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      "body": "Bitcoin adoption and acceptance is surging across the globe. Cryptocurrencies will in the near future become much more common as methods of payment from online shopping to the local supermarket. Developing countries are leapfrogging.\n\nChina Bitcoin markets account for 80%+ of global trading volumes.\n\nJapan has accepted BitCoin as a legal payment method for retail markets. Japanese government has eliminated 8% consumption tax on Bitcoin transactions. Retailers are deploying point of sale software in over 260,000 stores.\n\nRussia has taken a U-turn and has committed to recognizing cryptocurrencies in 2018.\n\nIn the US, cryptocurrencies are becoming increasingly accepted as both a method of payment and store of value.\n\nIn Australia, new innovative digital currency businesses will find it easier to operate. Traders and investors will be exempted from goods and services tax.\n\nIn India, the Ministry of Finance has ruled in favor of regulating Bitcoin.\n\nIn Venezuela, Bitcoin has become a parallel currency with which citizens perform day-to-day transactions and generate livelihoods, including buying food and other basic necessities. Official money is worth almost zero.\n\nIn South Africa, cryptocurrencies are becoming popular.\n\nIn East Africa, initiatives like BitPesa are using cryptocurrency systems to support cross-border transactions.\n\nIn Nigeria, people are believing that this new money presents an opportunity to democratise the economy.\n\nIn Zimbabwe, the collapse of the country's financial system has made Bitcoin an attractive alternative. A growing number of Zimbabweans are using cryptocurrencies as a saving mechanism.\n\nSeveral other countries are either warming up to cryptocurrencies or already host cryptocurrency startup companies.\n\nThe future looks bright for cryptocurrencies. Either as a new currency that will replace current fiat currency or as a store of value or as a payment system or as an alternative investment asset. Hold onto your bitcoins for the long term.\n\n![image.jpeg](https://steemitimages.com/DQmPd41ZgaSbmEGMKwBomRtWj6L4nzGUPFqvVngs35h11QR/image.jpeg)",
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      "author": "harishmenon",
      "body": "So far, 2017 has been a very good year for all major cryptocurrencies. Speculators and people looking to make quick profits have dominated the markets. However, a large part of the value increase is coming from Bitcoin trading in Asia.\n\nWhile bitcoin trading has been going on for years in China, Japan is becoming more and more Bitcoin friendly and following a massive hack in a top exchange, South Korea is preparing bills and regulation to give cryptocurrencies such as Bitcoin and Ethereum, legal grounds in the country.\n\nIn Japan, an efficient ecosystem is being created by the government. The Japanese government has officially recognized Bitcoin as a legal payment method and currency. A consumption tax on the sale of bitcoins was eliminated. And this week, retailers began their roll out of point of sale software in over 260,000 stores. Several other countries are slowly warming up to Bitcoin as a legitimate alternative currency.\n\nThen again, forces may come into play to keep the price surge in check and possibly even knock off billions of dollars out of the speculative crypto markets. Bitcoin could see a chain split in a few weeks. Ethereum has scaling issues to address. Junk alt coins are being floated every now and then and uncapped ICOs are being offered without any real live products to back the offerings potentially leading to erosion of investor confidence.\n\nThe second half looks promising. Ethereum could overtake Bitcoin. Or Bitcoin price could surge to new highs. XRP may show new developments. Dash Evolution will be launched. Litecoin may continue its meteoric rise. And if prices do take a significant dip, new investors may jump in which is just overall good news for the crypto markets.\n\nBelow is a latest snapshot of the major crypto coins - Saturday July 8, 6:38am London Time\n\n![image.jpeg](https://steemitimages.com/DQmVPA5LamdpViQw33GMCgDj6TR7tAsswXx82vT4noXRsXJ/image.jpeg)\n\nWhat is your cryptocurrency prediction for the next 6 months of 2017?",
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