Bitcoin, the virtual currency pressured to be real

The long-term concerns about the viability of Bitcoin , although this new model priced at nearly $ 1,000 , avoid participation. And the opinion of Saxo Bank, those concerns are still valid . This virtual currency has been very present lately , and not everything that has been positive , as indicated by the recent arrest of a Bitcoin trader in New York for money laundering . This must have been foreseen : limited offer and too much advertising and demand. It seems obvious in retrospect , as with many things.

Bitcoin is wrong to maintain the anonymity of their owners, although some users , among which include some very low esteem , adhered to it for that very reason . This gives the authorities an excuse to ban it forever and wherever they want. And this may be an unfair ban, based on false pretenses , just because the authorities do not like competition. Russia and China were the first to react.

Given its structure, ban Bitcoin not eradicate , but what will is to prevent individuals and companies that respect the law and use it , therefore, will make it virtually useless. So the false sense of security and truly unstoppable Bitcoin network offers , it does not really do much if concerted efforts are made to limit their market. Thus, we believe it would be wise to accept and adopt some degree of regulation , though this does not seem right to them several of his followers , if only to prevent a reaction even worse than the governments they do not like to be challenged its monopoly of banknote printing .

Of course, for those who were wiser than me and bought when the initiative was launched , the great increase in prices has been extraordinary , but it also carries some negative consequences. I think the high price and volatility ( has fallen from highs of $ 1.242 in late November to about $ 500 in a few hours ) , will make it more difficult to accept as a serious business .
The regulation may be the key

Bitcoin may be seen to face tough challenges in the long term , although it seems that this type of electronic currencies could get a place in the economy better elaborate structures whose values ​​are better associated with real assets. There is no doubt that several central banks made ​​mistakes when introducing its own fiat money without keeping any relation to reality , and it is expected that the successful private sector also has a better performance in the area of foreign exchange public institutions .

    All that can be set in the financial sector will be regulated.

With electronic currency regulation can be your gateway to true acceptance and success and, therefore, should not be seen only as something negative.

Bitcoin is still a small part of the economic system and do not represent a real threat to more established models in the short term . But if one day it does and if it exceeds the regulatory issues , will be received with open arms. This electronic currency is being increasingly used by migrant workers to transfer money home and , therefore , has begun to fulfill real purpose beyond ideological , which is promising.

The high volatility and ownership structure are a risk to all users of Bitcoin . And I think that over time new and better models is developed. It is common for the first act to win the game and take the pot , given the weaknesses I mentioned earlier , I think there is much room for improvement . At least 80 similar initiatives in the market are known, and most fail. But know first hand a couple of projects in the design phase with a better structure and can obtain a prompt delivery , which will turn them into real competition for Bitcoin .