Bitoin will be available at 36k within a few hours! And if bitcoin cannot hold 35.5k, we will see a downtrend which will lead us to 27k or even as low as 22k in a week or two. We can see some resistance at 31k but most probably it'll be broken. TRADE WITH CAUTION!!
@Jewnicorn, It's so funny seeing people trying to predict Bitcoin's price.
EasyMoney1000
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@Jewnicorn, Still hoping bitcoin to hit 44k before the dump
Zazzy_pee
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Ether2020
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Very true my friend! I agree with that and the reason is the China problem and regulation which will address all anonymous accounts for Bitcoin. Not a positive sign!
bed87
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@Ether2020, So send back to cash in bank account and forget?
Ether2020
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@bed87, If this regulation will go in force we get the following. All exchanges need to address the anonymous accounts. All accounts will be on verified names only. People who cannot proof where the crypto came from have a huge problem. Of course if you send the crypto to your own wallets and keep it there it is not a problem. But if you want to exchange that to fiat you cannot unless you prove where it came from.
This is not a light thing what is happening and the reason is that the world central banks see the marketcap rising and they see it as a big problem. If everybody would accept crypto as a payment there is no Dollar or Euro needed anymore!
bed87
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@Ether2020, Okay, thank you for the information. So, if I want to keep my dollar value and avoid any complications for sending to my bank account I should send it back there BEFORE all of this new regulation comes into affect? Send from my personal wallet back to the bank? OR if I plan to buy again crypto in the future do I keep my value back to the exchange? I do not want to prove where it all come from however, but I wouldn't want to be say, be banned from buying it again in the future. It's a tough situation.
Ether2020
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@bed87, There are a couple of options. You can transfer the crypto back to your personal wallet and just let this sit there. Later on, converting to fiat may even become impossible. If you transfer the crypto back to your bank to convert to fiat the bank knows this and you will have to pay taxes on the profits. If you have been busy trading this tax is higher than if it has always been in a wallet. These are the rules in the EU and are different in all parts of the world. Through the blockchain one can trace back everything that happened with the crypto except with some special coins.
If you leave the crypto on the exchange you are required to identify yourself. Then the government of your country automatically knows that you have an account at an exchange.
It's all very difficult if you can't account for the money. That's what I mean by regulating. It will have a huge impact on everything. It was coming. The central banks want to secure their own currency and they know very well that the key is in converting crypto to fiat and putting every crypto account in the name of the exchanges.
I hope this info help you a little. It is good to start looking now for solution before it is in force!
bed87
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@Ether2020, So you're saying if I want to use this money at all in the future, I should convert back now to fiat before it is too late? Also, I am technically still at a loss, as I have been buying crypto for years now and am not at the moment "in profit" anyway in total, I've spent more on it than I have made, if that makes sense?