/biz/ - Business & Finance

>>27212835
is anyone actually gonna buy at the buy time? if i was even going to participate i would just watch the price action and trade accordingly but there is a lot of dumb money in this market now

Everyone knows that bitcoin is not only slow, but the ledger is costly to maintain, and therefore transaction costs are relatively high. I think there are enough Bitcoin maximalists out there that it will continue to appreciate. What happens when it starts being traded in tokenized form on the XLM or XRP ledger? will this solve its problems and allow it to hit 1mil? or is it just going to bleed out after these superior ledgers take over? This could create a situation where the currencies don't need to compete.