RE: How much of a future does bitcoin have with $16 transaction fees?

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How much of a future does bitcoin have with $16 transaction fees?

in bitcoin •  7 years ago 

I expect Bitcoin to slowly decline for a while and when it becomes apparent what is going on I think a panic will occur as investors simultaneously decide that it's time to cut their losses and cash out.

The problem with Bitcoin have been made apparent by the sudden increase in interest over the past year. It seems doubtful to me that it will be able to solve its scaling problem and I think the concept of it being a 'store of value' is absurd.

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