The reason that keeps me from investing in bitcoin

[Gouverne]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

[1500005841]

1500005841

[EXtremeAEX]

Bitcoin is actually more suited to be an investment rather than a day to day currency. I still suggest you to buy some and hold them instead of using them, and treat them as 'gold'.

If services like fast food restaurants decides to use Bitcoin as a payment method, maybe they can come out with a method that allows for no fees between accounts, but this is just a suggestion.

Existing methods including Bitcoinpay, but it still charges a fee of 0.8%, not completely free.

[Amph]

the fee issue will be fixed, if you are really buying for the future than you should not worry in 2-3 years by will be different and better

for now if you really want to use bitcoin use it to buy expensive stuff in this way you will not feel the fee

also besides this bitcoin still hold other advantages against fiat, first one us the control and the no-one restriction you have over your money

another one is that by holding Bitcoin your chance to have a fortune in the near future is very high, compare this to fiat where you only lose money..

[talkbitcoin]

things you say don't make sense in the same sentence!
which is why i have been trying to decide whether you are just trolling or is this an honest question, and i will give you the benefit of the doubt.

lets review.
you say you want to invest in bitcoin.
as an investment a logical move is to pay attention to the performance of what you are investing in. lets look at the performance then.
bitcoin has been constantly rising over the past 8 years from 1 cent to >$2500.
we have had one exception which was a manipulation by Mt Gox that led to a bubble and their scam led to a downtime.
other than that profit each year has been higher than 150%.
as an investor this is what you should look at.

now you are talking about fees.
bitcoin is a decentralized cryptocurrency that no one can control. you can use it however you like, no taxes, no bank shenanigans, no invasion of your privacy, no charge back scam, no credit card fraud, nobody can steal your bitcoins if you make a safe wallet, ....
in the past 8 years bitcoin transactions have been practically free. all the befits you could get with practically no fee. in the past 6 months fees have gone up and still aren't as much as credit cards or paypal etc. and it will also pass and be solved sooner than later.
again although this has nothing to do with investing in bitcoin, it is not of any concern.

[Sex Video Chat VKcams.com]

yeah burger king is willing to accept bitcoin in russia.

No, they searching a exchanger with payment processor. It will made this fast food more expensive, due to exchange rate + fee.
All payments in Russia are in local currency.

Substitutionality for electronic Money is reflected in prepared proposals for the Russian Government.
The main request is full tax and Personal identification of anyone who cash out on Russian Territory.

[talkbitcoin]

yeah burger king is willing to accept bitcoin in russia.

No, they searching a exchanger with payment processor. It will made this fast food more expensive, due to exchange rate + fee.
All payments in Russia are in local currency.

no it won't it actually will make it cheaper and maybe even much cheaper than anything else.

you buy bitcoin at lets say $2000 and according to google Chicken Nuggets is $5.99 and that is 0.002995 BTC by the time you bought bitcoin.

but you don't buy $6 worth of bitcoin you buy more and when you purchase another meal it will be cheapr because bitcoin price has gone up to $2900 and you will only pay 0.0020655 BTC

and fees in both cases are 0.0008 BTC

and this is not to mention the gift cards that you can buy at much cheaper prices and save up on a lot of money.

p.s. all that aside there has been a demand for bitcoin payment that they added it. whether you think it is expensive or not is irrelevant!

[magneto]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

Scaling is something that will be prone to every single decentralized system.

And high bitcoin transaction fees are obviously a direct result of the scaling issues that are surrounding bitcoin at the moment. But bitcoin is not alone - the Ethereum network is basically defunct after the Bancor ICO or some other ICO, it's essentially broken and really hard to use for a day.

The point of bitcoin is not to process micropayments, at least not now. Obviously, if we have the ability to process microtransactions that would be even better. But investing in bitcoin means that you're pulling out of the fiat scam, and investing in a long term store of value. And when you have a bitcoin, fees are miniscule in percentage terms, it's less than 0.1%, compared to skrill and neteller's 1.9% which is considered "low".

[Hhampuz]

Fee's are being worked on as we speak and we'll surely see a fix very soon.

Just last year the fee's were a few cents for sending any emount anywhere. That's pretty neat and how it should be. But then again if you are looking to invest you should be getting in to BTC. If it's money that you don't need for the next 2 or 3 years I don't see why fee's are an issue for you. Buy BTC, secure it and then forget about it for 3 years. I am very certain that you'll be rich after those 3 years.

