2018, the Year Bitcoin Separated from the Pack

It can be more fun going down

Social Activity

At its core, Bitcoin is a social innovation. Money itself is a social convention and introducing a new money is a social innovation and can fairly be called a social movement. As a social movement, Bitcoin has started to distinguish itself in 2018.

Every altcoin white paper and their subsequent excuses

Technical Activity

Bitcoin continues to build services that people are using. The lightning network has grown exponentially in the past 12 months and the demand for lightning based hardware, software and services continue to grow.

How altcoin development is done

Economic Activity

The biggest movement in 2018 has been the price. Bitcoin has dropped 85% from its all-time high and there may be more dropping to go. The volatility in Bitcoin, however, is nothing compared to almost every other altcoin. Ethereum, Ripple, BCH/ABC and EOS, which are the next 4 “cryptocurrencies” in terms of market cap, have all dropped over 90% from their all time highs in terms of BTC. The lack of liquidity, the lack of delivery, the lack of security and so on may have contributed, but more importantly, the hype on these assets were off the charts during 2017.

2018, when weak hands got stronger or got out

Conclusion

What this past year showed is what Bitcoin Maximalists have been saying all along. Bitcoin is different because Bitcoin is decentralized. The advantages of decentralization are often subtle and easy to dismiss, but they are real benefits.

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Jimmy Song

Jimmy Song

Bitcoin Educator, Developer and Entrepreneur. Book: https://amzn.to/2RSlnTb PGP Fingerprint: C1D7 97BE 7D10 5291 228C D70C FAA6 17E3 2679 E455