Topic: Bitcoin has become un-useable. Switch to altcoins or short sell - page 2. (Read 444 times)
i don't think un-useable is the right word. The blockchain is stable, it has the blocks in time and with the right fees your transaction will be confirmed in the next block. But talking about the right fees is talking about close to $30/transaction which really sucks. But is the price to pay when there are more than 400k unconfirmed transactions. And totally agree about using altcoins is a good option now.
To say bitcoin is unusable here is a term that shouldn't apply or used. High transaction fee doesn't translate to unusable and at most, 50sat/byte which counts for the minimum to have your transaction occupy some mb on the network isn't so much. It depends on the volume of transaction your initiating though.
In any case, swapping bitcoin for altcoins because of transaction fee at the time might be the worst idea to tackle the times and something that shouldt be patronised. Altcoins are highly unreliable and could still dump or lose value.
No fee would be worth loosing your coin over and that too is a possibility with altcoins.
It is true that high transaction fees do not necessarily make Bitcoin unusable, they can certainly make it less attractive for smaller transactions. Also, the fees can fluctuate greatly based on network demand and can be difficult for us to predict, which can add an extra layer of uncertainty to the process.In any case, swapping bitcoin for altcoins because of transaction fee at the time might be the worst idea to tackle the times and something that shouldt be patronised. Altcoins are highly unreliable and could still dump or lose value.
No fee would be worth loosing your coin over and that too is a possibility with altcoins.
For those who swapping Bitcoin for alt coins based on transaction fees, it is important for users to carefully consider the risk involved. While altcoins can sometimes have lower transaction fees, they generally less established and can be more volatile than Bitcoin. Meaning that we users who swap their Bitcoin for altcoins based on transaction fees run the risk of losing value if the altcoin we choose experiences a significant drop in value.
To say bitcoin is unusable here is a term that shouldn't apply or used. High transaction fee doesn't translate to unusable and at most, 50sat/byte which counts for the minimum to have your transaction occupy some mb on the network isn't so much. It depends on the volume of transaction your initiating though.
In any case, swapping bitcoin for altcoins because of transaction fee at the time might be the worst idea to tackle the times and something that shouldt be patronised. Altcoins are highly unreliable and could still dump or lose value.
No fee would be worth loosing your coin over and that too is a possibility with altcoins.
In any case, swapping bitcoin for altcoins because of transaction fee at the time might be the worst idea to tackle the times and something that shouldt be patronised. Altcoins are highly unreliable and could still dump or lose value.
No fee would be worth loosing your coin over and that too is a possibility with altcoins.
BTC fees are skyrocketing to the moon in what some are calling a crisis. Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.
What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
Sorry mate but I think its quite clear why all the problems are happening now and its definitely got nothing to do with this actual word "unusable" you are blaspheming around. Bitcoin is still what it is and the blockchain or mempool congestion is what is creating all this price hike and you coming to cause a FUD is absolutely not welcomed, if we hadn't known better would have tag you a possible promoter of these brc20 coins that's if you are not actually one already. Bitcoin is still very much usable and its value is still in check as the market value for it is still looking strong @27-28k $ and looking to move up as the year continues so it just a matter of time before this whole cloud clears off and what we can do to help this situation is to reduce the rate of coins we sell at current state now because it will further congest the mempool and you don't expect a human who mine bitcoin blocks to go for a lower transaction when a higher one is placed before him and that's why the fees are so high but those that still want transaction mine for them are meeting up with the fees so nothing is actually wrong with bitcoin usage its just a mempool congestion. What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
OP I can see from your name it is possible your are really from them. Are you trying to cause a FUD or what?. You are quickly at it singing praise of switching to other alt just because of the ordinals attack on bitcoin chain and here you are calling bitcoin un-useable when there are millions of transactions going on currently on bitcoin chain. It is fine and as a result of the attack on bitcoin chain, transaction prices skyrocketed which is not a new thing on blockchain that miners would prefer the higher transaction fee compared to the lesser. Anyways, thanks for your youtube video, as I had to get more of bitcoin because I saw a quick recovery and price boom in a short time.
That can't cause any fud because Bitcoin price will remain the way Bitcoin Master wants it.
Will soon be investigating the intention of ordinal, if it's evil then expect a punishment soon and the whole transaction issue will be settled, possibly without human intervention.
Meanwhile we will leave things this way for sometimes for developers and other members to learn their lessons.
The price will continue to be bullish.
Running away is never a solution 
First, this is not the first time mempool is so full. Second instead of running away to Solana, try solving Bitcoin mempool problem. Otherwise Solana can be filled with NFT shit as well one day. Third - hold! Fourth - dont like Bitcoin? I can buy it for half price from you. Transaction fee is on me.
