Its the name of crypto coins. So bitcoin will have high price forever.
Its now not useless i started to send funds and making transactions. tx fee is not crazy as few months before.
Topic: Bitcoin is useless so why high price? - page 32. (Read 4682 times)
Bitcoin is no where near being useless, just because it has not being accepted as a legal tender and picked up by a lot of countries does not make it useless. bitcoin is the future of currency and as at now, the blockchain technology has already managed to revolutionize transactions as we know it. It is only a matter of time before fiat currency dies out and bitcoin takes over.
The reason is that bitcoin is the first crypto money in the world and the total bitcoin supply is very small. And i think bitcoin not useless. Yes, the transaction speed is unfortunately slow compared to the new coins, but it is not very accurate to only evaluate the bitcoin from the speed of the transaction.
It's really not useless - almost all other altcoins depend on it and follow its increase/decreases.
But the reason for the high price, I think, is because it's basically the first crypto. The king, everyone knows it.
But the reason for the high price, I think, is because it's basically the first crypto. The king, everyone knows it.
The issue is already been solve. Besides bitcoin doesn't need to be very fast if Bitcoin will be a stored of value. It is still cheap and fast compared to banks if you are going to send a large amount of money specially offshore transaction.
I disagree that bitcoin is useless. Yes indeed I have a fairly high price, but if you buy for example today, over time you can increase your amount several times. in addition, you can not buy whole bitcoins, and parts.
because bitcoin is a digital currency that is easily sent or transferred online, and the number of coins is limited, and the system of hacker crime is very tight because it is very expensive bitcoin
Bitcoins are only useless for those who do not really know the bitcoin knowledge. If you are really a bitcoin-savvy, you will find them quite useful and will help you make a big income when entering the cryptocurrency market. Many people know bitcoin berths so the price of bitcoin is higher and they are always highest in the cryptocurrency market.
Bitcoin is a blockchain 1.0, and now all cryptocurrencies have evolved from Bitcoin. It has a certain significance. The position of the boss is hard to change.
When everyone enters the bitcoin economy in a way that they are good at, there will be fewer and fewer leeks, and it will be increasingly difficult to dig pits. Various resources will flow to more mature and efficient applications, investment, and speculation. The Bitcoin economy will take off. At this time, more and more people can earn Bitcoin, save Bitcoin, spend Bitcoin, bitcoin ecology is gradually complete, Bitcoin's legal currency price is not so important.
Bitcoin is the first type of distributed virtual currency. The entire network consists of users and there is no central bank. Decentralization is the guarantee of bitcoin security and freedom. Bitcoin can be managed on any computer with Internet access. No matter where you are, anyone can dig, buy, sell or collect Bitcoin. Its payment and trading are very advantageous. How can it be useless?
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.
Sir the weakness of someone or something doesn't define useless! You should understand that because even you has a weakness and so everybody has, bitcoin is created by someone who has weakness meaning not perfect so expected already but over all, bitcoin is doing good. 
Because it is the most famous crypto and the front face of crypto to the world. People may not know about cryptocurrency and blockchain but they know about bitcoin because that's all the media has been reporting. Bitcoin is useless as a currency but it still has the function as a digital asset, similar as gold and the fact that the number is fixed makes it even better. It's a simple supply and demand theory, with more demand of course the price will increase.
Let them sell cheap as long as they consider it's a smart move. No words could help, only money loss will.
Bitcoin is not useless
What other coin besides eth can you freely convert to fiat?
What other coin can you actually use to purchase real life services and products?
What other coin has a proven history of success and still continues to grow?
And the last one, what other coin is the entire crypto market value based on?
While bitcoin doesn't scale well, your own personal problem is that you have so very little of it.
If you are serious about trading crypto, you can't just have a couple hundreds pounds invested and expect to get anywhere.
What other coin besides eth can you freely convert to fiat?
What other coin can you actually use to purchase real life services and products?
What other coin has a proven history of success and still continues to grow?
And the last one, what other coin is the entire crypto market value based on?
While bitcoin doesn't scale well, your own personal problem is that you have so very little of it.
If you are serious about trading crypto, you can't just have a couple hundreds pounds invested and expect to get anywhere.
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.
I think this is a big issue for Bitcoin. In order to protect the benefits of the absenteeism, this is the decision of the Bitcoin team. They can choose to expand their block capacity and reduce transfer fees like bitcoin cash. But the Bitcoin team did not do this.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.
I think this is a big issue for Bitcoin. In order to protect the benefits of the absenteeism, this is the decision of the Bitcoin team. They can choose to expand their block capacity and reduce transfer fees like bitcoin cash. But the Bitcoin team did not do this.
I don't think bitcoin is useless. If bitcoin is useless, how much more the other tokens? Bitcoin was not useless. Every time a new token will out, what is most demand for investing in ICO, bitcoin right ? You will use bitcoin to exchange for the ICO token.
Its high because it has mass adoption and everyone is hearing about it, the media are just talking about bitcoin and every man and his dog is learning of it. A lot see it as a scam/ponzi while the one with more knowledge are seeing it as a way to move money about without problems at the boarders.
Bitcoin will be die some day, but what we cannot really know now is that what coin will take place of bitcoin.
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