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RE: As Bitcoins Price Retreats Continue To Get Larger and More Pronounced, The Possibility Of Bitcoin Loosing Massive Support Becomes More Likely.
But how can you justify its practicality?? last night i sent a 20$ payment to bitpay with a .98$ fee, and it has still yet to recieve a single confirmation. The current activity level is nowhere near what it would be after adoption, and bitcoin is still not an efficient method of transferring value in my opinion.
I think that either Bitcoin will be abandoned as a payment method (not necessarily losing aspects of trust and value; just the payment aspect) or we see a solution (intermediate or indefinite) for the scaling issue.
With Bitcoin's popularity, I think we will see a solution for this problem.