BTC should drop to 5000 until they fix their ridiculous slow transaction times and high transaction fees. I'd expect BTC to decline sharply until it is upgraded.
BTC should drop to 5000 until they fix their ridiculous slow transaction times and high transaction fees. I'd expect BTC to decline sharply until it is upgraded.
Dear cryptonfused,
I know your feel. Those conditions are terrible. I do not get it why the whole community cannot come together and do the right thing and decide wisely. Every intelligent person should know that the fees are too high and the transactions too slow. So this needs to be solved (bigger block size etc.; but most important: there should not happen the same thing as with bch in August; the consensus should be as homogeneous/large/consistent as possible).
If btc keeps being like that, it could get really dark for its future (and bch might overtake (btc)).
Cheers!
Cheers!
Until they fix it? That's what a hardfork is made for, and that's already in place. Ever heard of BCH for example? People are so stubborn they won't use it. How sad!
I'm not one of them, never dumped BCh after the fork but we are talking about an upgrade to Bitcoins, not a completely new different coin.
If you need to move BTC quickly and cheaply, use segwit. if your exchange or wallet does not support segwit, write to them and ask them why they have not implemented this fast and cheap method to transact btc.