thanks for this. I believe it was the traffic/transactions that caused the fees to skyrocket and unless we can see more of that same traffic, we won't know if problem is really solved.
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thanks for this. I believe it was the traffic/transactions that caused the fees to skyrocket and unless we can see more of that same traffic, we won't know if problem is really solved.
It's true, @daddynifort. We can't really know with certainty that Bitcoin can handle high volumes until we experience it. I'm hoping by summer we will see a strong return to Bitcoin.
Back in January, I predicted a return of Bitcoin dominance to the crypto market. At the time, BTC was down to about 35% of the market. Now, it 's around 45%. It will be above 50% in a month's time, in my opinion. Competing currencies need to offer something uniquely better, or investors and traders will simply return their funds to Bitcoin. Just being faster and cheaper than the old Bitcoin is not enough of a reason to buy a competing currency.