It'll go down, fees are sky high, as are transaction times, making it unusable as a currency. other alternatives will take its place. Not to mention the fact that bitcoin is a bubble ready to pop.
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It'll go down, fees are sky high, as are transaction times, making it unusable as a currency. other alternatives will take its place. Not to mention the fact that bitcoin is a bubble ready to pop.
That's what I've been thinking. SegWit and the Lightning Network are supposed to address these problems, but they aren't likely to be in effect for several months at least. In that time Bitcoin's reputation will have been damaged, and the other coins that are faster and cheaper will become more popular.
Not sure if it’s in a bubble per say, but the fees are way to high!
People are buying up cheaper crypto and profiting with a lot less fees.
I was looking at bubble patterns and bitcoin has followed the pattern uncannily - right now I'd say it's at the 'return to "normal"' phase
Eh, I'd say we're at the "media attention" phase.
It's still getting a lot of media attention but it's spiked and the price is only going down from now on. The "mania phase" was when it went from $2000 to $20000 in a couple of weeks.