Will Bitcoin make altcoins obsolete in 2018?! Is this correction the end of Bitcoin?!
Guess what guys Bitcoin is crashing surrounding serious FUD. Well, I have news for you. This is normal. We have seen this many times over and will most likely see it again. That said, don't stress it too much Bitcoin has a bright future ahead!
Here's why:
This is a video where Rusty Russel outlines a lot of opportunities and actual improvements that are going to make Bitcoin and it's hard forks a POWERHOUSE in 2018.
For a word for word transcript: http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/
What do I like? Virtually everything he goes over seems like a new way we can practically upgrade our favorite blockchain. These improvements, if successful, could replace the need for so many altcoins and help propel Bitcoin to another All Time High this year.
To Address FUD:
We had Bitcoin pump the market cap to over $800B in the past few months and alts going 10x+. This consolidation is totally expected. Everything has grown extremely fast and now we have FUD after FUD hitting the news. Bloomberg is throwing around articles with bad sources and new money is getting terrified of every tip that seems even kind of negative without any understanding of the issues brought up. So, basically what I'm getting at is that we have a lot to look forward to. Look out for some crazy buying opportunities and be prepared to weather the storm. We will see brighter days!!!
If you need some motivation and/or emotional support, then shoot me a message on twitter @NoHodl. I'll show you some more reasons to stay optimistic in the market. Go watch the video above and prepare to enjoy the future Bitcoin :)
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