2017 had been one of the most exciting years in the crypto industry and to bitcoin in particular. Millions of people around the world did wake up from their slumber to benefit from the Satoshi revolution. This can be seen by the birth of crypto lending platforms,thousands of ICOs, 100 000% increase in some cryptos,the china ICO suspension among others. In this post we are going to discover how the industry has evolve and what 2018 hold for us. Blockchain technology has gain alot of popularity this year as top companies like Microsoft,Uber among others have join in making crypto better as it is the currency of the future.
Cryptocurrencies are digital assets that can be used as a medium of exchange. The technology has been put in place thanks to ”Blockchain Technology”. This technology is what i describe as banking for the people as those having cryptocurrencies can know the actual profits they have made in a given period opposed to banks that works on math who formula is never told to the students.
During the year 2017, crypt0currencies felt the effect of two great investors J.P Morgan (Negative effect) and MCafee(Positive). 2017 gave the industry the first block chain bank which will become operational in 2018(Bankera).
The year 2017 led to the birth of the first cryptcouurency lending platform and cryptocurency (Bitconnect ). With the advent of bictonnect several other lending platforms had come into the market such as regalcoin,Hextra coin,Western coin among others.
2017 had been a blessing to crypto traders,investors and miners as most of the currencies exploded in value .
2017 has been a year of fund raising as hundreds of block chain project were realized thanks to smart contracts and ICOs. Check out some key points in the next sections of the post.
2017 had been a year for bitcoin forks .
1.Bitcoin Cash: 1 August 2017. 2. Bitcoin Gold24 October 2017. 3. Bitcoin Diamond,24 November 2017.
4. UnitedBitcoin: 12 December 2017, 5. Bitcoin Hot ,12 December 2017, 6. Super Bitcoin,12 December 2017,
7. BitcoinX: 12 December 2017, 8.Lightning Bitcoin,12 December 2017, 9.Bitcoin Top: 26 December 2017
10.Bitcoin God: forked on 27th December 2017
11. Bitcoin FILE: forked on 27th December 2017 12.
12. Bitcoin SegWit2X X11 , forked on the 28th of December 2017.
Come January 2018 we will expect bitcoin Pizza, Bitcoin Cash Plus, Bitcoin Smart,Bitcoin Interest, Bitcoin Lite and Bitcoin Atom as other forked versions of bitcoin. Let us get to the figure of the year 2017.
The Crypto Market and Coin Value
$500 billion+ is the market cap in the crypto industry at the moment i am posting this .
Below are the top 14 currencies in January 2017 and December 2017 and their values
|JANUARY 2017||DECEMBER 2017|
Table source: Coinmarketcap.com
Looking at my top 5 cryptocurrencies this year, we can see the following
*963$ to 16000( Remember bitcoin has passed 19000$ this year)
*This means if you invested 100$ here in January you should have about 1600$ now.
*8$ to 785$
*100$ invesment in Januray is worth $9800 today
*from 4$ to 300$
*100$ investment here is worth 7500$ at the moment this post is being updated.
from 0.0065 to 1.1$
100$ investment here is worth $16900 a
from 0.017 to 3.28
100$ investment in January is worth 19200 today.
These amounts are worth million in most African countries. If you keep listening to book economist. If you keep listening to billionaires like JP Morgan, Warren Buffet and others who tell you this or that against bitcoin, then you will probably be left behind. You might have missed 2017 and it time for you to take a decision now so that we can both write this post come December 2018.
What Are the Challenges?
Overall 2017 had been the most successful year in the history of cryptocurrencies since 2009.
*The cryptocurrency indstry is still challenged with the high volatility .
*The chinese ban on ICO made the 2017 year very challenging.
*The drop of bitcoin from 19000$ to 10000$ in December caused panicking among investors.
*The high fees in involve in bitcoin transactions made the year challenging
*Slow confirmation in bitcoin transactions constitute a major challenge to bitcoin investors.
*Bitcoin still need a challenger with it >50% market dorminance.
As you can see, in all most cryptocurrencies increased in value upto 100 000% this year. what to do next is to get into the industry and secure a future for your children, your family and for the next generation to come.
There is need to diversify get money into altcoins as they actually constitute the future currencies.
We are looking for the trillion dollar industry come 2018. Thus need for current investors to create awareness on bitcoin,block chain technology and cryptocurrencies.
I agree that there is high risk involve in crypto investment. There is one thing i know
”NO Risk ,No Success”
Getting some cash into Ripple,Bitcoin,Cardano,NEM,Verge and EOS can be worth it in 2018.
You are advice to do your own research as there are several other coins that can be invested in in 2018.
What are the best coin to invest in if you have any. Feel free to ask question and make contribution to our post in the comment section.