"Bitcoin fell almost 9% to just under $10,000 after the Securities and Exchange Commission said that all so-called exchanges of cryptocurrencies should be registered with it. The SEC warned that it doesn’t review trading protocols on platforms such as GDAX and Gemini, and that access to their services “may not be the same for all users.” The statement follows reports that several platforms were subpoenaed last week for suspected violations of securities laws. Bitcoin has almost halved in value from its high in December of $20,000, as concerns mount over stepped-up regulation of trading, mining and initial coin offerings."
I’ve been saying for a long time now that Bitcoin was gonna do that once all the regulations kicked in cuz of all the illegal activity, and than there’s entire countries like China and South Korea banning it all together.
That’s why I haven’t been too excited about it for now, I’m waiting for the regulations cuz that’s when the value’s actually gonna be consistent like other currency, without knowing what the regulations will be it’s hard to speculate on
There’s still plenty of value in it and Musicoin though, even after the regulations it still might have more than or equal the value of regular currencies.
My only other concerns been the hacks of accounts and Crypto businesses, for Crypto Currency to have the most value it has to be safer than a Bank vault, Crypto’s cyber based, so easier to scam and hack people.