The bugs will get worked out as this kind

The obstacles that complicate the decision-making process for Bitcoin investors are plenty. The coin is always susceptible to the technical aspects of trading. The exponential increase in price is being driven by high demand and scarce product. Still, investors get a little antsy when the price increases too much, too fast. Then we see the typical correction that comes when an investment becomes over bought. The problem is these corrections are proving to be harsh, which tests the mettle of investors who aren’t used to such high levels of volatility.Setting technical analysis aside, technology issues are also driving the market today. There’s no denying that the crypto-currency market has had its issues. After proclaiming block-chain technology to be the securest approach to disseminating information, there are holes that are being exposed almost daily. The bugs will get worked out as this kind of technology seems destined for prime time. Unfortunately, Bitcoin has block-chain technology under a microscope right now.No matter how secure any system may claim to be, hackers are sure to expose the weaknesses in a hurry. The crypto-currency industry has already been besieged by hackers, who have stolen billions of dollars in Bitcoin and other crypto-coins. Losing money to hackers tends to make investors a little jittery. It also makes for plenty of litigation from those harmed by technology that may not yet be a secure as promised. bitcoin blogĀ 

The Fundamental Hurdles

There’s an old adage: When school teachers and janitors start making millions from investing, prices are going to crash because we need school teachers and janitors. The truth is governments get nervous when its residents start losing money or making lots of money without paying taxes. It’s no coincidence that India and South Korea are among the most active countries on the crypto-currency exchanges, yet both governments are considering banning the trading of all cryptos. The US, potentially the world’s biggest Bitcoin player, is working in Congress to decide how to regulate the crypto-currency market. They have already banned several exchanges for possible fraudulent activity. China is discussing an outright ban while Europe seems poised to follow America’s lead.If Bitcoin or any other crypto-currency aspires to becoming an international currency for everyday payments, success would be predicated on the world’s biggest economies joining in the parade. Unfortunately, the major players (mentioned above) seem to be moving in the other direction.The biggest concern seems to be Bitcoin’s appeal to the criminal element. Proof has been presented that shows North Korea has been stealing Bitcoin to help finance its nuclear program. ISIS routinely moves money among its affiliates via Bitcoin, doing so undetected until it’s too late. The drug trade is also enjoying the anonymity afforded them by block-chain technology. More and more Initial Coin Offerings (ICOs) are proving to be nothing more than common scams. These are all serious issues.These are all fundamental issues that must be favorably resolved if crypto-currencies are to survive and someday thrive.

 

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