[Adbitco]

Seems like you aren't fully convinced at the moment about what you really want to do. Like other senior members said fee isn't something which should stop you from making an investment in bitcoin. The fee issue will definitely be solved soon and it's not going to be like this forever. Bitcoin has lots of advantages already mentioned by other members over fiat currencies so my advice to you is invest in bitcoin now else you might be regretting having missed out on the golden opportunity and reaping the fruits of your today's investment in the coming future. Another thing is your investment can't be matched with the burger king who you mentioned in your post there's or many more like them investment is much more bigger than yours and if there were no huge gains by making an investment in bitcoin why would all of them invest in it. Of course they see a huge profits opportunities in bitcoin and that's only why they are embracing this digital currency called bitcoin.

[Sex Video Chat VKcams.com]

by the time you bought bitcoin.

Wow, put the math for who used "investing" at $2900 too.

And when you have a bitcoin, fees are miniscule in percentage terms, it's less than 0.1%, compared to skrill and neteller's 1.9% which is considered "low".

Make the light on "hidden fees" from BitPay and Electronic Money Credit Cards.
Other of "Fees", they use internal exchange rate, compare them to the place, where You check the $/BTC rate.

[Sundark]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

High fees of bitcoin transaction are reason of increasing bitcoin popularity and consequently congestion of the bitcoin network and filling 1 MB blocks with data.
This situation will be handled by scaling upgrade which is currently underway, we will have SegWit2x soon and fees should be reduced substantially.
Even despite high bitcoin fees bitcoin is still usable, for long distance/large transfer of money or can be used as a store value.
In the future with off-chain transaction bitcoin will be used to buy anything, it might not happen overnight though.

[jorneyflair]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

First of all, i'd just like to congratulate you on finding bitcoin a good investment. Many skeptics blindly believe in the centralized financial institutions, and don't give bitcoin a second thought. Some people believe in precious metals, but not bitcoin, which is quite strange IMO because they're basically based on the same financial concept(truthnevertold). You're already making a huge step in the right direction.

Secondly, to address your query, fees are indeed sky high atm but in the future the btc network will scale. Once it does' fees will come down because there is excess space in blocks. So fees will be a short term, not long term issue for btc in my opinion. Besides, you don't need this money for another good 2-3 years, so fees shouldn't discourage you from using it at all, especially if you're investing a bigger amount.

[olushakes]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

If its truly money you won't  needing for the next two years, then I would say go for it. Also if you are concerned about the fees, I think that is just a small amount money compared to the return of investment that you would likely be getting at the end of the 3rd year but be sure its an amount that you won't miss in 3 years if the outcome is not what you expected. Finally, if you are not comfortable with the risks, just look for somewhere else to invest your funds.

[Red-Apple]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest.

then go and invest some money in it!

BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

it is already becoming mainstream. look at Japan and how many merchants have started accepting bitcoin as payment over the past months.
also i don't know where you are taking the fees and the price from but from https://bitcoinfees.21.co/ and also my wallet fees are 0.0007BTC and with $2500 price that is $1.75 and even your 1mBTC is $2.5 since price is not yet at $3000!

The only thing I see : big amount transaction
But bitcoin won't be the money you use to buy your sandwich with those fees!

then don't!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

again $1.5-1.75 not $3 and apparently people wanted to pay with bitcoin so that they've added the option. these big corporations never do anything randomly

Will segwit may lower the fees?

i believe so.

[Golftech]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

If you can forget about that money for long period yeah its best to place it inside this investment as it will possibly turn into much bigger value after that time as you see most of the reply are positive about this system just allow yourself to explore more to understand how bitcoin will work for you. Good luck and enjoy the ride.

[Bagaji]

Investment in bitcoin or crypto currency with your spare money to me is the best option as compared to keeping your money in the bank without any additional intrest on your money. This is because bitcoin or crypto currency is the future in terms of investment. You can equally invest in some other currency that are at the ICO level before the lunch.

[Wind_FURY]

OP if you are so concerned about the high fees maybe a good altcoin is better for you to invest in. Litecoin has already activated Segwit and soon the Lightning Network payment layer will follow. Look into it, maybe it is where you want to invest your money.

