Hi Steemians ,
first of all thank you all members and followers those support me , and my figures ready to write posts
for all my lover's :)
i know bitcoin when it's price was 685$ but i never buy or hold bitcoin , i know bitcoin price up but my heart never like this
coin i know why .
Today i read a lot of Article about Ending Bitcoin Support so we Discuss about this Article ,
Ending Bitcoin Support
While this news is a bit sad to see, it sets in the reality of what Bitcoin is, Vs what it was dreamed to be 5 or 6 years ago.
Adoption and use cases are where the rubber meets the road, and this applies to all of these projects on crypto.
Reality is a great fuel to spur innovation. In the end, it's a good thing to see a well-established payments platform give Bitcoin a well-deserved try and concluding that in its current state it's not a fit solution for them nor their clients.
Long transaction times and expensive transaction fees make Bitcoin totally useless for small transactions. For large transactions, you probably want to go through a bank or some centralized institution that can guarantee things end up where they are supposed to.
The lone hold out use case seems to be as a "store of wealth". But yeah... that is essentially a total give in to speculation. And it looks a heck of a lot like a ponzi scheme where you don't want to be the last one holding the bag when the bottom drops out.
Thanks you for reading this article .
True, Bitcoin is really an great mystery and when we think everything is fine then speculations run like a sprint, then data pretends downtrend and all Cryptocurrencies follow the downtrend and short time small holders hope falls automatically. Thanks for sharing.
Have a great day and stay blessed.
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Bitcoin is really scared us a lot but it's gonna be better in a few weeks.
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Wow, interesting.
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Great post
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Bitcoin is future currency
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You knew about bitcoin at 685$ and you never bought it. How about when it hit 19000$, I bet you felt like chocking not to have bought it at 685$.
This is what the stock market is about, you just have to keep calculating the figures.. both in buying and selling
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Bitcoin is the DOS of cryptocurrencies and blockchains. It was cool and the first, but there's better, faster "operating systems" now that can run more applications - like Steem! lol
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Thank you for your perspective. However, I beg to differ. I believe that the blockchain technology and cryptocurrency have come to stay in the human world. As for the recent crash in the value of Bitcoin, my take is that it will rise back again and even surpass the height it reached before.
Even with fiat money nations after nations have at one time or the other experienced serious devaluation in their currency and therefore it isn't new to Bitcoin.
My attitude in this case is to say, 'Let's wait and see...'
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Please note that they explained the fact that Bitcoin was in testing during all these years, they talk also about Bitcoin Cash and Litecoin, the issue are the fees, but we hope to see it change in the next months with Lightning Network coming :)
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