I'm a little pissed off by Bitcoin right now. Yesterday before the Steem price pump I wanted to buy some from the market, so I signed to my Bitcoin walled installed on my computer and sent $10 to Poloneix. I know Bitcoin transactions take more time than usual but I didn't expect to wait more than 24 hours. Now the price of Steem jumped and I still did not get a single confirmation. By the time I'll receive my $10 in Bitcoin Steem could easily be worth even more.
Consider the facts for a minute. Is Bitcoin really that great?
As much as I want to believe that Bitcoin will be the future of money and will cost thousands of dollars, the reality is quite different. Bitcoin is getting old and slow, and its price and maintenance are heavily controlled by China. It's not really decentralized. What's more, Bitcoin is losing its dominance on the crypto market for the first time in its history. This is an indicator that in the future more money will go to altcoins and better-performing blockchains.
Yes, Bitcoin's price is at all time high right now, but in terms of practicality it's next to useless, when transaction times are slower than VISA or most of the other cryptos. I predict that in a couple of years the next generation of cryptos will take over.
I'm not a crypto or trading expert. These are just my own thoughts based on experience. How do you see Bitcoin's future?
