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Author Topic: Could we expect more years like "2017"?  (Read 2483 times)
Red-Apple
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December 09, 2017, 02:00:28 PM
 #21

rises like this happen because of adoption. and adoption is not a process that always happens slowly. sometimes like this past 2-3 months, the adoption suddenly grows too big and too fast, and with same speed, even faster at times, the price rises.

so if we see the same adoption growth in 2018 and so on, we will also see bigger rises in the future.

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ismadanniel
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December 09, 2017, 02:09:07 PM
 #22

yeah next year will be more maybe 2-3x than this
Hexah (OP)
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December 10, 2017, 01:32:28 AM
 #23

More and more people flocking to get their share = more growth than what we expect. Seriously, I haven't had high hopes for bitcoin to run past $1000 on 2017 and I've never been so wrong in my life. No news, no main driving force for the price to leap and no good developments then suddenly it blew up! 2018 would be one of the most bullish years for bitcoin and hopefully it run past through $20000 as everyone wants it to be.
I never expected it too and many also believe that it would be probably be just $5k by end of 2017 but bitcoin proves us wrong or nevertheless should I say this enthusiast proves us wrong. I/we don't know what 2018 would bring for the future of bitcoin but I am in touch that history may repeat again.
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December 10, 2017, 01:44:09 AM
 #24

I think bitcoin will continue growing next year just like what were seeing today, bitcoin is just in the early stage since this is the only time people are actually acknowledging bitcoin is real, proofs are more and more people investment, large financial  companies are switching to bitcoin investment also.

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December 10, 2017, 01:45:12 AM
 #25

We all know that this year we experienced bitcoin surging up so high from $1k in January then on this month of December it almost touch up to $20k. So, do we have to expect more on Bitcoin just like this in the coming years that will go through?

Historically, yes. We saw this kind of growth in multiple past cycles, namely in 2011, March-April 2013, and November-December 2013. I think of these cycles as "Gartner hype cycles" which are sometimes used to represent the adoption and social application of certain technologies.

Many people believe that Bitcoin is experiencing the "S-curve" technology life cycle, which suggests a vertical/exponential increase in adoption at some point. It looks like we could be seeing that now, since Bitcoin's price in deflationary supply should reflect adoption rates according to Metcalfe's Law. If this is truly the case, we can definitely expect more years like 2017, until the top of the S-curve has occurred. After that, Bitcoin could be a mainstream, traditional commodity like gold or oil.

Yamifoud
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December 10, 2017, 01:50:12 AM
 #26

I know we are looking for more progress and improvement of bitcoin and the entire cryptocurrency. Of what have happen to bitcoin in this year would something be happen again and much more. Although we can't really predict the life span for this, but positively hoping that it would still exist for a long time.
Slash61
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December 10, 2017, 01:59:18 AM
 #27

as we all know, bitcoin seems to have started packing its wings in the last few months of this year. I myself bought it and held it to date, seeing many people speculate the bitcoin price in the next year will exceed $ 30k. it makes me more excited to hold all bitcoins for the next few years.

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December 10, 2017, 02:30:28 AM
 #28

Here is the most authoritative answer any one can give: No One knows!
Whether you think it will go bust, stay flat, or skyrocket it's all conjecture. No one really knows.

What we do know is blockchain and crypto currencies are here to stay (at least until the lights go out Smiley.

BTC would not be the first new technology to blaze the trail and then get replaced by a better version with refinements to the process. While we can thank it for bringing cryptos to the awareness of the general public. there are some glaring problems with using Bitcoin as a currency.

1. Most people don't want to gamble their everyday checking account funds on something as volatile as BitCoin. It's success could well become the reason for it's demise (which futures might play a role in).

2. The scarcity factor. While that has certainly played a role in it's rise, a currency for general circulation needs more liquidity.

I would keep your eyes open for a crypto that brings the following factors together.

1, Greater quantity/Liquidity: If your going to use it to buy groceries, gas, bridge tolls, etc., you need easy access to adequate quantities.

2. More price stability:
Do you really want a currency whose value can fall by half between the time you deposit a paycheck and the time you pay your rent?  We've seen that with fiat currencies. It's called hyperinflation.

