{"id":6732,"date":"2018-02-06T10:22:40","date_gmt":"2018-02-06T15:22:40","guid":{"rendered":"https:\/\/armchairarcade.com\/perspectives\/?p=6732"},"modified":"2018-02-06T10:27:08","modified_gmt":"2018-02-06T15:27:08","slug":"future-bitcoin-cryptocurrency","status":"publish","type":"post","link":"https:\/\/armchairarcade.com\/perspectives\/2018\/02\/06\/future-bitcoin-cryptocurrency\/","title":{"rendered":"The Future of Bitcoin and Cryptocurrency"},"content":{"rendered":"

Are you familiar with Bitcoin? Do you believe it has a future in our market?<\/p>\n

Merely nine years ago, Bitcoin was presented to the world by an unknown individual who used the pseudonym “Satoshi Nakamoto”, and people regarded it as an unrealistic idea. Back then, if you would have asked experts if this currency will hold up, they would have dismissed you right away. However, nowadays, Bitcoin<\/a> is a force to be reckoned with.<\/p>\n

Even though Bitcoins\u2019 value fluctuates, and it may crash at any moment, the impact it made on our trading system is substantial and cryptocurrencies are about to become a big part of our lives. Even if Bitcoin disappears from our radar at some point \u2013 other cryptocurrencies are bound to take its place.<\/p>\n

2017 was an amazing year for Bitcoin, and as of today, one Bitcoin is worth approximately $6,000, and has peaked at more than double that. How high can the Bitcoin value rise in the upcoming year? What does the future hold for cryptocurrency? It is time to find out the answers.<\/p>\n

A Bit of History<\/strong><\/p>\n

To understand Bitcoins’ growth potential, we can look back at the history of this cryptocurrency and learn from it.\u00a0 We should search for repeating patterns that can affect our trading system, and use it to our advantage.<\/p>\n

Bitcoin<\/a> became available to the public in 2009, but up until 2010 users only participated in mining, but no one used it as a trading tool. That ended when one user decided to swap 10,000 Bitcoins for two pizzas a year later. Since that day, Bitcoin gained popularity, and naturally \u2013 new cryptocurrencies appeared. Today, there are more than 1,000 different cryptocurrencies circulating the system.<\/p>\n

In 2013, Bitcoin values crashed right after the coin reached the $1,000 mark. It took two long years to reestablish the coins\u2019 value, especially after the scandals that were featured in the media only a year later. In 2014, a scam of grand proportions hit the Bitcoin industry, with 850,000 coins disappearing after one of the major Bitcoin exchange services went offline.<\/p>\n

Due to its rough start, people felt wary of this new trading method, and they were hesitant about purchasing Bitcoins. However, between 2015 and 2017 the Bitcoin transaction fees went up by 1289% – an unprecedented change that marked a new era in online trading.<\/p>\n

Expected Changes in the Upcoming Year<\/strong><\/p>\n

Nowadays, the Bitcoin value is unstable. Some think that the coin’s worth is only going to grow with time, while other experts claim that this market can\u2019t be trusted and that the coin can crash without notice.<\/p>\n

Although the future of Bitcoin is unclear, there is no doubt that cryptocurrencies will keep evolving and invading various aspects of our lives.<\/p>\n

Experts expect new currencies to enter the market, thus providing Bitcoin with a fierce competition. If those new cryptocurrencies will catch on, it will have a major effect on the Bitcoin worth.<\/p>\n

2018 is also supposed to be a year of changes and developments, thanks to the launching of various projects in the upcoming months.<\/p>\n

One of those projects is designed to make Bitcoin transactions cheaper, thanks to the SegWit update. Apart from that, two separate projects that are scheduled to launch sometime this year, TumbleBit and ZeroLink, are supposed to make the process of using Bitcoin more private and secure.<\/p>\n

Up until now, all Bitcoin transactions were recorded in a public ledger, which means that the users\u2019 private information was out there for all to see. But hopefully, it\u2019s all about to change.<\/p>\n

