Topic: bitcoin for transaction worth it? (Read 126 times)
If everyone used BTC as a store of value instead of trading everyday, we wouldn't hear all of the complaints about price/transaction fees. There are other coins for that. BTC should be HODLed and used for HUGE purchases. These tactics would minimize price swings and transaction fee complaints...
for now i do not think it is worth.
because it cost us much money compared to other online payment.
but,lately i heard about Lightning Network and already tested a month ago till now.
for reference :
http://bitcoinist.com/bitcoin-lightning-network-is-coming-test-a-transaction-now/
in other words,it is worth if the lightning network implemented.
but it is not if Bitcoin has not implemented it yet
because it cost us much money compared to other online payment.
but,lately i heard about Lightning Network and already tested a month ago till now.
for reference :
http://bitcoinist.com/bitcoin-lightning-network-is-coming-test-a-transaction-now/
in other words,it is worth if the lightning network implemented.
but it is not if Bitcoin has not implemented it yet
Hello, I sorta have the idea that cryptocurrency such as bitcoin is used to replace the current currency for transaction since it's decentralized and not regulated by government. There are many shops/restaurant are receiving bitcoin as a payment too. However, I don't see the value in making a transaction via cryptocurrency (bitcoin) due to all the fees that are imposing on the consumers. For example, buying bitcoin from exchange site not only more expensive than the current market price, they also imposed a small transaction fee up to 6% for credit usage. Not to mentioned even after u received your bitcoin and excited to spend it on buying some stuffs, the transaction fee from transferring the bitcoin from 1 wallet to another costed about 0.001 which in current market about $20+ So i don't really get the points, since you'll be practically giving away lot of tips from every usage. Can someone maybe correct my point? of better explain it? Thank you.
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