Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin Hold?
by
error08
on 12/01/2018, 15:38:06 UTC
Tx Fees are very high and slow. It is not practical to be used on daily transactions which I think the first purpose why bitcoin was created.

Indeed, current fee is pretty expensive and it takes a long time to be confirmed unless we are willing to pay higher fees.
But considering the development and acceptance, bitcoin can hold its value above $10,000. It's pretty impressive though.
The only thing that may push bitcoin to fall down if Big countries ban cryptocurrency trading, such as current issue about South Korea news.
However, in the long term, bitcoin will regain its value and rise again due to the usability and originality of bitcoin as the first cryptocurrency.