Beforehand, the absolute advantage of Bitcoin was convenient transfer money with cheap fees, but now if you transfer a small number of bitcoins, fees are a real problem. I also own a few cryptocurrencies in my SnapBots wallet. Bitcoin has become increasingly difficult to become a popular exchange currency but still an extraordinary reserve asset!
https://www.coindesk.com/bitcoin-transaction-fees-more-expensive-than-everThere is a long check-list of promises that go all the way back to Satoshi, and 100% of all the promises have turned out to be lies.
There is no shame, the Bitcoin community now simply doesn't care about any of the promises.
There is only one outcome and that is MORE, bring in more fools&suckers and pump it higher, and rip off more people.
The problem of course is the 'greater fool theory', I think the greatest fools are already HOLDING (HODL) bitcoin, and there aren't any new fools.
Why should newbs embrace bitcoin, its not safe, its not private, its not a long-term-store of value, the transaction costs are $30, to send $1; They don't care that billions of been stolen; They dont' care that the USA exchange system is now ran by the IRS. They don't care about anything, other than ripping people off.
The entire promise of BTC was that you were your own banker, now we find out that BTC brings you your own hell, that your life savings can be stolen in 30 days and there is no resolution. The average kid that invests $1k in BTC exchanges by 90% loses all the first month. Fact.
The entire premise of BTC was that it was a F*CK-U to the Federal Reserve Bank FIAT system, now we know that FSB/IMF created bitcoin to prevent the USD from flowing to gold.
How long do you really think this new generation are going to support the BTC dinosaurs? I think astronomic takeoff of DOGECOIN shows you that BTC is kaput.
What's the difference between BTC-CORE management & Federal Reserve Bank management?? Both are of the same cloth.