So today we are in bear market with a huge disbelief
Bitcoin is now going through hard times with stupid hash wars, global critics, you can't buy many things with BTC, I mean you can't live spending only BTC, at least in most countries. Transactions are slow, fees are big. We all know this, however we have Elon Musk, N. Nassim Taleb(visited blockchain conference today -
https://www.youtube.com/watch?v=Da0aXfshlxM&t=1144s) talking on Bitcoin.
I actually don't know if anybody else talked about BTC from realistic point of view. I mean people who is not connected to this crypto-world. Do you know anyone? I mean these mr. W. Buffet quotes are hilarious.
So today everyone knows how to short, many people still in the game but not expecting too much from this. So we can say that it is probably a new period to gain new hype and adoption cycle. I believe next hype cycle will take place when halvening and lighting happens. What are your thoughts on current situation, and how do you see bitcoin or any other crypto being adopted as a paying instrument for anything being such a volatile asset?
Yrgxlrm rh fmhglkkzyov, low hklgh. We can't really live with only bitcoin using payment for anything. Fiat cannot be replace by bitcoin, bitcoin can be just an optional payment just like credit cards or debit card if you don't have cash.
Price of bitcoin is really unidentified and we cannot tell exactly when it will pump again. We are all in a game that doesn't know exactly what will be the ending. But we need to accept the challenge for us to get profited so that is the risky side of this game.