In 2017, cryptocurrencies blew up a storm in the global economy. With its turbulent tide, almost no one can keep calm. Even those who do not have cryptocurrencies are eager to know what changes the cryptocurrency will bring to our lives in the future.
Seeing the skyrocketing growth of bitcoin, everyone wants to have a lot of bitcoins right away and one day they can make a lot of money. In 2009, no Bitcoin appeared on an exchange. In the first year of its appearance, the price was 0 US dollars. Even in 2010, Bitcoin's price never exceeded 1 US dollar, and the annual highest point was only 0.39 US dollars.
Two years after its birth, Bitcoin entered the Mt Gox Exchange in 2011 and traded in US dollars. This year, Bitcoin experienced its first "bubble" and once rose to 31 US dollars and then suffered the first. A big drop. It was December 2100. Bitcoin dropped to $2. That's a lot of articles that talk about how bitcoin should improve. But most of it is just the idea of an article. A branch of a commodity transaction takes its own actions.
Even observers who are the most indifferent to the cryptocurrency can clearly recognize that 2017 is a record of price change innovation in its history. During this period, there have been many projects, such as ACES and DON. Because of the emergence of numerous Altcoins, Bitcoin is not the brightest cryptocurrency. Faced with dazzling performance, the world’s people had to calm down and study carefully and began to regard it as an asset that cannot ignore its existence.
At this time, Altcoins appeared. Altcoins were more virtualized than Bitcoins. Many of them were Bitcoin's imitations. Only minor changes such as Ripple, Litecoin, and cryptcoin (CRYPT) were introduced. As everyone knows, there are still many people who do not know, for example. It was during this period that the price of Bitcoin began to rise continuously, from 2 dollars in 2011 to 1242 dollars in November 2013, and then fell to 750 dollars in November 2016. Specifically, the price in October 2013 was $150 to $200, and in November it rose to $1,242. After this, the price began to fall, fell to 600 US dollars, then rebounded to 1000 US dollars, fell to 500 US dollars - everything happened in a short period of two months.
However, everyone now sees the value of cryptocurrencies. Initially these currencies were created just to perform digital transactions, but now Bitcoin and many Altcoins have become an asset. However, in any case, Bitcoin will continue to show dramatic fluctuations. Market participants will become more and more eager, and governments will take measures to establish a regulatory framework for cryptocurrency transactions. Progress in this area may lead to rising cryptocurrency prices, and it may cause them to fall. In 2018, there will be fierce competition between Bitcoin and other Altcoins around the status of market notifications.