Well 2017 Will Go down in History as the First Wave of Mass ADoption of various cryptcurrency Assets and Implementation of Blockchain Technologies
But What Will The future Hold? Will Bitcoin Crash? Will The Governments Step in and Issue They're own Cryptocurrency Thus Controlling The Money Supply Indefinitely heading the words of various conspiracy theorists and Anarchists?
I can tell You one Thing and One thing for sure, The ICOs Will continue. Many Companies will Go Boom whilst many will go a bust. This Rapid Influx of Dumb Money into the crypto space will led many new innovations in the blockchain learning space as well as various applications such as website hosting, ecommerce and AI Machine Learning.
Does The Future Sound Scary yet Exciting at the Same time? Indeed it does....
Heres How I see The Space Developing in 2018
1. Total Market Cap of All Cryptocurrencies will Reach and Exceed $1 Trillion
Note That this Picture is wrong. The Total Market Cap is now 6x This amount. The Parabolic Moves of The Cryptospace is set to exponential increase in the coming weeks/months. With The space Rapidly Exploding, only a few Truly innovating blockchain products will make they're way to the top
2. Bitcoin Will Fall From #1 Cryptocurrency by Market Cap Unless Tx Fees are Cut and Lightening Network is Rapidly Implemented
Bitcoin Has Become Exactly the opposite oh what it was Originally Set to Be. The idea of being able to send $1Million or $1 Worth of Value and have the Tx Costs be Small in comparison to the amount has not been replaced with greedy miners and an unusable network. Unless Something is done Rapidly the network will be greatly hindered to even transfer between exchanges. Why would I Use bitcoin To send $100 when it costs $20 when They're are so many alternatives?
3. Social Media Platforms Such As Steem will Continue to Develop and Emerge If not Already taken Up by Facebook, Youtube Etc
As Fellow Steem Users know, the future of Social media and Content Will No Longer Rest on the Hands of Corporate Giants such as FB and Google. We Will Undoubtedly See a RAPID rise of other platforms and hopefully an increase in the Steem Userbase. The future may look scary when one thinks about AI and Machines doing all the Job, a Common prediction is that the real jobs of the Future will be in Content and Creating Digital"Stuff" for others to consume. This is So true, the Problem we have is how exactly is the user being rewarded? The Phycological Feedback Loop will not be enough to feed the Next Digital Generation, Convertible Token and Payments is the Most Logical and Probable Innovation to all Social Media. The Big Question Begs is Weither The Current Social Media Mega giants will Step in and Realize this and implement they're own Cryptocurrency or will something else rise?
4. Governments Will Either Utterly Accept Crypto, Issue They're own or completely Outlaw
Im sure that We All Used to Think of the Utopian Contrarian View of a Bitcoin World where the Federal Reserve, ECB, BOJ and All Fiat, Debt Slave institutions would seize to exist is becoming less and less of reality. While it was a great thought, the system has far too much of hold of the People and They're financial Beliefs. The unwillingness of the masses through conditioning cannot be reversed, it can only be implemented further. The Greatest Conspiracy Theorists Claim Bitcoin Was Launched by the Government to test the waters on the adoption of a cryptocurrency. I have to argue against this, but the fact remains that They Have now Infiltrated the Bitcoin Network and Thus made it UsableBut Even Though Bitcoin may already be compromised(I Personally Believe So) They're is far too much exposure and other projects being launched on a Daily Basis that will and Can serve as Alternative. How Governments will React will Play a Key Pivotal Role in 2018. I See the Mass Western Countries Adopting New Crypto Asset Laws While A Few Smaller Commodity Based Countries will Begin to issue they're own Cryptocurrency as seen by Venezeula and Russia. A large Western country is far far far away from adopting a Cryptocurrency. If This were to happen, as it is in Venezuela and Russia, This will NOT Mean Cashless Society. This Will be a Combination of Both for the time being.
Happy 2018 From #Australia @ScholarGC! Saw your post on Twitter! Thanks for the Share. Interesting Read and Drawn Comparisons.
Subscribe & I Will reciprocate.
Cheers!
thanks mate
( : Most Welcome! Let me know if you followed ill sub back.
yep i dide. Quite impressive profile! Olmypiad? GoddamN!
Fantastic! Thank you for the engagement! Ive got a fun life indeed! ( : Followed you 2... looking forward to more content.
bitcoin prices should go up if the Tx Fees are solved. I see the current Price retracing to $5000 to make new lows before eventually going higher