Will Bitcoin complete a 4th Elliot wave ABCDE correction before going on a massive run to $23,000? Or, will Bitcoin break $6,000 and head to the bottom of the log chart to find support around $3,000?
Regardless, I'm long on BTC into the distant future. But, they must address the following issues if we want to see a high valuation in the coming years:
1. Divided community
2. Slow transaction time
3. High transaction fees
4. Centralized ASIC mining
5. Block Size
6. Unconfirmed transactions
7. 51% attack vulnerabilities
8. Difficulty adjustment
9. Transactions per second
Bitcoin needs to evolve. In my humble opinion, Bitcoin should integrate Digibyte's technology.
Regardless, I'm long on BTC into the distant future. But, they must address the following issues if we want to see a high valuation in the coming years:
1. Divided community
2. Slow transaction time
3. High transaction fees
4. Centralized ASIC mining
5. Block Size
6. Unconfirmed transactions
7. 51% attack vulnerabilities
8. Difficulty adjustment
9. Transactions per second
Bitcoin needs to evolve. In my humble opinion, Bitcoin should integrate Digibyte's technology.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.