RE: Bitcoin Trend 25-12-2017 / Bit Coin Calls For Bit Patience ! / What Behind Bitcoin Price Drop!
No investments are immune to sudden downward trends. I look at bitcoins recent drop as a result of coinbase.com now making bitcoin cash easily accessible (coinbase is a popular platform). Given Bitcoin Cash's edge over bitcoin in the sense that it is more efficient, lower fees, and has higher block sizes, in addition to the easy access coinbase users (millions of people) now have to bitcoin cash, it only makes sense that Bitcoin fell as a result of Bitcoin Cash's recent success. Also markets correct themselves, crash, lose value, etc... It is the intelligent investors that invests on knowledge and extensive research that wins in the end. I will let you all decide on what cryptocurrencies are a good buy. But for know just know that Bitcoin is on Sale. BUY LOW and HODL. SELL HIGH. Merry Christmas and cheers to a new year filled with profits and success!
The concept for BTC has to be optimized, cause of the high fees and low transaction rates. Bitcoin Cash (BCH) was the result allowing about eight times more transactions per day. As a consequence the single transfer is faster and cheaper. More and more transactions are the death 💀 for BTC and there’s a lot consumption of energy! At now there’s a lot of trust in BTC and that’s the worth. In the future this trust will switch, may be to BCH, ETH ....
Agreed. The community must come together for updates to the Bitcoin System. No more hardforking. It splits the community.