Bitcoin in State Of Emergency?
Good morning steemians as I woke up today just to see bitcoin below 9500 and thats scary for anyone who owns bitcoin or other altcoins. So I went to the web to see whats going on and i read an article saying the Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, further accelerating bitcoin’s plunging value that has been dropping since the new year came in. But
There is a light at the end of the tunnel though as more and more countries and businesses adapt to bitcoin to be the future of currency and accept is as payment things will definitely improve so i dont believe bitcoin is out for the count now. Also Minister Arun Jaitley did say they are exploring different uses for blockchain technology stating it can be used for a variety of other purposes. So who knows whats gonna happen with India but it can change its stand on bitcoin at any moment which can then cause a positive impact on the value of bitcoin rather than a negative one. So as the day goes and bitcoin's value goes up and down lets try to not worry to much or panic and start taking what stakes you have in bitcoin out. One Bitcoin is still worth 9000+ dollars so its still very valuable to hold on to. Bitcoin will continue its destiny to become the future currency that the whole world will adapt one day!!!
Hope everyone has a wonderful day and thanks for reading my post. If u liked my post you are always welcomed to Upvote and resteem if u wanna.
Easier said than done. With that said what percentage of people do you believe have held from 20 K all the way down to 9k . Also I’m sure many sold on the way down then we purchased again thinking It was the low and it dropped again. It is almost impossibleTo know exactly where it’s going.
to answer ur question ima have to say quite a bit of people probably sold and took the gains with them, but could of came back and purchased when it did drop i myself purchased at the beginning of the year not when it was 20k. Its definitely a unpredictable market with a bad future or a bright one to come. Also thanks for the feedback its greatly appreciated!!!
Agree just one year ago it was $700.00
It can return to near those levels . I’m sure almost no one predicted the top unless and much less the bottom . So if people are trading jumping in and out they are getting crushed the same. Only people up are those that bought and sold in time for Christmas and called it a day. Remember the ride is not over . It’s just this part of the ride is in the dark . So you can’t see where the bottom is. No one said it was going to be easy.🚀
Good informative post, definitely something to keep in mind
I agree with you, drop bitcoin, this is an excellent occasion to buy it for a small price)))) which gives an opportunity to earn good money))