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 (as of today, 84% of tokens have already been mined);
4. South Korea plans to ban cryptocurrency trading on the country's trading platforms.
5. Many market makers on the forex market are shorting the price, which is also contributing to the decline in the exchange rate.
These facts provide strong grounds to believe that the Bitcoin exchange rate will soon reach between $1,000 and $3,000. This is the most realistic forecast.
Is Bitcoin worth buying?
Considering only the facts, not just unfounded price predictions, one can conclude that Bitcoin is unreliable as an investment.
There are no guarantees that investing your own money will pay off. Everyone has probably heard about the special category of people who managed to sell their property in January and buy Bitcoin.
Now everyone understands how that ended.
New tokens backed by real material assets can be considered for investment.
Or trade on short-term fluctuations that sometimes amount to several percent, while real money can only be made using Bitcoin exchange trading on Forex.
Where is Bitcoin actually used?
The coin is in significant demand in African and Latin American countries.
Due to the unstable banking systems in these countries, Bitcoin is the most reliable means of saving for residents.
Incidentally , its current value there is $14,000.
