People who constantly state that it is going to moon seemingly forget the technical aspects behind Bitcoin. Right now Bitcoin has major limitation in terms of transactions processed per second, otherwise known as scalability, which if left unaddressed will see it slip from relevance entirely. It could very well achieve new highs if the proper steps are taken to ensure it can adapt and overcome. That being said it could also suffer a slow crash and burn.
Bitcoin won't go down. It's nlt ready yet for mass adoption but with lightning that'll change, too. If BTC dies the face of cryptos is gone and the whole market will crash
Not necessarily. We are reaching a point where the wider cryptocurrency ecosystem is beginning to diverge from Bitcoin. This statement would be more applicable last year. If Bitcoin was to completely crash right now I believe that it would negatively impact the price of other coins to a severe degree. Yet this would be temporary, and we would likely see a migration to another standard as the top coin positions itself into Bitcoins place. There are plenty of alternatives albeit most of them suffer from the same issues or even more than Bitcoin. Thus I find this scenario highly unlikely but possible. I truly believe Bitcoin will evolve to a meet the challenges presented. The fact of the matter is that cryptos are in the public mind like never before, and they are not going away.
People who constantly state that it is going to moon seemingly forget the technical aspects behind Bitcoin. Right now Bitcoin has major limitation in terms of transactions processed per second, otherwise known as scalability, which if left unaddressed will see it slip from relevance entirely. It could very well achieve new highs if the proper steps are taken to ensure it can adapt and overcome. That being said it could also suffer a slow crash and burn.
Bitcoin won't go down. It's nlt ready yet for mass adoption but with lightning that'll change, too. If BTC dies the face of cryptos is gone and the whole market will crash
Not necessarily. We are reaching a point where the wider cryptocurrency ecosystem is beginning to diverge from Bitcoin. This statement would be more applicable last year. If Bitcoin was to completely crash right now I believe that it would negatively impact the price of other coins to a severe degree. Yet this would be temporary, and we would likely see a migration to another standard as the top coin positions itself into Bitcoins place. There are plenty of alternatives albeit most of them suffer from the same issues or even more than Bitcoin. Thus I find this scenario highly unlikely but possible. I truly believe Bitcoin will evolve to a meet the challenges presented. The fact of the matter is that cryptos are in the public mind like never before, and they are not going away.