What do you think is driving the uptrend?
Also there is some concerns that the bitcoin price is being artificially inflated by the people behind Tether, here is some related reading:
- https://www.bloomberg.com/news/articles/2017-12-05/mystery-s... - https://seekingalpha.com/article/4129543-bitcoin-one-way-go-...
https://www.reddit.com/r/Tether/comments/7lx3bw/introducing_...
That isn't factual. Analysts have found an almost perfect correlation between new wallets growth and btc's price. Transaction clearing delays will be fixed. Give it time.
The question here (at least to me), is what all those new wallets are doing with their bitcoin, what percentage of the community is actually using bitcoin as a currency vs an "investment" and they are just holding.
Now, this doesn't mean that I don't believe in Bitcoin or Blockchain tech for that matter, quite the opposite.
- It will be a busy year for crypto, if only by the amount of ICOs that launched in 2017. 2018 we will have more and (I'm hoping) an increase in the number of mature Dapp in the market. - We will have a big Bitcoin crash, there will be a drastic correction on the price of crypto, specially when you look at what might be driving the current raise in value for Bitcoin.
- AR will gain traction and 2018 and become mainstream. VR will still be years away from being common place.
More: https://hackernoon.com/5-trends-to-watch-out-on-2018-e9db731...