RE: RE: Gird Your Loins: The Big Cryptocurrency Drop That's Going On Now
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RE: Gird Your Loins: The Big Cryptocurrency Drop That's Going On Now

RE: Gird Your Loins: The Big Cryptocurrency Drop That's Going On Now

Good read, great analysis, and great job on the perfect sell timing! I hope you have/had a great vacation!

I think that the current fees are ruining Bitcoin at a key moment in regards to large scale adoption. Lots of people are buying in and finding that it costs them $15 to send $30-$40, and a large portion of the miners are either now supporting Bitcoin Cash or other more profitable coins. Since Bitcoin is the main attraction and the majority of markets are based around it, it's understandable that the alt coins are going down with it, though I think that will stabilize. However, I think this may be a huge drop until the large transaction fees and slow transaction times of Bitcoin are fixed... or at least until it starts going up again :-P.

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