Bitcoin Recovery – The Path Back to All Time Highs


 Bitcoin remains one of the most volatile investments on the market, yet it is still one of the most popular crypto currencies in the world. For many investors, the all-time highs of Bitcoin seen in 2017 is the Everest they must climb to for a full recovery. Knowing what went wrong and having a plan to recover are the first steps in moving out of the doldrums toward the revered 2017 highs.

The 2017 bull run was mainly driven by an influx of new users who saw the potential for profits in Bitcoin. These users were mainly retail traders that had no long-term commitment to the crypto currency. Some believe the market was flooded with new money, causing the Bitcoin price to peak. As more investors reaped profits from the surge, the core of these investors began to sell off, pushing the price of Bitcoin down.

The crash led to a sense of panic within the market and much of the enthusiasm was lost. Even today, the fear of another bear market persists, creating great volatility. However, in spite of the bear market, there is still some belief that the Bitcoin recovery is achievable.

Today, the Bitcoin recovery plan must focus on more than just bulls and bears, and should include technological advances and improvements in the infrastructure. The SegWit2x and Lightning Network initiatives both aim to improve the scalability and speed of Bitcoin transactions. By making it easier and faster for people to transact in the crypto currency, adoption should increase, as the processing fees become smaller and more efficient.

In addition to technological improvements, a healthy portion of the Bitcoin recovery plan should also include the emergence of new stable coins like Tether and USDC. Stable coins are intended to be, well, “stable”, with the U.S. dollar being a reliable foundation and a “pegged” asset. This helps to create a “safe-haven” which acts as an alternative to Bitcoin and other crypto currencies hire a hacker online.

Furthermore, there is a need for greater regulatory clarity by government bodies in an effort to make Bitcoin more accepted and less subject to manipulation. Regulators also need to provide guidance to organizations wanting or already operating businesses in the cryptocurrency sphere. The introduction of regulation will also contribute to a trusted system of business operations.

Finally, in order for Bitcoin and other crypto currencies to recover, there needs to be a concerted effort to build and encourage institutional investors. Currently, many institutional investors are still staying on the sidelines, citing the lack of regulatory oversight. Without this modern infrastructure in place, many institutional investors who could contribute to a successful Bitcoin recovery are unlikely to enter the space.

Ultimately, a Bitcoin recovery will involve a combination of strategies, both on the technical and regulatory side. With the right plan and determination, it is possible that Bitcoin can once again reach its 2017 highs and beyond. It will take team work with governments, institutions, startups, and individuals alike to reach a full Bitcoin recovery.

Comments

Post a Comment

Popular posts from this blog

The Transformation of Indian TV Serials

Image
  The Indian TV Serials industry is one of the most successful and profitable industries in the country, with the number of viewers increasing every day. It is no surprise that the industry has gone through a major transformation in the last few years. This transformation has been driven by several factors, such as the emergence of new genres, the emergence of digital platforms, and the broadening of the target audience. The emergence of new genres has been one of the key drivers of the transformation of Indian TV Serials. Since the early 2000s, there has been an increase in the number of genres available, such as comedy, drama, romance, and crime. This has allowed producers to create shows that appeal to a wide range of viewers. For example, a show that was once considered to be a drama can now be considered a comedy. This has allowed the industry to broaden its appeal to viewers of all ages and backgrounds. The emergence of digital platforms has also played a significant role in the
Read more

Responsible Gambling: Maintaining a Healthy Balance in Online Slot Casinos

Image
  Online slot casinos offer a thrilling and immersive gaming experience, providing players with a chance to win big. However, it is essential to approach gambling responsibly to ensure it remains an enjoyable form of entertainment. In this article, we explore the concept of responsible gambling and provide tips on maintaining a healthy balance while enjoying online slot casinos. One of the first steps to responsible gambling is setting a budget. Determine the amount of money you are willing and able to spend on online slot casinos without negatively impacting your finances or daily life. Stick to this budget and resist the temptation to chase losses or exceed your limits. Treat gambling as a form of entertainment, and be prepared to lose the money you wager. Furthermore, set time limits for your gambling sessions. Online slot casinos can be highly engaging, and it is easy to lose track of time while immersed in the games. By setting specific time limits, you can ensure that gambling re
Read more

Exploring the Origins and Legal Landscape of Psychedelic Gummies

Image
  Psychedelic gummies have burst onto the scene, captivating the curious minds of both seasoned   psychonauts   and those new to the world of psychedelics. But where exactly did these mind-expanding candies come from, and what is their legal status? The origins of psychedelic gummies can be traced back to the increasing interest in alternative, user-friendly methods of consuming psychedelic compounds. As the psychedelic renaissance gained momentum, innovators sought to make these substances more accessible to a broader audience polka dot shroom gummies . The result was the creation of gummy candies infused with psychedelic compounds like psilocybin or LSD. However, the legal status of psychedelic gummies varies depending on the jurisdiction. In many places, substances such as psilocybin or LSD are considered controlled substances, making the sale and possession of psychedelic gummies illegal. Manufacturing and distributing these products may carry serious legal consequences. That being
Read more