How to change the bitcoin industry will be in 2016?

How to change the bitcoin industry will be in 2016?

  


CharlieWoolnough is a co-founder of CoinCorner to the consumer as the core bitcoin service company. In this article, he and the company’s bitcoin industry next year plans to give his views.

Bitcoin industry mature still need a few years time. Unfortunately, many businesses are expected to carry out growth on overly optimistic industry. The cruel reality is that there is no sufficient volume to support all exchange, payment gateway and wallet providers such as bamboo shoots after a spring rain emerged, let alone support two service providers, such as the first batch of service providers to support and create bitcoin compliance solutions provider.

Tighten the belt

Many companies are required to take extreme measures to survive in the next few years, while the user adoption rate to reach the expectations of service providers. We already see signs of this, those who failed to reach the critical conditions of the company have been forced to close, layoffs, restructuring or merge with rivals.

In the next 12-18 months, still can see this trend in accelerating. Even those who raise a lot of investment companies are not immune to this. In fact, now they are facing another kind of pressure – expected pressure from investors, and many companies need to raise more funds to continue operating in order to avoid the dreaded “for the next round of financing pressure.

Get calm investors vigorously support for the company, or those with low cost of individual business groups will be more suitable for survival.

Block chain need bitcoin (or at least the user group)

Many investors are chasing the so-called “block chain idea”. But it is not entirely clear, the idea is how to generate revenue, and so soon to attract users. Block chain companies have a sensible approach is to let consumers and those who have run and have a certain user group bitcoin companies.

At least then they are ready to attract those related services to block chain interested in consumer groups. 很难想象从未使用过比特币的人,突然跑去注册区块链资产是什么样子的。

Of course, those who accept and use bitcoin who is most likely to be early adopters of the service chain block. For many people, the gateway is bitcoin blockchain.

Bitcoin industry mature still need a few years time. Unfortunately, many businesses are expected to carry out growth on overly optimistic industry. The cruel reality is that there is no sufficient volume to support all exchange, payment gateway and wallet providers such as bamboo shoots after a spring rain emerged, let alone support two service providers, such as the first batch of service providers to support and create bitcoin compliance solutions provider.

Banking problems

Have said many times, want to become mainstream, bitcoin also need a killer application. However, we do not have a very cheap P2P payment way? What we really need is between traditional finance and bitcoin a more seamless user experience.

Although the relationship with the Bank of embarrassment, but bitcoin is currently still in operation. If we can improve this relationship, bitcoin will develop more quickly. Many users first experience of international bank transfer will cost 25 pounds or 3% credit card fee, they will also receive the first bitcoin, this case how can we achieve to allow more consumers to accept bitcoin. This is really ridiculous, only those idiotic powder and keen to experience the talent will abandon legal tender and love encryption currency.

So, how can we narrow the gap between banks and bitcoin? It is as expected, the answer is regulatory and compliance.

Supervision

It is necessary to the supervision of banks, they really need to provide banking services to the relevant departments. How to make bank bitcoin companies meet, and jointly abide by the relevant provisions is a major obstacle to the next. Regulators need to recognize the compliance index of traditional use bitcoin is no meaning.

Understand and accept the uniqueness of bitcoin. Bitcoin compliance solutions and those who create a bank with bitcoin products, is the key to the development of the industry and the growth of the. This is a severe test, if bitcoin compliance solutions provider cannot create a bank satisfied with the products, they get no more customers.

This will be more striking, if the Isle of new industry specific act (DesignatedBusinessAct) can take effect in the next few weeks, and asked the company to register the encryption of financial regulators, the relevant departments to improve the bank interest.

Ten predictions for 2016

1. by providing a variety of services, so that only one line of business bitcoin companies gradually disintermediate.

2. calls for investment products for investors will eventually block chain return because of the block chain startups have started with more formally established bitcoin companies.

3. unfortunately more bitcoin companies will be closed or merged.

4. bitcoin adoption rate will continue to rise slowly, yet to achieve mass consumer acceptance of bitcoin.

5. with more complex bitcoin compliance solutions into the market, the relationship between banks and bitcoin companies will begin to ease.

6. we will see less and less pure bitcoin startups – those now existing startups have a great advantage to seize the initiative.

7. bitcoin regulations will be developed at a faster pace, it also helps to increase the credibility of the relevant departments.

8. there will be related to currency fraud cases more competitive.

9. until the consumer adoption rate increased significantly, the relevant departments of the investment will be in the period of stagnation.

10. bitcoin prices will be 200 – $300 range remained relatively stable.

Final thoughts

Finally, bitcoin will survive and be accepted by the public, because this technology can be an easy job to do compelling, people can not be ignored. However, in the industry, many enterprises are still operating whether long-term survival to the promised land, remains to be seen.

Lean business model is 2016 bitcoin company the most important rules, growing loyal customers will certainly help the continuous development of the company.

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