Bitcoin Forum

Most people here and reddit will defend bitcoin no matter what instead of looking at the problems. Every time someone comments something about the speed or transaction fees they will just yell ''FUD'' or ''Another attack on bitcoin'' but it's not always that. I have been a strong supporter of bitcoin myself but we have to face it, it's not in a good position right now, sure the price is great but what else? Insane fees that are not getting solved any time soon? I know the demand is high but the ones that are buying are just buying to sell eventually not to support bitcoin, not to use it. The demand will eventually fade away and what do we have left? An outdated bitcoin that won't be able to compete with better coins.

Transaction fees bothers most of the people especially small fund earning cannot able to exchange their bitcoins in the needy time. But you will find bitcoin transaction fees recovered with the effect of upcoming fork.
Most of the trollers will be always goes on pulling down and give information like it is been used on buying and etc.

That's another issue to be honest, all these forks are getting out of hand. Also people still think that bitcoin is a currency but who uses bitcoin as a currency right now? Even the developers that maintain bitcoin's code right now think bitcoin should be treated as a store of value not as a payment option.

Why not think of this, the reason for the rise in the fee is because of the price rise, miners want profit, bitcoin cash seems better to mine, so the reasons for the fee rise. The fees are high but so are the prices, can people not compensate and deal with the fee issue for now? Bitcoin may have competition but at the end the support for bitcoin is more than the support of any other coin and bitcoin will win easily.

I'm no tech nerd so I don't know how to solve the tx backlogs but it's really the forks that bother me. Every time I see it on the news I'd go "God, is this the end?". Does slowly chip away at my confidence in BTC.

The increasing fees and delayed confirmation time is definitely a legit concern. The Bitcoin Cash pump and Coinbase insider trading is at most an indirect attack, pump is part of the unregulated free crypto market, expected, but it was an unethical behavior from a major exchange, but calling everything an attack is just irrational. Right now the Bitcoin network does have a major problem and it might get worse until LN is implemented. For the time being I think the only solution is to increase Segwit adoption by using Segwit supported services or requesting your wallet/exchange providers to upgrade to Segwit ASAP.

I do understand your point and on your opinion which i do agree on some points where people do still protecting bitcoin instead on the flaws that we are seeing as of now but you cant really blame them since bitcoin is really the first cryptocurrency which most people did able to engage on and did see the potential when it comes to demand and price increase but now it turns out that flaws are already being felt.

While arguing the fact that Bitcoin fees is rising, have people looked the other aspect? The second best cryptocurrency (can by argued) is Ethereum and transaction fees of ETH lies between $1-8.5 depending upon GAS limit just at this level of adoption. Think if it reaches at the level of BTC adoption, what would be the fees! Same is the case with other coins, their fees depend upon their spread.
The fees of Bitcoin is high because it is most spread cryptocurrency and huge number of transactions are made daily. I doubt if any other coin used at such spread can deliver transaction at relatively lower fees. More or less every coin is Scalability prone.

I agree to this people really rely on bitcoin because of its very appreciative value without even looking ag the scenario that keeps distracting our transactions. Bitcoin is outdated and that's a fact but since it's value keep growing we ignore that fact but sooner when more and more transactions get stuck I think people will realize that there is really a need to enhance and develop bitcoin because time will come a bigger transactions might get stuck that will surely cause more problems

It's not a fact that the next leader will be the name "improved bitcoin". There are many altcoins and everyone has a lot of pluses.

You're right, in fact there's a bias either way, the problem is that bitcoin can be influenced by peoples opinions and so people will always rush to either defend or criticise bitcoin without much consideration as to what the actual concerns are. If we all put our brains together and discussed things constructively we could much better work towards building something that will be suitable for the future.

Same assumptions on here which we do argue about the fees without even thinking that if alts would go on the current position of bitcoin regarding on adoption level would completely experience such problems too but yet its not still sure if they would but chances would really be big. Adoption is one of the reasons why these fees rose up high together with the greediness of those miners which isn't really surprising at all. People would always be biased on the things on where they do benefited the most.

You are right that most people on here defend bitcoin without taking into consideration the other side which is short-sighted. But we are on a bitcoin forum I mean did you really expect any different? ::) I know I didn't but again it would be nice to have an earnest conversation about bitcoin especially those problems that plague it. I do think though because of how big bitcoin is it won't go under because of transactions fees or block size. Those are issues that can definitely be figured out, and one all will want to see a consensus on therefore don't worry too much.

Sure but that's still a problem, regardless if alts would experience the same or not. You can't just say, yeah fees are high but hey if an alt had the same price the fees would be high as well. That's what I'm arguing about, the price is too high and the technology is not there to sustain it.

No doubt bitcoin really have problems. Almost everyone complains about the congestion and the accompanying increase of the "acceptable" transaction fee. People should be able to discern legit criticisms. Sure, if you like you may think of the recent dip as an attack from BCH supporters but if the talk is about scaling then we have to accept that it is currently really having difficulties.

Am I optimistic about the price? Still yes. About bitcoin becoming an easy mode of exchange? Not so much anymore.

I see LN as the only viable option to fix tx fee and time. Scalability issue is indeed at heights and these shit forks are only increasing the problem.

But I want to talk about the utility here. If you need a coin with utility as currency for everyday transaction, then even if fees goes down significantly, no one is going to use BTC for that because of the inbuilt deflation. As supply is limited, adoption is increasing and hence, price will rise. BTC has become a ""store of value"" than a currency.

For currency purpose we need a currency with little or no deflation like XRP with large supply. Bitcoin can never become that with 21 million supply. A little inflation is required for building a currency that people will actually use.

Coinbase and Bitpay are probably the two most relevant Bitcoin businesses in
terms of transactions per day. Both have refused to adopt Segwit in spite of
enormous user demand. They are clearly following their own agenda, because they have
been complaining about rising fees for years and when finally an improvement is
possible due to Segwit they refuse to integrate it.

