Story of the Year 2018: A Year's Look at Cryptocurrency

Since Bitcoin was born less than 10 years ago, there is definitely no cryptocurrency market busy than in year 2017. The first day of this year, readers of AffiliatePortal.com look back on the variable. Take a panoramic view of the past year. Bitcoin opens in 2017 at $ 1,000 and since then, the cryptocurrency market has gradually attracted the attention of both mainstream media and the global market. 1. Quarter slowly escalated 2017 welcomed Bitcoin at the top of the table, peaking at $ 1,000 . The Chicken Runs Slowly with cryptocurrency like Bitcoin, Litecoin and Ethereum - some of which have huge market capitalization, are equally spread. 2. Q2 fluctuation Until the second quarter, everything started to heat up, with many fluctuations causing prices to rise sharply. This rapid increase has attracted public attention and more and more news about cryptocurrency began to appear in the mainstream media. By the end of May 2017, Bitcoin prices had doubled, Litecoin increased from $ 3 to $ 25 a year. But above all, Ethereum even increased to 1,400% . 3. ICO bomb The growth of the cryptocurrency market led to large amounts of ICO and new coin entering the market. In April 2017, the ICO market increased from $ 6,000 to $ 150 million as companies jumped into this potentially new fundraising effort. The ICO frenzy and the concerns of new investors have made the cryptocurrency market for the first time attracted wide media attention. The price of coin such as water pushed the boat up quickly, and the ICO set a new record. 4. The civil war ended Bitcoin and his big friends need to grow and collect more support and interest from everyone. However, beneath the surface there has been a civil war, with the peak of Bitcoin network struggling to scale to fit the new user flow. Many ideas have been suggested from the community: either hard fork or user-activated fork . This split led to bitterness in the Bitcoin market as different factions argued harshly for their way. However, due to the deadline of 01/08/2017 , the results were better than expected for both Bitcoin and its new alternative - Bitcoin Cash. Fork happened, along with the start of Segwit - but by the time the Year of the Chicken was over, the market had responded positively. 5. Old Wall Street Wolf When Bitcoin's duel ended, there was a new wave of interest - one of which was capitalism from Wall Street . Those who abandoned Bitcoin in the past due to its overwhelming volatility have begun to re-enter the market. The interest and opinion of the "Wall Street Wolf" has made Bitcoin more popular in the media. And the more interest from the public, the higher the price. 6. Prohibition Bitcoins and other cryptocurrencys, however, are one-sidedly seen as tools by the dark web , hackers, and the underworld. And because managers are skeptical about this decentralized monetary system, the world government has had severe repression. China started everything with a full ban on ICO - which was already the most populous country in the world, and went further than banning the entire cryptocurrency trading floor. Russia quickly followed. By that time, the market regained its momentum after the Chinese crackdown. In fact, the market has barely noticed the news of Russia banning access to Bitcoin trading floors. 7. Growth at rocket speed It's clear that Bitcoin and the altcoins have become too big to break down, and negative news can no longer shake the digital money world, the public's interest comes back and prices start to rocket. . Bitcoin reached $ 10,000 by the end of the month 11/2017 and then overcome all obstacles to the other fence to hit the target $ 20,000 utopia in a marathon in just 18 days. 8. Big adjustment and altcoin boom Rising prices have led to the introduction of futures contracts for Bitcoin and the entire cryptocurrency market. These Wall Street investment tools have taken a step towards digital money legalization, and also help individual investors boldly participate in cryptocurrency. The short stop at the $ 20,000 station shows Bitcoin's desirable peak, and as it falls to $ 13,000, every hope is set to return to similar heights. However, there was a more late start: the altcoins escaped the shadows of the old eldest brother to see his own sun - including Bitcoin Cash, Ripple and Ethereum. 9. New Year bubbles Continuance adjustments with Bitcoin and altcoin, as the market began to decline in January 2018. Many experts say that as the Asian Lunar New Year approaches, when compared with the statistics Similar to previous years at the same time. However, when Bitcoin dropped to $ 10,000, it lost half its value, the mainstream media reported and manipulated public opinion that made him fall deeper. There are many FUD from Korea - news of the ban to India - confusion of a speech about the national budget. The Bitcoin price has fallen to as low as $ 6,200, as many of Bitcoin's supposed deaths are unknown. However, Bitcoin has returned to the $ 10,000 threshold and continues to climb each ladder as the Year of the Dog begins.