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RE: Bitcoin's price is at a critical crossroad
You're forgetting the 3rd type of user, the user who wants to use Bitcoin for it's utility. And as a utility coin, Bitcoin is FAILING.
Over the weekend, I made 2 purchases, one with BTC and one with BCH. The Bitcoin transaction cost me $40.00+ in transaction fees and took over 6 hours for confirmation. The BCH transaction cost me $0.03.
I don't see how you can be either a "believer" or a "speculator" if there is no practical, working application for the underlying commodity.
Good info here. Thanks for sharing some real world experiences. I think in time this will be what kills the legacy bitcoin chain, unless of course they can ever fork the necessary improvements, which recent history has shown that to be a long shot. It's just a matter of when.
Bingo. People need to be chasing utility which will develop into real value, not some vague "store of value" argument that BTC proponents like to tout.
In BTC you pay 0.002 BTC to transfer....How much you pay in BCH to transfer in BCH?
How much of it relates to BTC at 14000 and BCH at 3000?
Indeed should BCH reach the size of BTC I expect similar issues for BCH....
Well said. Bitcoin has failed due to poor decisions made by the devs and their inability to quickly enact change and move forward. They turned down a temporary solution (Segwit2x) and thus the underlying consequences. They must be proud.
I should add that the lack of adoption of Segwit by BCH exchanges is sabotaging solutions like Schnorr signatures which can contribute to solving BTC scaling issues...