Quote from: pitiflin on October 01, 2017, 05:13:01 PM

Quote from: mynhpark on April 27, 2017, 02:45:48 PM

Bitcoin price has outperformed every reserve and fiat currency across the world year to date, yet again. By outperforming the US dollar by over 30 percent, Bitcoin surpassed the growth of the Mexican Peso, Silver, Gold and Russian Ruble to become the best performing currency so far in 2017.

Thus far, 2017 has been a successful year for both Bitcoin investors and alternative cryptocurrency (altcoin) traders, with leading altcoins or crypto assets such as Ethereum achieving a $5 bln market cap in early April. The Bitcoin market, however, experienced some major changes in its ecosystem earlier this year. The major driving force of Bitcoin price in 2017 is suspected to be the resolution of the Bitcoin networks current scalability problems.

The Bitcoin networks one MB cap on block size is causing Blockchain congestion, a drastic increase in fees at times and long confirmation times. If Bitcoin scalability issues are addressed within this year, with innovative solutions such as Bitcoin Cores Segregated Witness (SegWit), Andrew Lees Extension Blocks or other potential emerging solutions, Bitcoin price will most likely demonstrate an exponential mid and long-term increase.

Would you invest in BTC this year?

After the price of bitcoin increased by at least 4 times earlier this year, investors, governments, centralized organizations, celebrities and many more started to do research on bitcoin and a few even started using them, investing in them and this has made a big difference on people's view on bitcoin and crypto currency to be honest. Few months ago if you mention bitcoin to some people they will just be negative about it and taunt it. But if you mention it now, they will be all like, "OH, bitcoin " and will act surprised and interested because they don't know shit about it and only react just because they know the price is damn high.

As bitcoin is still new to some people thats why it is defamed every time, now situation is good because price has gone up and news are viral that everyone is wanting it because of its nature so the difficult time has gone now there will be profit and the investors, when a thing is new to market people just want to know as it become famous they buy it same is with bitcoin.