er
5 years ago in LeoFinance by bitcoinflood
0.00 BPC
er
Sort: Trending
Transactions are SLOW and Expensive...
Don't miss on Bitcoin.
Count how much wealth is (combined) in Gold, realestate, stocks, bonds, loans, derivatives etc etc . All them move slow and expensive. ALL.
Does it makes em less valuable?
Posted Using LeoFinance Beta
That's actually a really good point and why I seriously value comments like this that go against my own thoughts as it gets me thinking. Bitcoin for sure will be the "gold" of crypto for a very long time. I just dislike that so few people own it and it's in the hands of a few. Pretty much why bitcoin was built to eliminate lol
I don't think BTC is going to go anywhere in the sense of it disappearing - it would have been nipped in the bud at its birth I reckon but now all these billionaires are in and BTC is being kept as it is as a store of value, it's here to stay.
Other projects like LEO are definitely paving the way and is a world unto itself. It's got a lot more utility along with Hive blockchain technology and can provide solutions where BTC can't.
Posted Using LeoFinance Beta
Fully agree with that, I don't think bitcoin is going anywhere. I just feel there are better systems but to the masses they simply think bitcoin and nothing else as money wont research into the other systems. If anything I see systems like Polkadot instead becoming side chains and offering faster transactions for bitcoin and ethereum instead of the core blockchains having to be updated.
For example I honestly wouldn't update bitcoin. It's proven the test of time as being secure. However there will come a day in the near future where I do believe a 51% could very well be possible and it would be done via a government up to no good.
Yeah you're on to something there. Could be Polka-dot, ETH, ADA that all provide the second layer solutions but it will be fascinating to see how it plays out.
I didn't think about the 51% attack being a possibility again but you have a point there about possible nefarious governments coordinating an attack. Forks will be coming if that happens I think but that will be a damn expensive operation!
Posted Using LeoFinance Beta
You're totally right on this, I believe even in a bull market it takes time, months or even years to like pull the amount of gain people eventually want on them. Some alt coin has done better in terms of short term. Hell eth even did better in a space of one year
Posted Using LeoFinance Beta
Short term will be full of massive pumps and dumps as whales off load some. I dislike the fact that so much is bottled up to a few people though. Stack what you can when the price is looking good :) Long term I think you'll be good to go
Yeah staking up overtime is the best as value to the price gradually adds up.
Posted Using LeoFinance Beta