In the cryptocurrency world, negative trends tend to dramatically affect people’s opinions. Many cryptocurrency investors are concerned about the decline in the price of Bitcoin, which has occurred at the moment.
However, this distracts their attention from the global situation, which still creates a very promising future for the cryptocurrency.
A temporary decline in the value of Bitcoin
We see big dips every year, but often the year ends with a record high of value. This cycle has been present for some time and many believe that it is destined to be repeated.
However, speculators can have different attitudes to this opinion. This recent fall in the price of Bitcoin has disturbed a large part of investors despite the excellent prospects for 2018.
Every drop in Bitcoin price is a new opportunity to buy. Lower prices will attract new speculators and investors. Everyone knows that Bitcoin reached $ 19,000 last year. There’s no reason to think we won’t see that price again. Some people even predict a BTC cost of $ 29,000 by the end of this year.
Future growth rates will be one of the most important technical achievements. Most people already know that SegWit adoption is growing and covers a huge number of projects. This results in lower fees and a normal transaction confirmation time.
All these trends are incredibly positive for the leading cryptocurrency in the world, if you look at its promising future.
However, SegWit will not be able to raise the value of cryptocurrency alone. This paves the way for Lightning Network. This solution is the scalability of the network seems to be closer to the main run every day.
When it happens live, it will definitely shock users around the world. However, other technical developments are needed to improve the overall ecosystem.
The future looks very bright for Bitcoin and People are ready to see it. The current fall in its value is only a temporary setback.