Post
Topic
Board Speculation
Re: Bitcoin at $1000?
by
hatshepsut93
on 27/05/2018, 21:27:13 UTC
I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?


Bitcoin fees are driven by open market, they get high when there's a huge demand for transactions, and they get extremely cheap when the demand is low, like for example today. SegWit is not a hack, it's an upgrade that fixed malleability vulnerability, which allows developers to now work on awesome new features. Lightning Network is getting closer and closer to official release, and there's already thousands of nodes on mainnet. People who are working on it are making sure that it's absolutely stable, they don't want to release half-baked software with bugs that can cost millions, like it happens with altcoins. There's no way Bitcoin will ever reach $1000 again.