Post
Topic
Board Economics
Re: People are extremely biased towards bitcoin.
by
Kizaki
on 21/03/2018, 09:08:04 UTC
Most people here and reddit will defend bitcoin no matter what instead of looking at the problems. Every time someone comments something about the speed or transaction fees they will just yell ''FUD'' or ''Another attack on bitcoin'' but it's not always that. I have been a strong supporter of bitcoin myself but we have to face it, it's not in a good position right now, sure the price is great but what else? Insane fees that are not getting solved any time soon? I know the demand is high but the ones that are buying are just buying to sell eventually not to support bitcoin, not to use it. The demand will eventually fade away and what do we have left? An outdated bitcoin that won't be able to compete with better coins.


It is actually true, most late investors of bitcoin are not actually after it's use case, they are after the money. I really think that the more people who are doing bitcoin transactions the higher the fee goes and the slower the transactions are. There are only few miners since mining is not that profitable anymore.