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

[vapourminer]

i used ltc the last couple transactions. fast, cheap.

wouldnt go so far as to dump all my btc for ltc though. they each have their uses.

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[Slark]

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?

What business model you are talking about? As a merchant you don't have to pay any fees when accepting bitcoin payments.
For reference, if you want to implement PayPal and use it as a method for you e-commerce you will need to pay: $30 per month, plus 2.9% + $0.30 per transaction.
Bitcoin is still better than that IMO.

[vsyc]

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.

NOT RIGHT ANSWER: LiteCoin is heavily manipulated shit by the same army of Chinese miners as BTC is. SegWit was buy rumours, sell news. Unclear roadmap with not commitments. Just make fucking BTC work, without any hardforks, LTC, DOGIE or whatever crap.


Or just use XRP and be happy.

[densuj]

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?

Ethereum will be good choice for payment method on the business, there are some reasons
1. ethereum has good price around $130/ETH it is stable price will not losing values
2. The transaction of ethereum is cheap be compared with the fees transaction bitcoin
3. The time of confirmation ethereum is more fast than bitcoin

[Lucky7btc]

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?

Ethereum will be good choice for payment method on the business, there are some reasons
1. ethereum has good price around $130/ETH it is stable price will not losing values
2. The transaction of ethereum is cheap be compared with the fees transaction bitcoin
3. The time of confirmation ethereum is more fast than bitcoin

Here is a nice article printed today concerning both BTC and ETH

Robert Kucharski, Bitcoin and cryptocurrency trader, upholds his confidence in Ethereum as an alternative. “The easiest way, in my opinion, to solve the issue by the community is to sell Bitcoins and use Ethereum,” says Kucharski.

https://cointelegraph.com/news/dirty-politics-responsible-for-confirmation-queues-on-bitcoin-blockchain

[xdrpx]

In an effort to confirm several transactions, there are usually very less miners and more transactions to confirm within a short period of time. So you'll need to sacrifice either time or money. Since you've mentioned it's something related to e-commerce business transactions, it's be nice to try offchain payment systems for Bitcoin payments. This way the transactions still get confirmed, but yes, you'll have to pay a fee which could be higher than you'd normally pay. I feel over time, when there are more miners in the market and Bitcoins price increase (Which it is currently), there will be more miners cause of the profit incentive and growth perspective. Considering this, you might at such a point in time notice that more transactions are confirmed quicker possibly at a lower fee. So basically, all of these require time.

Meanwhile, if you're trying to exchange your Bitcoins and accept other crypto currencies I'd suggest going with Monero or Litecoin. Both of these are good public interest and reputation so far.

[azguard]

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?

Ethereum will be good choice for payment method on the business, there are some reasons
1. ethereum has good price around $130/ETH it is stable price will not losing values
2. The transaction of ethereum is cheap be compared with the fees transaction bitcoin
3. The time of confirmation ethereum is more fast than bitcoin

If we look on any altcoin they have cheap fee and fast transaction. Dont need to be just ETH lot of other can jump in this, off course ETH has good price and that is good but this will not be only option or key factor for some business to decide if they want to do this.

They will take a look in all perspective that is possible to be. Market cap, price, transaction speed and fee..........  when all is good they might pick one.

[stompix]

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?

Ethereum will be good choice for payment method on the business, there are some reasons
1. ethereum has good price around $130/ETH it is stable price will not losing values
2. The transaction of ethereum is cheap be compared with the fees transaction bitcoin
3. The time of confirmation ethereum is more fast than bitcoin

1. Price is irrelevant
2. It is now, lets see in two years or lets see if they take only a fraction of the bitcoin transactions. How many transactions per hours is eth processing?
3. Time of confirmation can't be faster or slower. Shorter or longer yes but not faster. Not in this universe.

[johnwest]

i used ltc the last couple transactions. fast, cheap.

wouldnt go so far as to dump all my btc for ltc though. they each have their uses.

LTC is comparatively better if you want to buy and sell stuff using crypto currencies. Lightning fast network and very low fees for now I guess. The price is gradually decreasing and getting stable. Hope it will be used for all the transactions as BTC became totally investment now.

[hatshepsut93]

Nobody is considering any altcoin... nobody

most people are into bitcoin because of the potential riches. there are more potential riches with alts, doesn't matter how crappy they are. don't underestimate greed. it's underpinning the whole thing.

obviously most of them are inferior in most ways. people don't care when they want more dollars.

"obviously most of them are inferior in most ways.." Not true bitcoin is the most simple coin out there. Proof that its success is not base on its tech.

That tech exists mostly on paper. It's not ready to use and no one know when it will be ready. Remember fiasco with the DAO? This is what you get when you try too hard to "kill" Bitcoin.
Bitcoin is already used as a currency by millions of people, alts are used only for speculation.

[Siren]

Nobody is considering any altcoin... nobody

most people are into bitcoin because of the potential riches. there are more potential riches with alts, doesn't matter how crappy they are. don't underestimate greed. it's underpinning the whole thing.

obviously most of them are inferior in most ways. people don't care when they want more dollars.

"obviously most of them are inferior in most ways.." Not true bitcoin is the most simple coin out there. Proof that its success is not base on its tech.

That tech exists mostly on paper. It's not ready to use and no one know when it will be ready. Remember fiasco with the DAO? This is what you get when you try too hard to "kill" Bitcoin.
Bitcoin is already used as a currency by millions of people, alts are used only for speculation.