[Chanock]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

Investing in bitcoin is a very good idea.  As time goes by, bitcoin value continually increase its value plus the fact that more country recognize it as a new form of currency.  Even now we can't use it to buy foods in fast food chain, time will come that it will be acceptable not only in fast food chain but also in all convenience stores, banks, hotels and all establishments. 

[nightxglow]

Well, just invest your bitcoin and keep it until the price is high.
You don't need to use it for daily needs, because as we know, the fee is too high, and of course we can use real money instead, why bother use bitcoin?
So just make this as long term investment. Maybe in two or three years the price will be so high, and you'll gain profits from that.
There's nothing wrong to invest btc, but there's always a risk where the price may drop suddenly.

[DoublerHunter]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

Bitcoin is a good investment and that money that you don't need for about 2 to 3 years is a good range of year of investment in bitcoin because the price of bitcoin might already x3 of the price now and you already x3 your investment. The fees of bitcoin is one of the downside of bitcoin for me but i understand why it is high because of the continuous transactions that getting the network too busy and it makes the network slow so the miners need more fees so they can transact faster and i think the segwit will become the solution for the problem in the fees because it will give more block size for bitcoin which is more space and the network will become bigger.

[Juggy777]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

You should have mentioned how much you plan to save for the future, say you invested 1btc, valued at say 2k, and you spend a fees of 10 - 20$. Now this after two three years become, say 3 - 4k is it bad? That's almost double and it ain't bad is it? I would recommend you to invest and take a paper wallet and forget it.

[mjglqw]

Yes. The transactions are a bit slow and expensive. But who says that can't be fixed? That's exactly what bitcoin's developers are for.

Also, the slow and expensive transaction fees should be a good sign because it can be caused by more and more bitcoiners using the system. And we ain't even reached mass adoption yet! Imagine what the future prices would be. You don't need to be a good businessman or a good investor to realize this.

[TravelMug]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

If you are going to invest in bitcoin for a better to 2-3 years then why worry for the fees? I guess by that time bitcoin transaction fee's will be fix already. Currently, its not well suited for micro payments, but solutions are already on the way that you don't need to worry about it the future. And its not to late to invest still because the price will go up in 2-3 years time.

[Ashtville]

The regular fees depends on how busy the network is an is never stable, it's between 0.0001 and 0.0005 and can be much lower than that, currently with the network less congested it has already gone down.
Frankly, if there is something that stopping you from investing it should be the volatility or fearing a fundamental change in bitcoin, a $1 fee per tx, although high, isn't that critical...

[childish]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

i think if you wanna invest is good for the next 4 years in future, because each 4 years bitcoin price is high like now and on 2013
so if bitcoin very expensive i think no problem about fee, because you have been profitable

[LodisMcguire]

For now,using bitcoin for everyday need is not convenient indeed,we just treat it like digital gold
But if you wait for couple of years,i think it will be profitable in the future if you invest now
And problem with fees and transaction time is going to be fixed

[Novun]

Even tho Bitcoin is lagging behind as a day-to-day currency it won't be long before everyone is using Bitcoin. Big and small businesses alike. The good thing is that other cryptocurrencies are creating technological leaps that bitcoin can adopt. Make no mistake, bitcoin will be the main currency of the future. Treat it as an investment rather than a currency. It's not like you can incorporate it as an everyday tool just yet. Wait 1-2 years for that.

[Kprawn]

Bitcoin can be used as a store of value too, not just as a currency. You can buy bitcoins as an investment, like you do with any other commodity.

Bitcoin is not dependant on being successful as a currency to be a good investment. Yes, it will be necessary for mining to succeed, once the Block

reward expires, but that is why we call it an experiment and not a finalized product. SegWit alone will not solve all our scaling problems, but it will

solve the problems we have now. 

[tiggytomb]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

There are things coming up that should alleviate the pressure of the high fees, if your really have no need for your money for 2/3 years then by that time bitcoin will be in a much better place when you start to use your bitcoin again.

[erasmusjoe]

the only thing that keeps me investing in BitCoin is that this nowadays technology development is amazing. and yeah there will be nothing like terminator in the future. so we will safe while my investment getting bigger.

[pitiflin]

It is true that bitcoin has high transaction fees but from my knowledge ,it is only because of its price rise. And as far the transaction fee for small transactions is concerned i guess we would have to wait for the years to come for using bitcoin for buying day-to-day stuff like "burger king sandwich" ,because as of know everyone would suggest to use bitcoin for big transactions,and let bitcoin blend with the lives of people even more and hope for the best.

[Bowly88]

Bitcoin is actually more suited to be an investment rather than a day to day currency. I still suggest you to buy some and hold them instead of using them, and treat them as 'gold'.

If services like fast food restaurants decides to use Bitcoin as a payment method, maybe they can come out with a method that allows for no fees between accounts, but this is just a suggestion.

Existing methods including Bitcoinpay, but it still charges a fee of 0.8%, not completely free.

Actually the charges fee is okay for me though but rather than that, I can say bitcoin is really suit for an investment. Because as we all know the value of it is rising everyday. Not even lowering a single time and with that I can say confidently that this one is a good investment to start and to hold on.  It can make me rich, so i treat them like a diamonds not just like gold.

[ximply]

Investing to bitcoin is not just buying and holding on it.  Investing to bitcoin means you believe in it and you see good potential to it.  I myself are investing on bitcoin so I see good potential in it.  Now, we can easily see its benefits and it helped us move funds from one person to another.  We also see that its price will continue to rise as more and more people is going to bitcoin.  Im even trying to convince my offshore clients to pay me in bitcoin so they can save on remittance charges.  I can keep bitcoin and since we are not yet in a full adoption then we still need to make an exchange from time to time for a fiat money.  3-4 years from now bitcoin value will be so high for more and more people are using it already.  Always bear in mind of the law of supply and demand.  Demand for bitcoin is increasing everyday while the supply is limited.  Can you see  now where bitcoin is going?  Keep on investing as you can while demand is still not that high.

[LouVandetta]

You're saying that you won't need/use your money for around 2-3 year, right?
And you have the right too choose what's best for you.
Then, I don't see any problems with fees issues.

Look at how these ppl are saying bitcoin is a good investment.
I agree with that one.
I think you should see the bigger picture in here.

[vermasangram]

I find bitcoin a great and profitable investment vehicle and for trading, it gives great returns.

[AjithBtc]

The trust and the hope are the one that makes me invest into bitcoin. From the day I started using bitcoin, I experience an increase in the price as well adoption all around. This confirms that growth is happening. Based on this I feel more confident and confirmed that profit is all ours if one has patience and trust.

[FasTroy]

The trust and the hope are the one that makes me invest into bitcoin. From the day I started using bitcoin, I experience an increase in the price as well adoption all around. This confirms that growth is happening. Based on this I feel more confident and confirmed that profit is all ours if one has patience and trust.

Same as you, Trust in this cryptocurrencies and the hope for bitcoin become more stronger are the reasons that keeps me from investing in bitcoin. When i know the first time about bitcoin, The price was around 300-400$, I didn't except that one day bitcoin will more valuable and achieve the 2500$ and maybe in the end of this year will cross the barrier of 3k $.

[ETFbitcoin]

I think you don't need to worry about fees if you only plan to use bitcoin as investment for 2-3 years which means you only make bitcoin transaction 2 times (withdraw to your wallet and deposit to exchange when you want to sell it)
Also, you mentioned reason that could keeps people from use bitcoin as currency, payment method and micro-transaction instead.

If you still worry about high transaction fees, you should try altcoin which is popular in this moment such as LTC, XMR or GBYTE.

[Basmic]

There are no prerequisites to the fact that the price of the transaction of bitcoins will decline. This creates serious problems for trade. Until the majority of the owners of the coins use the bitcoin-only investment this is not a problem for him, but then this is exactly the problem.

[countryfree]

HEY! Have you ever heard of a "fee-less" investment?

Whatever you put your money in, stocks or gold, there is a fee.
Check the fees to buy shares from a company listed on NASDAQ, you'll be surprised. Nothing's free in this world.

[leyton11]

Can you help me find a service sending money on the world's not need fees when send a huge money with after short time for receive? I can't find payment system can do that beyond the choice is Bitcoin in present. Your ask look like as a kid not want spent money when buy a candy because just need cheap or free

[squatz1]

The big thing that everyone in the community right now is hoping for is that the miners are going to come to some sort of conclusion, be it on Aug 1 or be it whenever to be able to fix the present problem which is going to be the insane amount of fees that everyone is paying right now. It's bound to be fixed at some point because people just aren't going to use nor be introduced to BTC at the moment because of the fact that the fees kind of heed the currency useless.

I'm not going to say it's a waste, but people aren't going to use the currency unless it's incentivized in some way personally for them. That's just how the world works and how it's going to continue to work, you can't stop that out of people.

