2017 has being one of the phenomenal years for the people who had stayed invested till the last. It has given some of the unexpected rise during the last couple of months in 2017. Though the start of Jan 2018 was good the market kept moving up but during the later half the market started to sin and back to 10k levels at present.
How do you predict the 2018 year to be for bitcoin. Will it rise back like 2017 and if yes than what could lead to those rise and if no than what factors could be accounted for the downfall?
Phenomenal is really perspective. The technological phenomenon of Bitcoin is approaching a decade in age, the still incredible idea that no one but yourself controls your funds is still a concept that many will have trouble wrapping their heads around - evidenced by the sheer number of "crypto" labelled projects that tout decentralisation and transparency yet still exert considerable control over their concepts.
Even if we talk about price... will this year be more of a financial phenomenon than last? Was 2017 really phenomenal price-wise compared to when its early years when it made the jump from fractions of a cent to dollar parity from 2010 to 2011?
This year will definitely be incredible for Bitcoin, regardless of what happens to the price. We'll see serious Segwit adoption, we'll see Lightning Network propagate, we'll see the highest influx of new money yet, we'll see derivatives take off and mature, we'll see regulations take root and the powers that be come to terms with a world where they cannot ignore Bitcoin anymore.