Bitcoin is very slow transaction and fee is rediculus then why people bother buying it or considering it. I have £130 of bitcoin and I want to move it and it is asking for £28 network fee. Why should people bother having it. I can't wait to get rid of it when the fee is low.
The network fee only goes up when the volume of transactions go up and that is norma with anything. With more demand comes scarcity which means that there is going to be harder time with using the coins. Bitcoin is far from useless and it is the coin that makes it possible that we have all of this industry which we can invest in right now.