Bitcoin provides investment opportunities. Bitcoin bridges will always increasing it's value within the financial sector. Bitcoin solves the issue for the normal transaction like slow transaction which normally is as a result of the delay by third hand. Bitcoin will help transaction across the wordwide within seconds.
bitcoin or crypto currency was created by using technological advancements and technology and is certainly fast practical and useful because it is needed in the development and technology and will help in the economic field 
Topic: The problem bitcoin solves (Read 948 times)
I think that this year really can solve the problem of scalability and this should really affect the speed of transactions and their price. Perhaps the cost of transactions in the Bitcoin network greatly affects Bitcoin pricing, and therefore we have results that were in 2018. At least ethereum copes with this problem successfully, but I would like Bitcoin to do the same.
This time the cryptocurrency market is really prospering and I believe this is a very good signal to push the market to grow stronger in the future. Many large investors have returned to the market which is reflected in the strong volatility in the past few weeks. I believe that things are getting better and better and investors can get their profits. I think that this year really can solve the problem of scalability and this should really affect the speed of transactions and their price. Perhaps the cost of transactions in the Bitcoin network greatly affects Bitcoin pricing, and therefore we have results that were in 2018. At least ethereum copes with this problem successfully, but I would like Bitcoin to do the same.
maybe technically the development of crypto or altcoin currencies depends on the investor itself and positive news and interest in investing in crypto currencies needed in the development of confidence and patience are the main capital 
I think that this year really can solve the problem of scalability and this should really affect the speed of transactions and their price. Perhaps the cost of transactions in the Bitcoin network greatly affects Bitcoin pricing, and therefore we have results that were in 2018. At least ethereum copes with this problem successfully, but I would like Bitcoin to do the same.
Bitcoin solves many financial problems especially those related to financial transactions. Bitcoin grants its users the power to own control over their financial lives via its decentralized platform where there is no third party interruption in transactions. This facilitate fast and secured transactions.
Bitcoin is not the best solution to be used in financial services.
In this industry we need a reduced response time and bitcoin blockchain is very slow to do that.
Having said that, if we need to solve problems in the financial industry we need a faster chain that will execute transactions faster than the currenct state of bitcoin chain.
And what other chain to be used aside from Bitcoin? Maybe not now that we can have as faster response time on our transactions than bitcoin, but alteast some individuals believed in Bitcoin financial help.
Bitcoin solves many financial problems especially those related to financial transactions. Bitcoin grants its users the power to own control over their financial lives via its decentralized platform where there is no third party interruption in transactions. This facilitate fast and secured transactions.
Bitcoin is not the best solution to be used in financial services.
In this industry we need a reduced response time and bitcoin blockchain is very slow to do that.
Having said that, if we need to solve problems in the financial industry we need a faster chain that will execute transactions faster than the currenct state of bitcoin chain.
Bitcoin solves many financial problems especially those related to financial transactions. Bitcoin grants its users the power to own control over their financial lives via its decentralized platform where there is no third party interruption in transactions. This facilitate fast and secured transactions.
Bitcoin is not the best solution to be used in financial services.
In this industry we need a reduced response time and bitcoin blockchain is very slow to do that.
Having said that, if we need to solve problems in the financial industry we need a faster chain that will execute transactions faster than the currenct state of bitcoin chain.
Bitcoin solves many financial problems especially those related to financial transactions. Bitcoin grants its users the power to own control over their financial lives via its decentralized platform where there is no third party interruption in transactions. This facilitate fast and secured transactions.
If we are talking about a limited amount of cryptocurrency, then problems can be solved only with the help of the price of Bitcoin. if the price of Bitcoin is increased higher than $ 20,000, and it is possible to even give a few hundred thousand dollars, then Bitcoin may be enough for everyone.
I believe bitcoin can solve everyone's problems, even for rich people as well, there are tons of altcoins as well as bitcoin so that idea of "only 21 million limited" is bull shit these days, if bitcoin gets too big then ethereum will follow and litecoin too so when there is 50 trillion worth of 50 coins that doesn't make it limited at all and then rich people and poor alike can use crypto currencies all globally to connect to each other.
Internet managed to make the world smaller, I can speak with people from all over the world and I can read stuff people put online anywhere in the world, bitcoin and crypto is solving that financially, bringing people together financially is the next step towards making us a union of humans instead of each nations, with enough interest towards bitcoin and alts we can finally reach that.