Other exchanges and service providers have switched to Segwit addresses completely. Instead of doing this
overdue improvement they decide to prepone the BCH trading launch.

These businesses are a huge cancer on the Bitcoin industry.

frustrating really , but i see this kind matter just as a game of market maker. people won't lost interest in bitcoin , just the matter of time that everything could get back to normal and even better than ever , LN should fix this.

bitcoin cash , bitcoin gold take this matter as their advantage indeed but won't affected for long term.

Currently more than volatility,  transactions are only an irritated hurdle. But overall with the benefits of bitcoin, transactions should not be that much of a bother when the trans are made with huge amounts as high fees can be avoided. Cryptocurrency is not controlled completely by some entity so there is bound to be some shortcomings.

Why do we need inflation? You know what national banks are in collusion with the government use this mechanism? It is attempt for your account to close holes in the economy. It seems to me that the government should manage the economy so that we did not pay for their mistakes. That is why bitcoin has become so popular.

Inflation is an hidden taxation, and governments always used it deliberatelly in this sense.
Whit bitcoin this is not possible, but who knows what a politician can invent to fraud the citizens?

Why people have the mentality of inflation being a negative thing? Huge inflation is negative. But we need minor inflation.

""Inflation drives spending""

Suppose you have deflationary currency with which you can buy a car. But if you hold it for some months, you can buy 2 car. What will you do? Will you spend it? No. Same is the case with BTC.

Fees are high but I would say that fees are following the bitcoin price. And not every exchanger or wallet have extremly high fees so there are options.
I agree that this problem should be solved but what bothers me the most is that when the price is on the rise no one is talking about the fees and everyone is saying that bitcoin will conquer the world. When the price starts to fall everyone argues about fees and how bitcoin will die soon, that it has no future and similar. This sucks.

Inflation means that your money, I mean your "reserve of value" loses value.
There is nothing positive in this.
Of course it's an impulse to spending, but I don't see any good, at least at personal level: why to buy something if you don't need it?

The one that's biased is you. Have you seen what some trolls here are saying and have you thought about why the answers to those statements are "FUD!, trolling" and such?
When I see a newbie coming to the forum and starting a thread titled: "bitcoin is dead" or "bitcoin is shit" or something in that tone I react to it by reporting that crap or responding with a defensive approach.
What would happen if you marched into a black neighbourhood with a I hate niggers sign? We are very nice and polite people, if someone says he hates BTC we're asking for reasons. Black guys would call your mom names and threaten to shoot you ;)

https://i.imgur.com/EJ3d6y7.jpg

It's ok to point at bitcoin's problems, but it's NOT ok to sell your altcoin as the solution to bitcoin's problems, when your altcoin is not a solution but a scam making false promises.

There's not a single altcoin that scales anywhere without ending up with the same problems.

Tall these POS and tangle coins are nothing but scams.

LN will solve the scaling problem, just give it time for it to be properly released and implemented in websites all over the world.

Simple:
I go to work, and per one hour, I get X EUR.
Since I do not want to take loan or something, I want to save up , for example, 20000 "X"'s (10year wage)
but since there is INFLATION, I am losing on my day1 save of 8 "X"'s approx 1.03^10 , which means, my 8X will buy only 5X or so with 10 year difference.
Since the thing I want (say a yach or something, doesnt really matter at all) is very expensive, therefore 10year wage, no loan, just cash. How to beat inflation? Risking stocks? Bank deposits?
This is scam. People will spend even with 0% inflation.
You said, one car today, two cars in months. That's extreme deflation that will never happen. I don;t want deflation, but nor 3% inflation.
How would you solve my 20000 hour wage item I wish to buy without loan/margin?
please elaborate, thanks :)

I think Bitcoin being the first crypt-currency have physiological effect on people mind. These people have some emotional attachment to it in some way or other. Bitcoin has inc. these people money or savings into 1000x, 100x, 50X or 5x, it doesn't matter , what matters is that these people had achieved their life dreams with the help of BTC price growth, so definitely there is a soft corner for BTC in those people heart and they just don't want that any other crypto should BTC ever.

I've been very transparent about my stance on the current state of bitcoin: it's shit. The prices are up, that's great, but what about its usability and scalability? Did SegWit help bitcoin in some way? I think not, and most users who have used bitcoins to transfer money before are now using other altcoins to transfer their money. Bitcoin is being looked up as an investment by most people and forget that it's also initially intended to be a cheap and efficient transfer of value. No one's being bias about that though, and believe me I've met so many people being biased about fiat and the banks as well.

I know what you feel man and I'm also keep on defending and has been a supporter of bitcoin since then but this is the reality and it speaks for itself.

Before there are too many people that are loving the way sending transactions with bitcoin because it's fee isn't that high whether the price of bitcoin is high or low, it comes up to 5 decimal places just for the fee.

But I have faith into the core devs and this major problem of bitcoin will be solved soon.

What makes bitcoin so popular is that it shifted from becoming a crypto based currency to an investment, as its price started getting higher and higher, so when asked about the common problem that bitcoin faces today in comparisoin to the other coins most people won't even bother with it because they don't care if the transaction is fast or slow if the fees are high or low, either way thier bitcoin is always going to stay within their wallets, the only thing that they care about is wether the price goes up or down, when it comes to high fees the transactions are verified by miners, and as we all know bitcoin mining has become a task only for the people that own extreamly powerfull machines, and with less miners comes more transaction more transations mean the more you pay for the miners teh faster your transaction will go.

Op you are actually saying the truth and we have to read others people comment about bitcoin instead of just ignore or saying things about people comment about bitcoin. I have read many comments on so many threads here and I have find out that bad comments about bitcoin always get bag but it is not supposed to be so.  We must be realistic to ourself and accept the fact that mining fee is the greatest enemy of bitcoin!

