Post
Topic
Board Bitcoin Discussion
Re: BTC is just not practical
by
Cryptoshops
on 28/06/2021, 08:12:25 UTC
With it's SLOOOOOOOOOWWWWW blockchain and huge prices for transactions and limited supply. BTC will never be a practical finance. It will always be a niche.

Sorry
Dogecoin and it's likes (Eth) are better suited for the job R.I.P. BTC

However, Bitcoin is still the top coin right? have you heard of a country making Eth or Dogecoin as legal tender?

And Dogecoin? are you sure about that? it's been a pump and dump coin since Elon Musk tweet, yes those two coins might be faster than Bitcoin but are people going to invest or used them as payment scheme?


Bitcoin when first launched was meant to be used as an alternative to fiat money, Sadly its now mostly used as a trading asset due to its high volatility and high transaction costs. Its now also hard to mine. It is also a pump and dump coin just like most other crypto. People are turning to coins like Dogecoin for payments because its easy to mine and transaction costs are low at the moment. Even though Bitcoin will always be no 1  its not really viable to be used like fiat money but its a great investment to make fiat money.