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Topic: Bitcoin has become un-useable. Switch to altcoins or short sell - page 3. (Read 444 times)

legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Why should people switch to shit coins that has almost zero hash rate backing them, compared to Bitcoin? Monero are a privacy coin that are used mostly for illegal activities on the Darkweb, so it will never get any acceptance by any government in this world.

Solana has nothing special.... it peaked for a short time and then it went "Poof" like the magic dragon. I think you have to stop shilling for Alt coins and start using the Lightning Network, if you want fast transactions in times of an attack.  Wink
sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
For me  Bitcoin position as the largest and most well-known cryptocurrency remains significant, despite the recent market fluctuations. Its use as a store of value is widely recognized, and while short selling Bitcoin or switching to altcoins may be options for some traders, it is important to monitor the market closely.

As with any investment, there are risks involved in cryptocurrency trading, and it is important not to panic during market corrections. It is essential to remain calm and patient, not rushing to cut losses as the cryptocurrency market is highly volatile. Entering the market with a realistic investment estimate is vital to ensure you can manage the risks effectively.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
Un-usable? Aside from the OP, I see a lot of people saying things like this because they can no longer pay $15 in bitcoin using the main chain, unless they want to pay another $15 in fees, but as I just mentioned in another thread, let's see what better system there is for transferring large amounts of money than bitcoin. If you want to transfer a huge amount of money to another continent, you can do it without filling out paperwork, without asking for permissions and paying a ridiculous fee relative to what you send. Everyone who is spreading FUD seems to want to forget that.
sr. member
Activity: 728
Merit: 421
many are switching to alternatives such as Solana for speed or Monero for privacy.
ROFL
You can't just replace bitcoin with another altcoin specially not with centralized shitcoins like Solana that have a massive premine.
Different countries have accepted bitcoin as a currency and some as legal tender, not altcoins.
Different merchants are accepting bitcoin as a payment and it is extremely rare for them to accept shitcoins.

P.S. This attack is not yet as big as 2017 spam attack.

From the looks, it is obvious that this is a planned attack on bitcoin chain, the timing, the nature of the attack and the manner at which it was launched but they forget they are only making bitcoin more popular and gaining more traction. Well, I see a surge in bitcoin price after this whole
saga.
The bitcoin awareness is strong. The adoption is fast spreading like wide fire. No shit coin can take or replace bitcoin not even the shitcoin as mentioned by OP.

Lastly, I think I should remind them not to forget that bitcoin is the first digital currency to be developed and as  such, is the genesis of crypto currency and blockchain technology.
hero member
Activity: 2240
Merit: 848
lol OP nobody is switching from Bitcoin to crappy random alts. If people didn't switch when fees were over $50 they ain't switching when fees are under $10.

Also all alts fail and are short term fads. Solana was big two years ago, now its a broken chain. Monero is interesting for being private but that's it.

Why even try to spread FUD as silly and nonsensical as this??
legendary
Activity: 3472
Merit: 10611
many are switching to alternatives such as Solana for speed or Monero for privacy.
ROFL
You can't just replace bitcoin with another altcoin specially not with centralized shitcoins like Solana that have a massive premine.
Different countries have accepted bitcoin as a currency and some as legal tender, not altcoins.
Different merchants are accepting bitcoin as a payment and it is extremely rare for them to accept shitcoins.

P.S. This attack is not yet as big as 2017 spam attack.
hero member
Activity: 1414
Merit: 542
BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs


It's not bitcoin that the problem here, it's the ordinals and BRC-20 that really affected the network and created this congestion in the last couple of days. Actually it did start around March but it seems it balloon since Sunday as the mempools is being clogged, similar to spam attack.

Of course it has affected by market itself, but I wouldn't say that it's un-useable or should we switch to alternative coins.

Sorry though, I'm not going to click and watch that video.
sr. member
Activity: 728
Merit: 421
OP  I can see from your name it is possible your are really from them. Are you trying to cause a FUD or what?. You are quickly at it singing praise of switching to other alt just because of the ordinals attack on bitcoin chain and here you are calling bitcoin un-useable when there are millions of transactions going on currently on bitcoin chain. It is fine and as a result of the attack on bitcoin chain, transaction prices skyrocketed which is not a new thing on blockchain that miners would prefer the higher transaction fee compared to the lesser. Anyways, thanks for your youtube video, as I had to get more of bitcoin because I saw a quick recovery and price boom in a short time.
newbie
Activity: 16
Merit: 0
BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
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