Many other changes are also about to take place, so if you are planning on using Bitcoin, keep your eyes open and make the most of it. With every passing month, more and more services start accepting Bitcoin as a payment method, which you can use to your advantage if you pay close attention to every new change that is happening around you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Are you familiar with Bitcoin? Do you believe it has a future in our market? Merely nine years ago, Bitcoin was presented to the world by an unknown individual who used the pseudonym “Satoshi Nakamoto”, and people regarded it as an unrealistic idea. Back then, if you would have asked […]<\/p>\n","protected":false},"author":4295,"featured_media":6733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"The Future of Bitcoin and Cryptocurrency #bitcoin #cryptocurrency","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[15],"tags":[1409,1413],"class_list":["post-6732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial","tag-bitcoin","tag-cryptocurrency"],"yoast_head":"\nThe Future of Bitcoin and Cryptocurrency - Armchair Arcade<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/armchairarcade.com\/perspectives\/2018\/02\/06\/future-bitcoin-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Future of Bitcoin and Cryptocurrency - Armchair Arcade\" \/>\n<meta property=\"og:description\" content=\"Are you familiar with Bitcoin? 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The value of\u2026","rel":"","context":"In "Editorial"","block_context":{"text":"Editorial","link":"https:\/\/armchairarcade.com\/perspectives\/category\/editorial\/"},"img":{"alt_text":"The Future of the Bitcoin Cybercurrency","src":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2018\/01\/bitcoin_casino.jpg?fit=759%2C280&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2018\/01\/bitcoin_casino.jpg?fit=759%2C280&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2018\/01\/bitcoin_casino.jpg?fit=759%2C280&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2018\/01\/bitcoin_casino.jpg?fit=759%2C280&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6346,"url":"https:\/\/armchairarcade.com\/perspectives\/2017\/12\/15\/play-casino-games-bitcoin-cash\/","url_meta":{"origin":6732,"position":2},"title":"Where to play casino games with Bitcoin Cash","author":"A.K. Patel","date":"December 15, 2017","format":false,"excerpt":"In this newest entry in our ongoing series on casino and gambling technology, we take a look at the role of Bitcoin Cash. \u00a0Bitcoin Cash is new, well, sorta new, it came about on August 1, 2017 from the hard fork of Bitcoin. What a lot of people don\u2019t realize\u2026","rel":"","context":"In "Editorial"","block_context":{"text":"Editorial","link":"https:\/\/armchairarcade.com\/perspectives\/category\/editorial\/"},"img":{"alt_text":"Where to play casino games with Bitcoin Cash","src":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/12\/pexels-photo-730567-e1513377453710.jpeg?fit=1200%2C716&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/12\/pexels-photo-730567-e1513377453710.jpeg?fit=1200%2C716&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/12\/pexels-photo-730567-e1513377453710.jpeg?fit=1200%2C716&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/12\/pexels-photo-730567-e1513377453710.jpeg?fit=1200%2C716&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/12\/pexels-photo-730567-e1513377453710.jpeg?fit=1200%2C716&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5832,"url":"https:\/\/armchairarcade.com\/perspectives\/2017\/10\/09\/name-price-bitcoin-blockchain-cryptocurrency-books\/","url_meta":{"origin":6732,"position":3},"title":"Name your own price Bitcoin, Blockchain & Cryptocurrency books!","author":"Bill Loguidice","date":"October 9, 2017","format":false,"excerpt":"The Humble Book Bundle: Bitcoin, Blockchain & Cryptocurrency Here's the link. The offer expires\u00a02017-10-23 11:00:00 PDT. Do a bitcoin of good.\u00a0We've partnered with top technology publishers to offer a library of programming guides in support of hurricane disaster relief. Score coding instruction and business insights at every level, from beginner\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/armchairarcade.com\/perspectives\/category\/news\/"},"img":{"alt_text":"Name your own price Bitcoin, Blockchain & Cryptocurrency books!","src":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/10\/bitcoincryptocurrency_bundle-facebook-post.png?fit=1200%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/10\/bitcoincryptocurrency_bundle-facebook-post.png?fit=1200%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/10\/bitcoincryptocurrency_bundle-facebook-post.png?fit=1200%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/10\/bitcoincryptocurrency_bundle-facebook-post.png?fit=1200%2C630&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/10\/bitcoincryptocurrency_bundle-facebook-post.png?fit=1200%2C630&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6837,"url":"https:\/\/armchairarcade.com\/perspectives\/2018\/02\/23\/bitcoin-changing-online-games\/","url_meta":{"origin":6732,"position":4},"title":"How Bitcoin Is Changing Online Games","author":"Jonathan Adams","date":"February 23, 2018","format":false,"excerpt":"If there\u2019s a market that\u2019s been heavily impacted by the rising popularity of Bitcoin, it\u2019s online gaming. Since its debut in 2009, we\u2019ve seen online games such as Spells of Genesis offering tradable goods all via Bitcoin\u2019s blockchain technology, alongside online casinos accepting cryptocurrency payments in order to release innovative\u2026","rel":"","context":"In "Editorial"","block_context":{"text":"Editorial","link":"https:\/\/armchairarcade.com\/perspectives\/category\/editorial\/"},"img":{"alt_text":"How Bitcoin Is Changing Online Games","src":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2018\/02\/pexels-photo-730557.jpeg?fit=923%2C650&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2018\/02\/pexels-photo-730557.jpeg?fit=923%2C650&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2018\/02\/pexels-photo-730557.jpeg?fit=923%2C650&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2018\/02\/pexels-photo-730557.jpeg?fit=923%2C650&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6142,"url":"https:\/\/armchairarcade.com\/perspectives\/2017\/11\/17\/heres-blockchain-taking-gaming-new-level\/","url_meta":{"origin":6732,"position":5},"title":"Here’s How Blockchain is Taking Gaming to a New Level","author":"Abigail Massimo","date":"November 17, 2017","format":false,"excerpt":"Blockchain technology is now regarded as the most transformative online technological development, initially designed to offer greater security and transparency for the cryptocurrency industry, it is fast making inroads into the gaming industry in more ways than one. According to market intelligence company Newzoo, more than two billion people play\u2026","rel":"","context":"In "Editorial"","block_context":{"text":"Editorial","link":"https:\/\/armchairarcade.com\/perspectives\/category\/editorial\/"},"img":{"alt_text":"Here's How Blockchain is Taking Gaming to a New Level. 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