Post
Topic
Board Speculation
Re: We expect a favorable market in June?
by
Hazir
on 07/06/2018, 16:05:21 UTC
It is really hard to tell whether we will see the favourable market (read: price increase). couple factors to consider:

1. Rate of adoption: there is a law that states that the value of a network increases as the number of users on said network increases, and this is somewhat applicable to Bitcoin as well.
The problem here is that adoption of Bitcoin is hard to estimate, and certainly won't grow fast enough so we could see rapid changes.

2. Bitcoin is built on Blockchain technology, it is somewhat old and not geared up with the most recent upgrades.
 It is easy to say that from a technological perspective other cryptocurrencies built on the same platform might perform better.

3. Regulations, the inception of other coins and creation of crypto futures - all these factors will have a certain effect on the price as well, which is - surprise - hard to predict ATM.