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I am extremely excited about the prospects for bitcoin this year. There's four main points I want to highlight to illustrate why:
- With the blockreward halving just a few months away, the rate of increase in the supply of coins will be falling which will mean less sell pressure from miners who choose to dump their fresh coins on the market. This is bullish overall.
- Bitcoin development is looking strong. The block size limit debate and Classic uprising has finally subsided. Segregated Witness is going to allow for a soft increase in blocksize which will lift the ceiling significantly as new technology like Lightning Network can facilitate many payments, not just settlement.
- Many new exciting bitcoin services coming online -- OpenBazaar, Augur, and many VC-funded outlets are gaining steam, with BlockStream getting over $50 million in investments as well.
- The Ethereum bubble indicates strongly that market interest in cryptocurrencies is not going anywhere anytime soon. Bitcoin will rise in relevance too as it will always be the settlement for these other alternative cryptocurrencies. We are here to stay and the world's only true 24/7 market will always have a following and sufficient money pumped into it to make a living for traders many years to come.
This excitement is bound to create volatility, and while I am personally bullish, there's a lot of suspicion that we may have some fakeouts or other reasons that the price falls. Furthermore, if price rises, more people who have owned bitcoin in the $200-$300 range will have massive gains that they need to protect.
And what is the best way to protect value in bitcoin? Well bitcoin futures of course. That's where we come into play and we hope to educate a whole generation of intelligent bitcoin traders and normal bitcoiners who are well informed to perform basic hedges of their fiat value using futures contracts.
Stay tuned for some exciting new content ahead.
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http://www.bitcoinfuturesguide.com/bitcoin-blog/four-reasons-why-i-am-bullish-in-2016-plus-new-content-coming-to-bitcoin-futures-guide