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1  Bitcoin / Bitcoin Discussion / Re: Transaction Fees on: January 09, 2021, 01:18:47 PM
Quote from: Tytanowy Janusz on January 09, 2021, 11:03:22 AM
Quote from: Lucasdr on January 09, 2021, 10:48:26 AM
I also don't like the fact to invest in something without real value-> since we agree bitcoin can't become the new global currency.
Or do is still miss something? Bitcoin can only be used as payment and investing purposes right?

What is the real value of gold? All use cases it can be used in, starting from jewellery ending on processors. Right
What is the real value of bitcoin? All use cases it can be used in, starting from easy transfer of value abbroad, storing funds out of centralized organisations ending on headge agains global reset all secured by network secured by amount of energy that could power whole Ireland and more than 300 core developers.

Good points, thank you for your time and explanation, it's clear now Smiley
2  Bitcoin / Bitcoin Discussion / Re: Transaction Fees on: January 09, 2021, 10:48:26 AM
First of all, thank you all for responding, the transaction fees part makes sences now!


Quote from: Tytanowy Janusz on January 09, 2021, 09:42:48 AM
Quote from: Lucasdr on January 09, 2021, 09:19:22 AM
Since i don't own bitcoins anymore, i was wondering if this is still the case?
And if this is still the case, why do we all believe in this expensive currency?

Its still the case in term of 20$ transfer that you would like to do. But bitcoin as "new global currency that will replace fiats" was a 2017 bubble paradigm - and it failed from too high fees - as you mentioned. We have another one created for this bubble - its hedging against global crisis (hyperinflation of dolar,euro - global reset). And now biggest investment funds (like Fidelity) is suggesting to put at least 5% of your well balanced portfolio into bitcoin.

https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-alternative-investment.pdf


Thank you for responce and the article, very intresting, now the current growth makes sence to me.

During Uni i learned investing in Bitcoin is an absolute nogo, because of the high volatility, intresting to see how the portfolio's react when they add bitcoin.
I think the problem with the current price/investors is that a lot of people aren't aware of this and are just gambling that the price will go up, at least, that's what i see in my surroundings. -> Do you guys see the same things? Or is this just my surrounding Grin
I also don't like the fact to invest in something without real value-> since we agree bitcoin can't become the new global currency.
Or do is still miss something? Bitcoin can only be used as payment and investing purposes right?
3  Bitcoin / Bitcoin Discussion / Transaction Fees on: January 09, 2021, 09:19:22 AM
Dear all,


I don't own bitcoins right now, I sold everything in 2017 for the following reason:
I thought it would be impossible for bitcoin to overtake the Euro/US Dollar with those high transaction fees.
For instance, when i wanted to pay a friend 20€ of bitcion, i payed 5€ on transaction fees, I think we can all agree that a 25% fee isn't gonna work.

Since i don't own bitcoins anymore, i was wondering if this is still the case?
And if this is still the case, why do we all believe in this expensive currency?

Kind Regards,

Lucas
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