[Lupin13]

The reasons why I keep invest in bitcoin because I know by using bitcoin I could earn money that I can use in my daily life. In addition to that, investing in bitcoin will help to sustain all your need in the near future. I think I will continue to invest in bitcoin because I know bitcoin is the key to become rich.

[Caelanpelley]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

It is true that bitcoin fees are a bit high, and you trade them in large numbers. But I think the investment you have to pay is obvious, nothing is available.

[ximply]

If fees will continue to be high then it wont be advisable to use bitcoin as a spending currency but it will become as an investment currency which you buy in big numbers and hold it. Then for spending currency people will be pushed to use altcoins like dash, litecoin or zcash for their everyday use for it is more cheaper in fees. Otherwise fiat money will still be used for the day to day transactions and the normal debit or credit card will still be dominant in the market in terms of payment tool.

If that happens bitcoin eco system will slowly shrink because bitcoin will no longer flow in the market and less transactions will be done within the blockchain. While altcoins will get all those attention because of the increasing eco-system and usage and adaptability of the market.

They need to look at it in a bigger prospective. Fees is needed but higher fees will kill the eco-system of bitcoin in the long run. Will bitcoin now serving the big financial companies for they are the one doing big amount of transactions? Then us the people who wants to use it in our daily lives can no longer afford to do it because of the high fees? It is because of the greed on fees of the miners or is it really the bitcoin blockchain that is really something wrong? Is it time for another contender of bitcoin to takeover to lead the pack?

hmmm

[jovs]

the fee issue will be fixed, if you are really buying for the future than you should not worry in 2-3 years by will be different and better

for now if you really want to use bitcoin use it to buy expensive stuff in this way you will not feel the fee

also besides this bitcoin still hold other advantages against fiat, first one us the control and the no-one restriction you have over your money

another one is that by holding Bitcoin your chance to have a fortune in the near future is very high, compare this to fiat where you only lose money..

Bitcoin is a crypto-currency which is set the first name in the market. So the development of bitcoin can sure the best reason for people to keep putting trust on the system and development of bitcoin. Fees and security are the on going development happens on bitcoin, if people or the community of bitcoin will continue the support more development on its price, transaction and security will sure happened making bitcoin as the number one mode of transaction in the future. So no doubt that people are willing to continue to support and to set investment on bitcoin.

[jvdp]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

It is true that bitcoin fees are a bit high, and you trade them in large numbers. But I think the investment you have to pay is obvious, nothing is available.

Ya it may be true due to high value of bitcoin.But many started to inverse their money in bitcoin.Now a days,many online is made using bitcoin only. The only thing I inverse money in bitcoin is, due to their product profit  and faith.Since bitcoin price is keeps on increasing due to large number of bitcoin users.If you inverse your money on bitcoin today means ,you will get huge profit on one day.

[KroFly]

Bitcoin is designed for large investments and for large purchases. There is no point in buying some small thing, because the loss due to the commission will be much greater.

[northstarh]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

First is how the work? What is it purpose? Any one of us knows about this, so when it comes to investing in bitcoin, we think of its profit right away. At present, bitcoin still carries a huge potential, so we should not ignore it.

[Jelks]

Bitcoin isn't a currency that is kept in banks. It is easy to access, its digital nature makes it portable and unconsumable and also transactions can be done very quickly. we can also expect good profits by investing in bitcoin.

[hatshepsut93]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

Some people invest now because they believe that the problem with fees will be solved soon and this will lead to a big boost to Bitcoin's price. And even if Bitcoin won't solve the scaling problem soon, it doesn't mean that it's useless, the network has been live for 8 years and it has proven itself as very secure and reliable, which adds a lot to Bitcoins worth. Bitcoin can be used as safe haven during economic crisis in fiat world, which already happens in some countries when their currencies and stocks plummet.

[V1saya]

Bitcoin isn't a currency that is kept in banks. It is easy to access, its digital nature makes it portable and unconsumable and also transactions can be done very quickly. we can also expect good profits by investing in bitcoin.

This. Bitcoin is decentralized and no one can take it away from you. It's sad that bitcoin might never be the currency to buy sandwich but well there are a lot of alts there that can do that like digibyte. Digibyte transactions based on my experience is only around 3 minutes plus the fees are very low like 70 sats only.

