Bitcoin, which included CME Group with futures on December 18, continues to decline since this date.. Bitcoin, which reached an all-time record level by testing the $20,000 level before December 18, has lost 17.5 percent in recent days and is currently trading at $16,500.
Unconfirmed Bitcoin Transactions
Bitcoin With this sudden depreciation in its price, the trading volume of the coin has also increased.. As if the investors who started panic selling due to the loss of value and the investors who ordered to buy at low price were not enough, the investors who tried to switch to Bitcoin Cash also saw a rapid increase in the number of Bitcoin transactions. mining has also become less efficient. Transactions are not confirmed, fees to miners reach record levels, Bitcoin’s system is currently unable to handle capacity. As a result, over 250,000 Bitcoin transactions are suspended;
Bitcoin Cash Rises
While Bitcoin is meeting these troubles, Bitcoin Cash is making breakthroughs one after another.. BCH, which started its upward trend with the announcement that BitPay will use BCH as a payment option, gained an incredible price increase when it started to be traded on CoinBase and GDAX exchanges.. The digital coin has increased by 20% in the last 24 hours and by 125% in the last three days;
The Problems of Bitcoin and Bitcoin Cash
The problems that Bitcoin is experiencing Bitcoin Core team definitely needs to find a solution. How to solve the speed and scalability problems of Bitcoin, which emerged well before SegWit2x, remains a mystery.. Although Lightning Network is seen as a solution to this problem, on the other hand, Roger Ver and Bitcoin Cash are taking important steps towards strengthening themselves.
Can Bitcoin Cash replace Bitcoin? I do not think so. We have encountered similar tables before, after the SegWit2x cancellation, the Bitcoin Cash price came to the closest level to Bitcoin, and Bitcoin somehow managed to overcome this disaster.. But I’ll keep repeating, Roger Ver is rapidly expanding his Bitcoin Cash fan club. Unconfirmed transactions and high transaction fees also play into his hands…