Hey fellow steemers... Truth be told Bitcoin has out
grown its infrastructure and is heading for some
major growing pains! As all you Bitcoin users already
know Bitcoin has been taking a long time to clear
transactions lately... Sometimes up to three days! We all
know that this is unacceptable and many are already
switching to other cryptocurrencies. While I don’t think
Bitcoin is going to disappear I do believe that it is going
to go through a period of restructuring and that this is
going to take some time. During this time people will
inevitably take their money out of Bitcoin and store it into
a better cryptocurrency option. This is going to be fantastic
for many of the other great cryptocurrencies and will open
people up to a world of cryptocurrencies that are already
structured for lightning fast transactions no matter how high
the volume being traded. Make no mistake though… Bitcoin is
likely to work through their growing pains and become a
cryptocurrency power house once again… But in the mean time
I encourage you all to do some research into Bitcoin alternatives.
I'm no financial adviser but my educated guess is that Bitcoin
will be taking a price dive while other cryptocurrencies will be blasting
off to the moon!
A few great ones in my humble opinion are Ethereum, Dash and
of course Steem!
If you enjoyed this post please leave an upvote and
I’ll be sure to create more for you!
Have a great day Steemers…
Litecoin also has much faster transaction times than Bitcoin. Not as fast as Ethereum but, as a tradeoff, it is accepted in more places.