Topic: Bitcoin: Rising or Falling? - page 6. (Read 2070 times)

Just think of it, would you really feel happy paying enormous amount in fees, still waiting to get your transaction being taken in a block under the mercy of miners who just ignore it one by one? Can you please check that day-by-day, situation is getting worst because the number of unconfirmed transactions has been breaking records with the value of course. I'm extremely happy with the rise in it's value, but would you really take it that your transaction gets stuck in the mempool for like days to get confirmed?

Bitcoin is rising up because some person with big pockets of money are buying BTC. And now we are waiting BTC Fjuchers which will be listed in some Exchanges, because it will make bitcoin price more stability.

It will rise as long as the pace of adoption continues to increase, there is only 20 million bitcoin wallets today, there is definitely room to grow...
Not to say that it won't have wild swings in price.
Many people calling the rise parabolic and comparing to the S&P 500 stock index, or gold...But they have the wrong base of comparison.
All innovations have parabolic rises as the population catches up to the new normal.
Eduardo Saverin paid 15,000 USD for 30% of Facebook. The company is work $500,000,000,000 today..

pass it on


https://i.imgur.com/33jU2Pt.png

https://i.imgur.com/5pSY2Ke.png

Steam abolished bitcoin payments and now you can't buy games with Bitcoin. I don't see many shops which accepted bitcoin. Not small shops, but shops which sells cars, flats and other high price staff. It's bad and strange. Bitcoin price looks like a real bubble.

Fee around $25 is not too much if you making like $1k.
And its not so easy money. It can fall down, just as well as rise to $20k per BTC.

Bitcoin rises because people hear about it, invest and think its easy money.
Bitcoin's fees are crazy as the avg is around $25.

I do agree with you as I feel Bitcoin will lose its value if the above issues are not solved quickly. Bitcoin is indeed not the same as it was a few years ago. The growth of Bitcoin can be considered as a strong support from the holders but then the transaction issues will create further problems and then holders might find it difficult to trust Bitcoin. The lightning network is the only hope foe the holders and can be able to solve the issues. I do strongly support Bitcoin and want it to solve the issues quickly but I guess there are more haters in this forum who want BTC to drop in price and that's why they are spreading FUD here.

I think its clear that the value of bitcoin is rising due to the influx of positive headlines regarding BTC as an investment opportunity.

There are hordes of new investors jumping on BTC, this is obvious as the backlog of transactions is currently insane, with even high fee transactions taking hours to confirm.

Jump in now, or regret it when it hits $20k.

I agree, bitcoin price, popularity and adoption growing fast while scalability of bitcoin isn't solved yet. However, bitcoin is still rising and scalability will be solved when LN is ready and more people/service use SegWit
In fact, according to this news (Source), we might able to see LN as beta feature in mainnet and users can try it with small amount
Also, block size increase is possible when most nodes are able to handle bigger block size and majority of the community agree, even though i'm sure it won't happen anytime soon.

On the one hand, the value of bitcoin experiencing surges indicates an increased strength of bitcoin such as cryptocurrency,
whereas the current bitcoin price increase is actually not rational, because it feels like inflation.
Because the Bitcoin community fails to find a solution - not just a short-term solution but also a permanent solution to Bitcoin network conditions.
As a result transactions sent to the Bitcoin network are delayed, not just in minutes or hours, even days.
Worse yet, circumstances like this will form an "unhealthy" competition between bitcoin users.
And will increasingly make transaction costs more expensive, because the users expect with a high cost, the transaction process will be faster, but it does not affect, in my opinion.

The bitcoin is rising because of too many peoples to work or eran money

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.