Exactly my point. So why Bitcoin is the most valuable when it is the SHITTIEST payment network in cryptoland? You see if value would keep jumping between old, obsolete and newer, better featured cryptos I would like it. In a normal world, value should recognize ability. Yet here we are, Bitcoin can't even handle that small Albanian village's payment needs.
Bitcoin is a currency not a payment network. It will be matter of time before technology creates the payment network like VISA.
They already did. There are cryptos that can handle at least 1500/s. Paypal only does 200/s: https://howmuch.net/articles/crypto-transaction-speeds-compared I thought Staoshi invented it for transferring value, maybe he was wrong....
Okay possible but we are talking about right now and not about whenever it does become the bubble. And real estate is still worth something in Japan today even if prices did go down. S2007S is saying it will go to $0 repeatedly.
You can keep thinking bitcoin will be a main currency and i will keep laughing hysterically. It will never be adopted by the masses. Its only once again being talked about because of its historical bull run of 2020, once it collapses people will once again run far away from adopting it as a means of currency. No one is going to go out and buy magical unicorn coins with greenbacks to hold in their virtual wallet to buy goods and services. Nope not happening.
I agree bitcoin will never become main currency, but I also think it will never die either. the main purpose of bitcoin is for money laundering and underground deals, etc, drug/weapon,etc.
Your argument frequently goes like this. 1) EVERY ONE IS A FOOL TO THINK STOCKS CAN GO UP 10% EVERY WEEK!!!! 2) THEREFORE STOCKS HAVE TO FALL -100% TOMORROW. I never said main currency.
Because it is a store of value. I used to pay my office rent in bitcoin. A mistake as I was paying $15,000 a month for a desk!
Exactly. At this moment if you HODL you get the store of value, in order to use for transactions a few things would need to happen first. 1. Low volatility of cryptos 2. Equilibrium of BTC and LTC and 3. LTC price increase to 1/4th of BTC