Just a random few thoughts in this post.
The fees for moving BTC (Bitcoin) around are now higher than a majority of wallet balances.
Think about that: a MAJORITY of BTC users can’t move their money without being negative on the fees.
I saw this coming awhile back and I liquidated my holdings just before the tipping point when it comes to fees preventing moving BTC around.
That alone is a giant pile of NOPE in my opinion.
How do you maintain any kind of liquidty in a market where the fee’s are preventative for anyone that doesn’t hold large amounts of value?
Do you care?
This is the point where BTC is OFFICIALLY a GOLD STANDARD and NOT a CURRENCY. You can’t make the argument it’s a currency anymore.
Currencies allow people to move value freely. BTC does NOT.
It’s not a currency, its a value storage (ie. [e]Gold Standard).
Given the current market, what are you going to do going forward?
I cashed out to the alts. I also ensured my current token holdings are outside of exchanges (greater liquidity).
I have no interest in paying more in fees than the value I hold.
I have no interest in a crappy community.
I DO have interest in currencies
I DO have interest in practical applications of the blockchain concept
I DO have interest in good communities
This was clearly an opinion piece. Do what you feel appropriate.