Maybe they aren't but I can send ethereums almost instantly with far less fees right now. I'm not saying ethereums would scale better but right now, why should I buy/use bitcoins when I can buy/use ethereums? If I'm just buying bitcoin as an investment I might as well just buy eth or other alt coins that can do a 2x or 3x much easier than bitcoin right. Not everyone agrees that LN will actually work that well. Historically the solutions haven't really been too effective.

Actually, everyone with a little technical background knows that bitcoin has some structural problem that will bring the system to a crisis.
But nobody know the exact moment, so there is still a lot of space to make decent gains.

...

I haven't seen much evidence of ethereum or other alts having better network capacity than bitcoin. Alts only appear to be better suited to handling transfer fees due to their volume and usage being substantially lower. The idea that bitcoin is "falling behind" in comparison to other crypto could be an ethereum marketing gimmick which was outed by eth cat apps.

Part of the issue with btc transfer fees could involve wallets recommending far higher transfer fees than is necessary. I think I sent a transfer a few weeks ago with a fee of something like 0.0003 and it worked ok. The fees wallets are recommending could be exaggerated in value, although I'm not 100% certain on that.

I don't know if a solution exists but maybe we can organize and use lower fees on transactions to force miners to accept fees that are steadily decreasing, rather ones that are doing the opposite?

Fee lets say is not an big issue, bigger issue is waiting  time to get your transaction confirmed we need LN ASAP to solve this issue. Its easy to believe in bitocin and other alts when price is raising, but when its falling down its hard then, really hard. You have many people that are buying at ATH in hope to get rich quick and when they see price to go down they are angry as hell because nobody loves to lose money.

On the other hand you have people that are trying to escape from this fee problem into alts where it gets ugly as everyone that owns or that is invested in particular coin want to tell that alt which he/she is holding is the best one out there - but in reality it is just another tactic to lure people so that others gain. Thats what I understand is happening with BCH, there are a lot other coins out there that even have faster blocks, lower fees but people that have heavily invested there want their voices heard, we have many people in BCH that are popular figures within it which causes it to get noticed. People fail to look for fundamentals and what is and what should work, they rather go with other opinions in search for quick buck if they don't have their opinion formed on the matter. I have nothing against BCH, just the way they are attacking btc like there are only bch and btc out there in field, but in fact they are not.

That's why I am saying cryptocurrency trading is pure gamble because we can see that it is mostly used as playground for people to speculate the price, its sad but this is how it is today.

Yes I agree with you that people are extremely biased towards bitcoin and yes of course it is one of the best cryptocurrency which is having huge demand and highly volatile in nature.

Transaction's fee really matter's a lot here for small traders with small amounts, and i think it will soon settle down during the upcoming fork. I have noticed that before the fork the transactions fees just surge's and decreases once the fork has been ended. Once the demand get's filled or fade away then bitcoin won't be able to compete with other coins which are good both investing wise and technological wise as it will gain demand based on it's technology in future for sure.

There is a lot of misinformation in mainstream about anything, and especially about cryptoworld.
Even crypto fans has a lot of strange ideas.
But this is not a problem, who have the right information will win. Simple.

Maybe but maybe not and all these forks are not good for your average bitcoin user, all these ''complicated'' issues are scaring people away from bitcoins or cryptos in general, which might be ok for now but eventually it's going to be damaging.

But what did you expect? You are going to find some of the most convinced people about bitcoin here on the forum and reddit, it is like trying to talk about the limitations of gold in a forum about gold, it is obvious they are not going to be very open to criticism even if what you are saying is completely true, also since those people have a good knowledge about bitcoin then most likely they know that and they are not interested in hearing it again.

Well if the 2mb hard fork happens then the fees should get resolved in the short term but I agree with you that people refuse to see the problems associated with bitcoin but that is because they are so heavily invested they don't want to believe it isn't anything but perfect.

Honestly I expect alts to eventually take over the lead but bitcoin does at least have further scalability coming on the way, a segwit wallet is soon coming out and it is being used more frequently now, 2 mb blocks should b here soon and that hopefully will give enough time for lightning to be deployed.

It is obvious that one of the major hurdles of bitcoin nowadays is the high transaction fee that is why others think twice when investing because when they see the transaction fee and they are only investing a small amount then it seems not worth it because the case may be that they are paying higher transaction fee than the amount they want to invest. I hope that sooner there would be a solution to this problem because it may be the cause why people are shifting now to other coins instead of bitcoin and maybe the cause why bitcoin would not be the king of cryptocurrencies later on.

I think is was inevitable that people would look for better solutions then bitcoin , not only the transaction fees/speed but there is also better tech in other coins .
People who defend it are probably people who still hold it .

People are extremely biased towards bitcoin for many reasons. Those that still holds bitcoin with them would continuously market how good it is and how it even pioneered the cryto currencies nowadays which is true. Bitcoin has been and will always be successful as they always believe because of those people who never let it go.

as the increasing taxes on transaction and deferred confirmation time is unquestionably a genuine concern. The Bitcoin Cash pump and Coinbase insider exchanging is at most a backhanded assault, pump is a piece of the unregulated free crypto advertise, expected, yet it was a deceptive conduct from a noteworthy trade, yet calling everything an assault is simply nonsensical. At this moment the Bitcoin arrange has a noteworthy issue and it may deteriorate until the point that LN is actualized. For now I think the main arrangement is to build Segwit appropriation by utilizing Segwit upheld benefits.

Same thing why roger ver turned to bitcoin cash. I think segwit2x not pushing through last november was a big blow to btc since it could've negated some issues btc transactions are having right now. Though it's still bitcoin for me. I don't know, first love never die as they say

People knew that BCH was going to be added to coinbase. You had some news that they built their system to enable easy integration of new coins. Roger Ver confirmed in the comment of his livestream that it was going to be added this year there. Some people saw indicators because they saw in coinabse API that there's BCH. Ofc there was some obvious pump before it was added, last time the litecoin was added price of LTC pumped as well, but it was kinda different. Coinbase said they were going to investigate in this pump before they said about BCH, but let's be honest they don't care much they earn from people trading thats all. They've done their job by sending emails to users to invest rationally because cryptos are risk investment so if something goes downhill they got that covered. They are business like many other and are doing their job, to accumulate more wealth.


