Topic: The reason that keeps me from investing in bitcoin - page 19. (Read 15436 times)
Do read this: https://pastebin.com/ZUxTmR99
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 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
IOTA is coming up with a system for micropayments and hopefully that will solve the problem of high fees and unconfirmed transactions. It is also based on a technology slightly different from conventional blockchain, and hence it does not have the shortcomings of traditional blockchain networks.
You could just buy bitcoins the amount you said you do not need for two to three years since bitcoin is such a good investment. Given already that transaction fee for bitcoin is high considering that its price is really high compared before. But since today is August 1 and we do not know what will the price of bitcoin will be so better to just invest on bitcoin. The amount of transaction fee is nothing compared to profit you will earn upon investing on bitcoin.
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 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
Keep bitcoin as an investment. Buy it, wait for it to rise, and then sell it.
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 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, Segwit's a step towards lowering transaction fees. As the bundles of unconfirmed transactions get smaller, transaction fees will also go down.
That was the main issue "HIGH FEES". But i think it will be solved sooner so its not to worry. Even if restaurants start accepting bitcoins, they will find some way to recieve and send bitcoins without any fees. Some wallet to wallet transactions doesn't require fees like localbitcoin to localbitcoin wallet. It send the transaction without any fees. I hope restaurants will find something like this for better use.
Well for me its not the high fees is the main issue here but the slow confirmation. High fee is fine with me as long as the confirmation of transaction is fast. Like Im not gonna wait too long if I ordered just a meal in fast food chain.
High fee is nothing when you can get convenient and hassle free in ever transaction especially when we are busy person.
Agree the issue here is how slow the confirmation to be done there are times that even if we pay high fees the transaction is still not completed because of the slow confirmation. This is what they need to fix and I hope they will.
I personally feels bitcoin price will increase well in future,it is popular and bitcoin cost increased and decreased,so we have hope for profits.transactions like sending and receiving bits to my friends also easy and low transaction fees.
Since bitcoin can be popular in the market because there are many user of it, there is no fear to save and invest bitcoin for the future. The price of bitcoin is pumping up and down. Trading and investing is a way to have more profit just wait for the time that it is high. It is better to change it into fiat while it is rise if you want to buy something, like food, everyday.
bitcoin is like my mama. it keeps getting bigger and bigger
Because it is a hope to earn profits in the future, this is a fact that has been proven for a long time even during the last 7 months can profit more than 100%.
I personally feels bitcoin price will increase well in future,it is popular and bitcoin cost increased and decreased,so we have hope for profits.transactions like sending and receiving bits to my friends also easy and low transaction fees.
How to not be amazed by the bitcoin. Common sense is telling not to invest when it is actualy rational to invest in it.
Bitcoin completly defy the rule of logic, reason and common sense. When you have a bunch of people like bitcoiners - you can expect anything, or saying otherwise, you should not expect anything as it will be different for sure.
Bitcoin completly defy the rule of logic, reason and common sense. When you have a bunch of people like bitcoiners - you can expect anything, or saying otherwise, you should not expect anything as it will be different for sure.
That was the main issue "HIGH FEES". But i think it will be solved sooner so its not to worry. Even if restaurants start accepting bitcoins, they will find some way to recieve and send bitcoins without any fees. Some wallet to wallet transactions doesn't require fees like localbitcoin to localbitcoin wallet. It send the transaction without any fees. I hope restaurants will find something like this for better use.
Well for me its not the high fees is the main issue here but the slow confirmation. High fee is fine with me as long as the confirmation of transaction is fast. Like Im not gonna wait too long if I ordered just a meal in fast food chain.
High fee is nothing when you can get convenient and hassle free in ever transaction especially when we are busy person.
................
Overseas transfer of 5 ton of gold for $3? Bitcoin - easy.
That was the main issue "HIGH FEES". But i think it will be solved sooner so its not to worry. Even if restaurants start accepting bitcoins, they will find some way to recieve and send bitcoins without any fees. Some wallet to wallet transactions doesn't require fees like localbitcoin to localbitcoin wallet. It send the transaction without any fees. I hope restaurants will find something like this for better use.
Due to price fluctuations I dont think it is the right time for bitcoin to be an e-currency.
Those large fees will just make people look for more options instead of loving bitcoin into a faster and convenient way to use in terms of buying items or food.
As long as there are still demands coming up it will grow more in price and thay will hurt bitcoin users in fees.
Well the ony flow of it is the fees but when we see the cahnce that we can earn from investing maybe it is still reasonable but if it's too much then we should think of it if we will continue it. Bitcoin can be the easiest way of making transactions payment now that's why they're putting too much fees on it since they know that we will still use it. Those large fees will just make people look for more options instead of loving bitcoin into a faster and convenient way to use in terms of buying items or food.
As long as there are still demands coming up it will grow more in price and thay will hurt bitcoin users in fees.
Due to price fluctuations I dont think it is the right time for bitcoin to be an e-currency.
Those large fees will just make people look for more options instead of loving bitcoin into a faster and convenient way to use in terms of buying items or food.
As long as there are still demands coming up it will grow more in price and thay will hurt bitcoin users in fees.
Those large fees will just make people look for more options instead of loving bitcoin into a faster and convenient way to use in terms of buying items or food.
As long as there are still demands coming up it will grow more in price and thay will hurt bitcoin users in fees.
Many opportunities unlocks when you invest in bitcoin it's not just a savings that has little appreciation though fees are still in the process of fixing I still believe that if you invest in bitcoin after 2 to 3 years you will have good harvest. The value of bitcoin continue to grow and the more it gets popular the more establishment will likely to accept it as a mode of payment and I hope time will come that there is no transaction fee required like a normal currency.
The high fees will fixed when segwit is implemented but people use bitcoin nowadays as investment foe their assets for now it's more likely to be a safe haven for assets a long term investment. You ask people why people use it, because this digital currency will hold a great value than any fiat currency and may surpass it in time. Once segwit is activated it will once again lower the cost of transaction fees and fast food chains like birger king can use it conveniently as a payment method and it will be also conveniently for you who just wants to buy a burger with low tx fees.
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
Bitcoin might not be a good choice as a currency for doing everyday transactions. But I can very well assure that it is the best investment asset available today. On the terms of risk and returns, no other asset would be able to overcome Bitcoin in coming years. This will drive the demand for Bitcoin and hence the price. So if you are thinking of investment, I don't see a reason for doubt. But if you want to use it as a currency, it would be better to use it in some big transaction.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
Fees would definitely fall after Segwit but to what extent is hard to speculate.
Yeah I agree. Bitcoin gets high value only when it's being used as a investing method.
Jump to: