Re: Worried about btc future

I had a few approaches at forex, and I can share my experience if you are interested: it is a game in which brokers win and the rest is destined to lose in the long run. Especially nowadays with the participation of pseudo AI trading bots forex has become a sort of a lottery, in which results are random or as close to random as it doesn't matter. So there is no winning strategy in existence (as there is no winning strategy to any lottery). Treat it as a lottery and participate occasionally and you'll be OK or even you might win something significant in one of the "draws"; but treat it as an investment in which you regularly participate and the law of large numbers will rule your fate (and you are doomed to lose in the long run)

Quote from: layoutph on November 14, 2017, 05:02:10 AM

True, if Bitcoin (BTC) would not survive. Then this is the start of crash of most crypto currency. Majority of ALTCOINs will start to dissolve too.
So what I am doing now is learning Forex and Stockmarket so whatever happened I have another source of investment aside to crypto.

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.