Topic: Bitcoin is useless or is it? - page 11. (Read 12826 times)
A virtual coin that is valued $2,490 is officially dead. Yes it is officially dead for those people that are suffering regret upon selling their bitcoins too early. It's not useless and instead it is useful to all of us. You just need to know how to use it properly and if you want to have a better way of living, just learn how to become patient and hold it.
for me it is not useless and bitcoin now is proven its function in digital world and used in every country
bitcoin and other cryptocurrencies are now known globally and now increasingly is value.
bitcoin and other cryptocurrencies are now known globally and now increasingly is value.
A useless currency will not be used by everyone, so bitcoin is a very useful money for everyone, it has a great influence on the economic strength of some countries.
Three hundred thousand confirmed Bitcoin transactions per day and growing. That says it all.
Absolutely correct, Bitcoin is increasing in investment on a daily basis and so it is not on the way at all to become useless but rather people are developing new ways of using it and integrating it into their businesses.
Well, using bitcoin only as a payment processor, the current fees are still more convenient for me than other electronic payment processors. Neteller charges me about 2% for each transaction, and a similar amount for Forex conversion. In PayPal the amounts are usually even higher.
It is true the the current fees do not represent the best or worlds for the bitcoin economy, there being so many altcoins handling much lower fees for each transaction out there, but I also hope that something can be done to improve this issue yet.
It is true the the current fees do not represent the best or worlds for the bitcoin economy, there being so many altcoins handling much lower fees for each transaction out there, but I also hope that something can be done to improve this issue yet.
Three hundred thousand confirmed Bitcoin transactions per day and growing. That says it all.
Bitcoin is indeed useless. I sold my stash after holding on for a long time. Don't want to be to greedy at the moment because the limited extra bucks to be made before the big bubble burst is just not worth the risk anymore. The titanic will sink no matter what people will tell. There is a lot of noise by people wanting to squeeze that extra $ out of their investment, but in the end the bubble pops. So I've chosen to exit, before the stampede (which will cause a technical crash on itself) Bitcoin = speculation (and part religion), for practical use you need to look at the coins 2.0.
Indeed it is useless for you now
Since useless basically means of no use, and Bitcoin is of no use to you after you have already sold all your coins. Moreover, if Bitcoin continues to surge and consistently break ATH's as it has been doing since the beginning of this year, it will be of even less use to you, because all what will be left to you is watch how Bitcoin climbs higher and higher. It is not that Bitcoin is useless on its own, it is more your never realized profits (especially those which you won't earn) that will make it so. Anyway, the shills' club seems to be overcrowded already by now, so you may have to just stick around here for the time being
Bitcoin is definitely not useless as OP claims it to be; yes, the fees are getting really high but I'm confident there will be a change in the way transactions work very soon (which hopefully will drop the mad fees)
Even with the fees getting really high, bitcoin is not useless, if it is, many people must have sold their bitcoins and used another crypto currency. There are other things that bitcoin is being useful, investment, many people buy bitcoin or earn them, then use some of it and mostly store them and wait for a good price to use them or maybe sell them.
Do you know what is the cost of using a VISA card or paying with a cheque ? Do you think it's free, nope, and guess who pay the cost, your bank? nope it's the store and it's you. It is called interchange fees... With an average of 0.5-0.8% per transaction, it means about 10-15$ for an item costing 2500$, while bitcoin will cost you let's say 0.001BTC ($2.5)
Can you pay an item costing 1000$ in a single transaction with a VISA, nope, with Bitcoin yes you can pay with a single one
Can you pay an item costing 1000$ in a single transaction with a VISA, nope, with Bitcoin yes you can pay with a single one
Bitcoin is definitely not useless as OP claims it to be; yes, the fees are getting really high but I'm confident there will be a change in the way transactions work very soon (which hopefully will drop the mad fees)
I said similar things in my topic: https://bitcointalksearch.org/topic/bitcoin-is-gonna-die-soon-1917152
Yes, I agree with you. Bitcoin is becoming useless as a payment system.
Why useless? It is true that the bitcoin fee will increase with its price. But I think, in other respects, bitcoin benefits us. Yes, I agree with you. Bitcoin is becoming useless as a payment system.
Bitcoin is indeed useless. I sold my stash after holding on for a long time. Don't want to be to greedy at the moment because the limited extra bucks to be made before the big bubble burst is just not worth the risk anymore. The titanic will sink no matter what people will tell. There is a lot of noise by people wanting to squeeze that extra $ out of their investment, but in the end the bubble pops. So I've chosen to exit, before the stampede (which will cause a technical crash on itself) Bitcoin = speculation (and part religion), for practical use you need to look at the coins 2.0.
indeed. The low transaction fee's are a lie now. better to buy your pizza with real money or pay more with BTC.
Can anyone tell me for whom those fee's are, and why they are rising?
