Bitcoin is useless or is it? - page 5.

kpcian

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Quote from: Ashbite on July 06, 2017, 02:33:35 AM

Bitcoin is very much useful,i think it is future currency.bitcoin is not handling by any government.this is decentralized also.it is very useful to fast and secure transactions.bitcoin is more profitable to investors,it is very useful to this internet world.according to my view many people love this bitcoins.

well said...
nowadays bitcoin very much useful for daily life, it can be used in the transaction purpose with a minimum rate of fee, bitcoin can be smooth investment platform and trading sector. not only that bitcoin is a greater source of long-term investment because bitcoin is gaining value more and more. in the future, Bitcoin will create almost double value, so bitcoin is no more useless...

L00n3y

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Quote from: nightxglow on June 04, 2017, 04:06:58 PM

Lol i can't believe i see someone who said bitcoin is useless, only because the transaction fee is high?
Bitcoin sure, is useful for me. It really help me to earn more money quite easily. And i don't really mind with the transaction fee because i rarely use bitcoin to buy something, i prefer keeping them.
Yes it's true that bitcoin is quite much about speculation, but what's for sure the price has been increasing until now, and it actually profitable to keep your bitcoin and sell that later.
If you complained about the fee, why not try to save your bitcoin like me? Or learn other way to use bitcoin that may give you even more money so you won't even complain about it anymore because you're rich already.

True I don't know if he is a trader or not because he is muttering about how useless the bitcoin industry is. Since bitcoin's price is going back and forth in these few years and at the end we ended up winning because bitcoin price is going up in the end. If we are talking about the fee then it might be higher than what we can afford but that's because this industry is still lacking on how they can charge fee to a particular transaction. There are so many projects that is being introduced to make this industry much more good than before, keep your feet in every waves coming.

Vikingr

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Quote from: Ashbite on July 06, 2017, 02:33:35 AM

Bitcoin is very much useful,i think it is future currency.bitcoin is not handling by any government.this is decentralized also.it is very useful to fast and secure transactions.bitcoin is more profitable to investors,it is very useful to this internet world.according to my view many people love this bitcoins.

That is true! I don’t think so bitcoins are useless in any way. There are innumerable advantages of using bitcoins, then how one can call them useless. That would be really unjust to bitcoins’ services. Bitcoins are decentralized, highly transparent, offer easy transactions etc. what else one need. Bitcoins are the future currency of world.

BarbieCasino

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Quote from: coerdy on July 05, 2017, 06:04:27 AM

Bitcoin is the advanced technology useful for doing big transactions in a simple way. Some of the people said that Bitcoin is not useful, waste of investing money, etc... Don't think in negative way and research about bitcoin, then you will get an overall idea. Be positive....

yes bitcoin is an advanced technology and it is known by all kind of users many people around the world are using bitcoin for many purposes and still there is a huge usage in eastern countries so it’s useful for me I value it a lot

Ashbite

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Bitcoin is very much useful,i think it is future currency.bitcoin is not handling by any government.this is decentralized also.it is very useful to fast and secure transactions.bitcoin is more profitable to investors,it is very useful to this internet world.according to my view many people love this bitcoins.

darkangel

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Quote from: loiterin9 on May 14, 2017, 03:06:01 AM

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.

Bitcoin is not useless, it is a decentralized digital currency or so-called electronic currency. Bitcoins themselves are not as bad as people think. Previously not involved in transactions I also believe bitcoin is virtual currency. But now I have a more accurate view of bitcoin. I believe bitcoin.

Lomberjack

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Quote from: loiterin9 on May 14, 2017, 03:06:01 AM

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.

That certain thing really happens. But we cannot trulynsay that bitcoin is becoming useless just because of the high transaction fees offered in processing your transaction. It is not just the bitcoin who manage the transactions but also the miners who are paid to do the transaction process in exchange of payment. Also the higher amount of transaction, the higher amount of transaction fee you must pay for them to be able to process your transaction. Because transaction fees just rise depending upon the limit of loads in each block. Once your transaction reach its limit, you have to pay extra for the transaction process to occur.

CarnagexD

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Quote from: loiterin9 on May 14, 2017, 03:06:01 AM

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.

Yes that is right. With the high transaction fee, most bitcoin users might disengage in using bitcoin because they can see that instead of gaining, the money that supposed to be rising is deducted by high transaction fee. Despite of what is happening, we cannot evenly say that bitcoin is becoming useless because in lined with the high amount of money you want to transact, the high transaction fee you must pay. Because managing companies also pay for the transaction process for it to be able to transact your money.

itsallpc

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Higher transaction fee would become soon an older story.Soon it would be only found in history.All such things happened due to spammers who wished to spam network with fake transactions.We all suffered a lot due to higher fee.But soon after august 1st,situations would change and we could once again enjoy low fee and fast transactions.

