The reason that keeps me from investing in bitcoin - page 10.

BitcoinPC

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Quote from: lady Royal on August 22, 2017, 02:27:40 PM

Quote from: MetalGear on August 22, 2017, 02:00:02 PM

Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Investing in bitcoin is one of the best way to gain more income and money. Furthermore, as of now many people already invest in bitcoin and I think even richest families also invest in bitcoin and some of them are whales because they have a lot of bitcoin. Lastly, I think investing in bitcoin is better than in investing in any properties or shares.

Actually, You are wrong here Bitcoins investing is a risk. We do not what happen next its price can go down in minutes we don't even get a time to sell so we will lose much money.
On the other hand, If we buy some property which is a great investment its price always increases or at least we do not lose our money if it is invested in right property at right time. Bitcoin is actually doing great right now but how long? No one knows!

Quote from: oaz7t on August 23, 2017, 06:28:37 AM

Well said brother. I guess the fees are too much but it is not much when it comes to bigger payments. It's all right with buying Burger King burger which cost more than the fees but I guess we can be able to do everything free of cost when more development takes place in the block chain.

You can use whatever kind of justification you want to not make money in bitcoin and not be successful but all it is is just a bunch of excuses to keep yourself from actually putting anything out there. Same thing happened with a lot of people the difference is that most of them don't come on here and tell everyone about it.

sam53

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Quote from: oaz7t on August 23, 2017, 06:28:37 AM

Well said brother. I guess the fees are too much but it is not much when it comes to bigger payments. It's all right with buying Burger King burger which cost more than the fees but I guess we can be able to do everything free of cost when more development takes place in the block chain.

If free fees when create transaction in Bitcoin network, after the time reward of Bitcoin decrease, miner will can't earn bitcoin from mining Bitcoin and we can't use Bitcoin if they stop mining.

sheldonnnn

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The most important reason that keeps me from investing in bitcoin is that I do not have enough money. This is not even the most important reason but the only unfortunately.

oaz7t

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Well said brother. I guess the fees are too much but it is not much when it comes to bigger payments. It's all right with buying Burger King burger which cost more than the fees but I guess we can be able to do everything free of cost when more development takes place in the block chain.

shursight

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Quote from: Cofee.BLUE on August 16, 2017, 10:21:55 AM

Quote from: Gouverne on June 29, 2017, 04:52:16 AM

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

Yes. I thought that bitcoin is really an investment. Because upon entering or getting engage amd involved with bitcoin works to earn a living it is already considered as investing. In addition to that, bitcoin can be really considered as an investment because you are putting up your money into it and as a thing of investment, the users or consumers money is growing in just a short period of time more than what he have on his first attemp.

More than an investment i consider it as a way to hold my money and watch it increase every time more.
But yes, bitcoin can be an investment if you play with US currency, cause you bought one bitcoin at $2000 and then cashout at $4000. But if you have btc it would not increase unless you make investments with that.
If your amount of btc increases because of your investments, then it is an investment.

mrfreezeh

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Quote from: channingwilmer on August 22, 2017, 02:31:26 PM

Quote from: nrvasquez on August 22, 2017, 11:06:10 AM

Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Yes, I also prefer to use my money to invest instead of letting it not grow in the bank, with us investing in cryptocurency, I think we can benefit and our money will grow.

putting your money in the bank is one of the worst ideas. Your money will never grow. Investing will give you a chance to become a richer person who has a lot of money. Bitcoin has increased its price for 10 times since 2016. Wink

And with Ethereum, it has growth x60 from lowest price in last year until highest price in 2017 ($6 -> ~$400). Still have many ICO project are growth in short time many more like Bitquence, Stratis, Qtum, NEO ...

ReLieD

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Quote from: Gouverne on June 29, 2017, 04:52:16 AM

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

As you mentioned you will use this money after like 2-3 years then investing in Bitcoin is a pretty good decision. I am pretty sure that by that time Bitcoin would easily cross like 6k USD . And Segwit would lower the fees as well as lower the transaction time , with increasing prices of Bitcoin.

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Quote from: Wind_FURY on June 29, 2017, 07:39:52 AM

OP if you are so concerned about the high fees maybe a good altcoin is better for you to invest in. Litecoin has already activated Segwit and soon the Lightning Network payment layer will follow. Look into it, maybe it is where you want to invest your money.

In my opinion Bitcoin is the best option for him as he mentioned that he has some money which he thinks he has to reserve for 2/3 years. So buying at this stage and holding it will more profitable investment. As he is concerned about the fee, in future this issue will be resolved as they can not maintain these high fees for long time and when most stores and restaurants will start accepting bitcoin the fees will decrease.

channingwilmer

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Quote from: nrvasquez on August 22, 2017, 11:06:10 AM

Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Yes, I also prefer to use my money to invest instead of letting it not grow in the bank, with us investing in cryptocurency, I think we can benefit and our money will grow.

putting your money in the bank is one of the worst ideas. Your money will never grow. Investing will give you a chance to become a richer person who has a lot of money. Bitcoin has increased its price for 10 times since 2016. Wink

lady Royal

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Quote from: MetalGear on August 22, 2017, 02:00:02 PM

Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Investing in bitcoin is one of the best way to gain more income and money. Furthermore, as of now many people already invest in bitcoin and I think even richest families also invest in bitcoin and some of them are whales because they have a lot of bitcoin. Lastly, I think investing in bitcoin is better than in investing in any properties or shares.

Actually, You are wrong here Bitcoins investing is a risk. We do not what happen next its price can go down in minutes we don't even get a time to sell so we will lose much money.
On the other hand, If we buy some property which is a great investment its price always increases or at least we do not lose our money if it is invested in right property at right time. Bitcoin is actually doing great right now but how long? No one knows!

