Warren Buffett said, "Things can go on a long time that don't make sense but they do come to an end." Source: https://www.youtube.com/watch?v=xdnMggMm0jk&t=4m17s It really reminds me how people are still invested in BTC when it cost you around $19 to spend BTC and when the merchants received your BTC, they have to pay another $19 to spend it as well. How does it make sense to pay $19 in fees just to spend $30 when you pay for your food? It just doesn't make sense financially and economically. With Bitcoin Cash, I never have these unnecessary worries and everyone can afford to spend Bitcoin Cash because transaction fees is less than a cent. And I'm not even talking about the many other improvements which Bitcoin Cash has over BTC today and yet BCH price is only less than 2% of BTC. This simply don't make sense but they do come to an end and Bitcoin Cash price will overtake BTC in the end.
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2 comments
It's been settled. BTC is not a means of exchange (currency) cryptocurrency. It's more of a digital asset or collectable.
People are also investing in ETH, although gas fees are also high. The difference: Etherereum is working on the network and will lower the fees. It is already happening. The BTC developers don't want to lower the fees and don't understand that it will kill the coin in the long run.