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End of Bitcoin or
an Opportunity to Buy
By
www.ProfitableInvestingTips.com
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
Is this the long-predicted end
of bitcoin or an opportunity to
buy before the price
skyrockets again?
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
A couple of weeks ago we
asked
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
will bitcoin survive the
crackdown.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
Governmental regulation has
always been a background
threat to cryptocurrencies as
the feeding frenzy continues
and we asked what should
bitcoin be worth.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
Now, it would appear that
investors are taking seriously
the risk of governmental
intervention and regulation.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
Reuters reports that the
cryptocurrency selloff
intensifies as bitcoin and
others fall.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
The currencies have come
off their lows but analysts
said the sell-off was probably
not over.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
This week’s slump brought
the total market value of
cryptocurrencies down to
around $400 billion, half the
high it reached in January,
according to industry tracker
Coinmarketcap.com.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
The market value of
cryptocurrencies is calculated
by multiplying the number of
digital coins in existence by
their price, although many
question whether that is the
right way to value them.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
Bitcoin, the biggest and best-
known cryptocurrency, fell as
much as 15 percent on
Friday to a two-month low of
$7,625 on the Luxembourg-
based Bitstamp exchange
BTC=BSP.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
It clawed back some losses
and was down around 4.1
percent at $8,623.50 in mid-
morning New York trading.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
The virtual currency is down
by close to 25 percent this
week and almost 40 percent
in 2018.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
The most recent threat of
regulation came as India
joined China and South
Korea in threatening to limit
or ban aspects of
cryptocurrencies in their
nations.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
The question is this just
another setback from which
bitcoin and the others will
recover?
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
That has certainly happened
before and while the volatility
in this sector has caused
many to lose money, others
have profited handsomely.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
The question really is if more
governmental regulation will
enter the picture and how
that might affect
cryptocurrencies. A useful
way to look at this might be
to consider bitcoin futures.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
Coindesk reports that the US
Commodities Regulator is
strengthening is Bitcoin
futures review.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
The Commodity Futures Trading
Commission (CFTC) is developing
a "heightened review process" for
cryptocurrency futures though it
will continue to allow exchanges
to self-certify products, Chairman
J. Christopher Giancarlo
announced last week.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
Others have been
scrutinizing the process as
well, including some
members of the U.S.
Congress.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
Yesterday, top Senate Agricultural
Committee members sent a letter to
Giancarlo requesting information on
the CFTC's oversight of bitcoin
futures and options markets. The
senators specifically requested
information regarding the
Commission's market surveillance
and its implementation of safeguards
against bitcoin's volatility.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
"American taxpayers deserve
strong safeguards against fraud,
manipulation, and abusive
practices in the futures and
options markets," the letter stated.
"The CFTC plays a critical role in
protecting customers and the
markets from harm."
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
A small amount of regulation may
or may not hurt the value of
bitcoin and other
cryptocurrencies. But, the threat
of increased regulation may be
enough, for now, to drive investors
out of the cryptocurrency market
and thereby drive prices down.
http://profitableinvestingtips.com/investing-
tips/end-of-bitcoin-or-an-opportunity-to-buy
On the other hand outright
bans on cryptocurrency
trading across the globe
could spell the end of the
bitcoin feeding frenzy.

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End of Bitcoin or an Opportunity to Buy?