LN is currently being tested on testnet, so if you want to check it out you can with testent + you can get "free" coins to play with on there. Thing is that LN will allow us is fast payments like instant which is more suitable for businesses in my opinion. If you wanted to buy something at grocery store you want to pay for items and go home. With blocks having like 10mins time before transaction gets confirmed, if we say network is free - there are no to many transactions in mempool, it's unacceptable for stores to accept it as means of payment because if they accept not confirmed transactions you could double spend. Other way around is to wait for at least 1 confirmation. LN will not only give power to miners. There are benefits and downsides to LN ofc, sadly it will still take sometime until we see massive use of LN on main bitcoin network because if you are dealing with money you need to make sure that everything works as planned, you don't want to make people angry.



Thing I don't like BCH for is that people there mostly sold their BTC and just want to lure all of us there, at least my perception of how things work. If they lure enough people they get rich. There are a lot of alternatives BTC and BCH are not the only one. We are just spreading hate insted to sit down and think about how we can make it better. I mean if any of this goes global, like mass adoption most of alts, if not all will have to scale eventualy on one way or other.

 I don't really like Roger much, I think he is really great person tho, but every time he talks he is negative to BTC , to other BTC forks and even alts and talks like BCH is real thing. It is expected since most of his holdings are in BCH but the way that he present it is killing me. Don't get me wrong I don't hate BCH have my holdings there as well as in bitcoin and some other alts. Problem is that when you say Bitcoin to people they have prob heard of it, but if you say Litecoin or Ethereum not many will know what is that.

Ethereum and its ecosystem deserve more attention

As much as the transaction fees are a pain for bitcoin users, the lack of adoption is also a problem with the use of alts.

I think that demand won't eventually fade away. Perhaps the hype for it will, but while people are still getting profit from bitcoin there will always be demand. This demand may also bring the miners and developers to find solutions to these transaction fees. They would have to conform to the users eventually and they already profited more than enough. Otherwise, the bitcoin users would have an outrage. Maybe this can't go on for long.

No matter the situation on bitcoin it is on bitcoin alone if it is not the user's use is the problem probably change coin exchange it or sold. The demand is the one that criticizes more often. We average users have slow impact on bitcoin but on the other side that invests more than millions on bitcoin plays a huge role in it so it is not our problem if bitcoin losses value it is like life sometimes on top sometimes not.

I too have been a strong supporter of bitcoin in the last few years and been depending bitcoin in and out of the forum, but we have to face the truth that there is really a huge problem that has been going on in the past few days, i hope they better do something fast on putting the segwit or lightning network fast so that transaction will be normal again.

People are lazy and risk averse. They don't want to invest in bitcoin, neither mentally nor financially, but also don't want to miss an opportunity. This creates an uncomfortable cognitive dissonance, which is quickly resolved by convincing oneself by various means, that bitcoin can't possibly succeed and is a waste of time and money.

Actually I'm pretty convinced is the opposite and I'm not claiming to be an expert whatsoever but the majority of people in this forum and reddit don't seem to know much about bitcoin in general, only the few things that everyone says. So I doubt they have a good knowledge about bitcoin, they are just blindly buying it expecting to be rich.

That's a vicious cycle, demand relies on bitcoin giving profit and the bitcoin price relies on demand? It doesn't seem like a good thing to me if the price only relies on demand and not good news, like having less fees or being adopted somewhere, no one seems to care about that now, long ago if steam were to announce they would stop using bitcoins people would get worried, now? No one gives a fuck.

Yes its true. As an avid supporters of bitcoin of course they keep on defending it no matter what. We can't deny the fact that bitcoin encounter some problem due to its high rate of fees. And we, as a user of bitcoin we have nothing to do with it. Its only bitcoin itself can solve its problem.  We are only here to support bitcoin along the way.

I don’t accuse anyone of such manner as FUD if the reason is right, even I always depend bitcoin and it’s disadvantages at this moment. But I gonna ask anyone, if the one or this every individual will stop depending and give up on bitcoin what will happen? Do you think it will stand to go higher at this moment, we’re the one doing the job and we all benefit from it. Even those who keep making negative post about it.

I don't think that people are extremely biased towards bitcoin, they just believe in the future of bitcoin even there are some disadvantages like high transaction fees. They see that they can earn a lot of profit from bitcoin even in the future because they know it will continue to rise.

It's down to freakin $12,000 now. People are probably rushing to get rid of their bitcoins.

True, it's no longer as efficient because of technical issues but it's the "gateway" crypto for most people. If it collapses quickly, it may bring down cryptos with it as people start staying away after losing money.

Yes it is true up to some extent people are very sensitive towards bitcoin and i hope that in the future may we become more biased towards bitcoin it is the people preference and need of this currency. the good thing of bitcoin is the ready and steady income source of income for the bitcoin users and when a person knows that it is the motive of many people then the biasses starts. But it is not the bad thing people are moving to the modern era and we can be the successful users of bitcoin in the future.

I agree with you OP, and most certainly it is true that people are extremely biased when it comes to bitcoin especially with the transaction fees that's soaring high. And most people are just buying and selling bitcoin because it is "hot" now but not really are aiming for its real usage; but that's just the sad part of these cryptocurrencies and because it is overly hyped now people are just selling houses and cars and whatnot just to buy bitcoin so they could make money out of it.

