Topic: I think the potential of BTC is over - page 4. (Read 6198 times)

I still support the BTC, my concern is BTC in Blockchain bottleneck problem, rather than on the investment, although there are direct relationship between the two.

There's a good chance that Bitcoin will lose his edge and another coin will step up.
But that moment is still very far. Right now there's a "bottleneck", but Bitcoin will pass it and evolve.
Although it's evolving slowly, maybe too slow, Bitcoin is quite mature now (so it may not need to evolve that much in the future) and it has a huge industry behind it. Bitcoin will need something really big to happen in order to lose his lead. And the competitor may not be even "born" yet.

OP is a altcoin bagholder, this is without doubt a certainty. Either that, or the OP is clearly lacking adequate education and understanding for complex problems such as scaling, governance, et. al.

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ETH style contacts are going to be in Bitcoin in June, therefore ETH loses its advantage: https://bravenewcoin.com/news/ethereum-style-smart-contracts-are-coming-to-bitcoin-in-june/

DASH is a centralized, instamined scam. If you support DASH you are either delusional or very greedy.

Every single altcoin will face the same problem.

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Looks like OP, and the people similar to him/her should let others do the thinking for them (until he/her/it gains the necessary knowledge to form a proper opinion).

The price means absolutely nothing. Look at ETH, 4.5 billion cap with zero actual real world usage.

Which leads to centralization if you trade-off too much. If you want a centralized coin that is run by a 'High King', then go buy ETH.

No, no, I or most people did not mean to discredit BTC, only on BTC encounter bottlenecks, feel trouble, even if the BTC have the best team in the world, but they still didn't change the BTC

Why so many black thoughts and predictions on Bitcoin lately? Because of price dump? It's not the end of the world and Bitcoin if there are some issues appearing. Bitcoin still has a lot potential that is unexplored and that needs to be used in right way. Don't give up on Bitcoin people!

If you are investor you need to continue that bitcoin will gives us profit, the potential of bitcoin is never lost mean it. More people give negative speculation for the biggest dump of bitcoin and if your faith in bitcoin is weak i think you will be do panic selling of your investment which is not good for the investor.

I think bitcoin still have lots of unexplored potential and that will makes bitcoin strong if community/miners isn't divided and people keep contributing to bitcoin development.
Innovation from ETH or other cryptocurrency also can be added to bitcoin if it's necessary/have lots of advantage without risking decentralization.

Come on guys - it's not the 1Mb blocksize that is the problem, it is the transaction processing. Larger blocks is just one simplistic ( and not very good imho) solution to provide a short term "solution",

The potential of bitcoin will never be over.

Bitcoin IS digital currency. Its spawned hundreds of imitators.

Bitcoin will always be bitcoin.

Alts will come and go. Some are so uncreative that they have to use the word "Bitcoin" in their name, even though 99.999% of their code is lifted straight from bitcoin.

The potential of bitcoin - compared to every single other cryptocurrency in existence - is wide open. The nearest competition is not even close. Instead of offering verifiable improvements, the main strategy of the most well-funded imitators is to confuse people into thinking it's the same thing as bitcoin.


And yes I'm talking about BU, of course, which is disgustingly shameless, and the essence of reptilian greed. Its the epitome of valuing one's own affluence over the welfare of mankind.

We have competent dev in Bitcoin, definitely they will come to their senses else if their only objective is to destroy Bitcoin then the doomsday cannot be stopped.  I am also hopeful that this  political conflict will come to an end and let Bitcoin move forward.  I believe that if this two (BU and BC} come into terms no one can stop Bitcoin to continuously rule the cryptocurrency.

did you see anywhere that i am denying the fact that fees have gone up? of course not, i am just as pissed as anybody else. but to say it is a problem and bitcoin is going to hell is just dumb! so you used to pay a low fee and now you are paying 30-40 cents per transaction, that is not called "a lot of trouble"

market cap is not a valid thing to compare cryptocurrencies.

