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RE: Crypto Rants

in #bitcoin7 years ago (edited)

I hope what you say about Bitcoin is true, but once people stopped doubling their money every 10 days, the love affair with Bitcoin may be over.

Every new ICO labels itself "the next Bitcoin" and everybody that got into crypto in December's bubble now is looking to throw money at every coin that's worth .20 cents or less.

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According to Crypto Investor there is still a huge reason to pump bitcoin. It is all about brand recognition and that market share will recover even if there is no real use case at the moment (digital gold?)


Everyone pumping shitcoins is a bit of a concern, but there is enough money for everyone in a bull market which we have and for bear markets people prefer bit caps. I would say stagnation in technology is even more of an issue, but what do I know - I am just a geek and again this can be turned around if the community at least tries to do so. There is some evidence of that: segwit adoption is growing and coinbase is being pressured to get segwit and batching implemented, which should eliminate any queue on memory pool and reduce the fees, but again that is a bit too much to explain in a reply, so should deserve its own article.

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