What has changed? Is it moving forward?

[bestiya]

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

If we describe the events briefly, then after the hype of 2017, 2018 returned the cryptoindustry from careless oblivion to the real world. This process was tough, led to the collapse of the market, loss of funds and investor interest, the reorganization of many projects. At the same time, product development intensified, the blockchain has received the support of governments, many incompetent participants have left the market. However, I think that this year the market will almost reach its maturity, and the industry will continue its stable and progressive development.

[Carrelmae10]

..cryptocurrency is a digital currency that doesn’t need to exist in a physical form to have value. Nowadays cryptocurrencies have become extremely popular due to itsr decentralized exchange system making it essential for everyone to stay up to date with the latest cryptocurrency news..

..i may say that cryptocurrency now is a purely investment for few people to gain much higher profit when the right time comes..others uses it for trading purposes to gain immediately because there are lot of benefitstrading could give..nowadays,speed transaction is not the mere problem,instead the people behind those scammers that uses crypto in order to gain more wealth by deceiving a lot of crypto users..

[Mikwik]

Even little by little, the crypto currency community market is keep on recovering. But yes, the crypto market is still down compared to the past months that is it truly been on its good state like it was going to the moon. But we can still hope for the better of the Bitcoin, maybe sooner or later. Let's all be positive that the crypto currencu world will keep bringing us into the financial future we are aiming for and wishing for to happen through the community of crypto we are living now.

[denzkilim]

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

That is definitely correct, the higher the fees you pay for a transaction to proceed the faster the transaction is especially these days when there is no network congestion happening in the Bitcoin network but if there are network congestions that will occur just like what happened way back in the year 2017 when the market is pretty bullish and there are a lot of people using Bitcoin it will surely cause some delay even if you use high fees on paying a transaction.

[boyptc]

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

That is definitely correct, the higher the fees you pay for a transaction to proceed the faster the transaction is especially these days when there is no network congestion happening in the Bitcoin network but if there are network congestions that will occur just like what happened way back in the year 2017 when the market is pretty bullish and there are a lot of people using Bitcoin it will surely cause some delay even if you use high fees on paying a transaction.

And also we already have Lightning network that make transactions easier and faster so it's not a problem anymore.

Congestion during the all time high was due to network spam and now, after experiencing that. We already have that solution that ease and make transactions faster even at the peakest moments.

[BITSPANISH]

At now the price of the cryptocurrency market has risen up, and it is soon to conclude that this market is moving forward or not. But I think the market will be bull run in the next time due to the defective price of the market occurred in 2018 and the beginning of 2019.

[PuertoLibre]

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

That is definitely correct, the higher the fees you pay for a transaction to proceed the faster the transaction is especially these days when there is no network congestion happening in the Bitcoin network but if there are network congestions that will occur just like what happened way back in the year 2017 when the market is pretty bullish and there are a lot of people using Bitcoin it will surely cause some delay even if you use high fees on paying a transaction.

During congestion and peak times on network putting high fees for miners can help a bit to accelerate the confirmation period of transaction. During the last month of 2017 situation was different and even high fees don't help to speed up the transaction confirmation time. I am sure same will happen if prices gonna cross below the 2500$ and I expect such attack to bulls in this year.

[boyptc]

At now the price of the cryptocurrency market has risen up, and it is soon to conclude that this market is moving forward or not.

Not that fast, we are always thinking that due to these small increases we're concluding that the market is moving forward.

It's stagnant for the moment but at least, we've been already moving slowly but I can't say that it isn't moving forward.

But I think the market will be bull run in the next time due to the defective price of the market occurred in 2018 and the beginning of 2019.

2018's done, let's move further and be optimistic for the upcoming months. We will also held halving around May 2020.

[GreatArkansas]

Everything has changed. Last 2017 bullrun was really a big mess for everybody in crypto, because there's a lot of people entered in crypto on the peak, around 2017 bull run and after that massive pump in first 2 months of 2018. Boom! Huge dump happened, but we are still moving forward.

[cfif123]

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

not enough to be asked to change but at least there are changes little by little and I think it's pretty good and some are moving forward and it's very good I think going forward in the world of crypto is currently stabilizing market prices

[karloscimot]

It has become an investment vehicle more than a tool that is replacing fiat. Almost all regulations covering cryptocurrencies are also related on it being an asset/investment rather than a transactional currency, so not much has changed. Price wise, it has changed drastically, though I think it's an improper metric to gauge whether bitcoin has become successful or not.

