Bitcoin, I've Been Here Before
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Bitcoin, I've Been Here Before
1–10 of 86 posts
Re: Bitcoin, I've Been Here Before
#2Or... AMZN, I've Been Here Before. 5.97 in August 2001
Re: Bitcoin, I've Been Here Before
#350$ in fees per transaction, I never thought I'd see this day.
For the last 3 years, there has been a bitcoin civil war about how to scale bitcoin, as people have warned that the problems we are seeing now would happen.
And unfortunately for bitcoin, the side that wanted high transaction fees, and wanted to prevent all scaling won the war.
And now we are seeing those problems come home to roost, as segwit (which was marketed as an immediate fix) adoption has been minimal, and the mythical lightning network and layer 2 or 3 solutions that the core development team promises will that will solve everything is perpetually 2 years away from completion.
Things are going exactly as people had predicted.
Those of us who are fed up with these problems have moved on to other coins, such as Ethereum and Bitcoin Cash.
Re: Bitcoin, I've Been Here Before
#4Bitcoin as an investment option is pure gamble, unless someone has a better idea e.g. has put its value side-by-side to Gold, Silver, Oil, Adamantium ;) and has noticed a pattern. Perhaps there is pattern, and it is related to the "petyas" of this world (new malware that is massively cashin in/out).
Re: Bitcoin, I've Been Here Before
#550$ in fees per transaction, I never thought I'd see this day. For the last 3 years, there has been a bitcoin civil war about how to scale bitcoin, as people have warned that the problems we are seeing now would happen. And unfortunately for bitcoin, the side that wanted high transaction fees, and wanted to prevent all scaling won the war. And now we are seeing those problems come home to roost, as segwit (which was…
I don't know munch about investing (I do), but 50$ on a 50k transaction that makes a 5k profit, is peanuts and never stopped anyone from investing. Investing is not a sport/hobby for teenagers that rely on the daily allowance.
Re: Bitcoin, I've Been Here Before
#650$ in fees per transaction, I never thought I'd see this day. For the last 3 years, there has been a bitcoin civil war about how to scale bitcoin, as people have warned that the problems we are seeing now would happen. And unfortunately for bitcoin, the side that wanted high transaction fees, and wanted to prevent all scaling won the war. And now we are seeing those problems come home to roost, as segwit (which was…
> Those of us who are fed up with these problems have moved on to other coins, such as Ethereum and Bitcoin Cash.
What do you use those for? In the article above the author mentions you were able to pay for dinner, for various bits and pieces in BTC - even for pizzas, as we all know.
You can't do that with ETH, BCH, or any altcoin, and you can't use BTC for it any more either.
So why move on to other coins?
Re: Bitcoin, I've Been Here Before
#750$ in fees per transaction, I never thought I'd see this day. For the last 3 years, there has been a bitcoin civil war about how to scale bitcoin, as people have warned that the problems we are seeing now would happen. And unfortunately for bitcoin, the side that wanted high transaction fees, and wanted to prevent all scaling won the war. And now we are seeing those problems come home to roost, as segwit (which was…
I don't know munch about investing (I do), but 50$ on a 50k transaction that makes a 5k profit, is peanuts and never stopped anyone from investing. Investing is not a sport/hobby for teenagers that rely on the daily allowance.
But you can also pay $50 on a $5 transaction. LN existing on testnet has no bearing on the real world. Who wants to tie up $50 to open a channel and $50 to close it? Small blockers are kidding themselves.
Re: Bitcoin, I've Been Here Before
#850$ in fees per transaction, I never thought I'd see this day. For the last 3 years, there has been a bitcoin civil war about how to scale bitcoin, as people have warned that the problems we are seeing now would happen. And unfortunately for bitcoin, the side that wanted high transaction fees, and wanted to prevent all scaling won the war. And now we are seeing those problems come home to roost, as segwit (which was…
You don't have to explain the Bitcoin forks - most people who click the comments on Bitcoin threads here know what they are
You also don't have to explain the altoins or pump them - most people here know what they are.
These types of comments might work well on reddit but they don't really add anything for the audience here.
Re: Bitcoin, I've Been Here Before
#9Or... AMZN, I've Been Here Before. 5.97 in August 2001
yea and AMZN was 110 in December 1999, an equivalent drop for BTC would be to roughly $1000. I've been a crypto bull for a long time, but I sold everything 2 weeks ago. I sold a little early, but better to add that addition to my house than lose 95%
Re: Bitcoin, I've Been Here Before
#10To all of those wondering if this article compares Bitcoin to the .com bubble or Tulip bulbs, it's the .com bubble this time. Saved you a click.