is the world’s biggest and the most popular cryptocurrency
. In 2017 it has already gained 19/20 fold. Increasing the value of Bitcoin has become the best news for the investors to Bitcoin Cryptocurrency trading but it has also become the headache of Central Banks.
So if you have a plan to invest in Bitcoin trading, you should be conscious about the future of Bitcoin in 2018: Bitcoin Cryptocurrency Trading will be profitable or lose?
It is not possible to predict the exact future of cryptocurrency will have happened in 2018 but the following analysis will help you the summarize you should do.
End of 2017, the governors & central bankers from several economical countries have raised their voice up against cryptocurrency especially Bitcoin.
You know, Bitcoin is the decentralized currency. It isn’t regulated by a central bank what is happened with the global currency. So the cryptocurrency exchanging impacts on local currency.
1. European Union
Recently, the governor of the National Bank of Belgium (Part of the Euro system), Jan Smets said on a conference that people should be conscious about cryptocurrency and he also claimed that this is not currency at all. He warned the people who are investing in Bitcoin can lose a lot.
For a reason, he told the possibility of the catastrophic for wider economics. [Reference: Reuters
A few days ago, China had dominated the Bitcoin markets. It was about 90% of global trading. But the central bank of China banned Initial Coin Offerings (IFO) and stopped all the cryptocurrency exchanges in September. So why the raises of Bitcoin did not impact on the Chinese economy too much. Because The Beijing is out of their statement. [Reference: Telegraph]
3. South Korea
According to AFP Reported, about 20% of Bitcoin trading accounts are South Korean. This trading has become as popular that drawing wide participation was from housewives and students.
Reuters reported that the trading prices of virtual currencies including cryptocurrency were much higher. That was the happiest news for the investors to forex & cryptocurrency trading. But the government had announced regulation on this. So why, the cryptocurrency trading drops, though their government had warned several times to stop this illegal trading. They also predicted that if the investors don’t be warned they could result in high losses cause of excessive volatility.
Now South Korea’s Government has banned its financial institutions from any dealing in virtual currencies. [Reference: Reuters
In April, the lawmakers of Japan allowed the use of Cryptocurrency including Bitcoin to make payments. But looking the impact on the local currency, they are also now warning their peoples not to use Cryptocurrency. Governor Kuroda said the price increase of it is abnormal. For that, very soon they may stop this decentralized currency as a payment method. [Reference: CNBC]
The reserve bank of India is very concerned with the virtual currencies. They have warned several times to their peoples not to use cryptocurrency because it is very risky. Regulators worry to think, the misuses of cryptocurrency. [Reference: CNBC]
Philip Lowe, the governor of the Reserve Bank of Australia has said the virtual currency as a “Speculative Mania”.
According to the Jakarta Post, to protect the local currency, the Southeast Asia region’s his plan to ban any Cryptocurrency and it will start from the beginning of 2018.
Cryptocurrency is already banned in Bangladesh and the Bangladesh Bank has again warned the people not to use.
So we see the future of Cryptocurrency trading in 2018 is complicated and the possibility of getting profit from the investment may be very little.
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