Why I Think Bitcoin Value is Too High

in #bitcon7 years ago

Bitcoin has skyrocketed in value over the past couple months and with that it has gotten so attention that has been good or bad. With this higher price we haven't seen transactions fees go down which make it expensive to use bitcoins. Heres a lists of pros and cons of high value bitcoin.

Pros:
Early adopters get a nice profit
Shows its a somewhat stable from of currency
New interests

Cons:
Raising concern to goverments
High transaction fees mean less activity

I my opinion this is a good thing for cyrpto-currencies but in the long run I believe Bitcoin wont hold the title for the standard coin.

Sort:  

A lot of people are stepping over to Bitcoin Cash. It also reached a new ATH today.

Congratulations @shawk08033! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You made your First Vote
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @shawk08033! You received a personal award!

1 Year on Steemit

Click here to view your Board of Honor

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @shawk08033! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!