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RE: Markets Update: Bitcoin Price Continues to Feel Bearish Sentiment

in #markets7 years ago

Bitcoin and crypto in general will probably continue to consolidate because most people who are in BTC have no idea what it actually is. The transaction times are insane and transaction fees are super high ($40 or so as of this comment) Thats like a bank wire fee. When people realize they can't use it to buy normal things they'll flee. If that happens too fast BTC will crash and all crypto will have a negative tarnish on it. I'm personally hoping that BCH becomes more main stream slowly. The mempool transactions are almost 300k. This can't be fixed without a MAJOR change to BTC..