Cryptocurrency is crashing, are you in or out?

[vivster]

OhNoYouDont said:

vivster said:

There is no point anymore. Crypto currencies have long become just commodities for a handful of people to trade and make money from. They are as much currency now as stock.

Even if crypto currencies will be used as actual currency some day it will not get widespread due to inherent design constraints.

https://en.wikipedia.org/wiki/Bitcoin_scalability_problem

I'm quite certain that all crypto currency will never amount to more than being a plaything for rich people, a money laundering tool and payment for illegal goods. It was a neat idea but humans fucked it up.

Bitcoin has a scaling problem. Other coins don't. See: XRP, XLM, RaiBlocks, etc. They can do ~100,000+ transactions per second which is more than credit card companies. And they can do it in some cases for free.

But will those even grow enough if investors are turned off by bitcoin's eventual collapse? And will there be enough currency to go around for the general public? And will countries even allow an international currency that's not bound to gold or any fixed commodity and that's also not regulated by any official governing body?