Topic: The reason that keeps me from investing in bitcoin - page 23. (Read 15403 times)
if not bitcoin then what coin can you recomment?
Potential and profit is what I think of when investing in bitcoin, a powerful potential that gives me peace of mind. I believe in bitcoin, so I invest in 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
I agree with you 100%. At first, I always thought of Bitcoin as what would become the eventual day-to-day currency like fiat is today. After hearing the propaganda about "low fees" I thought it was amazing (considering fees today are often 3-4%). However, in reality they are becoming way too large now. I simply cannot comprehend how this will be sustainable going forward when Bitcoin is say, $1,000,000 fees will be $100 per transaction...
On the flip side, large fast food chains would most likely accept 0 confirmation transactions and thus be able to use much smaller fees which will take far longer to clear, but it is worth it as it is unlikely that people will go through the hassle of double-spending for such small transactions.
Funny how you talk about Bitcoin as an investment and then in the same breath say it's money. Are you confused ? An investment is something that frows over time not something you soend at Burger King so I'm not quiite sure what exactly you trying to say. Also the fees are not bad have you seen banking fees before ? Have you ever used a bank ? Banks you oay monthly fees then surplus charges on each transaction. Your bank to another bank takes forever to go through I'm talking days. So what are you talking about exactly ? You know when you use your bank card to buy things the money doesn't actually go through till much later right ? This nonesense about Bitcoin not big ok for purchases is exactly that utter nonesense. If you double spend or whatever the next time they see your wallet come up for a ourchase they will ask why you haven't paid and like anything else you oay s fine work it off or go to jail.
Bitcoin currently isn't suited for day to day transactions such as buying groceries or paying for a meal, the fees are just too high for it to be logical to do these sorts of tasks. It is really just meant for investment at its current state but we will see this change in the next few years as Bitcoin improves and as more help is put in to improve it and make sure that everyone can use it. That is why it is still a good time to invest into Bitcoin, because in the next 2 to 3 years, Bitcoin will definitely change and you should be able to make daily transactions like buying a burger at burger king or mcdonalds.
Segwit should help this because with the increase to the block sizes will come lower transaction fees and times. This in turn would make a lot of people invest into Bitcoin and raise the price of it. We just need to wait it out now and it would definitely be a smart idea to invest into Bitcoin if you aren't going to use that money in the next couple of years. Investing is always smarter than just leaving your money sitting there, if you are smart about it of course.
Segwit should help this because with the increase to the block sizes will come lower transaction fees and times. This in turn would make a lot of people invest into Bitcoin and raise the price of it. We just need to wait it out now and it would definitely be a smart idea to invest into Bitcoin if you aren't going to use that money in the next couple of years. Investing is always smarter than just leaving your money sitting there, if you are smart about it of course.
To sustainability and to scale up is the issue of bitcoin, for the past two years bitcoin is already having some problem because of the transaction congestion and that is why fees are also going up for miners needs to get incentives. Now we can no longer use bitcoin for our day to day transactions for it is no longer practical to spend at high fees. So bitcoin no longer holding the position of a coins for everyone because it is now being limited. Only now suitable for investment. Bitcoin looses it value because of this for we can no longer use it as it is used to be and as it is proclaimed that we can use bitcoin anywhere. It bitcoin looses its ground on this functionality then eventually bitcoin will be replaced.
Other coins can now provide scaleability and sustainability and we can see that new coin will eventually replace bitcoin as the number one coin. Once everyone start to move to the next big coin then we will see the death of bitcoin. Consensus is needed and everyone should set aside personal interest and look at the interest of everyone as a whole.
Dude continue your plan and become a millionaire with that time cap(2 to 3 yrs). Bitcoin will reach its highest peak this fall acoording to an article. Not only bitcoin but also the alternative coins. Invest in bitcoin now or it'll too late for you. Hodl bitcoin for 2-3 years is good enough for an investment.
Bitcoin currently isn't suited for day to day transactions such as buying groceries or paying for a meal, the fees are just too high for it to be logical to do these sorts of tasks. It is really just meant for investment at its current state but we will see this change in the next few years as Bitcoin improves and as more help is put in to improve it and make sure that everyone can use it. That is why it is still a good time to invest into Bitcoin, because in the next 2 to 3 years, Bitcoin will definitely change and you should be able to make daily transactions like buying a burger at burger king or mcdonalds.
Segwit should help this because with the increase to the block sizes will come lower transaction fees and times. This in turn would make a lot of people invest into Bitcoin and raise the price of it. We just need to wait it out now and it would definitely be a smart idea to invest into Bitcoin if you aren't going to use that money in the next couple of years. Investing is always smarter than just leaving your money sitting there, if you are smart about it of course.
Segwit should help this because with the increase to the block sizes will come lower transaction fees and times. This in turn would make a lot of people invest into Bitcoin and raise the price of it. We just need to wait it out now and it would definitely be a smart idea to invest into Bitcoin if you aren't going to use that money in the next couple of years. Investing is always smarter than just leaving your money sitting there, if you are smart about it of course.
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
If you want to invest your money in bitcoin then go for it. I think you would earn a lot of profit for it. Don't you need your money for the next 2/3 years? Why? Yes, bitcoin is on top of the cryptocurrency that's why it is being popular. If you have complaints about the fees of bitcoin just relax and don't you worry about those fees because you can regain what you spend on it. Bitcoin is obviously not the money you use to buy in store but you can convert it into fiat currency to use for buying.
Is that true? Burger King is willing to accept bitcoin in russia? How I wish also in my country would be like in russia.
