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RE: Bitcoins Price hit 1111.11 USD and is 50 USD Away from ATH on BitStamp

in #bitcoin8 years ago

It should be noted that fees and transaction delays are also at an all time high on the Bitcoin network.

I'm sorry to say that I believe Bitcoiners are going to be seriously burned by this. Any bubble that happens in the coming weeks will make the Bitcoin Network unusable to a degree never seen before, potentially resulting in a crash bigger than any before. It is the first time that the potential and practical utility of the Bitcoin Network itself has been seriously undermined.

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Also if it gets too high in price the minimum fee of sending will become pretty crazy. If you want to sell on the bubble probably its good to keep money on exchange ready