Quote from: aardvark15 on September 06, 2017, 08:26:36 PM

Quote from: mynhpark on April 27, 2017, 02:45:48 PM

Bitcoin price has outperformed every reserve and fiat currency across the world year to date, yet again. By outperforming the US dollar by over 30 percent, Bitcoin surpassed the growth of the Mexican Peso, Silver, Gold and Russian Ruble to become the best performing currency so far in 2017.

Thus far, 2017 has been a successful year for both Bitcoin investors and alternative cryptocurrency (altcoin) traders, with leading altcoins or crypto assets such as Ethereum achieving a $5 bln market cap in early April. The Bitcoin market, however, experienced some major changes in its ecosystem earlier this year. The major driving force of Bitcoin price in 2017 is suspected to be the resolution of the Bitcoin networks current scalability problems.

The Bitcoin networks one MB cap on block size is causing Blockchain congestion, a drastic increase in fees at times and long confirmation times. If Bitcoin scalability issues are addressed within this year, with innovative solutions such as Bitcoin Cores Segregated Witness (SegWit), Andrew Lees Extension Blocks or other potential emerging solutions, Bitcoin price will most likely demonstrate an exponential mid and long-term increase.

Would you invest in BTC this year?

Bitcoin has been a great investment for this year so far, but so have many other cryptocurrencies. In fact I believe that some of them have done even better than Bitcoin.

You would have to look at the prices of some of them like Etherium and Dash etc to see if any have outperformed Bitcoin. Regardless, many have done very well this year which is a good sign for cryptocurrencies in general. It means there is a demand for it.

These shitty altcoins are nothing compared to bitcoins and they can never surpass bitcoins in performance. Bitcoins have much larger market than eth and eth is an old rival of bitcoins who always get beaten badly by bitcoins. Eth can never ever overtake bitcoins and always produce less profit than bitcoins.