Post
Topic
Board Bitcoin Discussion
Re: I have NEVER seen Bitcoin in such a sorry state as this!!
by
Naughty Princess
on 25/05/2018, 22:20:18 UTC
Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"



Good for you - you realized it is good for absolutely no practical purpose and was lucky to sell at around 16.000 - as opposed to the "HODL" cult members in here you are stuck with counting their losses and clining to hope as their only strategy

Wait a minute! KwuckDuck is that you talking to your alts again? Lol, welcome back.
This has always been the trend and it's no longer shocking. What plays highly in the market is the supply and demand which are both present in any marketing or finance industry, and both affect price condition, Bitcoin is not exempted from it. It has its highs and lows but our faith and positivity should remain strong and high. The downturn won't stay longer, and so there's nothing to worry.
Bitcoin has also get some corrections like other coin which make it more volatile. It is true that it is not exempted in the condition that sometimes low and sometimes high because there many people that wanted to have bitcoin. There is something to do with the increase in the demand from the limited supply where many also contribute for the low price because of panic selling. We have to hold strong and always believe for the positive change in price of this in the market.