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RE: Will Bitcoin Surge Upward Again in the Near Future? CME Futures Price Curves Say “No”.
The mere fact that the CEO of bitcoin sold his bitcoins shows that there possibly is no more hope for bitcoin and the transaction rate of 12 hours is just too poor.Thanks alot for sharing.You did great.
Thanks for your encouragement, @stephenpaul. Do note, though, that the futures price look forward only six months (the bitcoin early adopters had to wait more than 5 years), and they remain highly sensitive to highly consequential and unexpected news.
Regarding the transaction confirmation rate (and the fees), I too feel that bitcoin is a dead duck as a payment mechanism (it remains great as digital gold, to me anyway). The developers seriously misjudged corporate support for segwit (the support is coming but oh so slowly) and have badly over-hyped lightning due to the fact that lightning will not be available to us for another year (I understand).
It is not too reasonable to think (IMHO) that the competition to lightning will fall asleep for the next year so lightning can catch up. It is more reasonable to think that when lightning goes public its competition will also have made relevant software advances, and over these next 12 or so months people like you and I will have long ago gone over to LTC, DASH, etc., to send small sums to our relatives abroad.
All this is IMHO, of course, and one thing I learned in the stock market is how to accept being wrong most of the time in my opinions!
I am following you!