I didn't even realize that people respond with "FUD" and "another attack on bitcoin!!" to people who are seriously asking about bitcoin. I don't know where you found those things but I guess you ran across some trolls and thought that was the case to everyone in here. (And I guess you can say that I'm saying that you're wrong AGAIN but..) A lot of people here are actually open about those things and aren't blinded by some light of the amount of money they have been earning from bitcoin. I wouldn't say extremely biased and I would not even say biased at all just because people don't really have to defend bitcoin since they are getting zero benefits from it. It's not like if they were able to persuade someone to buy bitcoin, they are going to get any money from it. I think it's only the beginners who are trying so hard to defend bitcoin and might even go biased about it just to make bitcoin look good. The bitcoin users that are making money from bitcoin for a while now have already realized that convincing other people to think differently about bitcoin is just a waste of time and they could have used that time to make money.

It is extremely bothering bro and if the scaling issue is dragged, bitcoin will end up losing its taste and once other coins start showing practical usage, legacy will not be there to sustain bitcoin from being thrown out of the show. Bitcoin issue is becoming more like Nokia right now. They keep using the strong tag on their phones and refusing to adapt to the main thing people need, probably out of pride or just stupidity and now the likes of Apple, Samsung and co, threw them out and now trying to gain relevance back. If care is not taken, the same fate awaits bitcoin.

people who doesn't know how this system works will lose a lots of money as they will be in panic after seeing the price fell almost 50% from its peak,
but I think its not biased at all if we as believers still relied and believe that bitcoin will bounce back and new ath will be hit maybe first quarter of
next year.

Insanely high fees is definitely a major issue, no matter how much the core developers and their retarded followers like to sweep it under the carpet. Many of my transactions have been stuck for the past few weeks and I am getting frustrated. I hate to say this, but if these people behave in such an arrogant way, then I will be ending my four years of association with Bitcoin and moving to Bitcoin Cash.

Bitcoin may not be able to compete with other coins as time progresses and the fees are a problem. Many are biased with bitcoin because when they first hear of crypto they hear bitcoin and usually haven't read much about it and all the want to hear is the profit to be mare or has been made through bitcoin and crypto currency.

Reddit is literally filled with these posts and they get hundreds of comments and upvotes. You can go and check it right now, 90% of posts are just memes about holding and whenever anyone in the comments talks about important issues they just insult him/her. https://www.reddit.com/r/Bitcoin/search?q=fud&restrict_sr=on&t=week

And I do agree that there is some FUD but a lot of people are genuinely concerned about the problems and not just spreading fud.

this is true, because many people enter the arena of bitcoin and cryptocurrency in hope to get quick rich, they want to find gold rush. Thing is its hard to believe in something even harder at beginning of it (specially for people that were around from like 2010-2013 or so. IT has nothing to do with the price, we are building the better world here ladies and gentleman that other people haven't seen and some barley understand. This is not about only bitcoin and how money works, this is about our privacy, our right as human beings to say NO to other things and to build up the better decentralized world out there which will be safer, be more private. We believe in software not in 3rd party/middleman in banks or some multi national corporations to guide us.


Many people, including myself, first hear about bitcoin as it was the first one in the line out there. Plus there are many news about it and it dominates the situation as of how it is today. You don't explain to other people what ethereum or litecoin or any other alt is. You tell explain them by comparing it to BITCOIN. It is the first one out there and I do believe that we need to save it to be dominant in it's space in future, at least we own that to Satoshi Nakamoto.

That sucks too and it is concerning that the community is really not even helping matters with all those forks. Sometimes, I get so scared wishing and hoping that the end is not actually near for bitcoin with the way things are going. Forks every day and even the bullshit ones, transactions getting stuck for days even with high transaction fees and things are really beginning to get out of hand. This is not the bitcoin we want, let's be honest.

It is not about supporting something alone, but we really have to work and criticize the system when things are not just right. Honestly it is infuriating when no one is really talking about this. We are seeing it already now and we can see that so many people are already getting to see how things can really end up in the long run if some things are not just taken care of.

Yes, that may be the reason for the price hike, but let's face it, bitcoin itself have some problems and issues that should be solved. If the scaling issue is solved, we will not get to keep seeing some of these things happening or see some miners holding us to ransom and doing whatever shitty thing they are doing.

It is crazy honestly, and bitcoin cash may seem to be an alternative but we all know it is just a manipulated one. However, support can die for anything if people end up not seeing what they really want in something.

It is really a big issue and everyone just seem to be quiet about it and huge supporters will blast you if you yell the truth. I have made a transaction on bitcoin now and it has been five days even after paying a huge amount of bitcoin with a huge equivalence in dollars to get it confirmed.

It sucks really when I can just use another currency to get this done faster. If this goes on, things can change and it is just a matter of time before we started seeing another digital currency leading the way.

Yeah politicians can do anything for their well. They may search those who have invested in bitcoin and impose tax on their profit. But till date there is nothing like that and I am pretty sure that the government will not involve in bitcoin for the next few years. Bitcoin is decentralize and the government has nothing to do with it but may as you told that some people get involve for their financial benefits.

Also all the bad and scam exchanges out there. Obviously this is not bitcoins fault but it's a big issue that stops a lot of big investments from happening simply because exchanges can't handle it. Even the ''best'' ones have support problems and they are slow when it comes to cashing out. Bittrex recently fucked up and blocked/disabled an insane amount of accounts for no reason and they didn't even apologize. Same problems happening on cex.io and even bitstamp. We need a solution to this soon, we need professional exchanges.

In my country most people are unaware of inflation but they pay for everything without any queries and the officials also tell lie about the inflation rate. I think that bitcoin investment is only thing that keep people safe and secure about their future because of no involvement of governments. If the government imposes direct tax on bitcoin then investors will not earn so much money from their investment in bitcoin.

I totally agree. The crypto community in general is filled with toxic people who are just here to make money, and not support the idea of bitcoin and such. Some also blatantly defend coins/tokens they support without providing a structured argument. This needs to change in order for crypto to actually face mass adoption and survive through the times.

You're running into this because you're on bitcointalk. Of course people on this forum would be biased towards Bitcoin. You'll also probably run into people who are trying to maximize their profits because they know that bad news tanks the price while good news can raise it. So, if they minimize the bad news and push out those who are pessimistic/realistic, then maybe they'll make more money.

I do believe that Bitcoin isn't the best solution. However, I also believe that it's the original solution and that just that presence will give it some value as well.

ohmygod, eventually the sober thought! I really don't understand all the hype around bitcoin. The fact it was the first only means the technology needs to be enchanced every time to be able to compete... Will it in the nearest future, when new and more advanced blockchains are developed?

Yes this issue of fees is taking a lot of time to get resolved in first place. The bitcoin as we know it is the best currency over the market and nothing is gonna kill it anytime soon. The bitcoins had many problems earlier too but somehow peoples have started trusting it a lot and this is what causing the big investment into it. This ultimately gives lot of freedom to bitcoin and its market capitalisation keeps moving further only. Bitcoin have been the thing of bestsellers trades and this tag will never go off if bitcoin's user base is strong like toady. Not to forget that when the scale up issue will get resolved this will bring the fire of investment into it and thus once more bitcoin will make giant leap.

Peoples will be always biased about it because they don't think about it in the long terms and just conclude the whole story with insufficient data or lack of reality. Bitcoin is however will go trendy sooner than we think.

Yeah, I think we cannot deny that problem anymore. I think an immediate solutions to this problem should be done or else investors will fade in bitcoin.

the number of network traffic and the bustle of the server this is causing some puncture from bitcoin slightly disturbed I think hard fork is one way to reduce the traffic of the current transaction of course will continue because of course there will be many investors who make large profits at a time when bitcoin prices are high. and for the problem of considerable transaction costs this of course can happen because the price of bitcoin is high enough. so the costs for transactions will tend to increase this high because some want to take advantage of transaction costs on bitcoin. and I think this problem will be resolved once it has been a segment for a repair that aims to get the network back up again correctly.

Yes, there are also some drawbacks of bitcoin but it also is having unlimited benefits and properties. Nothing in the world can be perfect, everything have both advantages and disadvantages. I agree some people are facing with bitcoin but also many are using it very comfortably, we should look to a thing from every side before giving a review about it. I think bitcoin is the best in all and it perform its best in everything.

i generally agree with what you said in here but not completely. 99% of those who are saying something negative about bitcoin are spreading FUD and i have been around long enough to know that.
we all know the problems but only few bother to check out the solutions and see where we are on that front.


and here is a good example in your own comment! you either don't understand things or are spreading FUD.

what better coins? and why are you calling them "better".
can they handle for example 1000 TPS? have they ever reached that much and remained there? so why are you calling them "better"?

of course it is easy to create huge blocks (eg 1 GB!) and lower time between them (eg 10 seconds) and then say my coin has the capacity to compete with all the fiat and crypto combined transaction per second. and never even go above 100 kB per block.
bitcoin cash is making such claims with 8 MB blocks, so do 100 other altcoins. but that doesn't make them true.

that’s because we are benefitting from bitcoin and i think that ishthe human nature of people. Years ago when the cryptocurrency wasnt this big we badlouth it in disbelief but now we heap its praises because it has exceeded expectations

Scaling is a problem for any coin, however other coins do have better technology or innovation in other things. Bitcoin started out as a virtual currency, do you see bitcoin as a currency right now? That's the problem with it, it's not clear what it is and you can find people here and other forums arguing about it, some still call it a currency while others keep saying it's an asset, virtual gold. So which is it? Not clear. Other coins however do have clear intentions, sure most of them are garbage but there are a few that actually do what they said they would.

Well, I do agree with you. People that hold a certain coin is going to defend their own coin for their own gains. There is no way they won't do that.
As an investor, you should know that you can't depends on anyone else, do your own research and take your own risk.

Well, you can't blame people from defending bitcoin as they have invested on it. For sure they will not let others just to make FUD's about it, investors knows this problems and sometimes don't care as long as they are making money out of it.

I don't understand why we call "biased" people with strong believes.
If I put money somewhere, it because I think it will bring me good results, so of course I'm "biased".
But that doesn't mean that that I can't change my mind if I receive new informations.

Anyway we must also see what will be the negative sides not only the positive side but as of now that bitcoin is really one of the most best and valuable coins we must take this opportunity and trade with it while it is still on demand.

I don't think we can simply call it as biased. With the continuous increase in FUD's spreading in the forum, it will be unfortunate if all will succumb to this news and sell their bitcoin right off the bat. There will be a major dump which will affect the price of the bitcoin. It will gradually decrease that is why most holders will try to defend bitcoin or their coins so as to put a good argument and make everyone believe or understand all the possible qualities of their coin so other can continue supporting it, too. Everything is for their personal gain, but I do admit that there are some of those bitcoin-fanatics here in the forum.

It's true that someone takes bitcoin with a cultish approach, but it's clear that - if you put money in a business - you need to believe in it.
So, if we are here we believe in the future of bitcoin and - for outsiders - this can make as appear as "extremly biased". So, what? :-)

of course we need to believe to something that we are investing no matter what it is or how much you invest, especially in crypto it must be know by all people so that the demand will rise and all of us can benefit about it, if we don't believe in what we are doing or with our business I don't think that bitcoin will still exist.

Some of here are just joining the discussion about bitcoin. They spread the FUD information in order to mislead the newbies. Some of them are altcoin developers and haters of bitcoin.
Its sad to say that there are lot of rumors that bitcoin always involved and we don't actually know if all people are still happy to use and invest in bitcoin.

The trurh is that we are just hearing good news about bitcoin because we are in the platforms where bitcoin users come together. Well, the main reason why bitcoin appears to be a negative thing is because of the mainstream media. They just report and mention bitcoin everytime that there were issues being involved with it. Bitcoin also become so related with Scam that its why there really few peiple only who come to know it.