It looks like some of you have a valid point about alts. I like the idea of getting rich with alts as they are normally used by some entities for P&D coins and go home with huge gains. Some alts are inferior eventhough they have solid devs to back it up and they are just being used by others just to get rich as well. While bitcoin has a full nation to back it up so its more trusted and investors are confident about it. So I don't know if its ideal to go to alts specially now.

[exemplaar]

The fees have been crazy. I am not sending bitcoin back and forth for the time being.

Holding on exchanges and not sending to any personal wallets. NO reason to pay huge fees. just hodl

Golden rule: Don't hold your coins on centralized exchanges, especially bigger amounts. Do your necessary trading and immediately withdraw to a personal wallet.

Exchanges may be hacked or owners can shut down their servers and all you will be able to do then is to say "hello goodbye" to your coins.

If you ask me btc fees are still affordable, so no big deal. Better to pay a fee than to lose your bag 

 

[szpalata]

i used ltc the last couple transactions. fast, cheap.

wouldnt go so far as to dump all my btc for ltc though. they each have their uses.

I second you on this, I likewise use litecoin to gamble and it confirms very fast and the fees are very cheap. It doesn't take more than a minute to confirm so in wondering if Bitcoin had similar confirmations time I bet nobody would ever want an Altcoin.

[Supercrypt]

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.

alt coins are beginning to be consider since bitcoin having some issue regarding to its transaction if more exchange will add more alts aside from bitcoin being exchange to a local fiat for sure many traders will use other cryptocurrency instead of bitcoin.

Nobody is considering any altcoin... nobody
Just scamcoins fans

It's pretty damn simple, all altcoins are copies of bitcoin.Just as they copied bitcoin bitcoin can copy their features.
We're not talking about precious metals we are talking about lines of code.

And those can be changed easily

Yes I agree. If I give an example of someone who says I had enough of the gold and now I want to collect silver leaving the gold, why will someone believe in it. Saying this will be all a fake game to just to convert the attention of the users to something else worth’s nothing in front of gold. This is what people are doing on this forum with the BTC.

[South Park]

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?

You can switch to litecoins because their network is very fast and they already activated segwit so it will be a lot faster than before which is opposite on what is currently happening in bitcoin now but if you can wait then i think segwit will be on bitcoin soon, so it is better to wait because if that rumor is true then the price will go up.

While a majority of the users in this forum will like to get segwit activated I don’t know where you get the information bitcoin is going to activate soon, I think we are going to have to wait a long time to see segwit activated, if ever, I will love segwit to be activated because not only that will mean that bitcoin could get faster confirmations but also the price will skyrocket too.

[gentlemand]

While a majority of the users in this forum will like to get segwit activated I don’ know where you get the information bitcoin is going to activate soon, I think we are going to have to wait a long time to see segwit activated, if ever, I will love segwit to be activated because not only that will mean that bitcoin could get faster confirmations but also the price will skyrocket too.

83% of the hash rate pledged today to get Segwit activated with an 80% threshold.

[bettercrypto]

i used ltc the last couple transactions. fast, cheap.

wouldnt go so far as to dump all my btc for ltc though. they each have their uses.

I second you on this, I likewise use litecoin to gamble and it confirms very fast and the fees are very cheap. It doesn't take more than a minute to confirm so in wondering if Bitcoin had similar confirmations time I bet nobody would ever want an Altcoin.

Good luck with your LTC, I think Ill just stick to bitcoin.  .  Even with scalability issue, I am with bitcoin because of its massive community.  More big companies coming in and holding bitcoin is not affected by transaction fee    But I still believe that scalability issue will be fix, when?  I do not know 

[azguard]

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?

You can switch to litecoins because their network is very fast and they already activated segwit so it will be a lot faster than before which is opposite on what is currently happening in bitcoin now but if you can wait then i think segwit will be on bitcoin soon, so it is better to wait because if that rumor is true then the price will go up.

While a majority of the users in this forum will like to get segwit activated I don’ know where you get the information bitcoin is going to activate soon, I think we are going to have to wait a long time to see segwit activated, if ever, I will love segwit to be activated because not only that will mean that bitcoin could get faster confirmations but also the price will skyrocket too.

You can find it that they are rumor and talks about it to be activated around 15th September in in late September. This is really maybe biggest decision to be made in quite long time for bitcoin and bitcoin community. What will be effect it is still nothing confirmed for sure only some speculation to what would be good or bad.

[el kaka22]

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?

What business model you are talking about? As a merchant you don't have to pay any fees when accepting bitcoin payments.
For reference, if you want to implement PayPal and use it as a method for you e-commerce you will need to pay: $30 per month, plus 2.9% + $0.30 per transaction.
Bitcoin is still better than that IMO.

Well if anyone using the paypay and bitcoin then they can conclude both have no comparison. The bitcoin is ways better than the paypal. Everyone wants here to reduce the expenses and specially the indirect expenses of the business. The BTC is the best option for any business to do so.

I am not finding any competitor for bitcoins in terms of transaction fees even we are being forced to pay 400satoshi per byte. Switching over to new currency is seeming completely meaningless to me.

[JGoRed]

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?

What I would recommend doing is to continue to hold a majority of you Crypto in Bitcoin and then hold a small portion in whatever other currency you decide to use.

If you're looking for fast and cheap transactions go with Litecoin or Dash.
If you're looking for anonymity then go with Cloak or Monero.
If you're looking for a super stable price go with Tether (warning, Tether is being speculated as it may be having issues, be cautious).
If you're looking to get paid dividends then check out PosW, Atom, or Peercoin.