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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.
I love this FUD but think that other networks could indeed take over at some point if technologically better. For noe, Bitcoin remains the most transparent one in use and tested security system.
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.