Cryptocurrency predicting the future

Bob Pattni Crypto

Cryptocurrency: predicting the future. – a blog post by Bob Pattni.

Predictions are a shaky business at best. Predictions about something as unpredictable as Cryptocurrency are even more so. But as we come to the end of 2017 and look forward to 2018, what predictions can the experts make that we should be paying attention to?


1. Bitcoin and Ethereum are here to stay.

Image result for bob Pattni bitcoin and ethereum

Most people who are enthusiastic about Cryptocurrency appear to agree that Bitcoin and its newer rival Ethereum have staying power, though they may be more bullish on one versus the other. Although Bitcoin is outperforming Ethereum in the marketplace at the moment, expect Ethereum to continue to rise and for the gap between the two to narrow.

2. As yet unknown coins will hit the big time.

Bitcoin and Ethereum may have stolen the show at this point, but the innovation won’t end there. Expect more winners on the horizon, which also means there’ll be more losers so invest your money carefully!

Kathleen Breitman is hopeful that Tezos, her own blockchain bet, will fill a niche – and there’s some evidence to suggest she could be right. She and her project’s developers are designing Tezos to automatically push software updates out to the network, thus, in theory, avoiding the divisive feuding over upgrades that has wracked systems like Bitcoin over the past few years.

No one can say how many tokens and coins and blockchain protocols will eventually win out, but the experts seem to think there’s room for a multitude: so there could be more winners out there in the future that we just don’t know about yet. However for 2018, I’d suggest Tezos as the one to watch; while Ethereum continues to be a safe bet for investment.

3. Some people will get burned.

For the time being, Cryptocurrency might seem like a fantastic way to raise a lot of money quickly and with few questions asked. Will this lead to riches for some? Undoubtedly—and it already has. And rip-offs for others? Again yes, and again it probably already has.

There’s also a presumption that black market deals and insider trading are rife within Cryptocurrency transactions as its very nature of being unregulated attracts an unsavoury element. Although this doesn’t cover all Cryptocurrency transactions its undeniable that it does hold true for a proportion of them. So regulation is likely to come, and will likely be welcomed by the vast majority.

4. Cryptocurrency will give Silicon Valley and Wall Street a run for their money.

In a world where anyone can participate as an investor online, physical location matters much less. In the long run, what use is your bank manager or even your bank if you never need to use them to trade money?

Projects are already getting funded via Kickstarter and other similar Online methods. Breitman said she that when she set up Tezos’ token sale, she aimed to get as many people who wanted to participate in the ecosystem to contribute.” The company raised more than $200 million to date and, according to her, more than 30,000 Tezos wallets have been opened.

Will Cryptocurrencies ever replace banks and financial institutions though? It’s unlikely, even in the long run, however they will make a serious dent in the traditional power of these service providers by coming to rival them in terms of buying power.

5. Regulations will stick.

Elena Kvochko, chief information officer of the security division at Barclays, said that her bank has had talks with regulators about Bitcoin, blockchains, and their ilk. The rule-sticklers appear to be open to the idea as long as “know your customer” laws are obeyed, although it’s still early days.

Meanwhile, as governments settle on their own sets of rules, countries like Switzerland, Singapore, and Estonia are jostling to develop frameworks that easily accommodate the new technology. They’re seeking to displace geographic incumbents and become hubs for a new wave of business financing.

Until the new laws are created and decided upon, go for a policy of total honesty and keeping track of all your transactions. Honesty is, after all, always the best policy.

6. Speculation will subside as “killer apps” take hold.

As Cryptocurrency prices fluctuate wildly, speculators have been having a field day. However, there’s reason to believe the markets will become more stable, as Bitcoin gradually has over the past couple of years (despite its still big price swings).

In order for these computer coins to catch on big-time, they need a use-case that beats traditional money. And that’s where the new wave of Crypto apps, making it easier and more accessible to everyone, is going to really help this new currency take hold.

Of course Cryptocurrency is an international currency that crosses borders in the blink of a keystroke, so apps will have to be developed hand-in-hand with the developing laws and regulations within all countries of the world.

7. Cryptocurrencies will pressure traditional payment methods to improve.

Whenever a consumer swipes or dips a credit card, payment processors charge a fee.

Cryptocurrency could be the cause of big changes in traditional payment methods – changes we’re all going to feel the benefit from..

One potential outcome of the adoption of alternate systems, like Bitcoin, is to provide companies with the impetus to improve their services. Bitcoin it will make banks move toward the real cost of handling these transactions. It could also affect changes in companies like Amazon and Google in the future and the way they charge customers.

As I said at the beginning, a crystal ball to predict things with is going to be very murky at best. But the above points give a good synopsis of where the Crypto market is heading and what’s coming up for us.

_Written by Bob Pattni _