Topic: Bitcoin is DEAD for small payments, Bitcoin Cash is the FUTURE - page 9. (Read 1568 times)

HODL BTC 

Some people see Bitcoin as speculative means to speculate and make easy gains.
It's just an utterly idiotic thing to do and to look at Bitcoin as speculative "Gold" and not as means of payment.

Officially as of today we stopped supporting Bitcoin and we pay our members in Bitcoin Cash, it's officially done.

Nowhere in satoshi's vision was Bitcoin to be used only for expensive things. And right now I don't think there is a single real business that uses it as such. All current real users are making small payments, and this market is dieing. I'm not saying BTC Cash is the future, because it's not. It has the exact same problem. But unless these transaction fees are not lowered only speculators will use BTC. And no coin can survive long term with just speculators.

Even though bitcoins cash might surpass bitcoins i will still pursue on holding the bitcoins and keep on making it increase because i started on this coins so i will further continue till the value will increase to the highest level.

maybe you are right  because small payment  really takes  a lot of time. and it is bother me. to my mind it will be better to use one coin  for small and big payments

Everytime bitcoin has this transfer fees issue, there are so many people comes and make topic about " bitcoin dead and the future is bitcoin cash" , like ,what?
There will be the "topic starters" in the thread, then the "newbies who supports BCH" boasting about BCH, then there are us who believe in bitcoin.
For all bitcoin believer :
1. Dont be panic and keep holding your coins. Bitcoin is the big thing like gold or maybe diamonds, and nobody use gold or diamonds for daily payments.
2. Remember, people that use bitcoin is massive, so much more than other coins, so it is normal to have a lot of transaction. Not to mention this is considered a high time (christmas + new year eve) season, and the price really goes up before, so people want to cash some to use money to spend on this holiday, or buying things, so i guess it is normal.
3. We, bitcoiners, are doing bitcoin because we want profit right? okay, seeing that price jumps so high, it is natural that a lot (yes a lot) of people do transaction, whether it is exchange, selling, or moving to another wallet.
4. Thats it i guess for bitcoiner. Because i believe there will be many people that hold bitcoin read this topic.

For all bitcoin cash believer :
1. I know you guys want some money, easy money, but just be careful, bitcoin cash is not a decentralized currency, it is owned and operated 51% by a group of criminal in an "making money via online" world. It is like you store your money into the bank and the owner is the robber itself.
2. Do you bitcoin cash believer has a real prove that one of bitcoin.com founder sold all his bitcoins? If yes, then show us !
3. And last, come on, you provoke people with some lowly rank account? Why? Because you scared if your " real" account known as FUD? And it can disturb your earning in BITCOIN on this forum? Well some of you has high rank i guess, maybe you re the person behind these low rank account (newbie etc) ?

I know that today bitcoin has decreased, and I think it's normal when conditions like this. and I'm sure in the new year 2018 bitcoin will rise.
and BCH is also good, in a short time BCH can reach the price of $ 8000. it is very amazing, but we see, whether BCH can survive?

I believe that this is what makes people look more at bitcoin as an investment vehicle than it is for daily transactions. This is a problem that has not been resolved, so some companies decide not to use it again as a means of payment. For example with steam companies, who reject it because of the huge transaction fee that makes users complain. But I do not agree if you say die, maybe better said less used than dead.

BCH can not replace the BTC.
There are many negative moments. The biggest problem is not a decentralized currency. At any time, its course can move to the right side of Roger Ver.
I made a translation yesterday in his network. It took 1 hour 23 minutes.
Would this suit a crypto community?

The cost of expensive bitcoin transactions is influenced by the bitcoin price itself, the factor of the number of users who send bitcoin also affects transaction costs. Bitcoin is not suitable for small amounts of payment. if we say bitcoin like a diamond, will you buy a plate of food using a diamond?

claiming Bitcoin Cash is the future is something we already saw in the past, every new coin were a revolution to crypto world! and then, after couple of days/months/pumps everyone was back to BTC forgetting the new "amazing" coin.
I do agree with you that the transaction fees at the moment are a dealbreaker thing, way too high and not worth for small transaction, as now we just have to wait for the implementation of a new protocol; diversification is always a good choice if you have the money for that but definitely BTC cash is not the new messiah.

I agree with you. I've withdraw some of my bitcoin today and got shocked with transaction fee is around 10% is too big amount.
it's very not recommended for transactions with small amounts.
bitcoin is getting popular and high traffic since a few days ago until now

Today, due to the increased demand for Bitcoin Cash, the transaction price is also growing and if developers do not increase the block size, small transactions will also not be profitable over time.

For small payments, i think, yes, since the fee is much higher now and confirmations are taking too long, however for bitcoin cash, it is much faster, considering the fact that thetr is no congestion yer it their network. Personally, i would still use bitcoin in my transactions, though both have the same traits,  bitcoin's advantage is, there is no one ceo trying to control it, like bitcoin cash.

These could be the most important questions for the market, since without a clear, reliable and transparent pricing mechanism it's impossible for owners to determine the value of their holdings. Right now, many in the business media are reporting on prices as though they were based on well-established and open standards. But they're not.

not everybody cares about the value of bitcoin. The value right now is driven purely by speculation. What we care about is real usage, which right now is a HUGE issue. Businesses are dropping bitcoin because the fees are absurd right now. Instead of getting more adoption, it's loosing current busineses. I work for such a website that uses bitcoin now, and we have suspended all bitcoin payments right now as well. Currently considering implementing other alts like Monero or byteball. The problem is exchanges still only list BTC related pairs.

Again, I cannot stress this enough: if there is no real usage, bitcoin will fall. Speculation alone cannot drive a coin forever.

I cannot believe on that, If you are going too look on the market then you will notice that the value of bitcoins is increasing massively and it was very nice idea to invest today because the growth of btc each day is massive.

While I agree that BTC fees are way too high for smaller transactions, I doubt that Bitcoin Cash alone can be the solution. There are better and more anonymous crypto currencies out there like Monero or Verge with even faster and cheaper transactions.

The BCH is not a decentralized crypto currency. There are many altcoins with much better characteristics for micro and nano payments.
FUD hype raised around this, clearly shows the fictitiousness of this problem.

Bitcoin money can also be a source of money for our future but a lot of opposites. While the money generated by the bitcoin cash hard fork - and the possible money generated by the bitcoin gold hard fork - has played a role in driving bitcoin's price surge, it's not all fun and games. Bitcoin owners have effectively acquired value for free, but there is still a cost associated with the assets.