Quote from: 27QVUTZj8rgZP1 on Today at 01:17:23 PM

I have been a crypto enthusiast for many years. And to me it seems Bitcoin deviated from its intended purpose.

Many things have changed these years, and even the average Joe is now buying crypto.

But many people are not buying Bitcoin because of its usefulness, they are buying to speculate (hoping its price will increase).

And yes, there are better alternatives to Bitcoin, simply because Bitcoin refused to improve. It is in the pride of being the first, but that alone won't make it successful in the long run. It is just not as useful, efficient and cost effective as other options available in the market.

To me, Bitcoin's price is overvalued. And when people see that, Bitcoin will get the price it actually deserves. And when it happens, it may be too late to reclaim the throne.

Everybody has their views.
Just like I believe Bitcoin price is undervalued
Bitcoin didn't necessarily deviate from its intended purpose
It's more like it evolved and added as a store of value
And yes though Development has been slow and cautious it's price payed for security.
Scalabilty is been solved by Layer 2 network and in the future we can see something better than LN.

All cryptocurrencies are speculative in nature and it wouldn't be easy for any to take over Bitcoin as the pioneer of the cryptocurrency.

It's true that many are buying Bitcoin as a speculative asset but many isn't all
And as time goes on they would understand the flaw of the Fiat system.

Quote from: Phobos_Quake on December 20, 2024, 04:46:36 AM

I'm worried about fees going too high when Bitcoin gets mass adopted. (I don't need to explain, 1 block every 10 minutes)

If Bitcoin fees go to $100 or more per transactions, then it's not viable for low and middle class, for mundane tasks like transferring some to someone, DCA a monthly low amount,etc

Either scalabilty remained stagnant with no improvement which is very unlikely or $100 of then Would be a dollar of now.