Topic: My thoughts right now (Read 153 times)
You may be wrong or you may be right. Sometimes there are things happening in this life which put more questions than answers. It's a perplexing world and one has just to go on with the tide. I believe that whatever the trend is happening right now, I might as well have a grasp on it. And when I sense things are getting shaky, then I'll let hold of it.
I have been on and off in the crypto market since late 2011, i remember when the price of Bitcoin was 2-6$, i remember the crash when Bitcoin hit 30$, when mining Btc was a possibility. I'm not a big holder of any crypto and i'm not smart or educated in this sort of market, never been in stocks and so on.
I have read alot and seen alot in crypto . i have doubted Bitcoin a few times. Gox Crash, 51% attack and scaling is the ones i remember.
As i remember we needed scaling in 2013 when gox was active. Now about 4 years later we got scaling/hard fork BUT Bitcoin is still as "bad" now as 2013. Over 200k unconfirmed transactions. This is one key point of Bitcoin: Send Btc fast and with a very small amount of fee.
This is so redicilus, this increase is crazy, if Btc was at 3-5k today that would be crazy, we hit around 18k yesterday , this without a major correction, that cant be healthy. Bitcoin users can't send anything without crazy fees and exhanges can't handle the traffic.
My understanding of Bitcoin Futures is that they are going to short Bitcoin, even if they don't and the interest goes up, we can't handle the traffic anyway.
This needs to be fixed right away but it's seems like lightning network and so on is too far away. I think investors are going to other cryptos because there they can send funds fast/faster.
I am a big believer in Blockchain and crypto but I am not so sure in Bitcoin anymore.
I'm i wrong?
I have read alot and seen alot in crypto . i have doubted Bitcoin a few times. Gox Crash, 51% attack and scaling is the ones i remember.
As i remember we needed scaling in 2013 when gox was active. Now about 4 years later we got scaling/hard fork BUT Bitcoin is still as "bad" now as 2013. Over 200k unconfirmed transactions. This is one key point of Bitcoin: Send Btc fast and with a very small amount of fee.
This is so redicilus, this increase is crazy, if Btc was at 3-5k today that would be crazy, we hit around 18k yesterday , this without a major correction, that cant be healthy. Bitcoin users can't send anything without crazy fees and exhanges can't handle the traffic.
My understanding of Bitcoin Futures is that they are going to short Bitcoin, even if they don't and the interest goes up, we can't handle the traffic anyway.
This needs to be fixed right away but it's seems like lightning network and so on is too far away. I think investors are going to other cryptos because there they can send funds fast/faster.
I am a big believer in Blockchain and crypto but I am not so sure in Bitcoin anymore.
I'm i wrong?
Jump to: