Bitcoin has become un-useable. Switch to altcoins or short sell

[GateioExchange]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

[CryptSafe]

OP  I can see from your name it is possible your are really from them. Are you trying to cause a FUD or what?. You are quickly at it singing praise of switching to other alt just because of the ordinals attack on bitcoin chain and here you are calling bitcoin un-useable when there are millions of transactions going on currently on bitcoin chain. It is fine and as a result of the attack on bitcoin chain, transaction prices skyrocketed which is not a new thing on blockchain that miners would prefer the higher transaction fee compared to the lesser. Anyways, thanks for your youtube video, as I had to get more of bitcoin because I saw a quick recovery and price boom in a short time.

[Dave1]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

It's not bitcoin that the problem here, it's the ordinals and BRC-20 that really affected the network and created this congestion in the last couple of days. Actually it did start around March but it seems it balloon since Sunday as the mempools is being clogged, similar to spam attack.

Of course it has affected by market itself, but I wouldn't say that it's un-useable or should we switch to alternative coins.

Sorry though, I'm not going to click and watch that video.

[pooya87]

many are switching to alternatives such as Solana for speed or Monero for privacy.

ROFL
You can't just replace bitcoin with another altcoin specially not with centralized shitcoins like Solana that have a massive premine.
Different countries have accepted bitcoin as a currency and some as legal tender, not altcoins.
Different merchants are accepting bitcoin as a payment and it is extremely rare for them to accept shitcoins.

P.S. This attack is not yet as big as 2017 spam attack.

[thecodebear]

lol OP nobody is switching from Bitcoin to crappy random alts. If people didn't switch when fees were over $50 they ain't switching when fees are under $10.

Also all alts fail and are short term fads. Solana was big two years ago, now its a broken chain. Monero is interesting for being private but that's it.

Why even try to spread FUD as silly and nonsensical as this??

[CryptSafe]

many are switching to alternatives such as Solana for speed or Monero for privacy.

ROFL
You can't just replace bitcoin with another altcoin specially not with centralized shitcoins like Solana that have a massive premine.
Different countries have accepted bitcoin as a currency and some as legal tender, not altcoins.
Different merchants are accepting bitcoin as a payment and it is extremely rare for them to accept shitcoins.

P.S. This attack is not yet as big as 2017 spam attack.

From the looks, it is obvious that this is a planned attack on bitcoin chain, the timing, the nature of the attack and the manner at which it was launched but they forget they are only making bitcoin more popular and gaining more traction. Well, I see a surge in bitcoin price after this whole
saga.
The bitcoin awareness is strong. The adoption is fast spreading like wide fire. No shit coin can take or replace bitcoin not even the shitcoin as mentioned by OP.

Lastly, I think I should remind them not to forget that bitcoin is the first digital currency to be developed and as  such, is the genesis of crypto currency and blockchain technology.

[Don Pedro Dinero]

Un-usable? Aside from the OP, I see a lot of people saying things like this because they can no longer pay $15 in bitcoin using the main chain, unless they want to pay another $15 in fees, but as I just mentioned in another thread, let's see what better system there is for transferring large amounts of money than bitcoin. If you want to transfer a huge amount of money to another continent, you can do it without filling out paperwork, without asking for permissions and paying a ridiculous fee relative to what you send. Everyone who is spreading FUD seems to want to forget that.

[YUriy1991]

For me  Bitcoin position as the largest and most well-known cryptocurrency remains significant, despite the recent market fluctuations. Its use as a store of value is widely recognized, and while short selling Bitcoin or switching to altcoins may be options for some traders, it is important to monitor the market closely.

As with any investment, there are risks involved in cryptocurrency trading, and it is important not to panic during market corrections. It is essential to remain calm and patient, not rushing to cut losses as the cryptocurrency market is highly volatile. Entering the market with a realistic investment estimate is vital to ensure you can manage the risks effectively.

[Kakmakr]

Why should people switch to shit coins that has almost zero hash rate backing them, compared to Bitcoin? Monero are a privacy coin that are used mostly for illegal activities on the Darkweb, so it will never get any acceptance by any government in this world.

Solana has nothing special.... it peaked for a short time and then it went "Poof" like the magic dragon. I think you have to stop shilling for Alt coins and start using the Lightning Network, if you want fast transactions in times of an attack. 

[mk4]

While promoting controversial material can sometimes (and only sometimes when it's actually carefully and cleverly planned, in this case it's not) work well for a business/company, this is totally ludicrous and moronic — knowing that Bitcointalk is a Bitcoin-centric community.

Gateio should fire whoever's idea these videos are.

[paid2]

Op you should be ashamed of yourself for posting such unclear and false information on the forum.

As Cryptsafe said, your username tells us that you probably have a personal/professional interest in wanting to generate FUD.

I would never click on the link you posted, why would anyone? Your post is wrong, and is there to create FUD.
SOL and XMR are not an alternative to BTC in any way. Why do you come and talk about something you don't know anything about?
Since when XMR is a storage of value asset? What guarantee do you have that CEX will eventually accept to exchange it in the very long term given the nature of XMR himself?
Solana speaks for itself, wanting to "replace" BTC with Solana is for me an insult to BTC, no need to argue.

If you had any real knowledge of what BTC and its network is, you wouldn't go into these defeatist speeches, look at what happened in 2017 for example.
Do you think anyone is really going to trade their BTC for XMR/Solana here? Plus with 1 year to go before halving, you'd have to be an idiot to do that.

[worle1bm]

Here comes another one of the same thread trying to take advantage of the fees issue at this time and convincing people to shift to altcoins.But let me tell you one thing this is not going to help you out in any way or promote something you are trying to do.The shitcoins with low fees have nothing to provide and why should we make transactions on them? The gas has been so high and unaffordable by many but have you made any comments on it? The most of the tokens are bases on it's chain but this time memepool is congested but will come to normal again but leaving btc for altcoins is never an option.

[dzungmobile]

Here comes another one of the same thread trying to take advantage of the fees issue at this time and convincing people to shift to altcoins.

It is not too bad to shift to altcoins for cheaper transaction fee in this time but remember not all altcoin networks will give you cheaper transaction fees. Like Ethereum network can cost you more than Bitcoin network.

It is very important to note: with altcoin networks, you will have less safety for your transactions. Bitcoin blockchain is a best one for transactions in security and safety.

• How many Bitcoin confirmations is enough?
• How many confirmations are equivalent* to 6 Bitcoin confirmations?

[LogitechMouse]

~

Crisis? Un-useable? What more negative words can you use towards Bitcoin?
Well, base on that username, it's pretty obvious that you're under Gate.io exchange.

Many are switching to SOLANA? What Solana? Many are switching into a coin that has been into outages several times already? I would rather go to stablecoin like Tether than a shitcoin like Solana. Monero? No as well.

How do Bitcoin became a completely un-useable currency? It's because of high transaction fees? Do you think that this will last forever? No establishments are accepting Monero, and a shitcoin like Solana. If you're doing this to attack Bitcoin, try again.

[Outhue]

You don't know how angry I am because of Bitcoin transaction fee right now, no one likes it and some are comparing this to the 2017 Bitcoin high transaction fee but this one is different and it will be here for years because there was no Brc20 in 2017.

The ordinals never existed at the time, this is why I believe that Bitcoin won't be getting out of this mess for a long period of time until maybe the devs put an end to ordinals smart contract on Bitcoin, it's a mess that should have never existed in the first place, Bitcoin was not created for such thing.

Bitcoin is Bitcoin and I don't think that people will love to leave the coin for alt, even if they do believe me they are not happy about it, we are not talking about Ethereum here, this is Bitcoin.

[irhact]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

Unusable just because of an increase in transaction fees, this has to be some joke thread. What Bitcoin is experiencing can't be compared to Ethereum increase in fees when it happened yet it was still been used so what makes you think people will stop using Bitcoin. We have lightening network that can be used to avoid paying this high fees. Things will go back to normal very soon no need to be panicking.

Business owners accepting Bitcoin can switch to using of the lightning network for faster transaction until the congestion get resolved. Solana or any other altcoins you're promoting won't and can't replace Bitcoin. Solana died a very long time ago and should be avoided.

[Merit.s]

OP ,is an anti-bitcoin and he thinks that he can come here to spread the FUD and everyone will foolishly listen to him. This congestion on the mempool is why there is delay in transaction because miners will always process transactions with the higher fee which is normal. This hasn't devalued bitcoin,neither has it cause any reason for alarm. Such thing happened in 2017 and bitcoin got over it. Those of us that are complaining, I don't see any reason for it,because I don't think we should be spending bitcoin daily or weekly. It is high time we don't make any bitcoin transaction, if we feel that the transaction fee is higher than what we can afford. Fiat and banks are there, which has been our way of making transactions before bitcoin was created,so I suggest that your daily spending or weekly should be in fiat,so that we can use this opportunity of the mempool congestion to hold our bitcoin. In every problem there is always an advantage for people who see it as a norm. It is only forum members that don't have an outside job and only depend on their weekly pay from signature campaign that will be highly affected. Switching over to altcoins is the worst decision ever, because you will end up in a deeper mess than this.

[Jet Cash]

I have enough  trouble getting people to pay me with Bitcoin, without trying to convince them to use some crappy alt. What would I do with the flakey alts anyway - I wouldn't want to keep them for more than 5 minutes.

[NotATether]

Now that is one exchange I will never use!  

I'll see you in BSV then. /s

EDIT: Everyone who roundhouse-kicked the OP for me has gotten +5 merit.

Lol, you are one exchange that are riding on the bandwagon here, Gate.io will list Ordinals(ORDI). So not going to be surprised though that you are calling it a crisis right now and push your agenda to used or at least invest on BRC-20 like ORDI that is causing this massive spam on bitcoin's network.

Good try but we know what you are doing here, 

Are you serious?

In that case, it is more than sarcasm. Nobody should support exchanges that facilitate BRC20 spam.

[TravelMug]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

Lol, you are one exchange that are riding on the bandwagon here, Gate.io will list Ordinals(ORDI). So not going to be surprised though that you are calling it a crisis right now and push your agenda to used or at least invest on BRC-20 like ORDI that is causing this massive spam on bitcoin's network.

Good try but we know what you are doing here,