What I find rather moronic about the FUD that scaremongers people about Bitcoin is they don’t seem to be able to tell the difference between Bitcoin and the Crypto Space. Are they saying people are too stupid to even look for themselves? Are they too lazy to inform people about the fact that Bitcoin is a currency and only a small piece of the Crypto Space?
As I look at the media coverage and its a bit like people calling for the end of the world as we hit year 2000 but then when it passes they simple move the goal posts and ignore that everything they said was wrong in the first place in the past. One thing I have realised over the last 15 years is how manipulated the media is and how difficult it is for people to see the reality from the fiction.
Bitcoin isn’t coming to an end and if anything its very likely to experience some upgrades at some point. At the same time even Bitcoin Cash which is a coin I have to admit I am no fan of how it has been manipulated it has found a space in the Crypto markets. As quite simply there is not one entry coin into Crypto but multiple something that isn’t discussed by the FUD pushers relating to Bitcoin. If you asked me which coins people use it would be Ethereum, Litecoin, Bitcoin and most recently Bitcoin Cash and even now Coinbase is looking to add more coins to its arsenal for 2018. Although there has been some issues relating to allegations of insider trading for Bitcoin Cash (another reason I am not a fan of it and some of the people supporting it, is they do seem to manipulate things for personal benefit). Yet if you look at the bigger picture Coinbase has been around since 2011 and its major movements and developments like many other in Crypto has occurred in 2017.
The reality for mainstream media and its supporters is that Crypto is evolving into a much larger entity with some real reach. It is no longer confined to being difficult to transact in and out of Crypto to FIAT which was a major problem previously but now we are seeing the rise of things like BonPay, BitPay, TenX and markets being able to move more types of Crypto in and out of FIAT. Which also means we are seeing the rise of the usage of Crypto. If the mainstream media wanted to talk about some facts they should have first considered why there is a huge jump in the value of Bitcoin even if it doesn’t want to talk about the much broader picture of Crypto Space. Which in reality is very, very simple more people are using it. The demand isn’t coming from speculation driven in the sense of holding Bitcoin but actually in its movement and usages. You only have to look at the number of constant transactions of Bitcoin to see how busy it has become. If anything the problem with Bitcoin right now is it can’t cope with demand. Simply visiting this site and looking at the traffic will give you an idea of what I am talking about – https://blockchain.info/unconfirmed-transactions
The Crypto space is very active as such the demand for Bitcoin for buying, selling, trading and holding is going up. Along with everything else in the Crypto Space we are looking at the evolution of what “was” possibly a fad into something far more mainstream along with corporate evolution. New businesses are being formed without the binds of restrictive red tape and yet these same entities may become the downfall of some more tradition businesses because they aren’t wrapped up in layers of documents and lawyers to get formed. Initial Coin Offerings (ICO’s) and Initial Token Offerings (ITO’s) have come of age and along with them more stabilizing entities in the Crypto Markets.
Yet I hasten to add that even this is only what we currently see as the Crypto Space is a bit like a mechanical computer that has yet to experience Micro Processing and electronics. Bitcoin is first generation and we are moving into a whole new realm as people see more possibilities the broader the opportunities will become.
One thing is for sure though Bitcoin is not the Crypto Space and even without Bitcoin the Crypto Space would continue although what I suspect is likely to happen is what is happening already. As Bitcoin feels the strain of demand people are moving onto other coins and with it the market continues to expand. Yet Bitcoin won’t simply disappear because if it ever did go back to being “quiet” the fact that it is would simply raise demand again. Right now though I am expecting Bitcoin to head through $25,000 in 2018 and I expect many of the investments I have forecast for 2018 already to outperform my conservative estimates. Not only because demand is growing but also many are coming from idea to project and now into real world solution.