Quote from: Kakmakr on October 17, 2017, 05:59:19 AM

Quote from: player514 on October 17, 2017, 06:00:11 AM

Quote from: zaphyr on October 17, 2017, 12:41:26 AM

I see a lot of optimism about bitcoin, which is understandable seeing the price recently.
But I have to admit I'm a little worried about the long term future of btc.
The major problems if the currency still haven't been dealt with. I see 2 major ones:

-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make.
-The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable.
-And maybe others that I'm not aware of.

Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.

All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.

With your second point:

It seems like more people regardless of the amount of splits end up depending on Bitcoin anyway. We can tell this by the amount of people who quickly dumped their Bitcoin cash instantly to get more Bitcoin. Furthermore, the support of the splits aren't as widespread as the support of Bitcoin itself.

Switching to ETH will be the biggest mistake you can make, because it is based on fraudulent practices, like pre-mined coins and a centralized circle of founders, who received coins prior to the release of the coin. These Founders have the key to the gates and 100% control over the development.

Hard forks in Bitcoin are part of a open consensus model, so it is no threat to Bitcoin. It was developed like this to give users of this coin the power to determine it's future. < No central authority will make that decision >

Most of the free coins after these forks are sold and those people then buy more legacy bitcoins. So it inject new capital into Bitcoin again. < taking it away from the supporters of these failing forks and dumping it into Bitcoin original >

There is only one guy that can think like this, Roger Ver. The bitcoin hard forks will never harm the original bitcoin for long as we saw it last year. It may only attract more buyers to bitcoin which may help boost the bitcoin price.