Why can't you buy Bitcoin anymore?
Why is it too late to buy Bitcoin and miners can throw the farms in a landfill?
Bitcoin is a cryptocurrency that is just a set of encrypted information about the holders of this asset and its transactions.
In 2018, the Bitcoin price fell significantly (from $20,000 to $6,500) and, most likely, this trend will continue.
Why does this happen?
The thing is that the world's largest powers have introduced a number of restrictions regarding the use and mining of cryptocurrency in general: 1. The United States is preparing legislative changes to tighten control over cryptocurrencies;
3. The resource will soon run out (to date, 84% of tokens have already been mined);
4. South Korea plans to ban the circulation of cryptocurrency on the country’s trading platforms.
5. Many market makers in the Forex market trade bearishly, which also contributes to a decline in the exchange rate.
These facts give serious reasons to believe that in the near future the Bitcoin rate will be between $1,000 and $3,000. This is the most realistic forecast.
Should you buy Bitcoin?
Taking into account only the facts, and not unfounded forecasts about the value of cryptocurrency, we can conclude that Bitcoin is unreliable as an investment object.
There are no guarantees that investing your own money will pay off.
Probably everyone has heard about a special category of citizens who managed to sell property and buy bitcoins in January. Now everyone understands how it ended.
For investments, you can consider new tokens that are backed by real material assets.
Or trade on short-term fluctuations, which sometimes amount to several percent, while real money can only be earned using exchange trading Bitcoin on Forex
. Where is Bitcoin actually used?
The coin is in great demand in Africa and Latin America.
Due to the unstable banking system for residents of these countries, Bitcoin is the most reliable means of saving their own savings.
By the way, its cost there today is $14,000.