Stop for a momment and just take a wacht on What is Happening

[outsidertrader]

Let's face it.
Think about it, Bitcoin around the world is taking control of a significant part of the economy.
Banks are very stressed by all this and pressure governments to try to destroy what the Bitcoin network has built.

It has been a long time since the free economy does not appear here on planet earth.

Controllers do not want to lose control, system slaves are afraid of losing something they have built.

Bitcoin will be tested strongly this year, many laws being created, regulations for brokers and users, great pressure from the current economic players to push the market down the ladder, so they can slow down the technology during their learning time, staff hiring and all that paternalistic paraphernalia of the current system.

Bitcoin has no physical value, so its demand depends only on its usability. If it is forbidden legal companies will not be able to use it, you will only transact with individuals, the lack of liquidity will dethrone Bitcoin while other currencies, with the support of the controllers, will be created and pushed to the system.

Like all technology, Blockchain needs time to heal. We experienced a great boom of altcoins and analyzing one by one it is noticed that although there are serious projects behind, most of them are nothing more than a scam to raise funds for the launchers of ICO.

There is a lot of crap in the market and this takes away credibility for anyone who wants to seriously invest in this innovation. it needs a shake.

The value of Bitcoin and its transaction rates reached disproportionate levels pushed by ICOs and a deregulated market. And the worst of it is that it has now caught so much attention that it has become the enemy of the banks that are who controls the system.

We then have 3 shock waves connected to each other that Bitcoin faces:

Regulation
Demand
Distribution

After this shock waves the survival Bitcoin will experience a flood of funds increasing its price and providing a free market. On the other hand if these barriers are not broken, there is no guarantee of support of its price.

The technology called Blockchain on the other hand came to stay. Its format and configuration are innovative to the point of supplying much of the need of the internet network.

Altcoins with serious projects, based on their own Blockchains has great possibility of growth and appreciation, those who venture to study and find those more serious altcoins will have a great digital asset in hand as we are only in the beginning. We must sift the market.

With the regulation of Exchanges and Businesses, a new market will emerge and finally merge algorithms with values. The financial market is changing, just as advertisers and journalists have experienced a shake in their job market with social media, economists and financial analysts will need to reinvent themselves to embrace the new economy, meanwhile they will be resistant.

The power of mining is another setback in Bitcoin. The power consumption is so high and has risen so fast that it will push the cost of electric power up. This will make the activity less profitable and less attractive for large mining blocks.

It is advisable to direct studies to other types of mining that do not consume so much energy otherwise it will limit the growth of this technology.

This fact has for a moment triggered a positive development in the computer market and this should not stop there. Have you tried buying a video card in the last few days? See how many new video cards they invented? There is a great technological advance to come both in the computer market and in the energy market and this all pulled by Bitcoin and Altcoins.

This technological evolution is exactly in the programming of the fate of civilization. There are no barriers to new inventions. But if on the one hand some industry is happy on the other hand the banks are very very worried...

If it does not kill, it strengthens.

So, can you imagine what's coming next?

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[777asianinvasian]

I can try lets see we are going to have mass amount of taxation laws, regulation, and all around attempt to control cryptocurrencies. Not only that but I think we will have centralized back coins more and more popping up due to the success of Ripple. You see Telegram wants to run an ICO and they are a company what happens when USA or Russia wants to make their own coin? That will seriously disrupt the nature of cryptos because it won't be how the system began out and intended. What is even sadder is the sheep who are getting fleeced by the current system will follow the fleecing into the blockchain sector and the problem will be the same. Hopefully we can educate those who do not understand and actually provide a revolution and resist these centralized coins. Education is key, we must educate our fellow mates on the matters of centralization and decentralization.

[Silberman]

I can try lets see we are going to have mass amount of taxation laws, regulation, and all around attempt to control cryptocurrencies. Not only that but I think we will have centralized back coins more and more popping up due to the success of Ripple. You see Telegram wants to run an ICO and they are a company what happens when USA or Russia wants to make their own coin? That will seriously disrupt the nature of cryptos because it won't be how the system began out and intended. What is even sadder is the sheep who are getting fleeced by the current system will follow the fleecing into the blockchain sector and the problem will be the same. Hopefully we can educate those who do not understand and actually provide a revolution and resist these centralized coins. Education is key, we must educate our fellow mates on the matters of centralization and decentralization.

But that is inevitable is naive to think that after the invention of the blockchain and bitcoin the opponents of it will not begin to use it, in fact I think that plays to our advantage, the economic future of the world is very grim the more they try to manipulate it to fix the more they fail at it, at some point the system is going to collapse completely and bitcoin will be there to save the day and preserve civilization.

[TorbjornE]

To save civilization is too exaggerated (IMHO). The share of bitcoins in the economy is small - it is unlikely that it will affect global economic processes in the next few years.

[squatz1]

That's just not true; Bitcoin isn't taking over control of anything in the global marketplace, it just isn't. If you look at the actual data in Bitcoin we've got congestion on the network, tons of fees, and just overall tons of problems within infighting with the bitcoiners themselves. Every day people aren't going to want to use Bitcoin, they're going to want to stick with what has, and what will always work, which is fiat money.

Now, this may be shitty news for the people here who live, breath, and sleep Bitcoin. But this is just the facts.

[kevpantof]

To save civilization is too exaggerated (IMHO). The share of bitcoins in the economy is small - it is unlikely that it will affect global economic processes in the next few years.

Lol, while I was reading the post, I thought I was the only that disagreed with him. There isn’t many people making use of Bitcoin, just a few people and Bitcoin isn’t taking over anything at all. Bitcoin is not even up to the standard of competing with Banks and the government, cause they are able to end it at once. I’m very sure that everyone knows that.