You're saying that you won't need/use your money for around 2-3 year, right?
And you have the right too choose what's best for you.
Then, I don't see any problems with fees issues.
Look at how these ppl are saying bitcoin is a good investment.
I agree with that one.
I think you should see the bigger picture in here.
Topic: The reason that keeps me from investing in bitcoin - page 25. (Read 15403 times)
Investing to bitcoin is not just buying and holding on it. Investing to bitcoin means you believe in it and you see good potential to it. I myself are investing on bitcoin so I see good potential in it. Now, we can easily see its benefits and it helped us move funds from one person to another. We also see that its price will continue to rise as more and more people is going to bitcoin. Im even trying to convince my offshore clients to pay me in bitcoin so they can save on remittance charges. I can keep bitcoin and since we are not yet in a full adoption then we still need to make an exchange from time to time for a fiat money. 3-4 years from now bitcoin value will be so high for more and more people are using it already. Always bear in mind of the law of supply and demand. Demand for bitcoin is increasing everyday while the supply is limited. Can you see now where bitcoin is going? Keep on investing as you can while demand is still not that high.
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.
Actually the charges fee is okay for me though but rather than that, I can say bitcoin is really suit for an investment. Because as we all know the value of it is rising everyday. Not even lowering a single time and with that I can say confidently that this one is a good investment to start and to hold on. It can make me rich, so i treat them like a diamonds not just like 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.
It is true that bitcoin has high transaction fees but from my knowledge ,it is only because of its price rise. And as far the transaction fee for small transactions is concerned i guess we would have to wait for the years to come for using bitcoin for buying day-to-day stuff like "burger king sandwich" ,because as of know everyone would suggest to use bitcoin for big transactions,and let bitcoin blend with the lives of people even more and hope for the best.
the only thing that keeps me investing in BitCoin is that this nowadays technology development is amazing. and yeah there will be nothing like terminator in the future. so we will safe while my investment getting bigger.
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
There are things coming up that should alleviate the pressure of the high fees, if your really have no need for your money for 2/3 years then by that time bitcoin will be in a much better place when you start to use your bitcoin again. 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 can be used as a store of value too, not just as a currency. You can buy bitcoins as an investment, like you do with any other commodity.
Bitcoin is not dependant on being successful as a currency to be a good investment. Yes, it will be necessary for mining to succeed, once the Block
reward expires, but that is why we call it an experiment and not a finalized product. SegWit alone will not solve all our scaling problems, but it will
solve the problems we have now.
Bitcoin is not dependant on being successful as a currency to be a good investment. Yes, it will be necessary for mining to succeed, once the Block
reward expires, but that is why we call it an experiment and not a finalized product. SegWit alone will not solve all our scaling problems, but it will
solve the problems we have now.
Even tho Bitcoin is lagging behind as a day-to-day currency it won't be long before everyone is using Bitcoin. Big and small businesses alike. The good thing is that other cryptocurrencies are creating technological leaps that bitcoin can adopt. Make no mistake, bitcoin will be the main currency of the future. Treat it as an investment rather than a currency. It's not like you can incorporate it as an everyday tool just yet. Wait 1-2 years for that.
For now,using bitcoin for everyday need is not convenient indeed,we just treat it like digital gold
But if you wait for couple of years,i think it will be profitable in the future if you invest now
And problem with fees and transaction time is going to be fixed
But if you wait for couple of years,i think it will be profitable in the future if you invest now
And problem with fees and transaction time is going to be fixed
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 think if you wanna invest is good for the next 4 years in future, because each 4 years bitcoin price is high like now and on 2013
so if bitcoin very expensive i think no problem about fee, because you have been profitable
The regular fees depends on how busy the network is an is never stable, it's between 0.0001 and 0.0005 and can be much lower than that, currently with the network less congested it has already gone down.
Frankly, if there is something that stopping you from investing it should be the volatility or fearing a fundamental change in bitcoin, a $1 fee per tx, although high, isn't that critical...
Frankly, if there is something that stopping you from investing it should be the volatility or fearing a fundamental change in bitcoin, a $1 fee per tx, although high, isn't that critical...
Hello everybody.
I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. 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 are going to invest in bitcoin for a better to 2-3 years then why worry for the fees? I guess by that time bitcoin transaction fee's will be fix already. Currently, its not well suited for micro payments, but solutions are already on the way that you don't need to worry about it the future. And its not to late to invest still because the price will go up in 2-3 years time.
Yes. The transactions are a bit slow and expensive. But who says that can't be fixed? That's exactly what bitcoin's developers are for.
Also, the slow and expensive transaction fees should be a good sign because it can be caused by more and more bitcoiners using the system. And we ain't even reached mass adoption yet! Imagine what the future prices would be. You don't need to be a good businessman or a good investor to realize this.
Also, the slow and expensive transaction fees should be a good sign because it can be caused by more and more bitcoiners using the system. And we ain't even reached mass adoption yet! Imagine what the future prices would be. You don't need to be a good businessman or a good investor to realize this.
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
You should have mentioned how much you plan to save for the future, say you invested 1btc, valued at say 2k, and you spend a fees of 10 - 20$. Now this after two three years become, say 3 - 4k is it bad? That's almost double and it ain't bad is it? I would recommend you to invest and take a paper wallet and forget it.
Hello everybody.
I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. 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
Bitcoin is a good investment and that money that you don't need for about 2 to 3 years is a good range of year of investment in bitcoin because the price of bitcoin might already x3 of the price now and you already x3 your investment. The fees of bitcoin is one of the downside of bitcoin for me but i understand why it is high because of the continuous transactions that getting the network too busy and it makes the network slow so the miners need more fees so they can transact faster and i think the segwit will become the solution for the problem in the fees because it will give more block size for bitcoin which is more space and the network will become bigger. 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
Well, just invest your bitcoin and keep it until the price is high.
You don't need to use it for daily needs, because as we know, the fee is too high, and of course we can use real money instead, why bother use bitcoin?
So just make this as long term investment. Maybe in two or three years the price will be so high, and you'll gain profits from that.
There's nothing wrong to invest btc, but there's always a risk where the price may drop suddenly.
You don't need to use it for daily needs, because as we know, the fee is too high, and of course we can use real money instead, why bother use bitcoin?
So just make this as long term investment. Maybe in two or three years the price will be so high, and you'll gain profits from that.
There's nothing wrong to invest btc, but there's always a risk where the price may drop suddenly.
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
Investing in bitcoin is a very good idea. As time goes by, bitcoin value continually increase its value plus the fact that more country recognize it as a new form of currency. Even now we can't use it to buy foods in fast food chain, time will come that it will be acceptable not only in fast food chain but also in all convenience stores, banks, hotels and all establishments.
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.
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.
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 forget about that money for long period yeah its best to place it inside this investment as it will possibly turn into much bigger value after that time as you see most of the reply are positive about this system just allow yourself to explore more to understand how bitcoin will work for you. Good luck and enjoy the ride. 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
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