It's unfair to call "biased" the bitcoin community.
If bitcoin exist today, with so much success is because a small group of crazy visionaries insisted in Satoshi's project in spite of general skepticism and derision by "experts".

Bitcoin is called digital gold, and it should be used as gold. That is, as a long-term investment asset. In order to pay for goods, there are more suitable tokens

It did happen, it's something that bitcoin needs both ways, it needs to be seen that there isn't blind faith and at the same time that there isn't just an overwhelming sense of dread and doubt around. As the community we can do bitcoin a service by being open and honest about its capabilities and limitations and that way we can highlight what needs to be done for bitcoin to improve and grow.

I'm afraid that high transaction costs will allow bitcoin to be rarely interested in and this will lead to go drop ,not only that now many new alt provide better than bitcoin ,but still bitcoin will be the most popular among the crypto that carries freedom You are right ,people now consider bitcoin as stock and keep it or hold but not everyone is like that

I still see that as problematic. Gold exists, sure you can buy gold without holding it physically but if you wanted you could hold it in your hands. It's also quite hard to withdraw bitcoins to fiat, look at cex/bitwala and other exchanges/services, they all have trouble with banks and legal issues.

They're probably the type of epedimic disease here in crypto that always says lambo and moon. I agree on what you have said on your post but don't worry because I know this will be solved or else another altcoin will takes its place once everyone will fully realized the main problem.

Why are so many people biased against bitcoin? In general, it can be summed up as: bitcoin not only challenges their status symbols, but also challenges their fundamental values system and survival, and is a blatant challenge to him. Because they don't understand bitcoin and don't try these new things!

I think they are doing it because its a good strategy, if some one attract to invest in a certain coin that has been advertised, the price of that coin will of up due to the demand and the investor that did will sell his coins to make profit, its just a cycle of this scenarios and its up for us what we will do about it.

Bitcoin would just be overtaken by other coins sooner or later if the current problems regarding the transaction fee and network congestion would not be solve. Let's just accept the fact that there are already coins that are better then bitcoin but because bitcoin is the first then it is famous but it may lose its crown to others when the developers would not be able to address the current issues. There are coins that have no network congestion and lower fees which practically would be better than bitcoin.

It's true that there are some immature ones that will keep saying good things about bitcoin and ignore the bad ones. Their support to bitcoin is actually a good thing, but it may be kinda annoying for those who really understand bitcoin, not only knowing that bitcoin is great, and can give us money.
Sure, there are some issues about bitcoin like high transact fees, long time to transact and such, and many people tend to ignore that, and even get angry if we say bad or disadvantages of bitcoin.

Thats why everytime i always choose to be a neutral about this because its normal to a cryptomarket and you do guys are disagreeing onto something. Bitcoin is getting low so we are worrying about it ? isn't that its like an opposite that we are excited when its increasing ?
I'll wait for this bitcoin and i hope it will get better

I do believe that some of the people here tend to be bias toeards Bitcoin, but I do understand their part somehow. We know how much people would favor it during its high times. What they don't know is that during the peak, people tend to use Bitcoin inappropriately affecting its growth and changing its patter, to which people would not like. What's even worse is that the transaction rates are out of this world. People should understand that these situations are also a result of their actions. I guess what I  really trying to say is that people would have opinions but what matters most is what you think and how you handle your Bitcoin.

Actually when you check market so there is only one option left and that is bitcoin because nothing is left in market there is not only one good quality in bitcoin its full of good qualities and that’s why everyone they are crazy about bitcoin to join because bitcoin is providing a very source of income for people and day by day its importance is going high and I, also a part of bitcoin because bitcoin is now a part of my life.

It would also be quite beneficial for the whole market if bitcoin is not mainstream anymore so it doesn't drag down all the other coins with it like it's happening now.

We could not  blame  sometimes people blasted towards bitcoin because sometimes people become desperate and all they inspected always a positve outcome of cryptocurrency and  there mind always not accepting a failure or dumping happen in bitcoin.bitcoiner always put up in there mind that to gain earning and they always take aside all faults about bitcoin,just like a highest processing fee,in terms of trading investment,they always condem it,without knowing that this is the part of scenario in cryptocurrency world.

In a way you are right but you need to understand the position we are in, there are attacks against bitcoin from all fronts, the media, governments, banks and even the miners are attacking bitcoin so when someone begins to talk about the flaws of bitcoin is natural for people to become very defensive.

the withdrawal fee depends on the bitcoin price itself, possibly even though the small withdrawal for the small fund revenues person can still yield little if any. because the high cost is influenced by the high bitcoin price.

I've witnessed a lot of people talking about bitcoin in a negative way claiming they no way will be involved in that kind of crap. Many people believe there is something wrong about digital currencies, as they are not supported by gold for example. So, social resistance is high

You told a lot deeper thought brother and we need to change his biased thought of people towards bitcoins :)

People are right! What else can bitcoin even offer us rather than just gambling and unreliability?

Or else what can people do? Stand and help btcs to grow? Will it ever happen in this rushing world?

The way I see it, these people who ought to be defending bitcoin must be the ones who benefit from bitcoin. I'm quite sure that they have experienced how great bitcoin is and earned money using investments on bitcoin, that's why it's natural for them to defend bitcoin no matter what.

Yeah, well obviously but in the end it might just be hurting bitcoin. You see hundreds of posts of ''buy the dip'' or ''this is why the market crashed'' all the time. The truth is that we might never see an all time high from bitcoin. I personally truly believe in the technology, however bitcoin might not survive, there are other coins now and in the future that have or will have better technology and applications than bitcoin. The only way I see bitcoin surviving is if people accept that it's never going to be used as a day to day currency and we start focusing on what the current applications really are instead of pushing merchants or business to adopt bitcoin.

