Post
Topic
Board Speculation
Re: Bitcoin sucks ass but price still rises- how come
by
jc89
on 21/05/2017, 20:50:28 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

is this a bubble and bitcoin will collapse to pre 1000 again or will it continue to go up?

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

The long wait for the transaction confirmation really sucks but I hope/believe that this will be temporary. It should be fixed and anyone associated with this should compromise. Despite of the bottleneck in confirmations, we are aware that more and more people are beginning to engage in bitcoin so seeing it's price to soar up is not much a surprise.

If ever this is some sort of a bubble then dropping to < 1000 is too low. I would say between 1500-1800. My basis is the act of Japan, Russia, and Australia.

Pay more transaction fee, an obvious answer, I guess.