecedented and unregulated digital currency will start to attract more and more attention from governments and regulators.
There is no doubt that all countries have heard of Bitcoin now, but they are still divided as to what to do with the thing. There is a chance that as the price goes up to these frightening heights, regulators could come to grips with it.
China has already made progress on Bitcoin regulation, crushing trade and ICOs. However, the market has shown very little mind to this kind of moves, but the more the others involve, the more things can be slowed down.