Friends,
Try to literally understand the depth of my words as to what I tried to say here. This is not a speculative topic at all, so all those speculators please stay away from this thread.
The issues we were undergoing with the holy spike in the value of Bitcoins as well as its demand that grew so hard that it became unavailable for the network to welcome the newcomers as well as their transactions - SCALABILITY OF BITCOINS.
Are we near to a new era or an end? We put our trust and support Bitcoins just because we are able to transact freely any time and from anywhere.
But I guess it's not the same anymore, even after the SegWit, things have just stabilized quite a bit but I really don't think that if it goes the same way, we will be able to cope up with the demand that will surge highly after the whole world's ends meet and decide to start using Bitcoins at an extremely wider pace. Let's talk about the fees - we were never ought to spend more than a buck before when it used to be 500 - 1k a coin (I really don't have any problems with the price rise as it's for the good of Bitcoins anyways), but after the spike, we are only seeing the fees rise and sometimes we even need to pay the whole amount of fee, sometimes even higher than the total transaction amount that's being sent. And the worst thing - even though after paying those high fees, we still don't get results as expected, we don't get our transactions taken in those blocks that just come and go and we just keep calm and wait harder and patiently that next one will take it, and repeat the same after the next one also ignores our transaction.
Don't you think this should not be the scene with Bitcoins? I am not in support of any so-called hard forks and will probably never be.
I just want Bitcoin to gain its image back as it used to have - Cheap and quick. Cheap - for transactions part and Quick - for confirmations.
I don't know what initiative is to be taken, but I really care for Bitcoins because it took care of everyone.
Try to literally understand the depth of my words as to what I tried to say here. This is not a speculative topic at all, so all those speculators please stay away from this thread.
The issues we were undergoing with the holy spike in the value of Bitcoins as well as its demand that grew so hard that it became unavailable for the network to welcome the newcomers as well as their transactions - SCALABILITY OF BITCOINS.
Are we near to a new era or an end? We put our trust and support Bitcoins just because we are able to transact freely any time and from anywhere.
But I guess it's not the same anymore, even after the SegWit, things have just stabilized quite a bit but I really don't think that if it goes the same way, we will be able to cope up with the demand that will surge highly after the whole world's ends meet and decide to start using Bitcoins at an extremely wider pace. Let's talk about the fees - we were never ought to spend more than a buck before when it used to be 500 - 1k a coin (I really don't have any problems with the price rise as it's for the good of Bitcoins anyways), but after the spike, we are only seeing the fees rise and sometimes we even need to pay the whole amount of fee, sometimes even higher than the total transaction amount that's being sent. And the worst thing - even though after paying those high fees, we still don't get results as expected, we don't get our transactions taken in those blocks that just come and go and we just keep calm and wait harder and patiently that next one will take it, and repeat the same after the next one also ignores our transaction.
Don't you think this should not be the scene with Bitcoins? I am not in support of any so-called hard forks and will probably never be.
I just want Bitcoin to gain its image back as it used to have - Cheap and quick. Cheap - for transactions part and Quick - for confirmations.
I don't know what initiative is to be taken, but I really care for Bitcoins because it took care of everyone.
If during the big whale still playing in market, It refers to a situation of constantly rising bitcoin price. And finally, bitcoin is too difficult to trade.
Thus, investor and speculator switch from bitcoin to altcoin (for a change).
If this happens, maybe it time bitcoin to fall and eventually die.
But currently its slowing down..