This proves only one thing.that bitcoin has a lots of supporters and believers nothings wrong upon defending bitcoin.because this hige coin has given more than many users here..

many things bitcoin can offer,the problem is you're mind is close to thatopportunity

Its better to leave the bitcoins because they can show an aggresive mode towards us also. So why take risk?

This is only your point of view. What does "obsolete bitcoin" mean ??? Bitcoin has already reached great heights and some countries have recognized it as a means of payment, but I'm sure that its popularity will only grow, and blockchain technology will be widely used in our daily lives.

Everyone is entitled to their opinion and seeing all the arguments about bitcoin every time it changes its price by a significant value, a biased people will show up as you said, saying that people who are not actually biased and are totally honest about the current situation of bitcoin will argue over them, resulting to more FUDs and causing more panic selling.

For usurer it is doubtless that some people support the currency they get profit from and we all knows how profitable currency and investment bitcoin is and it was. Bitcoin has been proven best investment for a lot of years still people believe in bitcoin as they know bitcoin can make them rich, and they know bitcoin is only way to get fast income for your present and it is the only way to secure your future. So people are extremely attached to bitcoin for many reasons.

It is still giving profit to people, people just need to find the best time for invest, as current time is the best time for investment in bitcoin, because currently the bitcoin price is trading low but very soon its price will start increasing. Bitcoin will continue giving profit for a long time because still there is too much potential in bitcoin.

It's really just ''cringe'' and I do not like to use that word. You see plenty of threads on reddit trying to explain why you should buy now or why bitcoin is going to be amazing instead of talking about real issues, adoption, for example. Any successful cryptocurrency helps the cryptomarket as well, instead you have people fighting all the time instead of proposing any solutions or improvements. You see people here making threads about bitcoin falling to ''x'' price or rising to ''x'' price all the time too, the whole place is clouded with meaningless threads and posts, you can barely find real news or articles about bitcoin or cryptos in general.

Indeed, I also hate to see many garbage threads which always repeats the thought that the price is going down or going high. It does not help the community but makes a diversion to those who wants to invest. I we stop spreading negativity then maybe it would help to encourage investors to keep patronize cryptocurrencies.

We cant change the peoples thinking. They need to feel the difference too and the impact of bitcoins on their lives

Too few of those who understand how these currencies work, and what their consequences are. Anyway, it's completely incomprehensible to me what is deceit and what is true. But the crypto currency is undoubtedly very important.

The problem is huge as cryptocurrencies are a priori seen as an illegal mean of payment. We have to raise awareness among the authorities and create a clear image of how this technology can be used for good. Some companies are exploring the possibilities.

It is actually true, most late investors of bitcoin are not actually after it's use case, they are after the money. I really think that the more people who are doing bitcoin transactions the higher the fee goes and the slower the transactions are. There are only few miners since mining is not that profitable anymore.

To keep bitcoin more competitive and reliable we should focus on the infrastructure we make  mining a profitable. So the system become faster. Not only that we should think of profit but also we should think of what we can do to improve bitcoin infrastructure.

To be fair, regulations seem to be coming soon. They said very clearly, at the G20 meeting yesterday, that they will review regulations in July. USA is also regulating ICO's and cryptocurrencies in general, I'm fairly sure we are going to see plenty of new laws and regulations this year, worldwide. However as you said, raising awareness is good, specially with all the fake and exaggerated news that are tainting this crypto space.

It's time to start investing in bitcoin, because at the moment the bitcoins price is low, but very soon its price will start to grow. Bitcoin will continue to make a profit for a long time, because in bitcoin there are too many opportunities. I think that increasing the fee and delaying the transaction confirmation time is a big problem.

I don't think governments aren't aware or they lack awareness. Most probably are just wary about something like crypto and it's effects in the future. But they realize it's here to stay hence the need for regulations to make sure it's at least safe for users

That's absolutely OK I think; for some BTC is the reason of their wealth, some just strongly believe; I don't see any problem in being biased towards bitcoin because it's still a n1 currency in crypto.

Hi,

You are quite right when you say that many people buy only to sell. That's called trading and this is what has made bitcoin famous. That's logical to see this happen because many newbies come to bitcoin sure they can make huge profits in no time. Well... No.

And then about obsolescence.. Again, this is true. But here I disagree with you. I don't think we should give up bitcoin, I am convinced we should work on the technology and improve it. Because bitcoin will have the biggest community just because of its status of "first crypto ever". So instead of throwing it immediately, maybe we could improve it?

Great thoughts mate, you are right not all of us here are holding bitcoin to show support instead they hold bitcoin for profit. But we can't blame them because we are all here for the purpose of making money and also show support to bitcoin.

People may not realized the importance of bitcoin and other crypto currencies. I admit that bitcoin now is in a very low level of rate but that is just a crisis that will  just pass by.

We are, I am but I'm not lying about it like them. Most of them would tell you that they are holding forever but 99.99% of them aren't and they will panic sell just as easily.
This is exactly the kind of comments I was referring to when I made this thread.

Bitcoin image has spread throughout the world as a crime currency, with existing anonymous facilities making many cases of financial crime involving bitcoin, yeah I think we should make them realize/awareness that bitcoin is not just an illegal currency but can be used for positive things, many people are helped because the secure, decentralized bitcoin finance system gives everyone complete freedom, that's a small example

We are here joining this organization as much as possible we will not make any bad comments that will damage the whole organization , there are time that there comments that are biased as you said but it is normal in an organizations ,all you have to do is work hard and do not mind the ideas of others which you do not like ,continue the good works.

They will be in lose if they will not use the chance of bitcoin at very low price, bitcoin will not remain at the same price so it is good to buy bitcoin at low price when they can get high profit at low investment. If bitcoin is at low even then nothing can be better than bitcoin because bitcoin has potencies to rise in price and get the chance high, I think if they will invest in bitcoin for the sake of profit right now then at the end they will be very happy, bitcoin investment has abilities to overcome all lose and all price to rise and fall can happen in bitcoin, so buy now in future you will be happy.