With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?
I would like to debate this and gauge the community's response to Bitcoin experiment.
We still have other alternatives like eth even though our expensive bitcoin transaction fee, can't deny that bitcoin is still feasible and many want it, so I think bitcoin is still useful even a very high bitcoin price becomes a remarkable thing in its use.
For some reason that high transaction fee makes me optimistic.
It stops bitcoin holders specially the people who have lower funds to withdraw over and over.
With that, the bitcoin number is being held and that means another price increase.
Although it is not good for merchants which do transactions all the time and people who buys item with bitcoin as payment.
What else can we do but just think of a positive side of it.