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Topic: The reason that keeps me from investing in bitcoin (Read 15401 times)

member
Activity: 602
Merit: 10
Actually im not yet doing investing bitcoin because i have not yet enough coins for it but if time comes that i have it i invest because it is the best thing to do because bitcoin is always increasing not only today but i know i the ling run
newbie
Activity: 10
Merit: 0
This is why I switched a bunch of m investments to ETH, when BTC crossed $8000. I'm still holding BTC, but I also see tremendous potential in ETH in terms of the DApp ecosystem that's in the works. Projects like nucleus.vision, Leverj, and Universa, are pretty exciting, but I'm not sure if I should be making investment in them right away. Maybe in a little while, though.
newbie
Activity: 20
Merit: 0
It will probably be more expensive in 1 or 2 years.

As for the big fees, I agree. They are too high right now.
newbie
Activity: 1
Merit: 0
But bitcoin won't be the money you use to buy your sandwich with those fees!   Roll Eyes
sr. member
Activity: 1526
Merit: 332
Bitcoin is actually more suited to be an investment rather than a day to day currency. I still suggest you to buy some and hold them instead of using them, and treat them as 'gold'.

If services like fast food restaurants decides to use Bitcoin as a payment method, maybe they can come out with a method that allows for no fees between accounts, but this is just a suggestion.

Existing methods including Bitcoinpay, but it still charges a fee of 0.8%, not completely free. Undecided

Yeah, right now I think bitcoin is more advisable to be used as a form of investment instead of a regular currency to buy daily needs such as food. In my opinion it is a waste to spend your bitcoin as soon as you got them, they would earn more and you would get the most of them by holding and waiting, then after selling it and earning your profit you can easily exchange it with a fair amount of fee to your regular cash.
Precisley, I think bitcoin has made for that purpose such as trading and investment. It will be a waste if you are just using it in daily expenses because bitcoin is too much high. Bitcoin will be worth if you will invest upon it and because time to time its price becomes more higher and higher.
sr. member
Activity: 615
Merit: 258
There are some reasons why i am keeping my self to continue to invest into bitcoins is that it is one of the easuest ways for me to earn money for living another thing is in investing to bitcoins it is a home based work or you cab easily bring your work outside it also helps me to know what are the new updates here in the bitcoin market.
newbie
Activity: 11
Merit: 0
Fees are only a problem atm. If your intent is to invest in Bitcoin and hold, then you won't have a problem, because the fees will come down once the network manages to scale. This is a recurring problem with cryptocurrencies, and will be solved once the currencies mature. But if you really don't want to invest in Bitcoin, try Ethereum instead. Not only is it faster, with lower fees, but it also has the potential to become a stronger currency than bitcoin, since it also functions as a network that you can build a decentralised application on.
member
Activity: 65
Merit: 10
The reason why I keep my investment from their company and management is the excellent service they provide to their customer.
They just not only a simple company whose main goal to earn profit but they know how to value each customer.
full member
Activity: 146
Merit: 100
Apart of having a feeling of patriotism, that virtual currency are providing employment to millions, I have my personal reasons that keeps me investing into the bitcoin  is its continuously inflating valuation and with the surety that it would inflate in the future too. Moreover a decade later, these digital currency are the future of finance and banks would also starts issuing bitcoins and they would be centralized by the government too. These reasons are few of many and worth enough to encourage anyone to keep investing into bitcoin.
full member
Activity: 378
Merit: 100
Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you Smiley


There are so many reason why we should keep investing in bitcoin but for me earning a large amount of money is the main reason why we should keep investing in bitcoin. They keep investing because the price of bitcoin are still increasing so when the price of it are increasing they salary will increase to.
hero member
Activity: 840
Merit: 500
Of course the price of bitcoin. bitcoin price is increasing. This is the best way to increase your profit. I believe in Bitcoin.
Most of the people are buying bitcoin to hold it, but i think now the price of bitcoin is above 8000$ and still continue to increasing which is now making it difficult for the people to purchase bitcoin, which is getting out of the reach of common people, now they can only trade in satoshi and buying a full bitcoin has become difficult for them and specially for the people belonging to backward countries, it has become more difficult to trade bitcoin.
member
Activity: 350
Merit: 39
dApps Development Automation Platform
yup im to waiting in our country to legalize and use bitcoins its so easy,but its so unsafe:(waiting to some safety happens with bitcoin and stability.
full member
Activity: 546
Merit: 100
The reason why I am keeps in invensting bitcoin is to achieve my dreams and goals. We can compair investing bitcoin in investing gold. Also it is like in investing in real state property that every moment it's value may rise. The more you invest in bitcoin the more you earn. Yes it is risky but in business you should take risk. Just keep in investing and save bitcoin then cash out when the value is more than in a normal rate. You and your strategy is the best partner to earn and multiple your coin or your cash.
hero member
Activity: 756
Merit: 505
BitCoin is an investment tool that is accepted all over the world.
Inflation risk is low: One of the inflationary effects is the increase in circulating real money supply. The increase in the money supply directly increases the inflation rate. However, this system does not apply to Bitcoin.
Risk of collapse is low:
Safe, simple and cheap.
Easy to carry: Small billions of dollars worth of money can be carried on a small memory card without having to carry cash.
hero member
Activity: 2590
Merit: 644
Bitcoin is actually more suited to be an investment rather than a day to day currency. I still suggest you to buy some and hold them instead of using them, and treat them as 'gold'.

