The reason that keeps me from investing in bitcoin - page 20.

jamids

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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

Bitcoin for me is meant to be an investment because the returns of it just for saving is really huge when you compare it to other businesses. If you wanted to spend bitcoin then better spend it in large amount transaction because when you spend it that way, you will not worry so much about the fees.

Crypto Legend

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Of course hope to continue to gain profit, for me there is no other reason than profitable, because if not profitable of course I will leave. But we must realistic that need at least a year to get huge profit.

The_Dark_Knight

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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

If you do not want to invest in bitcoin then no one is forcing you to do so, but I think it is very obvious that since this is a bitcoin forum most user are going to be pro bitcoin when it comes to investment, read the forum and you will understand why we are so positive about bitcoin but at the end is your call whether to invest or not.

Bestwishes745

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Quote from: guoyu78 on July 30, 2017, 05:15:49 PM

Quote from: TheGodFather on July 30, 2017, 09:18:31 AM

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.

Maybe you have a point but. We need to aceept the fact that fees are connected to our transactions. So lets just be patient on it. Wait until something might change. We dont know maybe someday fees will be lowered. Bitcoin still has a highest value among all so we want it. That keep us from coming back.

Yeah! We can’t do anything with the transaction fees. Transaction fees are very little less to the profit bitcoins let us enjoy. We should not be hesitant of paying these trivial fees. Bitcoins have made numerous people around the globe rich. So I think transaction fees should not make you hate bitcoins.

And if we look then we will find that these fees are very lower if we look at the transaction fees of the bank as banks are charging too much fees and in bitcoin we get another benefit that we do not rely on any third party with it we do not have to look at the fees.

Zemangat

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Bitcoin fees often change with the bitcoin price at that time. If you cheat fiat money and exchange it with bitcoin may feel high according to you. It's because bitcoin prices are now expensive and maybe the service on the wallet is good so the fee is high. I think the fee is not a problem for you because some months your money will increase. You will be lucky to invest bitcoin.

staceyoh

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I think if you are finding an investment bitcoin is
good for you because its price is continuing to rise.

BChydro

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

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?

All your worries will be answered after the fork,so there is nothing to be worried,the main reason for the fork is because the network could not handle the amount of transactions with the limited capacity and with the fork everything will be resolved and the transaction charges will come down considerably and we are mainstream and the growth continues.

orions.belt19

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There's a whole lot more reasons for you to invest on Bitcoin other than the Burger King in Russia. Many other benefits and advantages that there is to Bitcoin should outweigh your concern for the transaction fees and the only reason that's been keeping you to invest in Bitcoin.

If you would check the price charts of Bitcoin, it is increasing despite the numerous fluctuations. Over just a short period of time, the price increase has skyrocketed so just imagine what your money could reach in 2-3 years. Also, Bitcoin is being adopted and accepted more and more. Its popularity has been increasing and the future looks bright for Bitcoin. Since you don't intend on using the money for some time, it would be best to invest it because it would accumulate and accrue in Bitcoin over time. I'm just saying that transaction fees should be the least of your worries because Bitcoin is a good investment.

Trebz28

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WAGMI

Because bitcoin is the future currency, as simple as that.

smileee

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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

The reason that kept me from investing in Bitcoin is that Bitcoin prices are rising. Also, I keep Bitcoin to secure my future.

erickkyut

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Activity: 1176

Merit: 509

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

Now that the transaction fees are now back to normal, I think the OP has now all the reasons to invest in Bitcoin. Aside from that, I don't think that you will invest in Bitcoin just because you want to but some burgers on some fast food chain. Invest in Bitcoin because you want your investment to grow and gain profits from it. If you have huge investment and you learned how to manage it well, you will get a huge profit and I'm pretty sure that by that time, you will not mind the transaction fees.

Alice Nuttal

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Activity: 113

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The fact that Bitcoin is a risky investment doesn’t mean it is not a promising one. We all know that great profits are found with great risks. I’m ok with that. That’s why have no doubts considering investing in Bitcoin.