3. Some investment quality (inflation insurance): 
Imagine a crypto whose price was pegged to something in the real world. It could be gold or silver (or any other commodity), but it could also be pegged to the dollar adjusted for inflation, so if inflation is 6% your money gains 6% against the dollar as you hold it. With a peg like that you would have an incentive to get out of dollars and into the crypto as fast as possible, but without a scarcity factor it would not drive the price up or become hard to get. This structure would give average people the ability to hold their ground against inflation. If the dollar ever collapses, your protected.

4. Broad commercial and acceptance with banking support:
Imagine a crypto debit Visa card that allowed you to hold a crypto currency, but pay in your choice of dollars or crypto. So you buy some thing on amazon and they take payment in crypto, so you select crypto, but then you buy a loaf of bread and they don't take crypto so you slide your card and they get paid in dollars (your bank converts your crytpo into dollars at the time of sale and pays the store in dollars.

One of the things that has made cryptos attractive - the speculative investment potential - also makes them less attractive as a currency, so as this area matures, I'd look for a crypto with some or all of the previous characteristics to become a common currency.
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December 10, 2017, 03:05:37 AM
 #29

We all know that this year we experienced bitcoin surging up so high from $1k in January then on this month of December it almost touch up to $20k. So, do we have to expect more on Bitcoin just like this in the coming years that will go through?

For me I think I will be positive as this years has and hold the Bitcoin that I have right now.

Many speculations saying that the upcoming year will be the year for the altcoins. I can also feel it that altcoins will pump this 2018. They have been sleeping for so long and its time for them to wake up. As for the Bitcoin, I can also feel that will stabilize its value or will slightly rise alig with other coins. 2018 will be the year for cryptocurrencies.
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December 10, 2017, 03:33:17 AM
 #30

I think bitcoin will continue growing next year just like what were seeing today, bitcoin is just in the early stage since this is the only time people are actually acknowledging bitcoin is real, proofs are more and more people investment, large financial  companies are switching to bitcoin investment also.
the bitcoin keeps increasing the price so long that the government meets to track the current bitcoin development.
the reason for the bitcoin is rising we do not know it until now, so the bitcoin will get high and the government is hard to track.

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December 10, 2017, 04:31:46 AM
 #31

We all know that bitcoin has great business this year and always growing not only in price but in all aspect. I visualized that this coming 2018 is another great year not only for bitcoin but also in the other crypto currencies. I'm sure bitcoin will give us another opportunity to earn more next year.
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December 10, 2017, 04:52:28 AM
 #32

I don’t really think we will see another year like 2017 with Bitcoin. It has grown 1,300 % this year and at its current value that would be beyond crazy to repeat.

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December 10, 2017, 04:56:26 AM
 #33

Yes sure. I am almost 100% sure that 2018 will be far better than 2017.
Shamie1002
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December 10, 2017, 05:04:41 AM
 #34

I think it's possible and feasible to happen but with prices too high I think it will not be accessible to an average person anymore. The hike is possible only if eryone could avail the price in few amount of bitcoin.
Some may be hesitant onwards. The only way people can earn is by doing jobs which in contrary some ignores already due to processes involved.
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December 10, 2017, 05:05:48 AM
 #35

why not?

this is just a beginning. the adoption boom is happening right now and that always causes a rise like this. and as it grows more, the rise becomes bigger too.
but at the same time this year was a huge rise and it needs to slow down even for a little while and start going down. as it has started a couple of days ago. $19k was a bubble which needed to burst and when a bubble bursts it takes some time for the market to recover from it an start up again.
this means a little slow down, some consolidation and then rise.

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December 10, 2017, 05:06:35 AM
 #36

bitcoin reached 10k easily this year. I believe it will hit 20k very soon
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December 10, 2017, 05:25:01 AM
 #37

Bitcoin has been in such a good track for the whole year and as the year is coming to its end, Bitcoin continues to defy our expectations due to its significant increase in rate. There is no doubt that Bitcoin can reach higher grounds as time passes by. I am positive that things would contine  to flourish for this cryptocurrency as the demand for it Is greatly high. Hopefully, more people would be encouraged to use it wisely to preserve its value
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December 10, 2017, 05:39:08 AM
 #38

yes definitely. as many technologies are being developed to enhance the blockchain to increase the value of cryptocurrencies. for example FAB company is one of them that has technology to solve current blockchain problems. please check out www.fa.biz
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December 10, 2017, 05:47:59 AM
 #39

We all know that this year we experienced bitcoin surging up so high from $1k in January then on this month of December it almost touch up to $20k. So, do we have to expect more on Bitcoin just like this in the coming years that will go through?