MetalGear

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Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Investing in bitcoin is one of the best way to gain more income and money. Furthermore, as of now many people already invest in bitcoin and I think even richest families also invest in bitcoin and some of them are whales because they have a lot of bitcoin. Lastly, I think investing in bitcoin is better than in investing in any properties or shares.

TheGodFather

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Quote from: Gheka on August 22, 2017, 11:01:25 AM

Quote from: Colt81 on August 22, 2017, 05:03:58 AM

Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Well, investing in bitcoin is a good option and investing in bitcoin is one of the best way to gain and make more income. In addition to that, the reasons why people keep investing in bitcoin is the money that they could get if they invest in bitcoin. Lastly, if you invest in bitcoin there is a possibility that you could become rich.

Yeah, I also think the reason we keep investing in bitcoin is because it can give us a chance to become rich, a chance to develop in the future. We invest more and more money in bitcoin, we will become richer in the future, the best evidence is that a few years ago, the price of bitcoin is only $ 200-300, but at present the price of bitcoin has reached $ 4000, and many investors have become millionaires with bitcoin. Bitcoin is truly an ideal investment place now and in the future

It keeps mo on investing here in bitcoins because i see a lot of potentials here and i see my future that is here. i dont have any problem regarding this one thats why i will support bitcoin till the end i want to have a savings of it for my future, and we all know that bitcoin value has grown a lot that keeps us anyway.

Funeral Wreaths

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Quote from: Amph on June 29, 2017, 05:02:10 AM

the fee issue will be fixed, if you are really buying for the future than you should not worry in 2-3 years by will be different and better

for now if you really want to use bitcoin use it to buy expensive stuff in this way you will not feel the fee

also besides this bitcoin still hold other advantages against fiat, first one us the control and the no-one restriction you have over your money

another one is that by holding Bitcoin your chance to have a fortune in the near future is very high, compare this to fiat where you only lose money..

absolutely, your worried in an earlier approach, look forward and stop imagining things, there is always risk involved, but as what the others stated it is not suited to be a day to day currency not unless you have so many bitcoins to spend for your daily expenses. and if you will look forward and just don't mind about the fees or what is it really happening, you can think peacefully and start dreaming or achieving you long term goals.

nrvasquez

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Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Yes, I also prefer to use my money to invest instead of letting it not grow in the bank, with us investing in cryptocurency, I think we can benefit and our money will grow.

Gheka

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DGbet.fun - Crypto Sportsbook

Quote from: Colt81 on August 22, 2017, 05:03:58 AM

Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Well, investing in bitcoin is a good option and investing in bitcoin is one of the best way to gain and make more income. In addition to that, the reasons why people keep investing in bitcoin is the money that they could get if they invest in bitcoin. Lastly, if you invest in bitcoin there is a possibility that you could become rich.

Yeah, I also think the reason we keep investing in bitcoin is because it can give us a chance to become rich, a chance to develop in the future. We invest more and more money in bitcoin, we will become richer in the future, the best evidence is that a few years ago, the price of bitcoin is only $ 200-300, but at present the price of bitcoin has reached $ 4000, and many investors have become millionaires with bitcoin. Bitcoin is truly an ideal investment place now and in the future

Aztek

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Quote from: EXtremeAEX on June 29, 2017, 04:55:17 AM

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

That is actually the point on investing in bitcoin. It is actually suited for transaction just like in trading and investment that is a big opportunity for people to earn and to have a big profit in the future. And when we say future as a part of opportunity it is a good thing because bitcoin is much aligned to technology that it has the time for achieved further development and growth to its price and value in the market that makes people get into bitcoin for daily transaction and to set more investment out of bitcoin.

Xester

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Quote from: Similificator on August 22, 2017, 10:28:41 AM

Quote from: Gouverne on June 29, 2017, 04:52:16 AM

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

I also have the same curiosity. The fees have gotten pretty high if you ask me, and it really has been confusing me for a long time now, because wasn't it made to be different from fiat?? I know $3 fees are pretty small from all the benefits you get in changing your money into bitcoins but it just really makes me wonder. And really kind of scary because what if this is a start of it becoming more like fiat?? I may be too paranoid but i just can't help but worry.

Fees are fees and we all do it for us to earn more bitcoin. For sure, there were many who are into bitcoin and yet they understand the price made by transaction fee. It is just like a gasoline, when it rises also the price of it rises. So there is no surprise about the price of bitcoin. Considering the higher fees, it does mean that bitcoin is being stable.

Similificator

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Quote from: Gouverne on June 29, 2017, 04:52:16 AM

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

I also have the same curiosity. The fees have gotten pretty high if you ask me, and it really has been confusing me for a long time now, because wasn't it made to be different from fiat?? I know $3 fees are pretty small from all the benefits you get in changing your money into bitcoins but it just really makes me wonder. And really kind of scary because what if this is a start of it becoming more like fiat?? I may be too paranoid but i just can't help but worry.

Colt81

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Quote from: Bagaji on June 29, 2017, 07:17:27 AM

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

Well, investing in bitcoin is a good option and investing in bitcoin is one of the best way to gain and make more income. In addition to that, the reasons why people keep investing in bitcoin is the money that they could get if they invest in bitcoin. Lastly, if you invest in bitcoin there is a possibility that you could become rich.

Ya-ing

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It will probably be more expensive in 2 or 3 years, but anything can happen.

As for the big fees, I agree. They are too high right now, and hopefully they will find a solution for that.

Topic: The reason that keeps me from investing in bitcoin - page 10. (Read 15401 times)