RE: Food for thought for bitcoin holders.

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Food for thought for bitcoin holders.

in bitcoin •  7 years ago 

Good post, it reflected my opinion very well.

The price of BTC at this point is only held up by speculators wanting to make money. There is no practical use behind it to justify its maketcap. The main reason for this are the extremely high fees and the slow transactions. Segwit in combination with the lightning network will reduce these problems by a lot. Therefore the intrinsic value will rise and the price will skyrocket. BCC does not have this advantage because no one uses it.

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Very true. For BTC to be used as a store a value, it must solve its current issues. NB. We cannot compare BCH with BTC, BCH is only a month old

No, BTC is a great store of value right now. To be a good payment option, some work has to be done like SegWit or Lightning Network.