How can we suggest bitcoin to people after this?

foxbat

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Quote from: KesoNie on June 10, 2017, 09:17:41 AM

Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

we can explain to them that, it is not bad to have a transaction fee for fast transaction every kind of bussiness has it too, just tell them that do not mind all day the transaction fees just work harder for us to get our salary in bitcoin more bigger and we can save more in bitcoin and when we need to withdraw we will not problematic about the fees.

Explaining to people about bitcoin is easy, but to trust them and use bitcoin, it is a very difficult task, although bitcoin has a lot of potential and advantages to develop, but it is still a co Virtual money, very few people trust it, they are always afraid of its existence, and it can collapse at any time.

KesoNie

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Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

we can explain to them that, it is not bad to have a transaction fee for fast transaction every kind of bussiness has it too, just tell them that do not mind all day the transaction fees just work harder for us to get our salary in bitcoin more bigger and we can save more in bitcoin and when we need to withdraw we will not problematic about the fees.

magmar

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Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

Meanwhile in our country, we get comission of 5% percent from what we have purchased with bitcoin. I'm using it to purchase load, pay bills, send money for someone wothour fee. Don't be negative since bitcoin would be less fee if local exchangers has been built i your country.

ImHash

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There is alternatives to bitcoin, one of the legit coins is LTC which every bitcoiner somehow has investment in it as well, when there is no controlling force, no authority to take matters under control, when the whole network is decentralized it mean no one actually can do anything other than miners.
You'll have to either use alternatives or try to do less transactions in bitcoin. Besides no one guaranteed this to be a favorable cryptocurrency.

soul-impact

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Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

Bitcoin has done everything well up until now, as the number of users has increased, it has overwhelmed, now it can not meet the needs of people across the country, so it needs Major changes to continue to evolve, however, have not yet been unanimous as the bitcoin core has consistently refused to take action. It's bad if this continues

nuela

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Blocklancer - Freelance on the Blockchain

A lot of problems are happening to the world but all there are here that have high transaction costs that are not fast, I am quite pitched as a normal person that all that does not have to rush and should not wait for high fees to send transactions.

Rahar02

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Bitcoin has small chance to be used as a currency right now due to this problems, but who knows how much people still use it that way, maybe in Netherland or in Japan. But we do know for sure mostly people don't use bitcoin as an alternative currency instead of using it as trading object or store of value. Untill this unconfirmed transaction be resolved, we don't have any other option just hold your bitcoin and use it as you want, no need to suggest bitcoin to people who don't want to.

hello_good_sir

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Quote from: myternity on June 09, 2017, 09:23:03 PM

Well, I can successfully suggest bitcoin to my trading friends

Indeed, trading I'd still an integral part of the bitcoin ecosystem no matter how you look at it. Basically everyone that uses bitcoin will have at least speculated on its price or other altcoins concerned during their bitcoin career. And this aspect of bitcoin is not as affected as other areas by the rising transaction fees, such as faucets and micro earnings sites who have to process significant amounts of inputs and outputs in a single day.

I'd also argue that bitcoin is still a good long term investment no matter what transaction fees are. Because as long as you save up enough bitcoin in your wallet. These people in Venezuela for example is currently experiencing high inflation. Holding bitcoin would be an excellent way to hedge against the ever depreciating national currency.

Blind Legs Parker

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Quote from: shield132 on June 09, 2017, 12:21:28 PM

It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic?

If bitcoin is too expensive to use as a currency, why not just stop using it as a currency? I have stopped paying for my beers at the pub with bitcoin (but yes, I used to: there's a pub in my city that accepts bitcoins), unless they specifically give discounts on that day for bitcoin users and it covers the cost of the fees (which actually happened recently in said pub).
Yet I haven't become bearish regarding bitcoin. It doesn't need to see mass adoption to have value. Look at gold. Who actually uses gold? Not me. And clearly not a lot of people if "using" means "transaction with". Yet gold is a couple hundred times more expensive than bitcoin. The catch here is that gold is a store of value. Its value lies in the very fact that it won't fall too much even if it has to go south. And guess what: bitcoin is also a store of value.

Bitcoin doesn't need to be used for transacting by the whole planet to have value. In fact, no one could use it for transactions that it would still have value. Ergo, high fees just mean a different conception of bitcoin from yours, not that "it is bound to die soon and that whatever shitcoin will take over".

shine1123

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🤖UBEX.COM 🤖

Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

It's really high fee for low amount transaction like $10-$30 but it's still low fee if your transaction is around $2000+. It's really fuck up though, the miner takes a high fee for that. Actually we can still attract new people to stat using bitcoin without tell them about the fee tho. I'm sure someday the fee will decrease.

Windpower

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Quote from: Iranus on June 09, 2017, 01:13:10 PM

Quote from: bouren on June 09, 2017, 12:31:36 PM

Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

If we tell people that if they receive payments in btc, there money will increase overtime, isn't that fantastic. This would kill fees pain to some extent.

