RE: How much of a future does bitcoin have with $16 transaction fees?

[investingtips]

I agree with you, yato, that bitcoin probably doesn't have a future. One simple question makes me think this: why would we hold onto a worse technology than go with other cryptos who were born with better technology already?

Comments

[yato]

I think it's the result of:

1. People new to crypto buying the most well known coin
2. People wanting a huge profit since a lot of people are buying btc
3. Bitcoin maximalists that fail to see that there are crypto better than btc
4. The fact that in most cases you can only buy altcoins first buying btc
   EDIT: 5. Bitcoin's name

[investingtips]

Yup I agree with all your points, especially having to buy bitcoin before alts. Once people can buy alts straight from fiat without paying huge fees that may very well end bitcoin's #1 market cap reign. I followed ya back btw.