Disappointing forecast
When one single BTC had costed approximately 12 thousand dollars almost everybody was ready to invest as much as possible or to buy mining equipment for any price. Today BTC costs approximately 6500 dollars, which means that all these people not only lost their money, but also lost the profitability of their equipment.
Since the major fall there were a lot of “experts” who had predicted the unexpected rise of the BTC price in next few days, but all the predictions were wrong and the reason is simple: there are a lot of farms and a lot of people, who have bitcoins, but do not have a will to use them properly. Demand is much lower than offer and such trend is going to be actual for several next years. But is there a solution?
A lack of use cases
According to the last researches, most of BTC holders are not going to use them as the payment method or to sell in observable future, because they hope that price will become better. If the BTC reaches 10k, almost 40% of them would like to sell it as fast as possible.
Today there are so few ways to spend BTC. Most of them are likely to be uses as investment only. Moreover, majority of ICO do not accept BTC for two main reasons. First is unstable price: you may loose up to 30% of investments due to BTC price drop. Second is Bitcoin blockchain, which is slow and inefficient. Almost 80% of new projects are developed on base of Ethereum blockchain, while other part trying to develop their own ones.
Miners face even more issues. The chance to mine block is very small and owners of big farms get almost every of them, while people that mine at home keep on wasting their time. Since the amount of miners is not limited by network, it seems that satiation is going to became even worse.
Nexty: cryptocurrency for everyday payments.
Nexty is one of the most ambitious projects. They offer instant payment with no fees and their mobile application is already working. In addition, the amount of miners is strictly limited, so people that managed to get the permission for confirmation of transactions within Nexty network seem to have stable profit. It means that you do not have to waste time waiting for BTC block to mine - you may just switch on Nexty and start earning tokents.
You need to know something more about the limitations. Only the owners of NTF tokers have right to create and use mining equipment for confirmation of NTY transactions. Moreover, miners get their reward in a certain amount of time after actual confirmation. The longer the amount of time is, the bigger rewards miners get.
It is called Smart Staking technology and it seems to be the most revolution invention in the field of mining of last years. There is a high chance of implementing of this technology in other systems in future, but nowadays Nexty is the only option.
Links NEXTY:
OFFICIAL WEBSITE: https://nexty.io/
ANNTHREAD: https://bitcointalk.org/index.php?topic=2498919
White Paper: https://nexty.io/nexty-whitepaper.pdf
MEDIUM Blog: https://medium.com/@nextyio
Twitter: https://twitter.com/nextyio
Facebook: https://facebook.com/nextycoin
Telegram: https://t.me/nexty_io
Author review- Dancing_Lion - https://bitcointalk.org/index.php?action=profile;u=1406974