Bitcoin is useless so why high price? - page 3.

Dingdong7

member

Activity: 138

Merit: 15

Quote from: fred22 on December 30, 2017, 06:07:14 PM

Bitcoin is very slow transaction and fee is rediculus then why people bother buying it or considering it. I have £130 of bitcoin and I want to move it and it is asking for £28 network fee. Why should people bother having it. I can't wait to get rid of it when the fee is low.

Bitcoin is widely used as a major trading pair, most alternative coin follows the track bitcoin is going. It is one of the best established coin that gain tremendous demand in the market, bitcoin might have some flaws but we could not deny that it is still more better to use since it is more secure and stable than any other new release coins. Bitcoin has great community compared to other altcoin, this only mean that it has it's use.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Bitcoin can become a universal currency if the project manages to improve technically, ideally, an instant transaction confirmation speed is needed, otherwise its price in the market will not grow as fast as we would like.

Inspiron14

full member

Activity: 1064

Merit: 101

Quote from: fred22 on December 30, 2017, 06:07:14 PM

Bitcoin is very slow transaction and fee is rediculus then why people bother buying it or considering it. I have £130 of bitcoin and I want to move it and it is asking for £28 network fee. Why should people bother having it. I can't wait to get rid of it when the fee is low.

People's mindset is different, many buy bitcoin as a long-term investment. Most of them were tempted by the increase in prices last year. But again the bitcoin price movement is unpredictable, and I also appreciate those who sell it cheap because they are tired of waiting too long.

segotiwul

member

Activity: 322

Merit: 10

bitcoin is not useless but bitcoin coin is now a step and rarely its users and coins have a high value because this coin is first known and has a good project so the selling price remains high.

Exort23

jr. member

Activity: 131

Merit: 6

Quote from: fred22 on December 30, 2017, 06:07:14 PM

Bitcoin is very slow transaction and fee is rediculus then why people bother buying it or considering it. I have £130 of bitcoin and I want to move it and it is asking for £28 network fee. Why should people bother having it. I can't wait to get rid of it when the fee is low.

Bitcoin is not useless... because he is the king of cryptocurrency, Yes! you can blame bitcoin because it was so stable and not having a big pump. Having a slow transactions, and big fees.. I figure it out when i buy bitcoin, so i think they will reduce the fee to bitcoin and also in the marketplace fee transactions.

Zythiphill

jr. member

Activity: 308

Merit: 1

Free Crypto in Stake.com Telegram t.me/StakeCasino

Fees are of course high, but bitcoin plays a key role in the cryptocurrency without it there would be no cryptocurrency, so bitcoin will be in the lead for a long time!

1cak

member

Activity: 364

Merit: 10

actually the benefits of bitcoin are very unique, and many investors fall in love with them, they see that bitcoin is the answer to future problems

Nikolas_the_Wonderworker

jr. member

Activity: 238

Merit: 1

Bitcoin showed that it is a reliable depository of the coin itself. Try to compete with Bitcoin through innovation and the development of new features to improve and outperform Bitcoin. I think there is no such competitor.

^BuTcH^

full member

Activity: 671

Merit: 103

Moni

Yeah, this issue existed back in december,but now it is completely different story! Nobody is complaining here, transaction fee was reduced and now it is ok, so don't blame on BTC.
In any case there are another functions despite money transfers

spngebob

sr. member

Activity: 770

Merit: 254

Quote from: Fluxtorrence9 on October 24, 2018, 03:05:08 AM

Slow transaction and high withdrawal fee are main problem plaguing bitcoin but that doesn't mean its useless , bitcoin is one of the best coins out there that are stable now and I'm future in the future we might see soft upgrade that will fix the high sending fees