First, this is not the first time mempool is so full. Second instead of running away to Solana, try solving Bitcoin mempool problem. Otherwise Solana can be filled with NFT shit as well one day. Third - hold! Fourth - dont like Bitcoin? I can buy it for half price from you. Transaction fee is on me.
BTC fees are skyrocketing to the moon in what some are calling a crisis. Bitcoin has become completely unusable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.
What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
Another opportunist trying to ride on the attack on Bitcoin to get cheap publicity. People are not dumb to know the difference between Bitcoin and your undependable altcoin. Exchanges in my country are already flooding social media with diverse predictions and analyses. But I don't use Bitcoin for daily transactions and I will not also contribute to the problem so I am not even selling. I have always promoted Bitcoin in my neighborhood because of its relatively cheap transaction fees so paying high fees makes no sense to me. OP to me your advice is null and void. The disasters that exchanges cause are still fresh in my memory, hence I am even more scared of using them. I am sure this problem will soon come to an end and it will make bitcoin bigger and stronger. What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
BTC fees are skyrocketing to the moon in what some are calling a crisis. Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.
What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
Op I don't really think you are a sole investor to bitcoin rather to cause panic and sets confusion towards the holders and I don't really see altcoin to be the solutions to the fee increase. It's just for while and I believe the fee could be normalized so I don't know why you are trying to divide people's attention by having this alternative going into altcoin.
I stick tight to btc holdings.
From your name it looks like fak gateioexchange because I believe an exchange you could have at least buy copper member to be able to post your images. Sorry to say
BTC fees are skyrocketing to the moon in what some are calling a crisis. Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.
What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
Wrong choices of words. Attack not crisis. Completely un-useable? why? is the blockchain stopped confirming transactions? LOL. Mempool is only clogged but you can receive and transfer Btc if you don't mind the high fees.
Too bad you're in a wrong forum. People around here are too experienced to bite on such kind of FUD. Now you just earned yourself a very bad image as an Exchange who listed ORDI LOLOL!
Go try it in a different crypto related community!
BTC fees are skyrocketing to the moon in what some are calling a crisis. Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.
What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs
Lol, you are one exchange that are riding on the bandwagon here, Gate.io will list Ordinals(ORDI). So not going to be surprised though that you are calling it a crisis right now and push your agenda to used or at least invest on BRC-20 like ORDI that is causing this massive spam on bitcoin's network.
Good try but we know what you are doing here,
Now that is one exchange I will never use! 
I'll see you in BSV then. /s
EDIT: Everyone who roundhouse-kicked the OP for me has gotten +5 merit.
Are you serious?
In that case, it is more than sarcasm. Nobody should support exchanges that facilitate BRC20 spam.
I'll see you in BSV then. /s
EDIT: Everyone who roundhouse-kicked the OP for me has gotten +5 merit.
Lol, you are one exchange that are riding on the bandwagon here, Gate.io will list Ordinals(ORDI). So not going to be surprised though that you are calling it a crisis right now and push your agenda to used or at least invest on BRC-20 like ORDI that is causing this massive spam on bitcoin's network.
Good try but we know what you are doing here,
Good try but we know what you are doing here,
Are you serious?
In that case, it is more than sarcasm. Nobody should support exchanges that facilitate BRC20 spam.
I have enough trouble getting people to pay me with Bitcoin, without trying to convince them to use some crappy alt. What would I do with the flakey alts anyway - I wouldn't want to keep them for more than 5 minutes.
OP ,is an anti-bitcoin and he thinks that he can come here to spread the FUD and everyone will foolishly listen to him. This congestion on the mempool is why there is delay in transaction because miners will always process transactions with the higher fee which is normal. This hasn't devalued bitcoin,neither has it cause any reason for alarm. Such thing happened in 2017 and bitcoin got over it. Those of us that are complaining, I don't see any reason for it,because I don't think we should be spending bitcoin daily or weekly. It is high time we don't make any bitcoin transaction, if we feel that the transaction fee is higher than what we can afford. Fiat and banks are there, which has been our way of making transactions before bitcoin was created,so I suggest that your daily spending or weekly should be in fiat,so that we can use this opportunity of the mempool congestion to hold our bitcoin. In every problem there is always an advantage for people who see it as a norm. It is only forum members that don't have an outside job and only depend on their weekly pay from signature campaign that will be highly affected. Switching over to altcoins is the worst decision ever, because you will end up in a deeper mess than this.
BTC fees are skyrocketing to the moon in what some are calling a crisis. Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.
Unusable just because of an increase in transaction fees, this has to be some joke thread. What Bitcoin is experiencing can't be compared to Ethereum increase in fees when it happened yet it was still been used so what makes you think people will stop using Bitcoin. We have lightening network that can be used to avoid paying this high fees. Things will go back to normal very soon no need to be panicking.
