In the cryptocurrency world, negative trends tend to skew people’s perception. More specifically, everyone is focused on the current Bitcoin price dip. It makes them lose track of the bigger picture, which still paints a very promising future for the world’s leading cryptocurrency. A lot of positive things will happen in the next few years, regardless of the current Bitcoin or future Bitcoin price.
The Bitcoin Price Dip is TemporaryIf history has taught us one thing, it is how the Bitcoin price tends to bounce back strongly. We see big dips every single year and often end the year with an all-time high. This cycle has been present for some time and seems destined to repeat itself. Speculators may feel differently about that outlook right now, though. This recent Bitcoin price dip has a lot of people concerned, even though things will be just fine.
More specifically, every Bitcoin price dip is a new buying opportunity. Lower prices will attract new speculators and investors alike. This is the way it has always been in the financial sector. Cryptocurrencies are no exception in this regard. Everyone knows Bitcoin hit $19,000 last year. There is no reason to think we won’t see that price again in the future. It may not happen in 2018, but it will eventually happen again. Some people even predict a BTC value of $29,000 by the end of this year.
Fueling the future Bitcoin price growth will be some major technical developments. Most people already know SegWit adoption is increasing as we speak. This leads to lower fees, normal confirmation times, and transaction batching. All of these trends are incredibly positive for the world’s leading cryptocurrency when looking at it from a long-term perspective.
Other Major Developments on the HorizonSegWit alone will not make Bitcoin great again, though. It does pave the way for the Lightning Network. This scaling solution seems to be closer to a main net release every single day. When it goes live, it will certainly shake things up for all Bitcoin users around the world. Even so, other technical developments are needed to improve the overall ecosystem.
In the near future, we will see more sidechains such as Rootstock. There’s also the likes of drivechain, Liquid, and a few other sidechain projects to keep in mind. All of these new features will unlock new possibilities for Bitcoin in the future. In time, they will also impact the Bitcoin price in a positive manner.
For those looking for more privacy, Bitcoin will have you covered as well.
Tumeblebit and
ZeroLink are two projects definitely worth keeping an eye on. Their integration may not necessarily happen in 2018, but the overall improvements will attract fresh capital regardless. The future is looking extremely bright for Bitcoin, assuming people are willing to see it. Looking past the current Bitcoin price dip is difficult, but this is only a temporary setback.
https://www.newsbtc.com/2018/03/10/looking-beyond-bitcoin-price-dip-solid-technical-improvements-ahead/....
This article extols the virtues of: segwit, lightning network, rootstock, drivechain & liquid as scaling solutions which will positively affect bitcoin's price in the future. Tumblebit and ZeroLink are also being advertised as future anonymity / privacy solutions(why no mention of chipmixer). With the exception of the most obvious examples here, I have not heard of any of these projects. Can anyone share information or experiences with them or perhaps offer an opinion on how beneficial they are likely to be to bitcoin's future?
It seems as if every few months there's a new technology which claims it will revolutionize bitcoin and blockchain as we know it. I hope some of these projects pan out better than the ones I heard about last year which seem to have disappeared.
