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I have lost a member of my family to the bitcoin cult, page-46

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melua

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24/12/17

01:51

Post #: 29856470
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Originally posted by omeara29 ↑

People go on about how it is the next big thing technology wise for verifying transactions etc etc but I cannot see where it is yet to have an impact in that area. I think the potential of crypto currencies and block chain is over blown.
Also the transaction fees are now increasing for each trade to something like $26 and you can wait up to 6 or 7 hours for a trade to process and be approved. So If you want to exit you position quickly along with many others you could be waiting a long time and get caught by shorts now that futures trading is available.

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Cryptos need blockchain but blockchain doesn't need cryptos. Just like internet and email. Look at what www.tymlez.com are doing with blockchain. Bitcoin can go to zero and it won't affect their business.
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