Last time Bitcoin went wild was near the end of 2017. She went to about $20,000 a bitcoin.
Now we see that Bitcoin is going wild again. Why did Bitcoin fall the first time, from $20,000 at the end of 2017, to $3,500 by the end of 2018?
Basically because of miner's fees. Transacting in Bitcoin wasn't profitable, because miners got together and raised their fees so high that it wasn't worth trading Bitcoin.
So, it was the miners' fault that Bitcoin fell. Otherwise it would be at a million by now. So, are we ready to sue the miners if they increase their fees again?
Let's hear it. Find the miners and sue the pants off them if they raise their fees this time around. Who is with me on this line of thinking? What should our strategy be?
Now we see that Bitcoin is going wild again. Why did Bitcoin fall the first time, from $20,000 at the end of 2017, to $3,500 by the end of 2018?
Basically because of miner's fees. Transacting in Bitcoin wasn't profitable, because miners got together and raised their fees so high that it wasn't worth trading Bitcoin.
So, it was the miners' fault that Bitcoin fell. Otherwise it would be at a million by now. So, are we ready to sue the miners if they increase their fees again?
Let's hear it. Find the miners and sue the pants off them if they raise their fees this time around. Who is with me on this line of thinking? What should our strategy be?
Well that would be another reason why Bitcoin fall to $3k. Basically miners mine the coins and then when it was about to harvest their labor, they sell and that's the start of price falling. I don't think we can do much about that situation and I suggest to just ride the tide then do the right decision when it comes to selling and buying bitcoins.