The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.
People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.
Do you feel like discouraged about Bitcoin with this latest debacle?
I have become stressed when Bitcoin prices go down, and it's down 70% compared to the cost it hit last Christmas. I have become desperate and wanted to sell everything but get advice from so many people I have given up my stupid intentions. I am happy Bitcoin prices have started coming back.
I would not be discouraged bitcoin and still continue to support bitcoin in its ups and downs. Bitcoin had really helped me a lot in my everyday expenses and bills. It helped to buy my needs in school and personal wants. It helped me to help my parents. There is no way I can stop on bitcoin as long as I will earn from it.
Honestly, it's not actually discouraging, it's a matter of mindsetting. Before you decided to engage in cryptocurrency, one should understand its volatility, market condition, the supply and demand flow, and more of its unique and unextraordinary qualities. It's about accepting its nature, that's just life. If we get to be trapped with the disappointments, it would not lead us to achieving our mission in life.