I simply don't believe that Bitcoin was able to sustain its uptrend based on its 'demand' alone. Hype was the biggest factor there and with people slowly realizing how their time is wasted in waiting for 'days' to just get their transactions through even when paying more than $10 for each, Bitcoin's value will be realized.
I simply don't believe that Bitcoin was able to sustain its uptrend based on its 'demand' alone
yeah right because bitcoin is a highly volatile coin and that simply means it cant retain its growth substantially , instead it could also drop on some other times due to fluctuations caused by being volatile.
Hype was the biggest factor there
no, its not about the hype that makes bitcoin. bitcoin is indeed pretty useful in terms of usage like sending money abroad or international easily and fast wwithout the need of any other extra infos and other hassel things not only that, bitcoin can also be used on some other cool stuffs like trading, mining, buying or selling, etc. these was the main reason on why bitcon was so popular and its not just about the hype.
with people slowly realizing how their time is wasted in waiting for 'days' to just get their transactions through even when paying more than $10 for each, Bitcoin's value will be realized.
actually most people are infact already known and realized this issue a long time ago but majority of them are still here and continue to use it. people are not forced to use bitcoin therfore they are always welcome to switch on some other coins with low fees and faster transactions. however bitcoins value will still be remain on what it was meant to be.