Quote from: Aventhe on December 22, 2017, 07:37:54 AM

Quote from: Ludmilla_rose1995 on December 22, 2017, 07:34:44 AM

I think the price drops on all the coins only in the holiday season and the beginning of the year later they will rise higher. the reason I say that is because at the end of the year people need money for Christmas and New Year's parties, so they sell a lot of bitcoin or other cryptocurrency for the end of the year.

I think this would have to be the case.

Quote from: ClumsySmile45 on December 22, 2017, 07:35:44 AM

Quote from: junoreactor on December 22, 2017, 07:33:22 AM

I don't think it is a correction. I think it is due to the obvious limitations of the coin, victim of its own success. The coin was not prepared for mass adoption (and I say "mass adoption" but it is very far from being the case now, obviously).
Fees (in Bitcoin):
2 years ago, 25 to 30 btc a day
1 year ago, 65 to 80 btc a day,
today, 150 to 210 btc a day, that's around +600 % in 2 years, absolutely shocking. It is way too expensive.

A shame because the concept of Bitcoin is great, but it is technologically limited.

Is there a way to improve its technology? It is very alarming right now, how the transaction fees have ballooned and its transactions process get slower and slower.

Possibly the lightning network is the key to this trouble, but that awaits to be seen as to when it will be adopted.

Quote from: freightjoe on December 22, 2017, 07:35:24 AM

Quote from: Slimberry on December 22, 2017, 07:27:48 AM

Should I sell or hold? Right now sincere advise needed.

GTHO. (Get The Hell Out)

Why? Read OP please....

Quote from: Aventhe on December 22, 2017, 07:21:43 AM

PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.

I agree that bitcoin was not ready for the surge of investors, If there will be a way to enhance its systems there will be no worries to anyone anymore.