2018 is not doing any good for Bitcoin. That doesn’t mean you start hating it. There are reasons Bitcoin is going to destroy all the ill rumors at the end of this year.
1. Time and again Bitcoin has proved itself against the most dangerous situations since its inception
Bitcoin has been declared dead more than 300 times. Some Bitcoiners even count that like this page by 99Bitcoins states how many times Bitcoin died. Time to time Bitcoin made sure to beat the people’s worries. In 2011 Forbes said-
“So, That’s the End of Bitcoin Then” – Forbes.
That doesn’t mean Bitcoin is unbeatable or immortal but it is not frivolous as many think it is. Sure the hype behind Bitcoin is what matters most right now, we have to make people believe in Bitcoin by spreading information about how it operates.
In November 2011 Bitcoin’s price went to $2 from $35 due to the hacking of MtGox. That means, it is that fault of hackers and not Bitcoin. the greedy people will try to hack cryptocurrencies and that is no. 1 reason to be wary of investing a large sum of money into cryptocurrencies.
2. Since its birth, no other coin has been able to displace it’s top position
Bitcoin’s rivals have got many features that Bitcoin doesn’t, still, they haven’t been able to sideline it from the top position. The rapid rise of some altcoins is a serious issue for Bitcoin but people’s faith in it has not diminished.
So bitcoiners, no worries, Bitcoin price won’t go to $0.
Bitcoin is considered as digital Gold and governments all around the world are confused to call it as a currency. This is because many people invest in it to never sell ever. Now, features like Lightning network are here so that people use it as a mode of transaction too.
3. Even in the game of popularity Bitcoin is way ahead of its alternatives
Bitcoin’s popularity does not seem to be decreasing even after 9 years of its birth. It may seem like Bitcoin’s popularity is due to its price but the curiosity about Bitcoin is a major factor behind. See, Bitcoin is the first cryptocurrency and people want to know more about cryptocurrencies and how they work. Blockchain also boosts the curiosity in people’s mind.
Bitcoin has given a hope for many as it represents freedom from government regulations and the whole gamut of crypto lovers know the importance of decentralized currency in this age.
4. There are people richer than you have invested millions in Bitcoins, so you don’t worry
There are people who became millionaires due to Bitcoin and there are billionaires who invested millions in Bitcoin. If they are positive about Bitcoin’s future then you should be too.
I mean, just look at Winklevoss twins who you may know from The Social Network movie who tried to gain control of Facebook have invested $1 million in 2013.
5. Bitcoin is not like the majority of ICOs which are scams
ICOs are an altogether different phenomenon. Bitcoin and some top cryptocurrencies have nothing to do with them. Scam ICOs make thing difficult for Bitcoin and are blot to the whole crypto industry. If you want to know more about ICOs which are dead now, visit this site – deadcoins.com
In Bitcoin vs ICO war, there is no real fight. Bitcoin is a product, an investment and a future currency and on the other hand, ICOs are pure scam, a new form of HYIP(except for some true ones).
6. Wait till the next Bitcoin halving
Next Bitcoin is scheduled to happen in 2020. I guarantee at that time Bitcoin’s popularity will touch it’s high. In the last 3-4 years, a huge population of the world got to know about Bitcoin.