Why do people buy Bitcoin?
I'm just sitting here thinking why do people keep buying Bitcoin?
Thinking.... hmmmm......There are so many other coins out there that are so much more advanced. Bitcoin is blockchain 1.0, it's old and slow. Maybe it's even taken over by banks, who knows, transaction fees are through the roof. Yet people still buy them. I want to know why.
So I asked questions in my head and write them down on Steemit. Hopefully any of you guys would be able to answer.
Why Bitcoin?
With high transaction fees, it does nothing but sits there. Why can't they lower transaction fees?
Why are they taking their time?
Why didn't they agree to Segwit2X?
Lightning this lightning that, when does it actually gets used in Bitcoin?
Do people just buy it and HODL because John McAfee made a bet that it will reach 1M per bitcoin in the future? He is very influential after all. He says a coin is undervalued, next minute, no, next seconds, that coin will get pump hard.
I have more questions but can't think of it right now. Where do you sit regarding Bitcoin?
Maybe because widely used with debit cards
Bitcoin is the most popular cryptocurrency till now. Everyone knows about it. It has high value, the first one.
Bitcoin transaction cost is high. People are looking for alternative to make transactions. Future might be different since people keep learning more about cryptocurrency and blockchain.
I own bitcoin because like kleenex is to tissue, or clorox to bleach, so bitcoin still is to crypto.
If bitcoin drops by half, then they fix, it will rise. If they adopt some hash graph like technology, all their current problems are over (no segwit or lightening req'd) and they will again dominate the market. I say buy at $8500 because I believe the NYA group still can and will do the right thing.
tl;dr: Because branding.
#bitcoin
really as you say, I should learn first
Agree
huh?
Good post
are u human?
Habit...
Expensive one
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Cool post. You should blog that. Answer my questions though.
Good
Great!
cool