Are You Discouraged with Bitcoin? - page 21.

VclDm

member

Activity: 392

Merit: 11

Quote from: jackky on January 04, 2018, 05:51:43 AM

Quote from: CryptoBry on December 11, 2017, 09:12:13 PM

The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.

People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.

Do you feel like discouraged about Bitcoin with this latest debacle?

Bitcoin made me really disappointed about it, as it moved so fast and could not control the speed. The fee for each item is too high, but the processing speed is always slow and may stop because of something.

At times, I am also worried about bitcoin because now the bitcoin trading time is quite long, I usually take about 30 minutes for each transaction. Bitcoin trading fees on the trading sites are being pushed up quite high, which is also preventing many new investors from accessing bitcoin because they do not accept this high fee. I hope that in the coming time bitcoin will overcome these things.

yoseph

sr. member

Activity: 868

Merit: 266

Even though i am a bit disappointed by the recent value of bitcoins which is way beyond the expectations that i had for the year, I will not go as far to say that i am discouraged by the recent turn of events which is mainly due to some outside interferences.

dbutp

member

Activity: 171

Merit: 10

Streamity Decentralized cryptocurrency exchange

Quote from: CryptoBry on December 11, 2017, 09:12:13 PM

The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.

People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.

Do you feel like discouraged about Bitcoin with this latest debacle?

Although everything has stabilized now, some weeks ago people saw the need to expand the number of blocks, delayed transactions, and high fees. It was not small for our investment and I was sure at the time that everyone was upset and worried about their transactions.

ekolet

member

Activity: 112

Merit: 10

This is a slow and gradual progress, there is no way to scale blockchains to meet exponential demand.

jackky

member

Activity: 308

Merit: 10

Quote from: CryptoBry on December 11, 2017, 09:12:13 PM

The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.

People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.

Do you feel like discouraged about Bitcoin with this latest debacle?

Bitcoin made me really disappointed about it, as it moved so fast and could not control the speed. The fee for each item is too high, but the processing speed is always slow and may stop because of something.

MattF24

newbie

Activity: 88

Merit: 0

It is indeed expensive and very much a hassle to use Bitcoin as a daily mode of payment, at least for now. For me, it is holding Bitcoin back from truly becoming the best, but I just hope that it can get around this obstacle one day.

postokenlover

member

Activity: 159

Merit: 10

I have been disappointed many times with the problem of network congestion in the high transfer costs of bitcoin. You know, now I'm trying to use other altcoin in exchange transfer, and then to the miners and others to convert into bitcoin, which is really a lot of trouble.

KenChanYu

hero member

Activity: 1139

Merit: 500

Quote from: richmcrich on January 04, 2018, 05:31:36 AM

Quote from: kier010 on December 14, 2017, 07:03:38 AM

this is business so of course when bitcoin price increase they will also increase the fees and they would grab the opportunity to gain more profit. the problem is those that own small amount of bitcoin because it will kill them step by step.

In business everyone want to earn and gain money more and more so when the price will increase then the fee will also be increase but it is not a serious matter to be discouraged. How man can be discourage when he getting/earning a lot from bitcoin business I think he will encourage with huge earning.

Personally I am so glad, encourage and much confident with business because I am seeing bitcoin the most dominant and popular currency in future.

Yes i agree on that I believe that there is no way that i become idscourage on bitcoin because it really gives an extra income and it is really helpful to each and everyone of us.I really want to have more bitcoin because i believe that it will really rise in the near future.Bitcoin really getting more popular each day because it has really many advantages bitcoin is a blessings we can really earn a great profit on it without any disadvantages.

Gringoblin67

newbie

Activity: 104

Merit: 0

While Bitcoin has great potential and still can improve, I do see the clogging up of transactions as well as the omgOP fees a drawback for now. I have merely held by Bitcoins and will continue to do so until transactions will become less expensive and the network less congested.

richmcrich

hero member

Activity: 1120

Merit: 507

Quote from: kier010 on December 14, 2017, 07:03:38 AM

this is business so of course when bitcoin price increase they will also increase the fees and they would grab the opportunity to gain more profit. the problem is those that own small amount of bitcoin because it will kill them step by step.

In business everyone want to earn and gain money more and more so when the price will increase then the fee will also be increase but it is not a serious matter to be discouraged. How man can be discourage when he getting/earning a lot from bitcoin business I think he will encourage with huge earning.

