I see a lot of optimism about bitcoin, which is understandable seeing the price recently.
But I have to admit I'm a little worried about the long term future of btc.
The major problems if the currency still haven't been dealt with. I see 2 major ones:
-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make.
-The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable.
-And maybe others that I'm not aware of.
Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.
All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.
I'm also worried,
since the BTC blockchain is technology 10 years ago,
and can now be considered obsolete.
In addition, the frequency of Unconfirmed Transactions is not less than 5k a day,
giving some pressure and challenges to market emotions.
but in relation to the price of BTC,
I believe in 2030,
the BTC will surpass 100K / BTC
and the fall of BTC only after 2040 below the $ 1K level.
following that, the BTC blockchain was already over half a century,
and would undergo a renewal process,
and this is my assumption and my personal view of the eye...Meow
,
but touched on BCH, BTG, Segwitx2 and etc.
including the birth of the blockchain folk (TSE, IDEI and many more),
this still do not disturb the BTC's market emotion,
as it still holds the BTC as a priority,
even ETH through the ERC20 token that grows in the world cryptocurrency market,
has still not affected the change gaps BTC/ETH : USD pricing,
but I recommend to you,
make ETH as your second digital currency,
as you are more familiar and know how much Etheruem ROI compared to Dash.