The reason is the same as happened with Tulips and people woke up to the scam after miners were allowed to put fees up to $55 per transaction and since then the price has continued to drop.
off-block Lightning network with it's banking hubs and add-on fees are not fooling anyone but my advice to anyone who does not like this fact is to hold, hold on right to the end and make my day.
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Fantastic it's been for me, cached out at $18k when it became clear to me that fees hitting $55 per transaction had destroyed all the trust in BTC that had taken years to build up over night.
Now days when i save money by not "Buying on the dip-stick" I now spend the money I saved on a few beers and a good meal out.
Greed is not one of my traits, something gambling addicts here need to learn
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Yes avoid them but wait a second because our off-block lightning network is a system of centralized banking nodes if you care to look.
Nope I think we need to embrace centralized servers, best thing since sliced bread they are not that anyone is making much bred around here as the price of BTC has not stopped going down since "Virtually free fees" hit $55 per transaction ten months ago.
Software developers like myself who understand these things did try to warn you all but the gambling addicts thought they knew better !
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"Lightning network" == Mini banks
I did warn you all and no the so called new "Off-Block" hubs did not save BTC as we can see from the price.
CPU-Wars, mere 9 transactions per second from 20,000 miners and fees hitting $55 per transaction is what the BTC code will be remembered for as it enters our history books just like Tulip Mania did in the 1700's
Casino managers are not the best people in the world to take financial advise from and the same goes for the dis-information moderator here that keeps pressing the delete button here because he hates the truth being exposed.
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The development team of Bitcoin would agree that it's a joke because if anyone never noticed the "Lightning Network" is "Off-Block"
Block-Chain was replaced by mini banking hubs on the lightning network, fees had hit $55 per transaction so no wonder people are laughing as BTC is crashing because many know and understand this scam and thanks very much, we even made money out of it.
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Well the answer according to paid dis-info agents here has got to be "Buy on the dip" as the price dumps, never sell but that propaganda didn't work out too well over the past 10 months as the price keeps dropping due to trust being destroyed after miners were allowed to put fees up to $55 per transaction by the instigators of "CPU WARS" that wrote the BTC shit-ware code.
Smart people like me made money, knew when to hold and when to fold but hang around here and these same people will be offering you financial advise about what to do with your coins when the price is well below $1000 per coin
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"Where are the true believers of Bitcoin?"
They left after fees hit $55 per transaction and those that did not left when they discovered that the lightning network was just a system of small banks working "Off Block" which tell you all you need to know about BTC "Block Chain"
I cashed my gambling chips out at $18k because silly high fees killed all the trust built up over years and the shit code started falling to bits like it was always going too
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I got it right, dumped at $18k and never returned after fees hit $55 per transaction less than a year ago.
Trust in BTC was lost over night, it will not return and having bankers run the Lightning network only made things worse but call them hubs if you like and keep paying "Hub Fees" if you like
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Shame achow101 did not take me up on my bet where i said i would leave if BTC went over $10k ever again and he would give me his job if it went below $6k While (true) Censorship(BTC); Looks like the jig is up with the lightning network promises, not many people are buying it
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Miners broke it when they put fees up to $55 per transaction at the start of the year and all trust in the development team left the room and i cannot see it coming back EVER!
Give me Tulips from Amsterdam, better chance of getting a second run all these years later i thinks
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I think if they arrange to have him killed in jail like they tried before then the UK runs the risk of going up in smoke.
Looks like free speech is only OK if it's coming from the BBC who also report from outside the courts when it suites them.
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if today's Israel is proof then god must be the devil and I won't be batting on his team.
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"Are you really fulfilled to be a cryptocurrency geek" Yes me got pissed of when fees hit $55 per transaction and thank god I jumped out at $18k with a good stack of winnings and then I spend a month looking at the lightning network and came to the conclusion that the hubs were nothing more than banker hubs. Me is very good geek, read for yourself here https://lightning.network/lightning-network-paper.pdfI counted the word "Fees" in the document and it was used about 45 times but they did not stick to the white paper so i guess a few more should be added. Tell me Mr Geek, what programming language do you speak and who was the last last bank you worked for, mine was RBS ?
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Can Garry Glitter music or Boy George music ever be destroyed because someone is bound to keep a copy and I suspect Elton John will be added to that list once he does a jimmy savel and croaks it if what i am told is true.
Good music the lot of them but like Bitcoin they leave a bitter taste.
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