As I said before I am hoping that the activation of Segwit on Coinbase will spark some trading volume. Segwit is rolling out all this week on Coinbase.

"For those unfamiliar with SegWit, this upgrade helps reduce the size of Bitcoin transactions. This improves the overall transaction capacity of the Bitcoin network and should also help reduce the fees customers pay on bitcoin transactions..."
https://blog.coinbase.com/announcing-segwit-support-on-coinbase-4e51117857c7
More info on Segwit here: https://en.wikipedia.org/wiki/SegWit.

After Segwit is implemented the next big upgrade to wait for is the Lightning Network for Bitcoin:

• "Instant Payments. Lightning-fast blockchain payments without worrying about block confirmation times. Security is enforced by blockchain smart-contracts without creating a on-blockchain transaction for individual payments. Payment speed measured in milliseconds to seconds.
• Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians.
• Low Cost. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.
• Cross Blockchains. Cross-chain atomic swaps can occur off-chain instantly with heterogeneous blockchain consensus rules. So long as the chains can support the same cryptographic hash function, it is possible to make transactions across blockchains without trust in 3rd party custodians."
  https://lightning.network/
  Many of Bitcoin and Crypto's major critics always talk about its problems but never mention that solutions are in the works. You see you can't value something based on its current abilities that's why they call it speculation, you have to speculate on its value based on its future potential. So when people are talking about $40,000 and $60,000 Bitcoin they are talking its value based on:
• The upgrades to the system such as mentioned above.
• The number of people who are willing to buy Bitcoin.
• The staggeringly high percentage of people who do not know enough about Block Chain or Bitcoin to invest in it, and the even higher percentage who have not heard a thing about it at all.
• The social political implications of this revolutionary invention and all of the industries it has already disrupted as well as the many others it will disrupt.
• All of the many used and applications for the payments alone, never mind the other uses for Block Chain.
  At the end of the day, betting on Bitcoin is like betting on Block Chain, there will come a day when it will take a back seat to another Crypto but as of now it is still the standard in which all others are measured.
  In my opinion we are still in the beginning and soon Bitcoin will once again show its strength.

This is not financial advice and I am not a financial advisor, I am simply sharing my thoughts and opinions with you. Thanks for reading.

By:
Frank Aiello