I started participating in this market around March 2017, when the price of Bitcoin was just over $ 1,000 and by the end of 2017 it was up to $ 20,000, I realized that the price of bitcoin was greatly affected by "Acceptance", the acceptance here could be from countries, companies, large businesses, and people in large markets like the US, for example.

The main reason for pushing the price of Bitcoin to $ 20k before the end of 2017 is because of the "Bitcoin Bitcoin Contract" of CME and CBOE - the two largest stock exchanges in the United States, which have brought Bitcoin futures to their trading floor. and the FOMO effect have pushed the price of BTC to the highest level in history. After that, when these futures contracts matured and some countries tightened their management, many bad news made investors no longer believe in the future of BTC, they sold off and pulled the price of BTC. Gradually reduced to the current level of more than 5,000 USD.

But I personally still believe in Bitcoin in the future will become a form of legal payment in many countries and a large number of users will accept it as well as other coins like Ethereum, Ripple, ... because they There are advantages that money cannot have. I still invest in cryptocurrencies and keep some coins from the time of the highest price, of course I will have my own investment strategy to preserve capital.

Bottom line: Bitcoin in particular and virtual currency in general are still a potential investment in 2020 and beyond, the long-term trend will still increase and start to stabilize, but before joining. You must always determine that investing in virtual money is a form of super-profitable investment, a chance to make a lot of money, but the risks are always potential, only invest with the capital that you can lose and take responsibility for yourself. that amount of yourself.