Bitcoin may give that stability, it depends on your profession and if you can do it remotely. For example, a coder living in Nigeria and very good at his job can only earn so much in Nigeria, he can't make thousands of dollars a month because nobody can afford to pay him that much. Still, if he is good at his job and finds a remote work and works for bitcoin as well globally than he can write codes for an american company and make thousands of dollars per month, an american company paying like 2 thousand dollars per month to their coder will find it cheap because good coders in USA is usually 5k or more monthly whereas Nigerian will be feeling rich with just 2 thousand. That is bad for the Americans but good in the global sense of what bitcoin is bringing to the table. Internet managed to make the world smaller, I can speak with people from all over the world and I can read stuff people put online anywhere in the world, bitcoin and crypto is solving that financially, bringing people together financially is the next step towards making us a union of humans instead of each nations, with enough interest towards bitcoin and alts we can finally reach that.
I believe bitcoin can solve everyone's problems, even for rich people as well, there are tons of altcoins as well as bitcoin so that idea of "only 21 million limited" is bull shit these days, if bitcoin gets too big then ethereum will follow and litecoin too so when there is 50 trillion worth of 50 coins that doesn't make it limited at all and then rich people and poor alike can use crypto currencies all globally to connect to each other.
Internet managed to make the world smaller, I can speak with people from all over the world and I can read stuff people put online anywhere in the world, bitcoin and crypto is solving that financially, bringing people together financially is the next step towards making us a union of humans instead of each nations, with enough interest towards bitcoin and alts we can finally reach that.
Internet managed to make the world smaller, I can speak with people from all over the world and I can read stuff people put online anywhere in the world, bitcoin and crypto is solving that financially, bringing people together financially is the next step towards making us a union of humans instead of each nations, with enough interest towards bitcoin and alts we can finally reach that.
In other words, if you are sending 1M dollar worth of Bitcoin, you can typically wait and you can pay (actually, if you pay, you don't have to wait)
People moving values of that order will pay up for the fees without a problem, and we're seeing that already-- multi million dollar transactions are sent with fees ridiculously higher than the recommended fee.It makes sense as well because when you're about to settle a transaction with someone, you don't want to be a cheapskate by including a low fee while a dump would wipe out like $100k of your transaction value in minutes.
It's better to 'lose' $10-$15 in fees and have your transaction included in a timely manner than to lose a lot of value due to a dump because you were trying to save a few bucks
That's the whole point
Bitcoin has become an asset which only rich and superrich can have (think the Berkshire Hathaway stock of Warren Buffett fame here). An interesting development is that Lightning Network is not going to help in any meaningful degree simply because deep pockets obviously don't mind paying an extra couple of bucks if they need to, while the rest of the the pack should look elsewhere (read, in altcoins). To sum it up, Bitcoin is not for the regular 8/17 folks anymore. But you can buy Bitcoin Cash if you want some bitcoins ("Bitcoin for the masses")
In other words, if you are sending 1M dollar worth of Bitcoin, you can typically wait and you can pay (actually, if you pay, you don't have to wait)
People moving values of that order will pay up for the fees without a problem, and we're seeing that already-- multi million dollar transactions are sent with fees ridiculously higher than the recommended fee.It makes sense as well because when you're about to settle a transaction with someone, you don't want to be a cheapskate by including a low fee while a dump would wipe out like $100k of your transaction value in minutes.
It's better to 'lose' $10-$15 in fees and have your transaction included in a timely manner than to lose a lot of value due to a dump because you were trying to save a few bucks.
Bitcoin is not really solving any of those problems as you have mentioned. I only think the problems that cryptocurrency can solve is transaction; making transactions cheap and fast. That’s the only thing I know for now and nothing else. And for those saying it’s helping struggling economies, lolzzz… I just laugh when I see people post such comments. I live in one of these countries with bad economy and bitcoin Is helping. So stop saying what you don’t know. Bitcoin is even expensive here and most people can’t afford to invest in it, cause it’s too much. If you’re going to say Bitcoin is helping bad economies, then you should be ready to state how it does that.
