I am really trying to picture what the market cap would be like next year as the adoption is going to turn out massive than what we have had this year. So many countries are really looking into the blockchain technology at this moment; a lot of companies are looking at how they can make things work as they partake in the technology as well. However, my main worry now is the transaction fee as well as the long period of confirmation which is not really speaking well, but with the LN being established, it would really bring a huge positive impact.
We have literally been spoiled with how the market has increased nearly 700% in less than 12 months. However, we shouldn't expect it to stretch out all the way till next year similarly. I am confident in a further increase for sure, but nothing like what we have experienced this year, and that while there is still more than a month to go. If we maintain the bullishnes, we might attempt to reach $20,000 next hear in the best scenario, but let's first see how things are when it comes to CME. They have the ability to push this market closer to $20,000 than I think is possible right now. Obviously, that's assuming they manage to get an approval.
now bitcoin prices are very surprising ,, but we are all still save for next year ,, and hope the price will increase drastically .. I was convinced that the current price is still cheap if we compare with next year ,, one of the risks is when found a drastic price collapse .. it could happen when transaction costs do not make sense
We have seen the transaction cost being the real issue of bitcoin? But why is the price still skyrocketing? It doesn't make sense. However, the reason that I'm seeing why bitcoin is still rising despite the high cost of transaction is that it has gained the confidence and trust of most of all investors, not just investors but big time investors. So this march will still continue up to 2018 and we can see bitcoin trying to test $10K early 2018.
It will be a heck of a ride and its gonna be fun, so matter what the transaction cost is, its doesn't matter, as long as investors are pouring in cash, there will be no problem and the price will continue to rise, I guess.