Post
Topic
Board Speculation
Re: Bitcoin sucks ass but price still rises- how come
by
vasrasus
on 20/05/2017, 08:10:04 UTC
Bitcoin has become a pain in the ass latley, transactions are stuck forever even with high transaction fees however the price still keeps rising, why is this

Value of XBT is not ultimately based on transaction speed or cost, contrary to common repetition in these forums and on Reddit. The "payments" use case that the consumers and speculators in these forums have such a hard on for is really just not that valuable when looking at the big picture.

Just like the "FX volatility" issue, the "fee volatility" issue will also stabilise in time.

whats there to do with these transaction fees to be able to send bitcoin

Pay the higher fee or just don't use it right now and wait for things to sort themselves out. The transition to a fee market is inevitable, and because this is all still in a very early stage there will be more pain to come.


Indeed,as much as possible save it for future , make it a saving since it will be more in value after time pass by.