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RE: Is Bitcoin Dead?

in #bitcoin7 years ago (edited)

At the end of the day I think that there is a possible use of all three forks of bitcoin. I wouldn't want any of these coins to hit zero and I feel that this is just the beginning, regardless of the problems the coins still have to overcome. The crypto scene has matured quite a bit since 2013 but it still has a lot of growing up to do. I think that bitcoin might be used for large and long-term storing of value in the long run due to the high transaction fees. After experiencing high transaction fees myself, at this point it's cheaper to send money via bank transfer, and I would never ever consider buying a $5 latte using bitcoin if the transaction is gonna cost me more than a 7% state tax fee. If sending $55 worth of bitcoins from one wallet that I own to another wallet that I own costs me $16 on a "low fee" warning that took two weeks, I don't even want to know how tedious using bitcoin for everyday transactions would be.

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