Adbitco

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What brought you here op? If you think bitcoin is useless then you shouldn't be wasting your time here on a forum which is full of bitcoin true believers and full of those people who believe in its potential to become the number one digital currency which bitcoin already is. The high transaction fee problem will be solved sooner than later but that doesn't mean bitcoin is useless. Bitcoin has only grown ever since it came to existence and it is meant to grow more. Bitcoin has never been useless and it never will be.

richardsNY

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Quote from: Aztek on July 05, 2017, 05:47:32 PM

the profit that you gain are somewhat lost because it is already deducted when you have to pay for transaction fee. This is a problem for bitcoin users because the money that they have earned are likely to be put into trash because of the large transaction fees.

Sorry, but if your profits largely vanish due to the transaction fee that you include, you're either a faucet/captcha farmer, or you're "investing" with amounts slightly higher than dust. And no, this isn't a problem for the regular Bitcoin users, but only to penny pinchers like you. Invest your time in something better and more worthwhile instead of focusing on ultra micro earnings -- you'll see that the fees won't be a problem anymore....

Aztek

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Quote from: loiterin9 on May 14, 2017, 03:06:01 AM

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.

Indeed. Because instead of getting a great amount that you have earned in saving it or spending to your investments, the profit that you gain are somewhat lost because it is already deducted when you have to pay for transaction fee. This is a problem for bitcoin users because the money that they have earned are likely to be put into trash because of the large transaction fees.

Zionatin

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I think if Bitcoin was useless this forum wouldn't exist and none if is would be here. It would have died long ago. Clearly Bitcoin is far from useless since it has real world value even if it is digital. Everything is digital these days. Makes sense money is too. Bitcoin is also fun to use and easy.

DevilSlayer

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Quote from: Happydd on June 10, 2017, 12:07:07 PM

Quote from: nominee on June 10, 2017, 11:38:31 AM

It was not useless at the very first stages of its improvement. Now the blockchain network is extremely slow and transactions takes very much time to get confirmed. It is becoming useless evey day. Hopefully, this problem is solved.

Only stupid people say that bitcoin is useless, bitcoin is the future of the world, it helps us to generate a stable and good income.

Yeah I agree to you that the people who called the bitcoin is useless is idiot person. Bitcoin is our future money and it is not a useless, it is very important in our economy.

Ayiranorea

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Quote from: coerdy on July 05, 2017, 06:04:27 AM

Bitcoin is the advanced technology useful for doing big transactions in a simple way. Some of the people said that Bitcoin is not useful, waste of investing money, etc... Don't think in negative way and research about bitcoin, then you will get an overall idea. Be positive....

Yes, bitcoin has got lots of good than bad. As everything has got good and bad, bitcoin too has got bad in it. People who prioritize the negative part can never be good with bitcoin, because always they have a fear in mind. When it comes to bitcoin one need to believe in it to use it to the fullest and profit.

Xester

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Quote from: coerdy on July 05, 2017, 06:04:27 AM

Bitcoin is the advanced technology useful for doing big transactions in a simple way. Some of the people said that Bitcoin is not useful, waste of investing money, etc... Don't think in negative way and research about bitcoin, then you will get an overall idea. Be positive....

Those who have the guts to say those things against our bitcoin never really know anything about bitcoin. They maybe have no idea about bitcoin and have no guts to try it. Actually maybe they are just being afraid. Well, we do not have to be affected with them with what they perceived with bitcoin. We knew what is the potential of bitcoin as an investment.

BingoDog

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Bitcoin is only useless if you don't know what to do with it and how to benefit the most from all its advantages. To my opinion bitcoin gives a variety of opportunities and options to spend it, invest it and earn on it, both in digital and real world. And if you still find bitcoin useless that it's up to you, not to bitcoin.

coerdy

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Bitcoin is the advanced technology useful for doing big transactions in a simple way. Some of the people said that Bitcoin is not useful, waste of investing money, etc... Don't think in negative way and research about bitcoin, then you will get an overall idea. Be positive....

sunsilk

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Quote from: BigBall on June 11, 2017, 12:50:12 PM

Bitcoin is not useless and it will not be,same like etherum it will be really important in our future and it will change fiat money so there is no worry that bitcoin will destroy us,it can just bring good.

It will not become useless and from the beginning many said that bitcoin is useless and it has been dead for so many times.

There's a lot of people that are trying to catch up with the possible profit that they may get from investing to bitcoin.

Because they understand that it is a supreme crypto currency that can bring them riches in the future.

Kelvinid

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win lambo...

Quote from: ?? on ??

Quote from: Happydd on June 10, 2017, 12:07:07 PM

Quote from: nominee on June 10, 2017, 11:38:31 AM

It was not useless at the very first stages of its improvement. Now the blockchain network is extremely slow and transactions takes very much time to get confirmed. It is becoming useless evey day. Hopefully, this problem is solved.

Only stupid people say that bitcoin is useless, bitcoin is the future of the world, it helps us to generate a stable and good income.

agreed with you, Only nonsense,stupid people can say that bitcoin is useless. Bitcoin changes my life, now i can live a good life proposes of bitcoin. I am a daily user of bitcoin.

Never in my whole life i treated bitcoin as useless.In fact bitcoin has been so useful to everyone.If only all people would discover its potentials,then they would all turned out into loving bitcoin.Bitcoin might help them improve themselves instead.

Topic: Bitcoin is useless or is it? - page 5. (Read 12826 times)