I could be wrong but when countries, China in particular, start outlawing the trading of Bitcoins then surely the days of the currency are numbered? If the market for Bitcoins is reducing as opposed to expanding, where does the currency go from here and so called Cryptocurrencies in general?
Bitcoin is not finished but deserve crash. Rather I will say, Bitcoin Monopoly is finished. Competition in Crypto-Currencies will increase in future . Pivot to Asia need balance Western Economies and Asian Economies as well so Bitcoin's future is in darkness. Expected further Changes in Banking systems by Central Banks of Major Economies worldwide.
I am intrigued by Bitcoin and other crypto-currencies. What are they based on? How do markets arrive at their value and who creates them?
I am intrigued by bitcoin and cryptocurrencies in general. How much of the traditional currency market can they take in due course?
Investment factor, Bitcoin is not legal in many countries and used by hackers, corrupt etc.Investors invest their earned money from traditional currency market to Cryptocurrencies. traditional markets lose their strength without investment and There are rules for FII, DII etc. by Central Banks. If Local investors are invested more in Cryptocurrencies then FII, DII then FII, DII etc. also have to reduce their positions in traditional markets.
So we could see a situation where the "tail is wagging the dog" and forcing Central Banks to increase their exposure to cryptocurrencies?
Yes , I am expecting that. Central banks has to deal with cryptocurrencies by this way or that way. Against corruption strong actions are necessary.
One other issue, whether we like it or not, the ability to trade anonymously is attracting many people to Bitcoins and other cryptocurrencies. As they become more mainstream surely governments around the world will bring in new regulations to stop this anonymous trading, thereby reducing the attraction for many people?
