What Is Fueling Bitcoins Growth ?
Over the last 48 hours we have seen bitcoin continue to climb. The longer this continued climb takes place the more it leads on to believe we are on to a bull run instead of a pump and dump.
What is the key player behind this rally ?
It seems to be ETF speculation in part but more over it seems to be lightning network increasing in size and usage.
The amount of transactions happening on lightning using bitcoin continues to grow the thrive as more sites and more businesses start using it.
It really does offer exactly what made the bubble burst back in 2017 when fees just got way to high and halted growth of the systems which lead us to where we are today.
This also proves that lightning network was the right move to scale bitcoin and finally after about nearly 2 years we have some real practical solutions to scaling. I don't believe these are the solutions are the final solution to scaling issues but it should allow the network to grow 10x what it was in the last bull run. That could very well spell a $200,000 per bitcoin level.
i think the rise in price of BTC is great opportunity to the rise of other cryptocurrencies including our steem. time to grow!!!
I would love to see 200k bitcoin in 2019!
You and me both my friend lol
oh i can confirm they aren't!
As I told before they are two important upgrades for LN growth to be sustainable.
And Schnorr*along with a few upgrades are suppose to come to the main net this year. Making onchain tx fees cheaper and private and quantum resistant(?)
Another thing is the sloving of the sidechain pegging dilemma.
Posted using Partiko Android
Hopefully this takes long enough that I can own at least half a bitcoin... 100k would be nice
Posted using Partiko iOS
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by bitcoinflood from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
The trend is looking much better both technically and fundamentally as capital continues to flow not only into the crypto but the ecosystem surrounding it.
Posted using Partiko iOS
Hi, @bitcoinflood!
You just got a 25.43% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.