Overall, I'd say bitcoin changed for the better, at least when comparing it to 1014 market conditions.

he market will make a selection naturally. Bitcoin has experienced ups and downs for more than ten years so see the developments that are happening now. many business people have started investing in crypto currency because the crypto market has very good potential in the future. now bitcoin is experiencing growth and will continue to grow, so investing in bitcoin is very attractive to business people. hopefully in the future things will get better.

[maemunah]

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

not enough to be asked to change but at least there are changes little by little and I think it's pretty good and some are moving forward and it's very good I think going forward in the world of crypto is currently stabilizing market prices

in my opinion what has changed in bitcoin today is not perfect and I have not said that it is progressing because there are many shortcomings that have not been stable at this time in my opinion

[boyptc]

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

not enough to be asked to change but at least there are changes little by little and I think it's pretty good and some are moving forward and it's very good I think going forward in the world of crypto is currently stabilizing market prices

in my opinion what has changed in bitcoin today is not perfect and I have not said that it is progressing because there are many shortcomings that have not been stable at this time in my opinion

It's not perfect for the meanwhile but it keeps on upgrading.

What are the shortcomings that you think that aren't stable at these times?

[gabmen]

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

not enough to be asked to change but at least there are changes little by little and I think it's pretty good and some are moving forward and it's very good I think going forward in the world of crypto is currently stabilizing market prices

in my opinion what has changed in bitcoin today is not perfect and I have not said that it is progressing because there are many shortcomings that have not been stable at this time in my opinion

It's not perfect for the meanwhile but it keeps on upgrading.

What are the shortcomings that you think that aren't stable at these times?

Definitely there are improvements since the last 3 years. Segwit and LN will make btc transactions better and faster than it was before. Shortcomings are a given especially since btc is still only 10 years and there's a very long way to go. For starters though i think we're doing pretty well.

[St4yInTh3D4rk]

It is still an risky investment because the price fell too much in the current bear run and people might not invest their money again due to the fear of losing the capital.But it is slowly getting recognized but not as currency but it will gradually happens in the future since we are just at the beginning of crypto currency era.

[OlympianBitcoin]

Well... let's just wait for SWIFT to be abandoned and more novel solutions taking over. It doesn't mean everyone will jump into BTC but a portion of them may - and it only gets better from there

[SaShiRaJaVu]

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

Since he said he was a long time user and took a break, may be because of the market was not moving much at that time but he would have being back when the price started moving higher and touched the all time valuation, but instead he is back when the market is still struggling to make a move in either directions, the market has changed a lot since with speculative market and other factors and since he left before the fees and transaction speed issues there is nothing much to tell. The only thing that changed is that the price moved higher from what he left and there are a couple of forks to the bitcoin network which stands out and nothing else.

[bitbunnny]

It is still an risky investment because the price fell too much in the current bear run and people might not invest their money again due to the fear of losing the capital.But it is slowly getting recognized but not as currency but it will gradually happens in the future since we are just at the beginning of crypto currency era.

It's true, cryptocurrency era has just begun and there is still a long way to go. But people are expecting too much in too short period of time and don't have enough patience, that is when disappointment often appears. Many were carried away by the period of time when the price was very high thinking the price will only grow further but, of course, that prediction was wrong and many were turned back to reality very soon. Everything takes time and that refers to Bitcoin too.

[St4yInTh3D4rk]

It is still an risky investment because the price fell too much in the current bear run and people might not invest their money again due to the fear of losing the capital.But it is slowly getting recognized but not as currency but it will gradually happens in the future since we are just at the beginning of crypto currency era.

It's true, cryptocurrency era has just begun and there is still a long way to go. But people are expecting too much in too short period of time and don't have enough patience, that is when disappointment often appears. Many were carried away by the period of time when the price was very high thinking the price will only grow further but, of course, that prediction was wrong and many were turned back to reality very soon. Everything takes time and that refers to Bitcoin too.

When we are using the bitcoin completely off the purpose the meaning of its invention we can't blame it because it is our fault that to use bitcoin as an investment.It is a money which needs to be spend and keep circulated all over the place to know what we can get from adoption of decentralized payment system.

[Hoowallet.com]

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

I was surprised, to be honest. One of my friends was involved in the crypto industry since 2014 and has strong faith in these digital currencies. Now he started a company and developed several products by his own team. Some foreign media always keep boasting about the popularity of crypto, but actually, just a very limited number of people know it and fewer engineers know it the underground running theory. So it's basically related to a person's philosophy. Some people hold crypto as a trending, while others think it's a disaster or threat to the current world and will extinguish very soon. So my suggestion is to be careful with everything related to investment. Don't count on overnight fortune.