Post
Topic
Board Speculation
Re: How low will bitcoin go?
by
kwukduck
on 22/01/2018, 01:32:45 UTC
The problem is, Bitcoin Core has become vaporware. Endless promises that will not be kept, that cannot be kept.

SegWit, barely being used while creating new transaction attack vectors.
Lightning Network, mathematically impossible to even work and is overhyped to solve everything, which it wouldn't even if it could work. Nobody addresses the big problems it introduces. Plus it's a pain in the a** to use in the first place.

Once mainstream media starts publishing about this prices will drop back sub $1000 very quickly.

Bitcoin is done, it simply offers nothing anymore in these days.

Ah yea i can hear the comments already "Bitcoin is a store of value, not a currency."
Oh is it? What happened to "Decentralized peer-2-peer digital cash." as stated in the whitepaper?
Remember that was the goal of Bitcoin before it got taken over.

Why would Bitcoin be used as a store of value and not a different digital crypto that DOES work as a digital currency AND a store of value..?

Exaclty, like i said, Bitcoin is only going down to where it belongs, at the bottom.