We are at an age where you can send money to your friend in a second via digital banking right now and we are here talking about how it is awesome for bitcoin to send a 30 dollar to someone in another country in 6 hours with 5 bucks transaction fee. So that used to be the best thing about bitcoin because it was less than 30 minutes and cost only few cents, nowadays the investment part is getting more attention because just recently we have moved %200+ upwards in the past 3-4 months, that is why the problem bitcoin solves changes all the time
Altcoins are solving this problem
I mean moving wealth around in a cheap and fast way without having to deal with banks. With that said though, to solve a problem we should have a problem in the first place, right? But sending wealth with Bitcoin was hardly a problem on a large scale, though I definitely understand the frustration of having to pay exuberant fees and wait for hours till your TX gets confirmed. Another question is whether altcoins are suitable for moving big wealth, but that's exactly where Bitcoin fees and transaction times become mostly irrelevant. In other words, if you are sending 1M dollar worth of Bitcoin, you can typically wait and you can pay (actually, if you pay, you don't have to wait)
There is a big difference between using bitcoin as a payment globally and using bitcoin as investment. First of all the global payment thing is awesome but it is becoming worse and worse, the blocks are more heavy, the transactions cost more and the times are getting worse as well.
We are at an age where you can send money to your friend in a second via digital banking right now and we are here talking about how it is awesome for bitcoin to send a 30 dollar to someone in another country in 6 hours with 5 bucks transaction fee. So that used to be the best thing about bitcoin because it was less than 30 minutes and cost only few cents, nowadays the investment part is getting more attention because just recently we have moved %200+ upwards in the past 3-4 months, that is why the problem bitcoin solves changes all the time.
I get your point clearly and I understand the feeling when you see what the transaction in bitcoin is turning to as regards fee, but that should not be issue for us that much, because we have many alternatives that we could use to send money for payment and also to our loved ones without much fees. We are at an age where you can send money to your friend in a second via digital banking right now and we are here talking about how it is awesome for bitcoin to send a 30 dollar to someone in another country in 6 hours with 5 bucks transaction fee. So that used to be the best thing about bitcoin because it was less than 30 minutes and cost only few cents, nowadays the investment part is getting more attention because just recently we have moved %200+ upwards in the past 3-4 months, that is why the problem bitcoin solves changes all the time.
It is not uncommon for bitcoin to really get high in transaction fee, most especially now that the value in becoming very high, and there is more traffic on the network, so we should expect this at this period, at least when bitcoin was still down, it was not like this, and I don’t think this is how it will remain forever. This high cost is just a matter of time, and we have other coins that can serve same purpose like Ethereum and others. There are still so many problems bitcoin solves that is just more than the payment part of it too.
Bitcoin just not resolve dealing with transactions using peer-to-peer system. We are using bitcoin because it is the most efficient way to buy goods and send money along international borders. In addition, it is made also as a key to be profitable. Many investors are putting their capital in bitcoin because they know that holding it for long term will make a big result that might change to their lives. That is why I say that bitcoin is life changer.
I don't know if we have the same standard on Bitcoin being the most efficient way.. the high volatility of Bitcoin stated otherwise, the long confirmation period for it to be accepted by the payment platform is another thing especially when we accidentally set our tx fee to substandard. It will sit from days to weeks of being unconfirmed. I think there are lots of improvement needed by Bitcoin to help solve the problem stated by OP in a large scale. Though, it is somehow life changer because those who are able to take advantage of the new start-ups booming around this cryptocurrency will definitely get a huge profit but alas, it is not open to all masses because only a certain qualified individual can be able to do it.
Bitcoin is a big help to solves the financial problem from many people who are unemployed or no regular work, through bitcoin they can earn huge of profit and maybe bitcoin can change your lifestyle in the future and it can help to boost the economy in every country.
I wouldn't agree more.
And on top of that, it solves inequality patterns that exist among the people that live in poverty and those who don't.
It provides a gateway for people especially who live in the African continent and struggle to find ways of adding a small income to their pockets.
I just realized that bitcoin is not actually solving a problem, it is actually giving you an option for something that already exists, you actually do not have a "problem" but a hard way of doing something and bitcoin shows an easier way of doing it.
I know people want to talk about money and I can understand that, for example dollar will lose its value because of inflation and everything will be more expensive in the future but your salary will be higher as well, making 100k a year would be insane in 1920 for example, that would yield you like 50 houses a year or something, but today it is like an okay earning depending on where you live in USA.
However, what I believe is the true purpose is always the transactions and sending/receiving money with bitcoin actually makes things just "easier" , it is not solving the a problem because you can still do it without bitcoin anyway, it is just making it simpler.
I know people want to talk about money and I can understand that, for example dollar will lose its value because of inflation and everything will be more expensive in the future but your salary will be higher as well, making 100k a year would be insane in 1920 for example, that would yield you like 50 houses a year or something, but today it is like an okay earning depending on where you live in USA.
However, what I believe is the true purpose is always the transactions and sending/receiving money with bitcoin actually makes things just "easier" , it is not solving the a problem because you can still do it without bitcoin anyway, it is just making it simpler.
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