I've Had Enough Of BTC - Converting To A New Currency

[dinofelis]

So if I want to buy a gift card I have to transfer my Bitcoin to an exchange, thus paying the fee anyway, then buy some alt and possibly warp the market in the process, then withdraw from the exchange to my whateveralt wallet and then buy my gift card?

Ah, if you have your wealth in a low-liquidity asset, that's a problem, yes.  If you are holding old cars, and you want to buy a gift card, you have the same problem.
You first have to sell your non-liquid asset (here, an old car) to obtain a more liquid asset (cash, say), and then use it in commerce.

If you have very non-liquid bitcoins, you may have to wait for a few days to get your stuff on an exchange, but once it is there, you can buy liquid alt coins, and use it in commerce.

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[Kprawn]

You know what is going to happen with your question.... right? Every Tom Dick and Harry that has bought some Alt coins will try and push you into

buying their shitcoin, so that they would benefit from it.  ....Most of these Alt coins have not reached the volumes where Bitcoin are and that is why

they are not struggling with this issue. Scaling with Bitcoin is happening naturally as it should be.... no central decision making, like with most other

Alt coins. People running full nodes or people invested in mining still make decisions and that is how it should be. Bitcoin will resolve this and we will

welcome you back then. 

[25hashcoin]

Fiat sounds for you, troll. Other currencies has no current issues...because no one uses or cares about them.

[GetClams.com]

Ultimately the free market will rein if there is a switch to another coin. At that point its up to the merchants that accept bitcoin who very well may be freaked out tat that point. Lets hope it doesn't get that far.

[Wendigo]

Either go back to digital fiat or start using a payment processor like BitPay if you want to accept cryptos as payment for your e-commerce I guess. Other than that. I really like Dogecoin - less than 1 penny in fees and super-fast confirmation times. However only a handful of people use or have heard about Dogecoin compared with Bitcoin.

[The One]

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins.  Which cryptocurrency to you recommended to switch over to and why?

If you want to shift to another cryptocurrency there are only a few which is good to invest on. If you want to do some research then try to look at the coinmarketcap and you will see the list of potential coins next to bitcoins. You can choose a good coin in the top 10 of the list. You can choose ripple, ltc, ethereum, dash and etc.

We collectively need to make a shift. I want to hear everyone input on this matter and which coins majority of us decides to agree upon. We then need to push that coin to more businesses to either add or switch over to. Bitcoin has become a sad aged old dinosaur. No one should have to pay higher fees and/or wait many hours, days, weeks just to receive their monies. We as a community have all the power and its time that we do something about it. RIGHT NOW!!!

Good luck telling the Core developers that. They will ignore you and do what THEY want.

[Netnox]

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins.  Which cryptocurrency to you recommended to switch over to and why?

I don't deny the fact that the increasing backlog of unconfirmed transactions have been extremely frustrating. But we should also remember that the other crypto-coins also have their own disadvantages. Perhaps we should fight while remaining loyal to Bitcoin, rather than shifting our loyalties to some scam coin.

[kelseydustin]

I suggest you should buy ethereum and ethereum classic. They are very potential and I believe that the prices will increase in the future and it is obvious that they will increase even faster than bitcoin. Bitcoin can not increase as fast as those coins are anymore

[mindrust]

Those rising fees and slow transaction problems will be solved one way or another you'll be sorry for dumping your bitcoins today when that day comes.

There is no way for bitcoin to fail. Not an option. These problems are creating a buy opportunity actually and even with all those problems which bitcoin has,  its price is still skyrocketing!

One just can't have enough of BTC.


THERE ARE NOT ENOUGH BITCOINS FOR EVERYONE  !!!

[dinofelis]

There is no way for bitcoin to fail. Not an option. These problems are creating a buy opportunity actually and even with all those problems which bitcoin has,  its price is still skyrocketing!

My idea is that this is because the price has nothing to do with the crypto tech.  The price is the one of IOU on exchanges, on which people are betting.  Those IOU don't even need a working block chain.  I think we entered the era of pure speculation on crypto, without any connection to its block chain thing, OK, you do need to know that *in principle* you could get your coins off an exchange to put it on another exchange, in the same way that you might want to know that you can get a printout of your balance sheet of derivatives on which you've been investing/gambling/speculating with your broker.  But essentially, crypto is now totally speculative, with no reality connected to it, other than some illusionary story in the far future which is good enough.
As such, most probably bitcoin's price is rising because people betting on it on exchanges somehow figure that the associated block chain congestion problems will most probably some day find a solution - but even if it doesn't, the simple idea that "one day" it will find a solution is good enough, because that block chain is not used to bet on the exchange IOU.