but since you like it let me explain. this is what ETH did:
they held an ICO and controlled a big chunk of then 80 million coins in their own hands. then there is no max supply for the coin so new coins are being mined nonstop, right now it is around 90 million coins. a simple calculation is 90 million * price = market cap
but the problem is the 90 million coins are not in circulation. i would be surprised if i know anything more than 10 million is open to public. which means real ETH market cap is 1/9 of what it is now.

you are right about the usage going up but not about the attack.  you need to watch the mempool a bit then you'll understand. when some entity(s) start injecting the mempool with hundreds of transaction in a couple of seconds and continue keeping the number up for days.
click on some of the transactions and look at them carefully. you can even find some topics in this board about it.

i am not trying to shut anybody up, i just can't stand nonsense
with that said i am very interested to see what people say about ethereum in a year (on 2018-3-29) when the blockchain size of it is 400-500 GB and there were only a handful of nodes available making the security practically non-existant, when there has been another non-consensus-hard-fork which splits ETH to another 2 chains (3 in total) and when there is another exploit like DAO or even when another serious bug were found in the poorly written code.
or when the attackers on bitcoin decided to pay a visit to ETH blockchain

Hey concern trolls, if you think bitcoin is 'dead' then get developing.

That's a more constructive use of everyone's time.

I'm getting tired of seeing this kind of thread everyday. Bitcoin is still above $1000, what kind of potential for bitcoin is the OP looking? Are you looking for $1500 price and say that bitcoin is no. 1 crypto? Bitcoin has far face challenges before and still survived. I thought the level of FUD has minimized, but somehow there are still on it everyday spreading the same lies. I'm just shaking my head and ask myself the question, what purpose they really want in twisting the truth.  

I agree with your point of view the high fees is really bad

I don't think that Ethereum is going to destroy Bitcoin or anything but you're just completely in denial about how Bitcoin is doing and how it will continue to do.  Today, I sent a normal transaction of a fairly small amount of Bitcoin and to get it confirmed within an hour I had to pay a fee of more than 2mBTC.  It's really bad, and no matter how much people meaninglessly scream "shitcoin" it's not going to stop Ethereum having more than a quarter of Bitcoin's market cap, which it does.

It's not just an attack on the network either.  Bitcoin's transaction volume has been steadily going up with its price for a long time and its usage has just objectively reached its limit.  

I expected to look at Ethereum's transaction volume and conclude that the price rise is just a pump, but its transaction volume is about the same fraction of Bitcoin's as its market cap, which is very surprising to me.  It really is getting somewhere and we need to stop shouting at people who admit that (or trying to shut them up).

I think as long as there is no payment systme for online shops acceptinbg altcoins, there is no competition for bitcoin.
But as soon as a system like bitpay for altcoins is developed, or maybe bitpay itself even accepts altcoins, bitcoin will face trouble.
When the masses learn that they can use other currencies instead of bitcoin which are much faster, they will choose the payment option that works best for them.

Not all is lost:

“RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.”

https://bravenewcoin.com/news/ethereum-style-smart-contracts-are-coming-to-bitcoin-in-june/

I see threads like this every day now. Partially it's FUD (with a hidden agenda?), why else would FAFKINGS create a new account just to post this? No way someone new to Bitcoin starts with this thought!
In the Speculation-section newbies spread FUD on a daily basis. This one got lost in "Discussion" where people aren't used to the FUD yet.

I'm still hopeful too, but Bitcoin can only grow if the number of transactions grows. This has been taking too long already, and there's still no hard increase scheduled.

This all started in the scaling debate then companies started showing up with solutions to problem then the power grab between that two companies which is Core and BU started.
They're are fighting on whose going to take control this digital currency. Is there even a bitcoin scaling problem to begin with?

Though there are many problems in bitcoin but the community will not let go of bitcoin that fast. We have witnessed the  huge dump from whales and a large number of holders have shifted to eth and dash the last few weeks but we can still that bitcoin is still holding on. This is the power of the community's trust to bitcoin and with it bitcoin can still recover and can keep moving on. I just do hope the UASF will be launched soon so bitcoins will no longer be dictated by the conflicting miners.