Question,
I am reading a lot of articles again today that Bitcoin will burst because transactions are way to high and payment processing time takes so long... Only people who speculate on the price are holding btc now...
If the Bitcoin bubble burst, do we go down as well or could it be a massive shift from Bitcoin into other coins? I guess we go down, a lot of speculators that own Bitcoin don't know shit about other better coins...
Unless there is a paradigm shift (ie the tech gets usurped entirely), bubbles tend to collapse the whole market. Isn't fair that amazon got lumped in with pets.com, but the market couldn't separate them enough to make that distinction--at least not fast enough to avoid amazon's price collapse. Many will see Bitcoin collapse and think all blockchains are flawed. There's an actual use case for privacy and blockchains, but good luck explaining the fine details to someone who thinks Bitcoin is a company or can be hacked.