In recent weeks, cryptocurrency forecasters have been forecasting figures which go against physical laws as more people become aware of the rise of cryptocurrency and investment experts gather to discuss their views. In the next two years, it's not uncommon to hear experts on television stating that Bitcoin is likely to reach $250,000 to $500,000. Getting to $500,000 will require a growth rate at least 6000% higher than the current level.

In contrast, we have those who aren't convinced. Many highly respected financial analysts warn against the dangers of an investment bubble without hesitation. They acknowledge that crypto currencies might still have some merit, but sooner or later, the bubble will pop and many people could be affected. For example, they should consider how they got out of the 2001 IPO bubble.

The technical Hurdles

This cryptocurrency revolution is still in its infancy. Therefore, most cryptocurrencies, including Bitcoin, are traded without any historical indicators to help investors. This is a market that is free in its purest form. Investors have to rely on their intuition since there is no history to draw from. The market is however influenced

Investors often have trouble making informed decisions about Bitcoin. The cryptocurrency is always susceptible to technical problems in BTC Trading Platform. The sudden increase in price could be in part due to the huge demand and the limited supply. When prices rise rapidly and excessively, investors tend to be annoyed. When an investment is too acquired, it usually undergoes a correction. These corrections, however, are proving to be very harsh and testing the resilience of investors who aren't accustomed to such high levels of risk.

It's not hard to see that the cryptocurrency market has faced some challenges in the past. If we put the technical analysis aside, the topic of technology is the main driver of the market right now. Since the announcement that block chain technology is an extremely secure way of communication of data, it has been without flaws and vulnerabilities that are discovered almost every day. Since this type of technology will be used in the near future, its weaknesses will be addressed. Bitcoin, however, has block-chain technology that is currently in the spotlight.

It doesn't matter how secure the system seems, hackers will find weaknesses quickly. Cryptocurrency is a target for hackers who have stolen hundreds of billions in Bitcoin and other cryptocurrencies. Investors may become anxious if they become the victim of hackers. This could also lead to lawsuits filed by people who have been victimized by technology that may not be as secure as it claims to be.

The Fundamental Hurdles

According to a popular saying, if school administrators and teachers invest millions in the markets, they will lose money, as we will need school cleaners and school administrators. Governments become concerned when people lose money or earn a lot of money without paying taxes. In fact, India and South Korea are among the most active cryptocurrency exchanges in the world. It is likely that the US will be the biggest Bitcoin user. Congress is discussing how it will regulate cryptocurrency markets. Both governments are considering banning trading in all cryptocurrency currencies. Several of these exchanges have already been banned due to fraud. China is considering a total ban as well, and Europe is likely to follow the American approach.

The success of Bitcoin and any other cryptocurrency depends on the largest economies of the world joining in on the movement if it wishes to become a global currency for everyday transactions. It seems that the most prominent players (mentioned above) are moving in the opposite direction.

There are signs that North Korea has been using Bitcoin to finance their nuclear program, which is the biggest concern. The biggest concern appears to be criminals' attraction to Bitcoin. ISIS often moves money around its affiliates through Bitcoin, but it isn't noticed until the end of the war. In addition to enjoying the anonymity protection that blockchain technology offers, drug dealers are also enjoying the rise of First Coin Offerings (ICOs), which appear to be nothing more than typical scams. They are all grave problems.

To ensure that crypto currencies survive and eventually flourish, all of these issues must be addressed in a positive way.

Looking for solutions or searching for solutions

In the majority of instances the public is captivated by everything related to cryptocurrency. Bitcoin has demonstrated the potential to solve problems in the payment process between consumers and merchants. However, trust may prove to be an issue in the future. BTCC's website: www.btcc.com It may be difficult to convince governments to embrace cryptocurrency trading if privacy is the main driver of the cryptocurrency revolution.

Here's how South Korea resolved the Bitcoin issue. Earlier this year, the South Korean government passed legislation allowing six Korean banks to offer Bitcoin trades through their bank accounts. The only requirement is that the accounts have to be established under the name of the customer. Poof! Anonymity is over. If tax evasion isn't the only reason they use Bitcoin, they can still use a Bitcoin wallet. It's a good compromise, but its use is limited.

As investors await answers to a number of their questions in the next few months, the price of Bitcoin and other crypto-currencies will fluctuate. While demand will increase the price, it will drop when a new topic becomes newsworthy. As long as prices stay steady, investors should follow one rule when investing. Do not invest more than you are able to lose. The Bitcoin economy is at a crossroads.