In this time it is good reason to invest money to buy bitcoin because of its pumping market value every time, you can even invest and forget it for a year or you can play it with some exchange site to do trading your bitcoin from time to time.
not pumping at every time sometimes there's also dump. buying bitcoin and forgetting it's a strange investment way and it's not that simple to invest in bitcoin you have to think about the profits and the time you spend. 
Bitcoin is currently more of an investment platform than a day-to-day currency. It has not gotten to that point where it will be used at that rate. However, we can certainly see that bitcoin will be the future and it is approaching fast. Maybe you cant effectively and logically buy a burger with those fees, but it bitcoin will certainly grow in the future.
The reason for why bitcoin is an extensive trading platform is the fact that there is a huge supply and demand for it and that easily drives the value higher than ever before. It becomes a commodity. Just hold onto bitcoins now as we can most certainly see another price jump somewhere in the future. Who knows? We probably will see the widespread use of bitcoin to the point where it becomes our daily drive in terms of currency. But for that we still need to wait a few year, or after everyone stops using it as a trading commodity.
The reason for why bitcoin is an extensive trading platform is the fact that there is a huge supply and demand for it and that easily drives the value higher than ever before. It becomes a commodity. Just hold onto bitcoins now as we can most certainly see another price jump somewhere in the future. Who knows? We probably will see the widespread use of bitcoin to the point where it becomes our daily drive in terms of currency. But for that we still need to wait a few year, or after everyone stops using it as a trading commodity.
Bitcoin now is my life ,I cant live without bitcoin because it provides our needs and I can save too.I will keep on investing so that my property will expand that time comes I just relax and wait for the profit of my business.I really have to invest business so that I can save for the future of my kids.I know its not only me whos doing this but all bitcoiners is inspired because of bitcoin benifits,bitcoin really gives future for all users.
In this time it is good reason to invest money to buy bitcoin because of its pumping market value every time, you can even invest and forget it for a year or you can play it with some exchange site to do trading your bitcoin from time to time.
I prefer both. buy bitcoin and hold it for a year and the half of it will be your funds for daily trade basis in that term the profit will be more proficient. Besides, the bitcoin will have a segwit in August 1 that will be a good news or be a bad one but no matter will happen it is good to hold the bitcoin. 
In this time it is good reason to invest money to buy bitcoin because of its pumping market value every time, you can even invest and forget it for a year or you can play it with some exchange site to do trading your bitcoin from time to time.
The reason of investing my money into bitcoin is because I know in the future I will earn a lot despite the fact of high fee yet I just disregard it due to my perception that I will earn more and make profit out of it.
To OP I guess now it is not yet time to use bitcoin to by physical stuff or one on one transaction because it is not that popular enough and it is not good in transaction fee but for sure time will come there will be lot of merchants who will use bitcoin and fee will be lessen as what we have now. That is how I looked for that
To OP I guess now it is not yet time to use bitcoin to by physical stuff or one on one transaction because it is not that popular enough and it is not good in transaction fee but for sure time will come there will be lot of merchants who will use bitcoin and fee will be lessen as what we have now. That is how I looked for that
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
It's not about it becoming mainstream for now (as in for day-to-day transactions). As you said, you don't need that extra money for a while, so why just keep it there? I believe bitcoin would be a better investment (although it holds a small risk, like anything else)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
My suggestion here is to invest what you can afford to lose, hold it for a while and see how it goes.
The reasons why I keep invest in bitcoin because I know by using bitcoin I could earn money that I can use in my daily life. In addition to that, investing in bitcoin will help to sustain all your need in the near future. I think I will continue to invest in bitcoin because I know bitcoin is the key to become rich.
Yeah you're right. Bitcoin is the key for us to become rich. Bitcoin gave us a wonderful opportunity for us to have a profit. Investing your money to the bitcoin is really effective to earn money. This is the reason why I keep my btc. 
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 can invest your money in the Bitcoin and another coins then hopefully you can make big earnings and then 3$ will be useless amount of fee for you earnings .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
But still if you are right at your point that how a man can spent that much amount of money for the fee to buy small worth things.
suppose here I want to buy pizza of 5$ value then I need to pay 3$ , this is directly showing what we want to say .
But here you need to wait and see what the changes we will found in the future , I means to say for the launch of segqit2x , because it is believed that the fee for the transaction of the Bitcoin will got half because the size of the segwit will get double by replacement of segwit2x .
well here we can only wait for such types of things because we are the users not the owner , here we can make discussion and request only .
I would not advise you to invest btc or not but if you can bypass the fee then btc would be an extremely profitable investment. You only need to buy a few btc and wait 2-3 years for a certain amount of money, without investing in any project as this will probably make you lose money. If I were you and have a large enough amount of $ 3 then investing btc would be my top choice. if it's contrary, i wouldn't.
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, it is impractical for Bitcoin to be used on a daily basis just like fiat. This is because of the long waiting time of transaction confirmation and because of the high fees. Bitcoin is behaving more like an investment instead of a currency.
The fees will be fixed as long as the scaling issues are coped. Not just the fees will be lowered but the waiting time will be lessen as well.
Segwit will lower the fees and lightning network will make it possible to both scale indefinitely and transact instantly. Or at least that is the promise they are making.
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, it is impractical for Bitcoin to be used on a daily basis just like fiat. This is because of the long waiting time of transaction confirmation and because of the high fees. Bitcoin is behaving more like an investment instead of a currency.
The fees will be fixed as long as the scaling issues are coped. Not just the fees will be lowered but the waiting time will be lessen as well.
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