Topic: Bitcoin is useless so why high price? - page 15. (Read 4682 times)
Everyone knows about bitcoin. It has a common name and even more, new people in crypto world don't know what does it mean altcoin or cryptomarket, But they know that there exists something called Bitcoin
Real bitcoin use is on high value trade.
Due to its high value. You can carry lesser amount of bitcoin.
For example, purchasing car or luxury items, which cost you few hundred thousands dollar. You don't need bank authentication.
Also safer way to trade due to its untraceable and untaxable by authorities.
This is just a few example bitcoin benefit over Fiat.
It's useless for most of us. But it's doesn't mean bitcoin have no utility besides trading or buying other altcoins.
Due to its high value. You can carry lesser amount of bitcoin.
For example, purchasing car or luxury items, which cost you few hundred thousands dollar. You don't need bank authentication.
Also safer way to trade due to its untraceable and untaxable by authorities.
This is just a few example bitcoin benefit over Fiat.
It's useless for most of us. But it's doesn't mean bitcoin have no utility besides trading or buying other altcoins.
Seems that you lost belief in BTC. You should see the list of coins in the market. BTC still is a leader in this list.
It approves that it has a dominant feature in the market.
It approves that it has a dominant feature in the market.
I would not say that, on the grounds that as I would see it so much discussion about the way that bitcoin isn't required or bitcoin is pointless, this isn't valid. All things considered, bitcoin is the most imaginative cryptographic money, on the grounds that bitcoin brought us blockage, and there were costly commissions, yet in the wake of coordinating lightning into the system, I figure this issue will vanish.
bitcoin is not useless. bitcoin as the oldest coin has proven itself well and a large number of investments are now in bitcoin.
Wow!! I must admit this is actually my first time I have seen such a lost about Btc. I'm actually very young and have not had enough experience with btc but I don't think it is that useless as you are describing it. Perhaps, thatbis one of its flaws of wich many admit. I was thinking we would suggest ways to improve on its setbacks.
Bitcoin has a high price for one good reason: it is the first known cryptocurency and everyone knows about bitcoin, even people who are not in crypto world know what it is
The fate of Bitcoin is basically set. Multi-Billionaire financial specialists and whales that control the market know how to control the cost of Bitcoin. They can soar its incentive to Pluto on the off chance that they so wished, and after that dive it down into the ground. It can achieve higher costs like $20k or even $40k yet what goes up, can and in the long run will go down as well. Simply be mindful when making ventures.
Because Bitcoin Is the first and most popular cryptocurrency now
And Bitcoin Is More Acceptable as payment
I Rarely See A Site That Accept other cryptocurrency than bitcoin
And Bitcoin Is More Acceptable as payment
I Rarely See A Site That Accept other cryptocurrency than bitcoin
Cryptocurrency technologies are constantly evolving and Bitcoin isn't an exception in that matter. Surely, it has some flaws like other coins do but its absolute dignity is the maturity. Despite many perturbations, BTC is still alive because of a high demand for this asset. I think BTC should be treated firstly as a long-term investment rather than just a means of spending.
I do not agree with you that bitcoin is useless just for the fact their transaction fees are higher. Bitcoin has so many other good sides
Bitcoin is so expensive because there is a demand for it. The price of Bitcoin is absolutely market, and depends on the balance of supply and demand on the exchanges.
If bitokoyn dies, all cryptoeconomics, all the crypto currency, all projects, all developments and the entire infrastructure will die. Bitcoin is a father who will grow and strengthen. Of course it can fall but it will not be soon
Since the rise in bitcoin prices, many transaction fees have also increased due to the rise of bitcoin but many have been losing since it dropped substantial amounts.
I think for me the bitcoin is not useless to other users or new here because bitcoin is the first coins in the crypto currency.
I take a gander at BTC as at Dollar. It resembles a dad of all cryptographic forms of money. Indeed, it is moderate, costly and needs parts vitality to be mined, however until further notice there isn't elective coin for this part. No one realizes what we will have tomorrow and if BTC will so imperative as today. In any case, I generally keep 40-half of my portfolio in bitcoin and other part in Altocoins Its not pointless, despite everything it turn out to be great venture. Beyond any doubt it cannot be for every day utilize you know the charges and moderate exchange yet at the same time, its bitcoin the dad of cryptocurrency.and rest soundly night)
It's as simple as ABC, others are believing and investing in Bitcoin while the Unintelligent ones are busy calling it scams.
one can't decisively say that bitcoin is pointless as it can and would be contended by numerous both in the blockchain innovative structure and outside. the utilization of bitcoin is strikingly extraordinary and can't be over stressed henceforth the need to dispose of the conclusion of its pointlessness and that has made the cost increment over these years
Yes, of course you're right. But if you don't like working with bitcoin, sell it and don't deal with it. After all, patience in this case is necessary. And after a while, bitcoin will bring even more money to its owners, and their patience will be rewarded.
At the moment, the price of Bitcoin is supported by its popularity as the first cryptocurrency on Blockchain technology. It is also worth noting a small and limited number of coins, which greatly affects the growth of prices.
Jump to: