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RE: The Coming Altcoin Exodus

in #bitcoin6 years ago

Why would people cash out with BTC when the fees are so high and transactions are so slow. Makes way more sense to cash out with LTC or ETH, that's what I do...

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LTC and ETH are still altcoins and will probably feel the crash as well.

Not sure about that, many exchanges have also ETH pairs and many people actually buy ETH first instead of Bitcoin because of fees or transaction times

Something that I think is often overlooked is that a lot of new people have no clue what the transaction fees are.

That's what a lot of people do, at least those that don't keep their funds on exchanges (which everyone should be doing).

The fee's and slowness of BTC are just too much to make it a good resource to use and this isn't changing anytime soon.

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