Post
Topic
Board Economics
Re: Is bitcoin dead?
by
Sundark
on 23/04/2017, 16:55:39 UTC
And I will support you. Bitcoin is alive and will live. The price may fall soon, but then it will recover again. Bitcoin has a lot of potential. The more it becomes more popular, the higher its price
I used to think like you, that price is all that we need for bitcoin to bloom, but see what is happening with Bitcoin now: high fees, long confirmation, low tx capacity.
If we wait a year or two with upgrading protocol Ethereum or even Litecoin might take Bitcoin's place on top of the cryptocurrency food chain.
Bitcoin Unlimited hostile takeover which could crash price is a possible eventuality too.