Business owners accepting Bitcoin can switch to using of the lightning network for faster transaction until the congestion get resolved. Solana or any other altcoins you're promoting won't and can't replace Bitcoin. Solana died a very long time ago and should be avoided.
You don't know how angry I am because of Bitcoin transaction fee right now, no one likes it and some are comparing this to the 2017 Bitcoin high transaction fee but this one is different and it will be here for years because there was no Brc20 in 2017.
The ordinals never existed at the time, this is why I believe that Bitcoin won't be getting out of this mess for a long period of time until maybe the devs put an end to ordinals smart contract on Bitcoin, it's a mess that should have never existed in the first place, Bitcoin was not created for such thing.
Bitcoin is Bitcoin and I don't think that people will love to leave the coin for alt, even if they do believe me they are not happy about it, we are not talking about Ethereum here, this is Bitcoin.
The ordinals never existed at the time, this is why I believe that Bitcoin won't be getting out of this mess for a long period of time until maybe the devs put an end to ordinals smart contract on Bitcoin, it's a mess that should have never existed in the first place, Bitcoin was not created for such thing.
Bitcoin is Bitcoin and I don't think that people will love to leave the coin for alt, even if they do believe me they are not happy about it, we are not talking about Ethereum here, this is Bitcoin.
~
Crisis? Un-useable? What more negative words can you use towards Bitcoin? Well, base on that username, it's pretty obvious that you're under Gate.io exchange.
Many are switching to SOLANA?
What Solana? Many are switching into a coin that has been into outages several times already? I would rather go to stablecoin like Tether than a shitcoin like Solana. Monero? No as well.How do Bitcoin became a completely un-useable currency? It's because of high transaction fees? Do you think that this will last forever? No establishments are accepting Monero, and a shitcoin like Solana. If you're doing this to attack Bitcoin, try again.
Here comes another one of the same thread trying to take advantage of the fees issue at this time and convincing people to shift to altcoins.
It is not too bad to shift to altcoins for cheaper transaction fee in this time but remember not all altcoin networks will give you cheaper transaction fees. Like Ethereum network can cost you more than Bitcoin network.It is very important to note: with altcoin networks, you will have less safety for your transactions. Bitcoin blockchain is a best one for transactions in security and safety.
Here comes another one of the same thread trying to take advantage of the fees issue at this time and convincing people to shift to altcoins.But let me tell you one thing this is not going to help you out in any way or promote something you are trying to do.The shitcoins with low fees have nothing to provide and why should we make transactions on them? The gas has been so high and unaffordable by many but have you made any comments on it? The most of the tokens are bases on it's chain but this time memepool is congested but will come to normal again but leaving btc for altcoins is never an option.
Op you should be ashamed of yourself for posting such unclear and false information on the forum.
As Cryptsafe said, your username tells us that you probably have a personal/professional interest in wanting to generate FUD.
I would never click on the link you posted, why would anyone? Your post is wrong, and is there to create FUD.
SOL and XMR are not an alternative to BTC in any way. Why do you come and talk about something you don't know anything about?
Since when XMR is a storage of value asset? What guarantee do you have that CEX will eventually accept to exchange it in the very long term given the nature of XMR himself?
Solana speaks for itself, wanting to "replace" BTC with Solana is for me an insult to BTC, no need to argue.
If you had any real knowledge of what BTC and its network is, you wouldn't go into these defeatist speeches, look at what happened in 2017 for example.
Do you think anyone is really going to trade their BTC for XMR/Solana here? Plus with 1 year to go before halving, you'd have to be an idiot to do that.
As Cryptsafe said, your username tells us that you probably have a personal/professional interest in wanting to generate FUD.
I would never click on the link you posted, why would anyone? Your post is wrong, and is there to create FUD.
SOL and XMR are not an alternative to BTC in any way. Why do you come and talk about something you don't know anything about?
Since when XMR is a storage of value asset? What guarantee do you have that CEX will eventually accept to exchange it in the very long term given the nature of XMR himself?
Solana speaks for itself, wanting to "replace" BTC with Solana is for me an insult to BTC, no need to argue.
If you had any real knowledge of what BTC and its network is, you wouldn't go into these defeatist speeches, look at what happened in 2017 for example.
Do you think anyone is really going to trade their BTC for XMR/Solana here? Plus with 1 year to go before halving, you'd have to be an idiot to do that.
While promoting controversial material can sometimes (and only sometimes when it's actually carefully and cleverly planned, in this case it's not) work well for a business/company, this is totally ludicrous and moronic — knowing that Bitcointalk is a Bitcoin-centric community.
Gateio should fire whoever's idea these videos are.
Gateio should fire whoever's idea these videos are.
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