I even wonder if some of the lesser alt coins were simply stopping its chain, would that even affect its betting price on exchanges ?  I think all crypto is evolving towards that: exchanges being betting clearing houses, and now and then, a settlement between exchanges is necessary and there, the block chain of the corresponding coin comes in handy.

As of now, crypto is becoming entirely speculative.  I think this can go sky high.

[European Central Bank]

I even wonder if some of the lesser alt coins were simply stopping its chain, would that even affect its betting price on exchanges ? 

cryptsy hosted multiple dead coins and fibrecoin on poloniex had a giant pump when its blockchain didn't even work. definitely possible.

[Bitcoinpro]

I even wonder if some of the lesser alt coins were simply stopping its chain, would that even affect its betting price on exchanges ? 

cryptsy hosted multiple dead coins and fibrecoin on poloniex had a giant pump when its blockchain didn't even work. definitely possible.

Cryptsy was an Alphabet honeypot

[olushakes]

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins.  Which cryptocurrency to you recommended to switch over to and why?

Its unfortunate that is the position where we are currently where people are choosing alt not because its a good alternative but because bitcoin is making itself to be substituted. I just hope majority of people will not because of the difficulty experienced now will not abandon bitcoin then it becomes worthless all together.

[leopard2]

Clear answer to OP: Litecoin. It is the next best alternative, it has been around almost as long as BTC. It is BTC's younger brother. There is a large hashing infrastructure and most exchanges trade it, in large volume.

It confirms fast, low fees...and will always stay like that, due to Segwit/LN plus guaranteed on-chain capacity.

[eaLiTy]

The transaction delays are disappointing but if you are capable of providing higher fees then you might get it faster,the coins i use as alternative are litecoin and ETH because when i am trading and i am making a lot of moves i have to stick with alternative coins to reduce the fees i am spending at exchanges to increase my transaction speed and profit.

[emezh10]

I guess bitcoin is not a good investment at this time and really fees and so over price in the sence the it is almost 1 dollar but when you are finding a new currency probably i will buy ethereum it the closest currency in bitcoin and probably will be the next big thing in the digital world so i will buy it.

[MingLee]

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins.  Which cryptocurrency to you recommended to switch over to and why?

Fine by me.
I would recommend looking into ETH or LTC if you're unironically trying to switch cryptos, since those who at least have a little bit of a larger capacity for being a real crypto to use and less of just being a meme that everyone speculates on. ETH is especially good for this since it has a decent track record when it comes to it.

[tigershark]

I've had enough of btc and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins.  Which cryptocurrency to you recommended to switch over to and why?

This is one of the reasons why altcoins can survive along with bitcoin. At some point, bitcoins are going to be too expensive.

[Doms]

Ethereum and Ripple seem to be catching up on bitcoin and look to be on track to be even better. If I become disillusioned with bitcoin, like some here are already, maybe I would sell half of what I hold and just invest that money somewhere, then I would just hold the remaining half in hopes that in the future things are going to work out well for every one concerned.

[DoomDumas]

This is one of the reasons why many people are switching to other cryptocurrency. You need to pay higher fee just to make the transaction confirmation fast. I guess bitcoin is good only for investments. They need to fix this problem. Imagine how painful the fee is when the price surge up to $3k. That's insane.

I'm not sure people are switching.. Total cryptocoin MarketCap is growing.. this mean more money enter crypto.

I dont see a better alternative to Bitcoin even with higher fees and some slowdown on confirmations.. It may hurt the microTx business for now, but solutions are on the way

A better alternative needs to be as widely accepted as paiment.. it needs trust.. liquidity..

Nothing I know can be as fast, cheap and usefull as Bitcoin is.

Bitcoin is strong and will still be, better be patient for the solutions to be applied.. Otherwise it may turn to nightmare with like-BU suff happenning

IMHO, BTC is the one, others are gambling or private business !