Bitcoin Rewind: why 2018 was for Bitcoin cool?
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In the eyes of the average consumer, are far from the stock market, 2018 may seem like a period of complete collapse of Bitcoin. After explosive growth to 20 thousand dollars of the cryptocurrency only does that falls down. The fall has been much delayed, as BTC has already lost more than 84 percent of its value over the past 12 months.
However, still not so bad. Cryptanthus under the name Armin Van said recently that the development of the blockchain is in many ways ahead of its price. A similar view was expressed by chief technical Director of Casa Jameson Lopp. Journalists Ethereum World News has put together the most memorable statements of experts.
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To begin, we note that Bitcoin «dead» at least 90 times in 2018. However, the cryptocurrency has managed to grow by tens of thousands percent all the time, while its opponents have said «the complete uselessness of the blockchain».
After a bearish trend, the index of dominance of Bitcoin has grown from 32.5 percent to 52 percent. Not the most pleasant news for holders altcoins, but they are a direct proof of the fact that Bitcoin is chosen as the main investment even in the most difficult times for the industry.
One of the main catalysts of the future bullrun can be a massive Lightning Network. This year the capacity of the network has grown from almost nothing to 500 BTC. More recently, the enthusiast under the name CryptoGraffiti sold microcatena black Swan for 0,000000037 dollar or 1 Satoshi to show everyone the true potential of microtransactions in LN.
Source: Bitcoinist
Finally, the amount of cryptomate worldwide has doubled in 2018. For the 12 months in different countries, more than 2,000 new vehicles for the rapid exchange of cash for Bitcoin and altcoins. Many experts believe that cryptomate will make a significant contribution to mass adoption of crypts in the future.
What was 2018 for you personally? Share your success in our .
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