That's an absolutely terrible idea. You risk losing family and friends for giving them investment advice without even using tentative terms.

If people's only aim when receiving Bitcoin is for the price to increase, then there are no fundamentals and that situation sure as hell couldn't last forever.

Yeah. That completely ruins the point of having a decentralized currencies. We shouldn't be telling people that they are just going to be making money, we should let them know that they get to manage their money and don't need to use a bank.

jerowacik

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Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

This is indeed a serious problem, because the amount of fees must be increased in order to facilitate the delivery. But if you tell them that bitcoin can be used whenever and wherever, they will be interested and start using it. Other than that also tell that bitcoin can be used as a very profitable investment.

myternity

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Yo!

Well, I can successfully suggest bitcoin to my trading friends

Yuuto

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Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

Agreed. Although it is hard now to introduce the idea of bitcoin to others since transaction fees are so high you can't really say "you can send money anywhere to anyone for virtually 0 fee" because that would be the biggest lie of the century, there are still uses for bitcoin.

-Sending money overseas is still cheaper with bitcoin than with bank transfers even with this high of a fee
-Buying stuff from sites without giving them your credit card details.
-Store of wealth for the long term.

Dmitry.Vastov

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High miner fee is killing me. How can i transfer a few bucks when the fee is higher than the fee that i would like to transfer? I guess it's time to find alternative way to send my funds with fast and cheaper at the same time. Maybe litecoin or something faster. Using bitcoin is getting harder and harder these days. They should make a step for this. This couldn't attract many people except to those rich and willing to buy and use it.

Chin Cheng

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Quote from: shield132 on June 09, 2017, 12:21:28 PM

snip

Bitcoin and the underlying technology behind bitcoin is still wonderful,i think satoshi did not develop this thinking it will be mass adapted so soon and he might have thought that he could upgrade the network if there is a need,but some things have pushed the real creator into oblivion and we still debate which is the best upgrade to change the situation.When everyone comes to a general consensus then we will have a network upgrade and the issues will be solved until we reach another rush of new users into bitcoin.

LTU_btc

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Slava Ukraini!

This is one of the most important current problems of bitcoin. Recently I don't even try to introduce people into bitcoin, because there are not many bitcoin benefits against traditional banking systems and electronical cash. For example, bank transfers are cheaper and in mostly cases faster. Now I think lot of new people investing into bitcoin just to hold it and wait for price increase, but not to use as money. I agree to mind above that now bitcoin swinging from currency to a form of investment.

xuan87

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Bitcoin slow transaction and high fees has become a classic problem and some of the solution hasn't solve this problem yet, eventhough for now it is not really effective to be used as currency but it is still a good investment and it can be used as trading currency
the problem of fee and speed need to be solved immediately, if obstacles still around,it will be difficult for bitcoin to be used as currency

n691309

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Quote from: valvevow on June 09, 2017, 06:00:33 PM

Quote from: n691309 on June 09, 2017, 05:56:36 PM

Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

For low value transaction it really doesn't worth, much cheaper are the other cryptocurrencies like ethereum or doge which charge almost nothing compared to bitcoin which is very expensive now. If we transfer a high amount of money $100, 1000+ then I think that it worth but it's not like before, now people will think twice before making any transfer.

In this matter, more precise amendments are needed, otherwise people will really not want to use Bitcoin, because of expensive transactions and therefore one must look for a way out in this situation. Because we will lose the popularity of Bitcoin in the future.

We see that even though the transaction fees are much higher than before the number of transaction is still high, the number of unconfirmed transaction is also high enough, this because of the bitcoin popularity. But if this will not get lowered/fixed then we will see a slightly decrease of bitcoin popularity or slightly a lower number of bitcoin transaction within 24 hours.

valvevow

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Quote from: n691309 on June 09, 2017, 05:56:36 PM

Quote from: shield132 on June 09, 2017, 12:21:28 PM

We all know how wonderful was bitcoin at first, fast mining and fast confirmations. But now will new people in crypto start using bitcoin? Fees are so high, very bad, it's only for 2000$ and higher transactions because of it's high fees. It's useless for normal transactions because why the hell will I use bitcoin if I want to pay something, for example paying 10$ for mobile network when I have to pay additional bitcoins fee which is nearly 2$? Is there any logic? If I want to start bitcoin business, how can I tell people that it's good? If I say so, than this will be 100% lie. Bitcoin don't gives us opportunity to spread it worldwide because it sucks now. It's now good for rich people and darknet users, not for someone who wants to use it as an alternative of real money.

For low value transaction it really doesn't worth, much cheaper are the other cryptocurrencies like ethereum or doge which charge almost nothing compared to bitcoin which is very expensive now. If we transfer a high amount of money $100, 1000+

In this matter, more precise amendments are needed, otherwise people will really not want to use Bitcoin, because of expensive transactions and therefore one must look for a way out in this situation. Because we will lose the popularity of Bitcoin in the future.

Topic: How can we suggest bitcoin to people after this? (Read 1308 times)