RE: What is happening to bitcoin... someone predicted this on June 30th 2017

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What is happening to bitcoin... someone predicted this on June 30th 2017

in bitcoin •  7 years ago 

I 100% agree with you. As more and more people become familiar with crypto in general, you will see a trend of folks moving away from Bitcoin. A lot of new comers are a lot like the gold rush days. They didnt know how to extract the gold, but they all wanted a piece of the pie. Its what we are seeing with the influx of everyday people.

The more people become accustomed to crypto, the more people will venture out in search of a more profitable and modern coin. I personally cant see Bitcoin passing 100k like a lot of people are claiming. I think the competition is ramping up and people are realizing theres more to this than huge fees and uncertainty. Not to mention its so slow and not as secure as other options. We also must consider the already rich holders who have nothing to lose. If they catch on to a downtrend they will dump.

I want to see all crypto succeed, there is no competition only opposition. I hope Bitcoin can hold on for a couple more years until crypto is more understood and respected.

EOS is the future imo. There is no reason it shouldnt be.

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