Post
Topic
Board Economics
Re: Is it possible for the bitcoin to lose it's value ?
by
zzSunZZ
on 05/10/2017, 15:57:46 UTC
Bitcoin was supposed to be a currency, where a person can send any amount of Bitcoins to any other person in any part of the world within 10 mins and with lowest possible fees. But now, due to a major increase in Bitcoin’s popularity, the time taken for completeing a transaction has increased and is taking more time than 10 mins. In some cases upto 2 hours and in some extreme cases, Bitcoin was not even transferred. Also the fees is rising day by day. All of this is not for which Bitcoin was developed. As a result, if further actions are not taken up by Bitcoin development team, Bitcoin may start to loose it’s value( which will probably not happen).