Quote from: culuuton on October 17, 2017, 08:49:59 AM

Quote from: mitchr4 on October 17, 2017, 08:28:43 AM

Quote from: The_Dark_Knight on October 17, 2017, 02:39:11 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.

If bitcoin does not survive I do not see any other currency taking bitcoin place, so if you want to get out of bitcoin I will suggest to get out of cryptocurrencies completely, and about the hard forks it is very obvious the forks are not being created to solve anything, it is just an attempt to make money with bitcoins name and at the same time to attack bitcoin and see if people fall and accept one of these awful coins as the new dominant coin.

If bitcoin does not exist then all altcoin or cryptcurrency will also vanish in my opinion. Because most altcoin is based on Bitcoin. Some cryptocurrency life is dependent on the survival of bitcoin.

I also agree most altcoin is based on Bitcoin but they play different roles. BTC is the gateway from fiat into digital currency. Cryptocurrency coins can make our daily lives easier, they can change the way we live and help the future of this world economy. Don't worry about bitcoin and altcoin. If something exists , it is present in the world as a real thing.

I 100% agree with you. I see that more and more Government start to accept and regulate Cryptocurrency as a kind of fiat currency such as South Korea tax income Bitcoin, Russia release CryptoRuble and so on. I believe that we should continue to invest in Bitcoin. Grin