I had predicted Bitcoin would finish the year off between 14k and 16k, and at the time I said that was not 100% but could happen. Little did I know Bitcoin would come close to touching 20K, never expected that.
I think a lot of things are up in the air for 2018. Will Bitcoin find better scaling solutions. Will altcoins continue to take some marketshare from Bitcoin? Right now I'm not as optimistic about Bitcoin as I had been in the past, scaling is a huge issue, fees are high, transfers are slow, atlcoins are gaining in popularity and stealing marketcap. Even if Bitcoin gets lightening network the little bit of it I understand I'm not a huge fan of. Honestly I think I may prefer to just see bigger blocks, even though I'm not really a fan of bcash and I think that's kind of their solution but I think I would prefer that to lightening. I'm not super technically knowledgeable so not really sure what possible solutions are. That said I think Bitcoin could get back into the 20k to 30k range in 2018 but personally I don't expect 50k or 100k like many people say. If a Bitcoin ETF comes out in 2018 that could bring some value back to Bitcoin
I had predicted Bitcoin would finish the year off between 14k and 16k, and at the time I said that was not 100% but could happen. Little did I know Bitcoin would come close to touching 20K, never expected that.
I think a lot of things are up in the air for 2018. Will Bitcoin find better scaling solutions. Will altcoins continue to take some marketshare from Bitcoin? Right now I'm not as optimistic about Bitcoin as I had been in the past, scaling is a huge issue, fees are high, transfers are slow, atlcoins are gaining in popularity and stealing marketcap. Even if Bitcoin gets lightening network the little bit of it I understand I'm not a huge fan of. Honestly I think I may prefer to just see bigger blocks, even though I'm not really a fan of bcash and I think that's kind of their solution but I think I would prefer that to lightening. I'm not super technically knowledgeable so not really sure what possible solutions are. That said I think Bitcoin could get back into the 20k to 30k range in 2018 but personally I don't expect 50k or 100k like many people say. If a Bitcoin ETF comes out in 2018 that could bring some value back to Bitcoin