Regulations vary from country to country. At a time when Japan officially recognizes Bitcoin as money, in other countries there is still no specific legislation concerning this cryptocurrency. But you can expect national financial regulators to become increasingly interested in Bitcoin and other virtual currencies, provided that blockchain technologies spread rapidly and the size of the cryptocurrency economy increases.
Bitcoin is a unstable benefit, with every day cost changes of more than 10% quite ordinary, creation asset and Bitcoin trading risky. Of route, there is no far above the ground go back without the far above the ground risk and you should not use the cash you need to live to deal Bitcoin. The high-quality news is that market provides an higher set of contingent instructions – Volatility defense – that have an additional usefulness for extremely volatile instrument.
Is Bitcoin a speculative bubble
The situation surrounding cryptocurrency technologies is very similar to the dotcom bubble of the early 2000s. There are a large number of blockchain projects that announce their ICOs every day. ICO stand for Initial Coin contribution and is a crowdfunding phase of the project. It’s a type of IPO but in the cryptocurrency economy. Projects are funded collectively by the public who buy their “tokens” in exchange for Bitcoin and other major cryptocurrencies. Of course, just like in any other industry, 90% of projects will fail to deliver a functional product and probably there will soon be several resounding bankruptcies. At this time, the price of Bitcoin may, to some extent, be overbought because of massive spending by Bitcoin during ICOs.