It's not a lie, it's evidence to the present bitcoin, we've paid very low fees, but as the bitcoin price goes up, the charge goes up too.Can anyone tell me for whom those fee's are, and why they are rising?
Bitcoin is still used and will be used in the future also for transactions.
And that's the reason that makes bitcoin useful
And that's the reason that makes bitcoin useful
Useless are you insane or just bought bitcoin at a high orice and sold at a low price and that's the reason why you are pissed with bitcoin. Bitcoin has successfully passed so many stages like crossing the price of gold , increasing like 200% per year and now that it is being recognised worldwide you saying it useless?
Just because transaction fees go up, you say bitcoin is useless? 
I myself have never thought about transaction fees in every transaction I make, while there is still a wallet that provides no fees in the withdrawal, take advantage of that. I think don't need to bother with transaction fees, and bitcoin very useful.
I myself have never thought about transaction fees in every transaction I make, while there is still a wallet that provides no fees in the withdrawal, take advantage of that. I think don't need to bother with transaction fees, and bitcoin very useful.
Useful for what?
With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?
I would like to debate this and gauge the community's response to Bitcoin experiment.
No what this means is that bitcoin is no longer useful for small transactions, since bitcoin fee depend on the size of the transaction and not in the amount you are sending then this means that for bitcoin to be the best choice when it comes to transaction then you need to use it to send bigger amounts of money.I would like to debate this and gauge the community's response to Bitcoin experiment.
Just because transaction fees go up, you say bitcoin is useless?
I myself have never thought about transaction fees in every transaction I make, while there is still a wallet that provides no fees in the withdrawal, take advantage of that. I think don't need to bother with transaction fees, and bitcoin very useful.
I myself have never thought about transaction fees in every transaction I make, while there is still a wallet that provides no fees in the withdrawal, take advantage of that. I think don't need to bother with transaction fees, and bitcoin very useful.
Useful for what?
Useful to you of course. You are the one who is managing your account here in this forum where you are earning bitcoin, and obviously you are the one who are getting benefited on it, so how come that you are asking "Useful for what?", lol, this is very ridiculous. If you are going to be like that, or maybe you are just trolling people here, why not just quit bitcoin, get back here again using a newbie account and I would accept you asking the same question, because I will think that you are really just a newbie so asking a question like that is acceptable.
I just can't imagine that someone here in this forum is asking something like that, Really? We all know how bitcoin is helpful to us, we don't need to be dumb like we didn't know anything about it.
Bitcoin will not be useless because of its reputation that is already built and also a lot of people using bitcoin and they believe to the things that bitcoin can do like being widely accepted and also use as a daily basis currency. Bitcoin is very useful in a lot of ways like being a source of income, savings and also investment at the same time.
The reputation of Bitcoin through the years is still depends on how people view this cryptocurrency. But as we can now see, some countries are supporting it's usage and that's mean BTC is building up it's reputation in a large scale. The decent income that it can give to people are on par on the real world works.
Bitcoin was never advertised or designed to be micropayment solution. Flat TX fee is better suited to transfer a large sum of money.
It is still viable remittance option as you send rather large amount of money at once.
It is still viable remittance option as you send rather large amount of money at once.
Oh really...
Satoshi said something else:
https://bitcoin.org/bitcoin.pdf
He never saw bitcoin as an investment., unlike % of the current users.
He could only speculate, hope and expect what path bitcoin will follow. It's true he aimed to create p2p currency and payment method.
But I am sure that after 7 years of bitcoin existence, evolving and testing he would change his mind about many things: including scaling solution or bitcoin main purpose.
No matter how good you are, you alone cannat change this world. Many of the geniuses in the past including Nikola Tesla, Albert Einstein, max well can't comprehend what's lies ahead. They just accumulate and do what's best possible in the situation in that particular place, time, and technology. You can't have it all, clairvoyant means that it you predict the future and even if you have that clairvoyant ability you can't predict the very hearts of people. Maybe he does even expect that BTC can survive up to these long. He is just enjoying the scenery of the ride of the train that destiny is still unknown.
With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?
I would like to debate this and gauge the community's response to Bitcoin experiment.
No what this means is that bitcoin is no longer useful for small transactions, since bitcoin fee depend on the size of the transaction and not in the amount you are sending then this means that for bitcoin to be the best choice when it comes to transaction then you need to use it to send bigger amounts of money. I would like to debate this and gauge the community's response to Bitcoin experiment.
for me it is not useless and bitcoin now is proven its function in digital world and used in every country
bitcoin and other cryptocurrencies are now known globally and now increasingly is value.
bitcoin and other cryptocurrencies are now known globally and now increasingly is value.
A useless currency will not be used by everyone, so bitcoin is a very useful money for everyone, it has a great influence on the economic strength of some countries.
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