In an effort to confirm several transactions, there are usually very less miners and more transactions to confirm within a short period of time. So you'll need to sacrifice either time or money. Since you've mentioned it's something related to e-commerce business transactions, it's be nice to try offchain payment systems for Bitcoin payments. This way the transactions still get confirmed, but yes, you'll have to pay a fee which could be higher than you'd normally pay. I feel over time, when there are more miners in the market and Bitcoins price increase (Which it is currently), there will be more miners cause of the profit incentive and growth perspective. Considering this, you might at such a point in time notice that more transactions are confirmed quicker possibly at a lower fee. So basically, all of these require time.
Meanwhile, if you're trying to exchange your Bitcoins and accept other crypto currencies I'd suggest going with Monero or Litecoin. Both of these are good public interest and reputation so far.
Topic: I've Had Enough Of BTC - Converting To A New Currency - page 2. (Read 4970 times)
I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
Ethereum will be good choice for payment method on the business, there are some reasons1. ethereum has good price around $130/ETH it is stable price will not losing values
2. The transaction of ethereum is cheap be compared with the fees transaction bitcoin
3. The time of confirmation ethereum is more fast than bitcoin
Here is a nice article printed today concerning both BTC and ETH
Robert Kucharski, Bitcoin and cryptocurrency trader, upholds his confidence in Ethereum as an alternative. “The easiest way, in my opinion, to solve the issue by the community is to sell Bitcoins and use Ethereum,” says Kucharski.
https://cointelegraph.com/news/dirty-politics-responsible-for-confirmation-queues-on-bitcoin-blockchain
I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
Ethereum will be good choice for payment method on the business, there are some reasons1. ethereum has good price around $130/ETH it is stable price will not losing values
2. The transaction of ethereum is cheap be compared with the fees transaction bitcoin
3. The time of confirmation ethereum is more fast than bitcoin
Clear answer to OP: Litecoin. It is the next best alternative, it has been around almost as long as BTC. It is BTC's younger brother. There is a large hashing infrastructure and most exchanges trade it, in large volume.
It confirms fast, low fees...and will always stay like that, due to Segwit/LN plus guaranteed on-chain capacity.
It confirms fast, low fees...and will always stay like that, due to Segwit/LN plus guaranteed on-chain capacity.
NOT RIGHT ANSWER: LiteCoin is heavily manipulated shit by the same army of Chinese miners as BTC is. SegWit was buy rumours, sell news. Unclear roadmap with not commitments. Just make fucking BTC work, without any hardforks, LTC, DOGIE or whatever crap.
Or just use XRP and be happy.
This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
What business model you are talking about? As a merchant you don't have to pay any fees when accepting bitcoin payments.For reference, if you want to implement PayPal and use it as a method for you e-commerce you will need to pay: $30 per month, plus 2.9% + $0.30 per transaction.
Bitcoin is still better than that IMO.
i used ltc the last couple transactions. fast, cheap.
wouldnt go so far as to dump all my btc for ltc though. they each have their uses.
wouldnt go so far as to dump all my btc for ltc though. they each have their uses.
I think even if the fees of bitcoin transactions are very expensive, bitcoin user not leave it and converting all there bitcoin in any other of altcoins, even if altcoins grow, for example like, Litecoin or dogecoins or maybe eth..
Maybe, one day fees will be fixed. but, I think it's normal that bitcoin fees are increase because of bitcoin price. It's a very awesome price 1930$ for 1 btc for now.
Maybe, one day fees will be fixed. but, I think it's normal that bitcoin fees are increase because of bitcoin price. It's a very awesome price 1930$ for 1 btc for now.
The OP seems to be someone who uses it on a he daily basis and that's why I appreciate his complaints unlike some of us who normally hoard them down and hope to profit from selling when the prices shoot up. I think a lot of us are investors and not daily users of Bitcoin.
"obviously most of them are inferior in most ways.." Not true bitcoin is the most simple coin out there. Proof that its success is not base on its tech.
tech is the very last thing any sane person should be thinking about. security, honesty and trust are the most important things. without that all you got is a string of numbers.
start thinking like an adult, not a moon kid.
Not true bitcoin is the most simple coin out there. Proof that its success is not base on its tech.
Bitcoin is simple, correct, but its simplicity is also exactly what people like about it. Seriously, nearly all features that altcoins support are gimmicks. These features are just meant to trap in people believing in something that they will never use. People want to send and receive transactions, speculate, use it as store of value, etc. Bitcoin offers people exactly that. Only point I might agree with is that it (regardless of the fees) takes relatively long for a transaction to settle (confirm). That's what I consider to be the only thing I find that altcoins do better.