If services like fast food restaurants decides to use Bitcoin as a payment method, maybe they can come out with a method that allows for no fees between accounts, but this is just a suggestion.

Existing methods including Bitcoinpay, but it still charges a fee of 0.8%, not completely free. Undecided

Yeah, right now I think bitcoin is more advisable to be used as a form of investment instead of a regular currency to buy daily needs such as food. In my opinion it is a waste to spend your bitcoin as soon as you got them, they would earn more and you would get the most of them by holding and waiting, then after selling it and earning your profit you can easily exchange it with a fair amount of fee to your regular cash.
Bitcoin is the best type of investment and we should not just random spend it into different types of stores online or anything that we can pay using bitcoin because it is still better to stick with our fiat money or cash in buying things so we can save money and so we can keep the opportunity in our side because it is best to keep bitcoin rather than spending it because of the growing market.
full member
Activity: 350
Merit: 100
BITDEPOSITARY - Make ICO's , More Secure
Bitcoin is actually more suited to be an investment rather than a day to day currency. I still suggest you to buy some and hold them instead of using them, and treat them as 'gold'.

If services like fast food restaurants decides to use Bitcoin as a payment method, maybe they can come out with a method that allows for no fees between accounts, but this is just a suggestion.

Existing methods including Bitcoinpay, but it still charges a fee of 0.8%, not completely free. Undecided

Yeah, right now I think bitcoin is more advisable to be used as a form of investment instead of a regular currency to buy daily needs such as food. In my opinion it is a waste to spend your bitcoin as soon as you got them, they would earn more and you would get the most of them by holding and waiting, then after selling it and earning your profit you can easily exchange it with a fair amount of fee to your regular cash.
newbie
Activity: 31
Merit: 0
1. Easy and Not Difficult. This bitcoin investment has advantages or plus value of ease of running it. Bitcoin investment is fairly easy because it can be done remotely (online) from wherever investors are. Just by turning on your computer or smartphone and internet network, then you are ready to run this investment.
2. Minimum deposit, bitcoin investment does not have to be in large quantities. Minimum Rp.100.000, - can already do Trasaksi in Bitcoin. Deposit the greater the profit also More.
3. Bitcoin is Global. no Bitcoin used in just 1 country is definitely used in some countries. Because basically Bitcoin as a means of payment across the country. It can expand the currency market itself to encourage a growth in value supported by increasing demand.
4. Bitcoin is not a flat income that offers a percentage percentage per month. Because the fluctuations in value are determined by the increase and decrease in the number of demand and supply in the market. Many of the world's rich people are created from this price boom. They buy cheaply and sell it with more expensive folding.
5.Bitcoin Tax Free. Unlike land and property taxed, Bitcoin is not taxed. With this situation of course you will be more profitable and invest.
sr. member
Activity: 504
Merit: 268
Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you Smiley
There are so many reasons why I keep on investing at bitcoin. One of it is that I am able to gain so much money using the investment that I have invested at bitcoin. I am also able to earn money using the investment at bitcoin. This really helps me a lot in my financial needs.
legendary
Activity: 1330
Merit: 1019
Just wondering how frequently the amount elevated in pre-ico is up-to-date in your webste?i
Bitcoin investing is all about understanding what is happening in bitcoin world and how can you make advantage of it. Right now, as the prices are going down so you must buy bitcoin and then save them for your future or you can make investment in it and then you can day trade with it so that daily profits can be achieved. Make sure you are doing right thing with max input.
member
Activity: 276
Merit: 23
BTC is not here to pay stuff with, it's here as a gold so you can just invest in it, sell, buy and so on. Some other currencies will hopefully be treated as normal money. But that's the question because there are so many currencies out there
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