I know many will dislike the video just for the title alone, but I hope you stick around as the analysis took me a while to put together.
Those of you who watch this channel know that I am a Bitcoin enthusiast and love analyzing it as an investment. Today we're going to visit the other side. In this video, we don't laugh when people call Bitcoin a bubble, a fraud, a tulip, a magic bean cult. We attempt to find the largest risks to Bitcoin and cryptocurrencies in the long-term. I posit that these three catalysts are the three biggest threats
The possibility of Bitfinex and Tether being a fraud. I've discussed this some in a previous video, but am going into more detail on Bitfinex here.
A crackdown on ICOs that leads to a slowdown in funding, leading to Ethereum and other ICO-centric platforms going for a dive and taking the other cryptocurrencies with them. We look at the stances of governments on ICOs worldwide and attempt to find the direction we are headed in.
The shutdown of fiat gateways, locking crypto off from the real world on an international basis. While there is obvious fear related to this right now due to China, I discuss why perhaps this is not as likely as bears think. Still, we discuss how you can keep up with this and what's important.
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btc is going down
Great post Mohanmd,
However, I'd have to argue that bitcoin is not going down and netheire is the cryptocurrency. It's the future and it's hear to stay. Now I will not say much about the fradulant ICO's & Lending platfourms. Karma, will do its thing and get those individuals in the end, if the law doesn't get the first. Haha
Now as far as Bitcoin, an all-time high is coming our way and this is obvious. Just check out the recent interview with CEO of Binance. After relocating out of China to Tokyo Japan, he had to bottleneck registration to 1 Million new users a week. 1 Million new users a week, and that is only one low fee coin exchange.
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Yes, I am an investor in cryptocurrency.
I do swing trade the lending platforms tokens / coins not so much into the loaning. For example look at what Davor is doing now with the promoter competiton, its a repeat of Bitconnect.
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That being said, there still is going to be a massive pump in its near future before the downfall. I hope that new ICO's become more transparent, and are held to higher standards while being able to remain decentralized of course. That being said Bitcoin will grow and continue to grow.
In conclusion, it's not so much an argument as it is factual statistics. Look at the news or the stats on how many new people are joining the crypto community. Those people bring friends, relatives, and most importantly new money!
Much love brother, you can check out my crypto videos if you like on my youtube channel. https://www.youtube.com/channel/UCqGrB4W7RYgR1Ijs6e3AD-w
-Samuel
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