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Whst wil be next direction of crypto

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8 hours ago, Mayur said:

Whst wil be next direction of crypto

WOW! When I seen the headline I expected some informed news... Talk about Click Bait!

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Guest phil

 Tony agrees :D 

Cheers

Phil

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There are many factors for this (Look at what happened in Iran and Venezuela recently for example), It will no doubt go alot lower. 

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@TheGuru12,

I do not know if it will go a lot lower or not. It may well do. Greece and Cyprus are exactly the reasons why people are looking seriously at Bitcoin. Venezuela and its inflation is again another reason which adds to a compelling argument for Bitcoin. Iran as well. 

I agree with the IG video in the sense that short term Bitcoin may consolidate or go lower but longer term I am bullish that Bitcoin will see higher prices. 

We shall let time and price action confirm our biases. 

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Iran, Basically you want Crypto? Fine....We will tax it. No advantage over how the system is now.

Venezuela, Mass blackouts make Crypto currently absolutely useless. People exit the system like crazy. They cant afford to be beholden to that when they are trying to get their next meal. 

 

Rumour has it Facebook are in talks with Walmart about some kind of "Crypto Project" making again Bitcoin useless in the majority of cases. 

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@TheGuru12,

Venezuela Sets New Bitcoin Volume Record Thanks to 10,000,000% Inflation

https://cointelegraph.com/news/venezuela-sets-new-bitcoin-volume-record-thanks-to-10-000-000-inflation

Why are Venezuelans seeking refuge in crypto-currencies?

https://www.bbc.co.uk/news/business-47553048

Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP

https://cointelegraph.com/news/iran-recognizes-bitcoin-and-crypto-as-an-official-industry-says-mp

Bitcoin Becomes More Popular in Iran

https://learningenglish.voanews.com/a/bitcoin-becomes-more-popular-in-iran-/5006150.html

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