BTC price is rising up more than $60000

[Tooheen]

Guys, do you ever realize why BTC price is rising up and falling down every day?

Does anyone tell you the truth about Blockchain ecosystem?

And do you know what are the reasons that 2018 is the best year of cryptocurrency for trading, mining, and investment?

I will tell you the reason in here...

Bitcoin’s longer-term growth is anyone’s guess.

How?

Get your head screwed on right and you’ll see that (for better or worse). Many coins have seen unprecedented growth in the last six months to a year, even with BTC's price halved from holiday highs closer to $20,000. On this day last year, Bitcoin was sitting pretty at $982.

Cryptocurrency die-hards expecting the price to bounce back.

As usual, no one thing can be blamed for Bitcoin’s current downturn, but recent skittishness around a subpoena for Bitfinex and concerns around Tether — a kind of cryptocurrency counterpart to USD that matches the dollar one to one — probably a factor in. And it seems like every day a new Ponzi scheme gets busted, throwing yet more doubt on the credibility of plenty of less than legit ICOs.

Bitcoin and other cryptocurrencies have also looked less responsive to positive news in the latter half of January compared to their relative buoyancy during December’s dizzying highs. Then, every little positive news blip seemed to push the prices higher.

Now you know why BTC price rising up and falling down.

BTC price is rising up more than $60000. Why?

1. The work on scaling issues: In the coming months, we will see a sharp uptick in transactions and the use of more bitcoin in these channels for the Lighting Network. Lightning Network will have a big impact on the potential upside. Second-layer networks solve the problems bitcoin faces — scalability and lack of liquidity. That could be a key reason why bitcoin surges this year. So, BTC price will climb to as high as $60,000.

2. Large-scale and more legitimate ICOs: More legitimate ICOs will lead to greater interest in ether as we are already seeing with the billion-dollar ICO of messaging app provider Telegram and that of Kodak.

3. Regulation: Regulation gives users and institutional clients the confidence to invest. We saw something similar when Japan started regulating bitcoin. The market dropped initially, but it rose eventually. Ditto in Australia.

4. A lot of execution and usability: There are several start-ups like My Own that offer debit cards to help people spend their cryptocurrency holdings. That means the number of users and merchants is set to increase sharply in 2018.

5. Institutional investors: The last reason why 2018 will be a stellar year for cryptocurrencies is that this will be the first year of solid institutional money flowing into the ecosystem.

Do you want to know about my cryptocurrency?

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I wish you for the better future of cryptocoins.

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