It's clear that Bitcoin isn't the best coin anymore. Problem is because of all this hype there is a lot of new dumb money that only see Bitcoin's insane price growth. That kind of people that leave their money on Coinbase is what I'm talking about (for long term).
If people would look at things more objectlively things wouldn't have gone this way.
I'm not naming other coins because I don't wanna make this a pump post.
Too much dumb investors these days.. Bitcoin is no longer useable in a normal way but noobs will never realize because they never make a transaction to their own wallets because they don't even know it's decentralized and stuff...
I hope Bitcoin will fail soon. It has had enough time to be adapted to its use of today. Why can't Bitcoin be as good as other and better crypto's? I have no idea. But in my eyes it's already game over for Bitcoin.
I know theres gonna be a lot of fanboy hate coming to this post. Don't make them ruin this topic please.
Thanks to those who made Bitcoin possible, we will never forget you. But now it's time to move on.
DEAL WITH IT!!
Quite reasonable points made. Even I agree to this. But you really think Bitcoin is sustaining its value because of utility? No. Bitcoin was never preferred to be a currency by investors. It is mere a store of value for people. People park their dollars in Bitcoin to grow their money. Most of the people don't really care about increasing fees because they hardly transact.
Utility wise Bitcoin is way behind many altcoins. But demand is still there because altcoin traders doesn't really care about utility here. Bitcoin has limited supply and maximum adoption which is increasing day by day due to massive popularity. Thus, a better way to grow money. That is enough a reason for investors to put their money in BTC.