For me I think I will be positive as this years has and hold the Bitcoin that I have right now.
2017 isnt only important in terms.of price surge. Its important in terms of advertisement and publicity of bitcoin too. 2017 was the year when the market cap multiplied by like 30 times. 2017 was the year when a lot of new people joined in this journey of bitcoin I highly doubt if any year could match this year because now authorities are also looking forward to assure bitcoin isnt misused.
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December 10, 2017, 06:00:40 AM
 #40


1. Most people don't want to gamble their everyday checking account funds on something as volatile as BitCoin. It's success could well become the reason for it's demise (which futures might play a role in).

2. The scarcity factor. While that has certainly played a role in it's rise, a currency for general circulation needs more liquidity.
Bitcoin seems to have no need of being a currency, at least for the time being. It has become more of a commodity and a store of value in the eyes of general public and new adopters. The futures trading will also strengthen this position. It doesn't make much difference now whether it finds widespread acceptance for buying/ selling or not.

I would keep your eyes open for a crypto that brings the following factors together.

1, Greater quantity/Liquidity: If your going to use it to buy groceries, gas, bridge tolls, etc., you need easy access to adequate quantities.

2. More price stability:
Do you really want a currency whose value can fall by half between the time you deposit a paycheck and the time you pay your rent?  We've seen that with fiat currencies. It's called hyperinflation.

Cryptos have been coming and going for quite sometime now. None have approached the widespread acceptance as well as authenticity of BTC. You need the distributed infrastructure running on insane miners around the world to make a strong blockchain and a strong currency. This doesn't seem to be happening for other coins so easily. Its a mad rush to the BTC front gates. Few people have the time or inclination to loo out for other crytpos vying to replace BTC.
Though if such a situation arises, it'll be pretty painful and may make everything go bust for a while

3. Some investment quality (inflation insurance): 
Imagine a crypto whose price was pegged to something in the real world. It could be gold or silver (or any other commodity), but it could also be pegged to the dollar adjusted for inflation, so if inflation is 6% your money gains 6% against the dollar as you hold it. With a peg like that you would have an incentive to get out of dollars and into the crypto as fast as possible, but without a scarcity factor it would not drive the price up or become hard to get. This structure would give average people the ability to hold their ground against inflation. If the dollar ever collapses, your protected.

4. Broad commercial and acceptance with banking support:
Imagine a crypto debit Visa card that allowed you to hold a crypto currency, but pay in your choice of dollars or crypto. So you buy some thing on amazon and they take payment in crypto, so you select crypto, but then you buy a loaf of bread and they don't take crypto so you slide your card and they get paid in dollars (your bank converts your crytpo into dollars at the time of sale and pays the store in dollars.

Both these things you are proposing are good qualities for a currency of course, but it doesn't look like that bitcoin depends on this recognition anymore. Even if so, Bitcoin value does increase over time and it is widely accepted, atleast the most commonly accepted currency now. So it already has these two qualities.

What we also need to keep in mind that the bitcoin team has the oldest devs in this line. Every innovation worth mentioning has started off from them. Its hard to find another crypto whose innards both technically as well as socio-economically have been debated and propagated so much. That makes it robust.
The development is agile and Bitcoin seems to have taken everything in its stride. Once we can get over the debate of LN leading to centralization, I think we'll be well on our way to see BTC as the Prime.

As far as similar growth is concerned, I think 2018 will begin with cyclical adjustments that happen with plenty of new investors onboarding. This will be the time for Alts to grow as well as those ICO roadmaps to show that they are worth anything or not.

Once we get some major news from successful ICOs, regulations for ICOs will most probably kick-in to sanitize the space. Thats when we'll see another big jump in BTC.
If there's a currency that can potentially be replaced amidst all this, its ETH. BTC will hold its own in my opinion.
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