Even though bitcoins price tanked all of 2018 and is now holding rather steady what we can tell by the numbers when we look at them is that Bitcoin is actually much stronger and well used then one might have thought.
In 2018 $3.3 trillion dollars was traded back and forth on the bitcoin network alone. That is 3.5% of the total GDP and is no number to write off. In fact 2019 most likely will increase because of the traditional markets slowing down around the world bitcoin is actually primed for massive wealth growth as people dump into it.
This also shows you why governments and SEC regulators are not needed. The only thing they are trying to do is hold off the wave because they know when it happens they are legit going to lose a lot of their power and have to do some major cut backs on the amount of stupid waste that goes on.
One of the biggest factors to this was 2018 launch of the lightning network in which small transactions can take place for such a low fee its stupid not to use it. This system is growing stronger as more people use it and more funds are added into the lightning network.
If average people started using lightning network and it was adopted into more places Bitcoin could see a bull run in which would dwarf the late 2017 rally.
img credz: pixabay.com
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Seeing how fast the lightning network has expanded to thousands of nodes and over 500 BTC shows the appetite for using bitcoin for daily transactions! All that is needed is an easy to use interface for adoption to increase.
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I tried to run a Lightning node but encountered some error and there was very little instructions
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I have considered it as well but still waiting on some more adoption. I forgot the name but there is a cool little device that helps interface you to create a LN node.
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