I think even if the fees of bitcoin transactions are very expensive, bitcoin user not leave it and converting all there bitcoin in any other of altcoins, even if altcoins grow, for example like, Litecoin or dogecoins or maybe eth..
Maybe, one day fees will be fixed. but, I think it's normal that bitcoin fees are increase because of bitcoin price. It's a very awesome price 1930$ for 1 btc for now.
Maybe, one day fees will be fixed. but, I think it's normal that bitcoin fees are increase because of bitcoin price. It's a very awesome price 1930$ for 1 btc for now.
I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation.
There is something called as scalable architecture.No matter which currency you use,after it grows and has a higher audience it will start having scalability issues.Not only currency,every software model works on the same analogy.It's upto the core developers who they're resolving it without affecting the current functionalities.It's not easy.This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
So paying a higher transaction fee (still low as compared to your traditional payment methods) affects a business model ? 
Nobody is considering any altcoin... nobody
most people are into bitcoin because of the potential riches. there are more potential riches with alts, doesn't matter how crappy they are. don't underestimate greed. it's underpinning the whole thing.
obviously most of them are inferior in most ways. people don't care when they want more dollars.
"obviously most of them are inferior in most ways.." Not true bitcoin is the most simple coin out there. Proof that its success is not base on its tech.
Nobody is considering any altcoin... nobody
most people are into bitcoin because of the potential riches. there are more potential riches with alts, doesn't matter how crappy they are. don't underestimate greed. it's underpinning the whole thing.
obviously most of them are inferior in most ways. people don't care when they want more dollars.
I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
This is one of the reasons why altcoins can survive along with bitcoin. At some point, bitcoins are going to be too expensive.
Nobody is considering any altcoin... nobody
Just scamcoins fans
It's pretty damn simple, all altcoins are copies of bitcoin.Just as they copied bitcoin bitcoin can copy their features.
We're not talking about precious metals we are talking about lines of code.
And those can be changed easily
I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
You can switch to litecoins because their network is very fast and they already activated segwit so it will be a lot faster than before which is opposite on what is currently happening in bitcoin now but if you can wait then i think segwit will be on bitcoin soon, so it is better to wait because if that rumor is true then the price will go up. I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
I don't really care because I use bitcoin a sa savings account, but you can blame miners by not activating segwit.
What you can do is run an UASF node, not much else.
If you want to risk your BTC in other lats, then LTC is the best one. ETH will pump too but I dont like it long term.
I suggest for you to try NEM and Ripple, both coins have the potential and are always on top of the list as one of the top 10 coins currently. But also do a research on the coins too.
You suggest 2 of 3 not mineable coins from the coinmarketcap's first 10 biggest coins list.
Ripple isn't a crypto currency. It shouldn't even be on coinmarketcap. It is like adding Steam money or Paypal USD to the list. And ripple is even worse. Steam and Paypal don't throw any money out of their asses. Ripple does. No hard cap on supply, no mining. They should delist it.
I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
hum!
this could be true if you want to use bitcoin to small payments..
a lot's of coin was bornt to fix this problems...
I mean that now, whit this high values, you risk to pay more for transaction fee than stuff...
think if you should buy a coffe with btc...
no one will buy a cup of coffee with this bitcoin fee!!!
If you want some cryptocurrency that is accepted also in real world and has some value that could be easily turned into real goods and services then bitcoin is your only option. And I beleive that high fees and unconfirmed transactions are not the issues that couldn't be solved. Even if you switch to some other currency I beleive that you will come back to bitcoin.
Definitely,there is no such crypto coins which has the salient features like bitcoin.Thats why bitcoin is still surviving.Otherwise,any other coin would have gone mass adoption and bitcoin would have remained unused.At the moment there is no coin better than bitcoin, in the future, perhaps something will change, but now there really is really no one to replace bitcoin.
If you want some cryptocurrency that is accepted also in real world and has some value that could be easily turned into real goods and services then bitcoin is your only option. And I beleive that high fees and unconfirmed transactions are not the issues that couldn't be solved. Even if you switch to some other currency I beleive that you will come back to bitcoin.
Definitely,there is no such crypto coins which has the salient features like bitcoin.Thats why bitcoin is still surviving.Otherwise,any other coin would have gone mass adoption and bitcoin would have remained unused. Jump to: