One question I've asked myself is the Bitcoin gravy train over? I mean Bitcoin are steadily falling and the hopes of it going back to 20,000 are looking Slim. With Vladimir Putin becoming the richest man in the world with a net worth of 200 billion dollars maybe he took lots of crypto out of the market. Ethereum may have a great future of Bitcoin does not look like it's having a great time right now. another danger is with all the new investors coming into crypto there hopping and hopping out too quickly that is why profits are becoming lower lower now.
Reason #1
I believe that crypto was killed by mainstream media, mainstream media was telling how rich people became off of cryptocurrency and now everybody wants to do it thus causing a little bit of an inflation. so you can say the surge of crypto back in 2017 helped crypto but in 2018 it is hurting it a lot. I strongly believe Bitcoin will not be going back to 20000 anytime soon and people are also buying Bitcoin with credit cards which is extremely dangerous. another problem is the Asian government is Banning cryptocurrency which was a major blow to Bitcoin in 2018.
Reason #2
We can also say that Bitcoin and cryptocurrency as a whole is becoming very unstable as people are thinking of this as a get-rich-quick scheme. We do not have long-term investors that are making the price go up we have a bunch idiots that are killing the price hoping to make a quick buck. Like I said,the mainstream media did this to crypto. Also Google, Facebook, and other social media Outlets are Banning cryptocurrency ads because of the recent scams with lending platforms. This in my opinion will help and hurt the crypto community.
Reason #3
Another Reason the Bitcoin gravy train is over is because getting in at 8000 is not a smart idea because the price does not seem to be going up it seems to be crashing. If you were to get in at $0.33 and sell at $20,000 you will be bloody Rich right now but for the newer people that are getting in at $8000 they won't be rich they will probably most likely lose money. Another thing I figured out rich people will pump this up and say that you will make a fortune doing this but yet they sell when it is high and leave you dry. So for newer average investors don't believe the propaganda big investors with money to play with put out there.
Reason #4
I believe the cryptocurrency community is becoming too large to support all the newer investors that are coming into the space we have too many and we need to find a way to filter some out. When the crypto Community was smaller more money was made but as mainstream media, social media, and TV shows talked about Bitcoin more more people saw this is a get-rich-quick scheme which does hurt long-term investors like I previously mentioned. also Bitcoin is kind of useless to hold it kind of does not have a purpose anymore” I am not saying that to offend anybody by the way”. so in my opinion entered Bitcoin early will make a lot but now they won’t make very much money.
Reason#5
Another reason I believe Bitcoin is a bad thing to buy now is governments are tightening on cryptocurrency which is hurting us even more what we should do is we should find new ways to get past the government.We cannot monetize a source that is non monetizable kind of like YouTube is at the moment so in other words Bitcoin is a bubble just like YouTube. Just like the content creators who got in to YouTube in the early days made Millions it is the same way with early Bitcoin investors who made Millions, the later content creators and later investors will not make as much as the early ones that's how everything works.
Remember the early bird gets the worm. So in my opinion run to ethereum it is relatively low and a lot safer. Plus ethereum has less mainstream attention so it will not be killed off as easily. So ethereum is our savior party is a new trend founded by me, (just a Joke)
