Ether could run on up for a few weeks after the top of bitcoin as it did in the last bubble. Worried but passionate bitcoiners will likely flip into ether in the belief there is upside there and temporary safety from a bitcoin crash.
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I took that route last week but it was simply gambling and I sobered up in time to miss out on getting kicked in the teeth, although as I write ether is holding up pretty well as might be expected in the short term. Ethereum does not owe its future to bitcoin anymore.
- Bitcoin price crash: Why is cryptocurrency market collapsing? | The Independent.
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- History and regulators suggest a big reversal will come at some point!
Institutional Press Awards in In the last few years I have become a financial thriller writer and have just had my first non-fiction title published: ways to pick stock market winners. Find me here on US Amazon. This is a BETA experience.
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Jan 13, , am EST. When the U. For owners or sellers, it's a gut-twisting source of gains and losses. For those like me on the sidelines, it's an entertaining market show, with tinges of jealousy and dizziness.
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- The 2021 Outlook for Bitcoin Prices, Adoption and Risks.
Despite that tremendous bitcoin price fluctuation — in a generally upward direction — was also a year of relative maturity for a currency that, after all, has only been trading for a decade. From my perch as editor of FIN , a fintech newsletter, here are what I see as the crucial bitcoin trends in Bitcoin's use in everyday life has always had a chicken-egg problem: Very few use or accept it because … for one thing, very few use or accept it. But saw a striking evolution in bitcoin adaptation.
Bitcoin Is Going to Crash. The Big Question Is When
In , we'll likely see an extension of this mainstream embrace. Look for at least one major U. Whatever bitcoin may or not have accomplished in its decade of existence, it has forced a lot of big, global entities to think about offering an international digital currency. Every company involved in the payment space understands not only that there is a market for digital payments still up for grabs, but that payments involving different currency markets have the most potential.
That's because currently such transactions can take days to resolve, and often involve hefty fees.
The 2021 Outlook for Bitcoin Prices, Adoption and Risks
Bitcoin has demonstrated, if embryonically, that a global digital currency can dramatically streamline that process. This year, both Facebook and Google — companies with a massive global reach that bitcoin can only dream of — moved forward with big digital currency plans. Tech offerings like Facebook's Diem aren't exactly the same as bitcoin, but if they start to catch on in , they may eat a little into bitcoin's growth. China has taken the digital currency experimentation much further than any other nation.
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They were encouraged to link their digital cash to their bank accounts, and if they didn't spend their digital cash within a few weeks, it disappeared — both great techniques to advance the experiment.
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