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RE: Bitcoin Explodes Above $14,000 - Korean PM Fears "Serious Pathological Phenomena"

in #bitcoin • 7 years ago

"Serious Pathological Phenomena" hahaha well there's a way to value Bitcoin. Most of the people I know have serious pathological issues what a huge market ; )

7 years ago in #bitcoin by
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     7 years ago 

    You have to consider that, although this is not pathological (it's market, guys, market does everything it wants) unfortunately this rally is also having really negative effects on BTC. Considering that as bitcoin grows we are observing in last days

    1. increasing volatility
    2. higher fees (fees are calculated in BTC, so if btc goes to the moon fees grow really a lot)
      I believe that using bitcoin as money will continue to became harder day by day.
      In facts, yesterday steem announced that it will no longer accept bitcoin payments.. Because BTC as money is becoming unusable. See here

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       7 years ago 

      I'll hang on for a bit. Maybe hurts in the long term but it's been sweet today

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