With all the drama around 2x now over and BCC seeming to take away some of the market from BTC, is BTC still king and still set to rise to $7k this year? Thoughts?
Hard to know...seem price will stuck around 7K or worst below 5K if still can't solve network problem. There still 90K unconfirmed transactions till know.
It would really be doubtful if Bitcoin can reach even $8,000 within this year considering the damage done by the attack orchestrated by people behind BitcoinCash, aimed to take the position occupied by Bitcoin right now. I am sure this recent attack can never be the last, certainly these people's greed has already consumed their judgement. There can be more mayhem in the next few weeks. All of these twists and turns can stress out the market and can mean that Bitcoin would lose some of the ongoing interest bestowed unto it.
The high-level of optimism can be back if the Bitcoin network can solve the immense clogging happening again this time. This had been the perennial problem that affected us all and so far I still have to read a news where a clear-cut and workable solution has been forwarded...maybe our Bitcoin decision makers are taking some rest enough for the dusts of the ongoing drama to settle first.
As an ordinary guy also banking on the future of Bitcoin, am hoping that once and for all this big problem can soon be solved so Bitcoin can really live up to its glowing potential of becoming the fist globally recognized digital currency.