Personally I am so glad, encourage and much confident with business because I am seeing bitcoin the most dominant and popular currency in future.

Dyn@styN3rd

member

Activity: 168

Merit: 10

Not at all because I am seeing great potential when it comes to Bitcoin and the whole cryptocurrency. Although I miss the days when there was still an option of 0 fees whenever I send funds to other wallets. Hope they can do something about this problem.

supmanling

member

Activity: 63

Merit: 10

I am not think so.also I am not agree this.its encourage us increase investment.

filharvey

hero member

Activity: 866

Merit: 1001

Truly. It's very discouraging to see such a high fee that too for such a long time. Even Segwit also was not able to solve the problem. Most of the bitcoin users still don't know about how to use Segwit for transactions.Even if we use the Segwit address, the receiver also has to use Segwit address. Otherwise it's useless. Even many companies are discussing to stop accepting bitcoin payments.The last hope is lightning network.

hadveach

full member

Activity: 448

Merit: 102

yes, I agree with what you say. many people complain about the expensive fee's. but if there is another solution, then it can make BTC users happy

sumonrud

full member

Activity: 462

Merit: 100

Bitcoin is a good technology and its digital currency that helps people make transactions easily.and it is highly valuable a high price.I am not discouraged to use bitcoin. bitcoin has an opportunity and alternative source of income and it makes people do transactions easily and internationally so it is not a good thing to be discouraged.

Catch-22

member

Activity: 364

Merit: 16

https://crowdsale.network

Not discourage but disappointed and impatient with the result of the slow transaction and the high fees. We could just hope that this will improve. There are a lot of incoming exchanges and hopefully they will improve or resolve this concerns.

BarbieCasino

sr. member

Activity: 612

Merit: 250

Quote from: BitcoinNational on December 14, 2017, 06:51:01 AM

Quote from: bitbunnny on December 14, 2017, 06:44:58 AM

Just the opposite, I'm convinced more than ever that dealing with Bitcoin is right decision.
Problem is because some people had expectations that Bitcoin will become mainstream, which is an illusion, or they expected much biger personal gain they failed to succeeded and they are discouraged. Easy money was motivation for many and when this failed they started to blaim Bitcoin.Every such users should ask himself why he started using Bitcoin at first place.

That's exactly the problem, bitcoin isn't and shouldn't become mainstream. It hasn't been foreseen for a high volume of transactions. There are more altcoins which can become reference and support the "weaknesses" of bitcoin.

You are right people got a lot of high dreams related to bitcoin and they know someday they will achieve their goal with the help of bitcoin. A lot of other coins are also here but the best and profitable currency is bitcoin and no currency or investment is able to defeat bitcoin, now bitcoin is popular for investing and trading it is a source of income and saving for future when people are afraid of being scammed.

reingelz09

member

Activity: 78

Merit: 10

Yes I am a little discouraged with bitcoin, just a little bit, the moment that bitcoin value increases I was not able to buy some other cryptocurrency which accept bitcoins all of the transaction fee increases too. I really think bitcoin is not for all anymore only for those who can afford and having an big investments already or the whales.

miyaka26

full member

Activity: 476

Merit: 105

Quote from: Nanot on December 14, 2017, 07:18:30 AM

Quote from: CryptoBry on December 11, 2017, 09:12:13 PM

The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.

People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.

Do you feel like discouraged about Bitcoin with this latest debacle?

Im not discouraged about bitcoin because it gives a great help and promotes raising up of poverties. Bitcoin is encouragable thing that needs to give more time ir prioritized. We cannot deny the fact that bitcoin should gave a great help and its reduces unemployment.

Yeah we know that thing, we can't deny the fact about the great opportunity that bitcoin's provided to us for the past 8 years, breaking all the records and limits that the crypto has been done before, but we can't also deny the fact that it is disappointing to experience slow transaction process for confirmations and high rated transfer fees that make a regular trader or investor discouraged by its common problem, you will understand once you regularly transfer large amount of bitcoin to many wallets addresses for the mean time all of the bitcoin enthusiasts are still waiting for the fix that the lightning network promised.

Collosus999

newbie

Activity: 36

Merit: 0

The opposite for me actually, I am really encouraged with how its doing. The way I see it, any problems with bitcoin with fees or whatever. will mean more money being put into altcoins, thus growing cryptocurrency anyways.
I see it as a long term thing though, as the amount of ICOs should stabilize over the next few years

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