This is not topic about withdrawal fees and topic is outdated. It started when bitcoin was at ATH, network spammed and we had very high fees.
If you only try to send transaction you will see that fees are very low. Slow transaction is problem, sometimes it takes 1 minute for confirmation and sometimes 1 hour but I don't see that as a problem at all. What has to be so urgent and could possible happen while you are waiting transaction to confirm, it is not our life is depending on it.

futuristishe

full member

Activity: 420

Merit: 100

Why is he useless? After all, bitcoin is not just a coin. It is held by other coins, and they are signed by their projects. Like a Dollar. That is, the dollar sets the course for the center, but the center reinforces the dollar. Here, too, most is happening. Bitcoin sets the rate to other coins, but he himself is fueled from coins that have their value from the projects that had been left in the light after ICO. TUI's closed!

tridverju

copper member

Activity: 84

Merit: 0

I also cannot understand, why people are trusting in Bitcoin. There are so much great altcoins at the moment as NEO, IOTA, XLM and so on. Ethereum is also one of the best coins that was created but the price is around 200 USD. Invest in altcoins and one day they will overcome BTC.

sinkfish

jr. member

Activity: 252

Merit: 1

Bitcoin serve a big role on crypto market. it serve as the gate way to crypto market. no matter how unuseful compare to altcoins. but in order to buy altcoins, you must go through Bitcoin. hence elevate the status to king of crypto.

LoadingPage

newbie

Activity: 80

Merit: 0

Quote from: daviidalpert on October 24, 2018, 02:54:27 AM

BTC is the first cryptocurrency.It has a very important position in this market.Although its transaction cost is very high.Although its transaction cost is very high.it is recognized and traded in many places.

yes the position of Bitcoin is important in the market, Bitcoin has the highest value and always occupies the top position in Crypto. he is the most expensive and widely sold coin on the exchange, and many get profit from Bitcoin. he will always be needed and he will rise again so that his value can be high again.

Fluxtorrence9

member

Activity: 336

Merit: 12

Slow transaction and high withdrawal fee are main problem plaguing bitcoin but that doesn't mean its useless , bitcoin is one of the best coins out there that are stable now and I'm future in the future we might see soft upgrade that will fix the high sending fees

daviidalpert

sr. member

Activity: 448

Merit: 250

BTC is the first cryptocurrency.It has a very important position in this market.Although its transaction cost is very high.Although its transaction cost is very high.it is recognized and traded in many places.

MikeP243

copper member

Activity: 30

Merit: 0

You know how the monetary system works right ? Banks, Tax Departments, Governments, all that political nonsense ?

You would know that for all that to work they have to borrow money that doesn't exist and the only person that can borrow on debt is the Federal Reserve, basically long story short they keep making money out of thin air whilst having an even higher debt repayment than before the last borrow (IOU) amount.

Bitcoin has a hard cap of 21 Million coins to ever exist (20 Million and less if you discount satoshi 1M and lost + burnt coins, no more coins will be created after 21 million have come into existence, every 4 years the reward for mining is halved, eventually miners will power the network in reward for transaction fees (When this time comes there will be many transactions going on to make it viable for a miner)

General Supply and Demand Scenario...

This sounds like Gold doesn't it ? well it is but digital + better, bitcoin is the Pioneer of the scene so it would make sense to go to #1

This is only the beginning as there is much more of a ride for generations to come Cool

nepeso

member

Activity: 294

Merit: 10

In many ways, BTC can really be compared to the dollar. After all, he is a confident leader, the king among all cryptocurrencies. Most transactions occur with the use of BTC, it causes more confidence and interest among potential investors.

smoker36

full member

Activity: 406

Merit: 100

I am fully confident that today a similar situation in the crypto market is completely logical. Since BTC today is the main, the first cryptocurrency in the modern crypto market. I believe this is the most reliable coin for profitable transactions and long-term investments.

EducoinVietnam

member

Activity: 420

Merit: 10

I believe that BTC is really of great importance for the modern crypto market. It becomes the main currency for modern digital transactions, with benefits for users, financial institutions and potential investors.

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