[Castle2.0]

Originally Posted by peterpal [You must be logged in to view images. Log in or Register.]

Bitcoin was made to be used as currency not a speculative asset for the rich. When it's stupidly high and network is congested you pay high fees and it's slow ergo not usable as a currency. On April 21 2021 the fee to send any amount was $62. Send someone $1 and you pay $62 fees. Great deal.

Just saying as someone who bought in 2014 after the mtgox crash and was aware of it even earlier but it was a hassle to buy then. I really dislike the new age crypto/tech bros and Elon worshippers that try to bring crypto into every conversation and don't even feel bad he scammed you into buying doge

1. Lightning Network (LN). Send Bitcoin instantly for almost free on Layer 2 of the bitcoin blockchain. Learn more here: https://lightning.network/ This is what will allow Bitcoin to be used as a currency. Pssst, this is what El Salvador is using.
2. If you want Layer 1 settlement (sending bitcoin on the bitcoin network) it's right now $0.06 to $1.60, depending if you want it sent in ~10 minutes to 4 hours. In the future, people will use Layer 2 solutions like LN for daily transactions. Layer 1 settlement will only be for large amounts or important transactions like mortgages.
3. I have been in crypto longer than you and most people for that matter. Not going to share my bitcointalk forum handle and dox myself, sorrynotsorry.
4. If you buy a dog-themed coin you deserve to get hosed
5. There are YUGE opportunities in DeFi, just like tech stocks in the late 90s. Most will fail. Most people will get hosed. Just buy BTC and HODL unless you actually want full-time employment researching/investing in crypto.