It was currencies will be an exciting year for Bitcoin and all other Crypto. Now it is officially coming to an end and we can all look forward to many exciting events and developments in the year 2020. Therefore, I’m going to take this new year as an opportunity to name the main reasons for Bitcoin and the potential for 2020 show.
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Why Bitcoin is not replaced, it can be
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Bitcoin already has 10 years on the hump and it will continue to develop magnificently. Although in the short term there are always Ups and Downs, but in the long term, the characters are still green. But what are the reasons why Bitcoin has made it this far and what can we expect for the coming year?
For many, only an outdated crypto currency that is just waiting to be of an Altcoin replaced Bitcoin is to. You can hear it, at least, of many Altcoin investors, who often have no good words for Bitcoin left. Bitcoin is too slow, can not scale properly, consumes too much energy and the BTC Lightning Network is a joke. Such statements are not thought out in the rule, and evidence that these persons have not engaged well enough in the matter.
Almost everyone is immersed in the Crypto-Space, and as there was already one or the other Altcoin, had a similar feeling. You don’t understand the sense of Bitcoin and was of the opinion that BTC will eventually be replaced by a faster and more efficient crypto-currency. However, after several years of intensive Research and many discussions with other Crypto-enthusiasts, the world then all of a sudden, but something different. Bitcoin is different to currencies fundamental to all other Crypto, even if it is not seen at first glance in the first place. Bitcoin is like the Wolf in sheep’s clothing.
History of Bitcoin is important
The history of Bitcoin is often swept to the side and neglected, but which is sometimes responsible for it, why BTC is where it is today. The formation is unique and can be repeated in this Form, never. Bitcoin is the pioneer and the basic building blocks for the entire Crypto has placed Space. The first few years, the development of delivery in the Hidden. At the time, it was not the intention that the investors to obtain high profits, but to create an Alternative to our ailing financial system. Here are the Cypher-Punk movement plays a crucial role. At that time, all other interests were pursued, as currently many of the Altcoins. Bitcoin had no ICO. There was no money collected. There is behind it no company or Foundation.
Another important reason is the Assign of Satoshi Nakamoto is. To date, the Person(s) behind the Pseudonym is unknown. Satoshi has developed the first years of Bitcoin and of the small Community regularly communicates. It was probably the disappearance of the smartest decision at some point of the image surface. Bitcoin has no “leader”, which has a high impact on the development or the accountability can be drawn. This is a huge advantage, if there is no one who stands for the project using his real name. Bitcoin is an Open-Source Protocol, and anyone can use it and develop it further.
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BTC as a Protocol on the way to the Mainstream
Bitcoin is often referred to as the Internet of Money. As often as a digital Gold. What it is now, in the end, or in the future will be, we can’t say at this point finally. However, that Bitcoin has occupied a range that can be accepted by any other crypto-currency without further notice. Only if Bitcoin should fail by itself, then there may be chances for other projects. The network effect is now already advanced too far. BTC is now a globally recognized means of payment and is accepted everywhere in the world. Although it is not swap certainly so easy to as Gold or cash, but it moves at a frantic pace in this direction.
From this year on banks, Bitcoin may hold and act on it. This is the start of a new era for Bitcoin, which is now being made for the Mainstream accessible. The instr o to invest in BTC, it is getting better and better. If it should so come back to Bullrun, then this will be much more extreme than 2017. At that time, many have of Bitcoin, the hurdles for an Investment but were for the most just too high.
Humanity has seen something like this like Bitcoin, never been or known. It is the first deflationary, which is not under the control of a particular instance. The pre-defined maximum number of 21 million BTC, the regular capping of the inflation rate (approx. every 4 years), the safest and indestructible payment network in the world, the transparency of the entire Ledger and no Single Point of Failure. There are probably many more reasons why Bitcoin is so unique but that would be beyond the scope of this article, certainly.
4 reasons why Bitcoin must have in each Portfolio are: Free from any ideology or emotions we show you in this article, 4 reasons why Bitcoin must in every Portfolio. Correlation, return-to-risk ratio, scarcity and Adoption are the four major keywords. We let the facts speak! Of the 4 reasons.
2020 is the year to deal with the most important crypto-currency closer
For all who laughed at BTC only and firmly to any Altcoins have clung to, I strongly advise to deal in 2020 lower with Bitcoin. Who has not understood BTC completely, will not understand all of the other projects correctly, and the potential can not assign correctly.
Me, personally, it motivated even more when I speak with people from my circle of friends and family. All have heard of it but nobody knows really with Bitcoin and the Blockchain. BTC still flies completely under the Radar, and the mass looks the whole thing is rather skeptical. But this is exactly the Confidence that the potential is enormous and has not yet been exhausted gives me. No one outside of our crypto-bubble with get really of anything that happens here on a daily basis, and what developments are ahead of us in terms of BTC. At some point you can no longer ignore it. There is almost no way to get that Bitcoin in the long term prevail.
Therefore, I look forward not only to the Bitcoin Halving in 2020, but also to the next Halving. Until then, will surely happen very much, and Bitcoin will be solved by then perhaps already completely different functions and certain problems. That’s the beauty of programmable money. It is the outer influences always re-adjust. This is precisely the reason why Bitcoin can not be destroyed. Although the price can break certainly by certain events, but in the long term, there is only one direction. So it remains, as always, exciting.
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How will expire, in your opinion, is the year 2020 for Bitcoin?
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