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RE: Bitcoin Breaks $4300 USD! But Is It Getting Overheated?
Bitcoin needs to fix its processing ability in order to make itself a more viable currency. It can't compete with fiat right now considering Visa can handle some 10,000 TPS. BTC is at some 7 TPS. As for its price, it will keep going up as long as people are willing to buy at these prices and others are willing to hold on. This is the beginning of the BTC mania so there is no telling where it will go. BUT, Bitcoin needs to be more scalable for it to make it to the big, big time.
Bitcoin will scale and the more the price is rising the faster this will happen. Adoption will be followed by full blocks and full blocks cause incentive to find scaling solutions. In a free market a solution for a bigger problem will give a bigger reward so solutions will be found. The drama about the scaling issue retarded the rise of Bitcoin more than the issue itself