Quote from: Triple on December 07, 2017, 07:47:21 PM

Quote from: spartak_t on May 21, 2017, 10:21:36 AM

I think everyone with at least half a brain knows we are in a bubble. What's the reason of latest Bitcoin increase? 100s of thousands unconfirmed transactions? How about all these crowdsales and ICOs based on Ethereum? All these "exciting" projects? Why DGB is close to 900 satoshi? DOGE? My personal opinion is that the price of a coin (or whatever) should be justified with usage and I don't think that usage of digital currencies has increased THIS much. Don't get me wrong - I'm also excited with the latest BTC increase and everything, but I'm always thinking about the future and now I think it looks scary...

Yeah, to be honest those exact thoughts have crossed my mind as well. The transactions per second rate is awful for BTC, and the extreme fees and slow confirmation times don't make it seem much like a currency at all. It's not suited for everyday practical use. I think most people are looking at BTC like they do gold. As an asset that they can just hold and liquidize at any time they choose. Like I've said before though, the next two years will be huge for BTC and cryptocurrencies in general.

I could not argue for more on the things you are saying on here which is actually right. Seeing on the current situation of bitcoin it cant really be considered or good to make it use as a currency because of the things that do prevent to consider it as one. Slow confirmations+High fees which would really be a bad disqualification in direct speaking.Back in the past I haven't even think off on this thing regarding that Bitcoin is a bubble but basing on its current movement it turns out that it is already on that state.