RE: Crypto Dives AGAIN? Trading and Some Warnings
I'm with you here. I've been thinking about this for a little while now, and it makes sense if ETH overtakes bitcoin at some point. There's too many negatives about bitcoin and Ethereum itself makes it like a little internet is being built with it.
What good can bitcoin really do now? The transaction fees are crazy (although they are around $1 right now), it's losing vendors and adoption is down, and the transaction speeds are too slow. But at the same time, I get the sense that bitcoin could shoot up out of nowhere at some point. And it's not like Bitcoin can't change either.
One big successful update to the Bitcoin blockchain could change everything. If it could lower the transaction fees way down, bring the speed way up, and get the adoption to increase, then there's no saying where the price of bitcoin could end up. It already has the awareness and the name.
For now the market as a whole seems like a big waiting game.