BTC only began losing significant market share to alts when the 1MB limit was hit. One of the reasons why Bitcoin’s usage is also at its lowest level in two years. Many users were driven away by outrageous fees and merchant un-adoption. Also the last time Bitcoin had this few transactions as today was in beginning of 2016. At that time, daily transaction numbers were growing. Now they are rapidly declining. This is concerning and is not cause for celebration. However, I would like to point out that most bitcoin holders are not traders, they buy and hold long therm just like I do for multiple reasons.
All good points, but those long term holders may find themselves wishing someday that they had taken more profits.
I agree, but that’s the problem with human psychology, they don’t sell when they have already profits, they want more. They usually sell when they start loosing. That’s why there is only few people make milions if not billions, because they don’t get emotions involved. With trading you have act like a robot with no emotions. With emotions involved you get destroyed. I learned the hard way when “I was a trader”and I’m glad I went through this lesson.
Thank you so much!