Topic: The reason that keeps me from investing in bitcoin - page 24. (Read 15403 times)

If using bitcoin will never be able to buy a Burger he will die. Bitcoin was conceived as a currency, any currency created for purchases and sales. People have turned bitcoin into the action, but when you invest in a enterprise that promotions are supported by the products of this company. And what supported the stock of bitcoin?

Just do it.  I respect you for looking at a potential investment skeptically,  but youll find 1000 reasons not to buy btc if you look hard enough--and meanwhile people are getting rich hand over fist.  Just put some of your disposable play money into it if you're that reluctant.   Transaction fees go up and down, as do confirmation times.  It's a work in progress.   And those two issues have improved considerably in the last month.

This. Bitcoin is decentralized and no one can take it away from you. It's sad that bitcoin might never be the currency to buy sandwich but well there are a lot of alts there that can do that like digibyte. Digibyte transactions based on my experience is only around 3 minutes plus the fees are very low like 70 sats only.

Some people invest now because they believe that the problem with fees will be solved soon and this will lead to a big boost to Bitcoin's price. And even if Bitcoin won't solve the scaling problem soon, it doesn't mean that it's useless, the network has been live for 8 years and it has proven itself as very secure and reliable, which adds a lot to Bitcoins worth. Bitcoin can be used as safe haven during economic crisis in fiat world, which already happens in some countries when their currencies and stocks plummet.

Bitcoin isn't a currency that is kept in banks. It is easy to access, its digital nature makes it portable and unconsumable and also transactions can be done very quickly. we can also expect good profits by investing in bitcoin.

First is how the work? What is it purpose? Any one of us knows about this, so when it comes to investing in bitcoin, we think of its profit right away. At present, bitcoin still carries a huge potential, so we should not ignore it.

Bitcoin is designed for large investments and for large purchases. There is no point in buying some small thing, because the loss due to the commission will be much greater.

Ya it may be true due to high value of bitcoin.But many started to inverse their money in bitcoin.Now a days,many online is made using bitcoin only. The only thing I inverse money in bitcoin is, due to their product profit  and faith.Since bitcoin price is keeps on increasing due to large number of bitcoin users.If you inverse your money on bitcoin today means ,you will get huge profit on one day.

Bitcoin is a crypto-currency which is set the first name in the market. So the development of bitcoin can sure the best reason for people to keep putting trust on the system and development of bitcoin. Fees and security are the on going development happens on bitcoin, if people or the community of bitcoin will continue the support more development on its price, transaction and security will sure happened making bitcoin as the number one mode of transaction in the future. So no doubt that people are willing to continue to support and to set investment on bitcoin.

If fees will continue to be high then it wont be advisable to use bitcoin as a spending currency but it will become as an investment currency which you buy in big numbers and hold it. Then for spending currency people will be pushed to use altcoins like dash, litecoin or zcash for their everyday use for it is more cheaper in fees. Otherwise fiat money will still be used for the day to day transactions and the normal debit or credit card will still be dominant in the market in terms of payment tool.

If that happens bitcoin eco system will slowly shrink because bitcoin will no longer flow in the market and less transactions will be done within the blockchain. While altcoins will get all those attention because of the increasing eco-system and usage and adaptability of the market.

They need to look at it in a bigger prospective. Fees is needed but higher fees will kill the eco-system of bitcoin in the long run. Will bitcoin now serving the big financial companies for they are the one doing big amount of transactions? Then us the people who wants to use it in our daily lives can no longer afford to do it because of the high fees? It is because of the greed on fees of the miners or is it really the bitcoin blockchain that is really something wrong? Is it time for another contender of bitcoin to takeover to lead the pack?

hmmm

It is true that bitcoin fees are a bit high, and you trade them in large numbers. But I think the investment you have to pay is obvious, nothing is available.

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.

The big thing that everyone in the community right now is hoping for is that the miners are going to come to some sort of conclusion, be it on Aug 1 or be it whenever to be able to fix the present problem which is going to be the insane amount of fees that everyone is paying right now. It's bound to be fixed at some point because people just aren't going to use nor be introduced to BTC at the moment because of the fact that the fees kind of heed the currency useless.

I'm not going to say it's a waste, but people aren't going to use the currency unless it's incentivized in some way personally for them. That's just how the world works and how it's going to continue to work, you can't stop that out of people.

Can you help me find a service sending money on the world's not need fees when send a huge money with after short time for receive? I can't find payment system can do that beyond the choice is Bitcoin in present. Your ask look like as a kid not want spent money when buy a candy because just need cheap or free

HEY! Have you ever heard of a "fee-less" investment?

Whatever you put your money in, stocks or gold, there is a fee.
Check the fees to buy shares from a company listed on NASDAQ, you'll be surprised. Nothing's free in this world.

I think you don't need to worry about fees if you only plan to use bitcoin as investment for 2-3 years which means you only make bitcoin transaction 2 times (withdraw to your wallet and deposit to exchange when you want to sell it)
Also, you mentioned reason that could keeps people from use bitcoin as currency, payment method and micro-transaction instead.

If you still worry about high transaction fees, you should try altcoin which is popular in this moment such as LTC, XMR or GBYTE.

There are no prerequisites to the fact that the price of the transaction of bitcoins will decline. This creates serious problems for trade. Until the majority of the owners of the coins use the bitcoin-only investment this is not a problem for him, but then this is exactly the problem.

Same as you, Trust in this cryptocurrencies and the hope for bitcoin become more stronger are the reasons that keeps me from investing in bitcoin. When i know the first time about bitcoin, The price was around 300-400$, I didn't except that one day bitcoin will more valuable and achieve the 2500$ and maybe in the end of this year will cross the barrier of 3k $.

The trust and the hope are the one that makes me invest into bitcoin. From the day I started using bitcoin, I experience an increase in the price as well adoption all around. This confirms that growth is happening. Based on this I feel more confident and confirmed that profit is all ours if one has patience and trust.

I find bitcoin a great and profitable investment vehicle and for trading, it gives great returns.