The Bitcoin skeptics are out in force but will they be proved wrong?

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The Bitcoin skeptics are out in force since the start of 2018, as the price struggles to find an upward trajectory.
So far this year the news has been packed with negative stories; the focus has been on short-term price fluctuations and not the actual performance of BTC. It is strange that an investment which has been the best performing assets for the last few years is now getting such bad press.
The same happened last year and it did not stop the price from rocketing – some expect the same again this year.
If you have a Best Bitcoin Wallet with a sizeable amount of BTC, it can be very stressful watching the price shoot up and down. The best option is to hold onto it as Bitcoin is a long-term investment and some who have treated it that way from the start have seen a return on their investment.
One of the arguments that Bitcoin skeptics use is that cryptocurrency does not have any intrinsic value, due to it not been backed by an asset. That argument does not always work though – we live in a different age and now computer code is the new gold.
Bitcoin skeptics never compare cryptocurrency directly with fiat money. While everyone is focusing on crypto, the financial system as we know it is in free fall, which is why some say it’s a value that some of your assets are stored on the blockchain to offer a form of insurance once it all comes tumbling down.
One of the main reasons why the price of Bitcoin has struggled to reach new highs so far this year is down to regulation. The industry would not have reached the heights it has if typical Government regulations were in place, but now due to the size, a certain level of control is required to make sure that everything is legitimate. While this is going on, it is going to have a negative impact on the price, but some say it will greatly improve in value over the long-term and gives cryptocurrency more legitimacy.
It is inevitable that countries will eventually start launching their own cryptocurrencies and when this happens it will be difficult for banks.
If 2017 was the breakthrough year for Bitcoin then 2018 could be the year it goes mainstream. As and inflation starts to take hold due to fiat currency collapse, it will fuel the crypto boom which some supporters say it could eventually challenge the banks.

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