I've been surprised by its resilience to be honest....Plus it's about the only one of two other coins into other cryptos so it's got that monopolized in the mean time. Also a fanatical user base almost guarantees a pull back. It's losing ground no doubt (seen the bch and ltc charts today?), but not ready to write it off just yet. My holdings are pretty diversified right now...which is funny since I wished I wasn't as much on the last .btc/segwit rally. As far as adoption and horders....isn't that easily fixable by sending a fraction of a coin?
The irony of all this is the mempool is filled with a lot of transactions trying to get to the nearest exchange to sell before price drops more. Just like the network being sluggish because of small blocks, the crash is also sluggish.
Tx fees are over $25, nobody is buying anything, unless it is a car or sending my millions to my bank. Let's repeat it, you buy a $5 coffee at Starbucks and you get charged $30. There is no fanatic userbase who will still use it like that... Oh yes, and it might take 2 hours before it confirms. It is broken Jerry, broken... Just hitting 14K, right now.
Panic selling going off now. Litecoin in freefall mode 260 and dumping. It was at 400 2 days ago. Mentioned the 290 support busted. Bitcoin tumbling. Almost under 14K. Who called 13,700 when it was at 19K? Expert!!! I'm the only one. Retail fools clueless!!! I told you when the KING falls the minions follow. The other cryptos are bigger ponzi schemes than Bitcoin. Listen Bitcoin has a future just not at the inflated levels it was at. The rest of them will lose 99% of their value like all penny stock frauds.
13,800...100 more BABY!!!! 13,700 almost here. RETAIL jokers learn the game before you become victims.
Bitcoin doesn't have a future for acceptance. It never did. Just chill and think of it man. Expand your mind.
Mining has no future. Newest coins have no mining and they have LOW energy needs. Price is going to bounce from here (buy 13-13.5K ) for 2-3 days, then return to the scheduled sell off.