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

[andremd3]

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.

Actually did that. Converted half my bitcoin to litecoin. And now that you can purchase litecoin off of coinbase even better.

Guess I'll be treating Bitcoin like my savings/investment accounts unless something changes. Whenever I have a decent amount of extra money, throw it in and check back every few months to see how its doing.

[Sadlife]

You can shift to many crypto currencies out there but this currency has a great value and then convert to real money.
If you're going to make it as a payment for your e-commerce site you will have a bad time, bitcoin is great as an investment for long term unlike altcoins
but if the community finally has consensus and chose segwit then the transaction will get confirmed instantly and the delays will be no more.

[GreenBits]

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?

Don't give up on btc. As the telic/parent, the space honestly depends on bitcoin succeeding, so that confidence in cryptocurriencies can grow to the point where other coins are ubiquitous and accepted. There are plenty of promising coins with unique functions; but you would always do well to keep a btc or two to the side for a much later date. The greatest amount of infrastructure has gone into btc; people will be increasingly reluctant to abandon all that progree as time goes on.

You can sleep around on btc, but never abandon it.

[Juggy777]

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?

First of all who told you to do the business only with Bitcoin? Bitcoin should have supplanted your existing currencies rather than you making it main stream for business and the confirmation issue is not new it's been there in the past, so before pointing fingers at btc you should point at your self you failed to do your research. There are not really that great currencies and personallly I don't prefer the alts but I have heard that dogde and monore are doing really good, the latter was dubbed the next Bitcoin. You could have a look in that, but would again advice you to supplant this virtual currency not mainstream it.

[shamzblueworld]

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!!!

If enough of  us decide to do this, this could actually lower bitcoin value and pump the alt that we decide, right?
So that could be a beneficial step also, unless someone then decide to jump right back in after cashing in the profit from dump and pump of both currencies.
But I'd agree with this, I think it could be time that we should think of an alternative, will be interested in seeing what the more experience people will say about this, and which alts they think are good enough for a move like this.

[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?

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!!!

If enough of  us decide to do this, this could actually lower bitcoin value and pump the alt that we decide, right?
So that could be a beneficial step also, unless someone then decide to jump right back in after cashing in the profit from dump and pump of both currencies.
But I'd agree with this, I think it could be time that we should think of an alternative, will be interested in seeing what the more experience people will say about this, and which alts they think are good enough for a move like this.

It should but most are sticking with bitcoin, and converting some amount in some alt in purpose of creating profit. Its always good to invest or keep in some other currency or convert it to gold maybe. But there is always that thing when someone is going do dump the alt price will go down that is risk that we all have to take.

[iluvpie60]

ETH has been stable for a little while now. I think it will keep improving over time. They are on step 3 out of 4 on their master plan for it. Price should go up a lot when they get step 3 done.

XRP also looks to be something that will be worth a lot in the future. Use those.

[Rinder]

There isnt another stable altcoin to invest at all, it go up and down all days, eth, ltc, the thing is always btc changes soo it affects the market directly, you can try other altcoins but you might loose some money, but for other side no delays into transactions has bitcoin is getting now.

[ciobanuionut1982]

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 take a look on ethereum or Ripple.
They solve the actual problems of bitcoin. About the fast and cheap transaction fees. The latest condition of bitcoin network makes not worthy to run e-commerce business.
That will run off the purpose of bitcoin as a micropayment. The main point to take the stable condition of its coin.

ethereum will bee same with btc in future?

[eternalgloom]

Fact of the matter is that Bitcoin is still the only form of cryptocurrency that has a lot of merchants and 'infrastructure' around it to make it actually useable.
The number of places that accept Bitcoin can't even be compared to the number of merchants that accept alitcoins.

Though, I'd personally like to see some more merchants accept Ethereum or Litecoin.

[Pamadar]

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.

[BitcoinPanther]

I do not see any alternative for BTC, lots of merchants are only accepting Bitcoin.  How can I transact with other cryptocurrencies if the store where I am buying stuff only accept bitcoin?  It is expected that bitcoin transaction fee will increase since the bitcoin adoption is increasing, the price of bitcoin is increasing and the people who do bitcoin transaction are increasing.  Since the confirmation system is created as a bid-like system, people will outbid other people in the transaction fee to confirm faster which result in a higher fee (or fee battle), kinda sad since miners are exploiting this system.  But let us be patient, once the fix is implemented, I believe fee will be fixed.

[Sniper44]

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.

lol, you have no idea what you are talking about.
traders will always be traders, and trading means you are buying and selling something on a platform and never (or least very rarely) withdraw.
the issues you are referring to are the increasing fees and when you don't withdraw you don't even feel that issue.

also for a trader who is making thousands of dollar daily, paying a $1-$2 fee is not an issue.

[lol3c]

here are some of my suggestion: Litecoin, ethereum, Ethereum Classic, Monever, Lumens, Nem. They are all good coins and if you are a patient investors who can keep thee coin for 1 year, you will definitely earn a lot of money from these coin

[izanagi narukami]

Maybe Doge and Energy can be your alternate currency especially when bitcoin network currently very busy handling massive transaction recently.
I'm also experience and it's impact on my online shop since I must to get confirm before I can send my goods into expedition

[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?

If you want to still do business with crypto currencies you have no option but to use bitcoin, the only business that I have seen accept other currencies are bitcoin casinos, most other businesses only accept bitcoin, so whether you are a seller or a buyer you need to use bitcoin.

[gamerfan]

Totally agree with OP's point of view. If you run a business you cannot afford to wait hours for confirmations and to make buyers pay high fees. I suggest you to switch to DOGE or LTC. They are both old coins and most people own them.

[TheWallStreetCrew]

There is nothing viable to switch over to/ If it took bitcoin to get this far, how much longer do you think it would take another coin to reach the same level of distribution? Its  not as simple a s just switching over.

[Lucky7btc]

The point is we as a community has to make these changes. Bitcoin was once a .05 cents and below coin. It only became popular and expensive because we the community put value into it. Why can't we take that same spirit and place it into a much better coin? Right now there are other coins with low value ready to make these next level of investors just as rich as bitcoin did. Bitcoin is old, slow and outdated. I think we should come together decided on something, promote it across the board and use it. E-Commerce will only switch if we the community demands it. But as long as we are stuck on bitcoins then nothing will change on its own. Its sad to wait days and days for 1 confirmation or to have to chase some freaking fees. We have to come together on this issue and make a change, ENOUGH IS ENOUGH!

[Lucky7btc]

There is nothing viable to switch over to/ If it took bitcoin to get this far, how much longer do you think it would take another coin to reach the same level of distribution? Its  not as simple a s just switching over.

Bitcoin has a coinbase wallet.
Litecoin has a coinbase wallet.

Both allow direct conversion between fiat and theirselves.
Vendors can convert LTC to BTC on an exchange , but they don't have too.

It is as simple as telling the person you want to pay , you want to pay in LTC.

Fact, on many merchants sites that only offer credit card , Paypal or BTC,
It is cheaper to use in this order now.
Credit card, cheapest
Paypal, next cheapest
BTC , most expensive

If they add LTC, then LTC would be cheaper and faster than credit cards.
But if they don't CC and paypal are cheaper to pay with than BTC.
Bitcoin lost the micopayment markets and now is losing the retail services markets due to its technical limitations.
I had to buy a service recently and used a credit card because it was the cheapest and least hassle of the 3, since BTC is not usable.
Bitcoin is falling behind Credit cards & Paypal as a payment option, that should tell you how bad it has become.  

╥AztekPhoenix

Totally agree with what you said, TOTALLY AGREE!!!