Jody.Drummer

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Activity: 1652

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Leading Crypto Sports Betting & Casino Platform

Quote from: mantra on July 12, 2017, 10:40:47 PM

Bitcoin investment does have a big risk, can be very harmful and can be very profitable, I only think about the big profits, but of course still with reasonable consideration, I still will consistently say that bitcoin is a very promising investment

I agree with you because only bitcoin is promising in investing so I do not trust anymore except the bitcoin .. all of them definitely have big risk whatever it is but security in bitcoin also very good indeed....

guoyu78

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Activity: 1190

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Quote from: TheGodFather on July 30, 2017, 09:18:31 AM

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.

Maybe you have a point but. We need to aceept the fact that fees are connected to our transactions. So lets just be patient on it. Wait until something might change. We dont know maybe someday fees will be lowered. Bitcoin still has a highest value among all so we want it. That keep us from coming back.

Yeah! We can’t do anything with the transaction fees. Transaction fees are very little less to the profit bitcoins let us enjoy. We should not be hesitant of paying these trivial fees. Bitcoins have made numerous people around the globe rich. So I think transaction fees should not make you hate bitcoins.

TheGodFather

hero member

Activity: 854

Merit: 500

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.

Maybe you have a point but. We need to aceept the fact that fees are connected to our transactions. So lets just be patient on it. Wait until something might change. We dont know maybe someday fees will be lowered. Bitcoin still has a highest value among all so we want it. That keep us from coming back.

micher143

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Activity: 798

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Quote from: JoMarrah Iarim Dan on July 26, 2017, 12:57:49 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

The reason that keep investing me in bitcoin is that it is my only way I can earn money. At this age I am not qualified in any job so it is where I depend. I want to earn because in order to help and since I know some way to earn, I am pushing to do it.
Maybe you can say that because you don’t understand bitcoin and how to work with bitcoin. Try joining campaigns and earn enough money.

That is right because in bitcoin helping us to earn money while doing something and the profit that we are gaining is not just like the services at the real world but somehow it is bigger in that and it is not hard to earn bitcoin here in the forum because of the signature campaign. That is why bitcoin for me is very important because the bitcoin is my source of income.

SacriFries11

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Activity: 882

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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

Bitcoin is one the best investment we have today. All we can do is believe the power of bitcoin. Bitcoin is the right choice for investment especially if you willing to invest for long term. Expectation in bitcoin are very high were investors are willing to give it all believing that they become right someday just like the people have already invest in bitcoin they become rich the same as the boy that invest a years ago. If you’re willing to invest, keep in mind that it’s not guaranteed hundred percent. Compared to other investment, bitcoin must be the best option you have. Maybe transaction fees are getting big but compared to other that have taxes and they control over your money.

bs.glory

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Activity: 70

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My favourite PDF book has answered this question again while I'm reading it.

Money is a fulcrum of paradoxes. It is, in the famous characterisation by
Simmel, heartless – and yet, according to Zelizer, deeply emotional, ubiquitous
but elusive, uniform and endlessly varied. The paradox to be explored here is that
of the relationship between money and economic systems. This relationship is
simultaneously tight and loose. It is tight to the extent that money appears as a
fundamental dimension of the economy, a yardstick by which its growth and
wealth accumulation are measured.

JoMarrah Iarim Dan

sr. member

Activity: 644

Merit: 252

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

The reason that keep investing me in bitcoin is that it is my only way I can earn money. At this age I am not qualified in any job so it is where I depend. I want to earn because in order to help and since I know some way to earn, I am pushing to do it.
Maybe you can say that because you don’t understand bitcoin and how to work with bitcoin. Try joining campaigns and earn enough money.

ArIMy11

full member

Activity: 519

Merit: 101

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

The reason that keeps me from investing in bitcoin is word “earning”. Even though I earn small amount now, the important thing is that I am earning instead of just sitting every day and doing nothing. I cannot pick 3$ in the road or anywhere every day. I believe that if my small earning combine it will be a big profit.
I think that you’re rich because you do not consider and appreciate small amount of earning(nothing personal, just my opinion). Believe me I knew someone that innovate their house because he/she earn big in bitcoin, and I also have a friend that earn 80k in bitcoin. Try to rank up join campaign or trade you will earn not only 3$.

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