Love your videos Haejin, I am concerned about two things regarding Bitcoin:
- https://blockchain.info/unconfirmed-transactions
Unconfirmed transactions are racking up, the main chain is basically unusable, really high fees, long confirmation times, etc. When people get fed up enough with this the price will take a plunge. - Futures coming soon, I would not be surprised that Wall Street will try to manipulate the market in their favor. Ie. Short and Dump then Long and Pump...
All projections are based on price movement using what I like to call CPREW: Chart Pattern Recognition and Elliot Waves.......never are they based on the news, rumors, or any other fundamental element.
This is a serious problem.
I cannot express my sentiment when stuck in the mempool.
I think that there is some misunderstanding about the futures that are being rolled out. These futures will be cash settled which means that the investors in the futures market will be betting on the price rise/fall that happens on the actual exchanges where real Bitcoins are bought and sold. So, if an investor buys / sells a future, that doesn't mean that an actual Bitcoin has been bought /sold.