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The current crisis in the encrypted market has many investors questioned about the possibility of increasing the value of cryptocurrencies. Among the coins under discussion is the Bitcoin (BTC). The currency has managed to stay on top for over a decade. The recent months had not been favorable to money. The price had declined and was alternating between $ 8,000 USD.
Investors are already questioning the wisdom of making money for a long time. The price of Bitcoin (BTC) took its nose towards the end of 2017. It was hoped to go back in the early months of 2018. Instead, the price was constantly fluctuated. The current fluctuation between $ 8,000 and $ 10,000 has forced many investors to lose the hopes of Bitcoin (BTC) to bounce.
It is pertinent to note that the currency had faced a similar challenge before and won. Despite the fact that the market is not in the green, Bitcoin (BTC) has the opportunity to make positive impressions in the coming months.
Expected developments
Despite having a shaky start at the beginning of the year, Bitcoin (BTC) is set to solve some of its problems. The currency had been lashed for low volumes and high transaction costs. Although this has driven away some investors, there are planned improvements that will solve these problems.
The propagandized development of Segwit is a ray of hope for investors. The code for the coin's blockchain becomes rejuvenated when development is over. When this happens, the transactions will be faster. Investors are looking for improvements in the code, as this is believed to be the basis of scalability.
On the other hand, the critics had dragged the high transaction fees of the currency. The improvement of the code will also put this at rest. In its place, the fees for Bitcoin (BTC) transactions will be reduced. What a great joy it will be in the cryptographic sphere when Bitcoin (BTC) beats the speed of the Ripple transaction (XRP).
There are also talks on the introduction of the lighting network. Bitcoin (BTC) had been at its lowest level for much of 2018. The lighting network has the ability to increase currency transactions. Despite the suggestions, nothing was known about the planned launch of the lighting network. In the meantime, if the code improvement will pass, Bitcoin (BTC) transactions will be faster and cheaper.
Bitcoin (BTC) is the Store of Value
Thousands of alt coins managed to conquer the place of money. The closest rival, Ripple (XRP), is almost the first of the market capitalization. Despite beating Ethereum (ETH) in second place, it would have been a distant prediction that Ripple's XRP would be close to the first spot. It is worth noting the success of Bitcoin (BTC) in the protection of other cryptographic coins, despite the massive drops in its price.
Although it has a limited use case, its control over other digital currencies is not questioned. For ten years in a row, he had been the king of all cryptographic currencies. Another reason why the currency will keep the fort for a long time is the deposit.
Investors have often considered Bitcoin (BTC) as a store of value. When compared to other currencies, it is clear that Bitcoin (BTC) is more a resource than a means of transaction. To this end, Ripple accelerations (XRP) may have less impact on usurping a bitcoin-like cryptographic sphere.
In spite of the fact that Bitcoin (BTC) has a less sophisticated technology, its solution has helped the packaged to have access to finance. Investors prefer to make transactions via Bitcoin (BTC) due to the underlying storage.
Doubled support has a positive impact
The major cryptographic currencies such as Ethereum (ETH), Ripple (XRP) and Bitcoin (BTC) recorded the largest gains. The year 2018 made them crash like a deck of cards. At the moment, investors are divided over the digital currency to support.
While the tents are launched with Ripple (XRP), Ethereum (ETH) also receives support before the bullish run promoted in 2019. Despite these, Bitcoin (BTC) has the biggest rally from experienced investors. The goal is to guide adoption and facilitate transactions with the currency.
The frenzy of the Bitcoin rally is driving the enthusiasm of the market. More investors are seeing the reasons to get on board. Despite criticism following the fall in prices, it is expected that Bitcoin (BTC) will reach $ 20,000 before the end of 2018. It remains to be seen whether this statement becomes a reality. The idea for the rally is to create more awareness. Backed by investor fire interest, Bitcoin (BTC) is set to increase.
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