[The Pharmacist]

Just do it.  I respect you for looking at a potential investment skeptically,  but youll find 1000 reasons not to buy btc if you look hard enough--and meanwhile people are getting rich hand over fist.  Just put some of your disposable play money into it if you're that reluctant.   Transaction fees go up and down, as do confirmation times.  It's a work in progress.   And those two issues have improved considerably in the last month.

[Lieldoryn]

Bitcoin isn't a currency that is kept in banks. It is easy to access, its digital nature makes it portable and unconsumable and also transactions can be done very quickly. we can also expect good profits by investing in bitcoin.

This. Bitcoin is decentralized and no one can take it away from you. It's sad that bitcoin might never be the currency to buy sandwich but well there are a lot of alts there that can do that like digibyte. Digibyte transactions based on my experience is only around 3 minutes plus the fees are very low like 70 sats only.

If using bitcoin will never be able to buy a Burger he will die. Bitcoin was conceived as a currency, any currency created for purchases and sales. People have turned bitcoin into the action, but when you invest in a enterprise that promotions are supported by the products of this company. And what supported the stock of bitcoin?

[jc89]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

Yes, it is impractical for Bitcoin to be used on a daily basis just like fiat. This is because of the long waiting time of transaction confirmation and because of the high fees. Bitcoin is behaving more like an investment instead of a currency.

The fees will be fixed as long as the scaling issues are coped. Not just the fees will be lowered but the waiting time will be lessen as well.

[mamaya]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

Yes, it is impractical for Bitcoin to be used on a daily basis just like fiat. This is because of the long waiting time of transaction confirmation and because of the high fees. Bitcoin is behaving more like an investment instead of a currency.

The fees will be fixed as long as the scaling issues are coped. Not just the fees will be lowered but the waiting time will be lessen as well.

Segwit will lower the fees and lightning network will make it possible to both scale indefinitely and transact instantly. Or at least that is the promise they are making.

[JimmieA]

I would not advise you to invest btc or not but if you can bypass the fee then btc would be an extremely profitable investment. You only need to buy a few btc and wait 2-3 years for a certain amount of money, without investing in any project as this will probably make you lose money. If I were you and have a large enough amount of $ 3 then investing btc would be my top choice. if it's contrary, i wouldn't.

[hajimasan]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

If you can invest your money in the Bitcoin and another coins then hopefully you can make big earnings and then 3$ will be useless amount of fee for you earnings .
But still if you are right at your point that how a man can spent that much amount of money for the fee to buy small worth things.
suppose here I want to buy pizza of 5$ value then I need to pay 3$ , this is directly showing what we want to say .
But here you need to wait and see what the changes we will found in the future , I means to say for the launch of segqit2x , because it is believed that the fee for the transaction of the Bitcoin will got half because the size of the segwit will get double by replacement of segwit2x .
well here we can only wait for such types of things because we are the users not the owner , here we can make discussion and request only .

[Savemore]

The reasons why I keep invest in bitcoin because I know by using bitcoin I could earn money that I can use in my daily life. In addition to that, investing in bitcoin will help to sustain all your need in the near future. I think I will continue to invest in bitcoin because I know bitcoin is the key to become rich.

Yeah you're right. Bitcoin is the key for us to become rich. Bitcoin gave us a wonderful opportunity for us to have a profit. Investing your money to the bitcoin is really effective to earn money. This is the reason why I keep my btc.

[BitcoinzB]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

It's not about it becoming mainstream for now (as in for day-to-day transactions). As you said, you don't need that extra money for a while, so why just keep it there? I believe bitcoin would be a better investment (although it holds a small risk, like anything else)
My suggestion here is to invest what you can afford to lose, hold it for a while and see how it goes.

[UCHCHILD]

The reason of investing my money into bitcoin is because I know in the future I will earn a lot despite the fact of high fee yet I just disregard it due to my perception that I will earn more and make profit out of it.
To OP I guess now it is not yet time to use bitcoin to by physical stuff or one on one transaction because it is not that popular enough and it is not good in transaction fee but for sure time will come there will be lot of merchants who will use bitcoin and fee will be lessen as what we have now. That is how I looked for that 

[Russlenat]

In this time it is good reason to invest money to buy bitcoin because of its pumping market value every time, you can even invest and forget it for a year or you can play it with some exchange site to do trading your bitcoin from time to time.

[CODE200]

In this time it is good reason to invest money to buy bitcoin because of its pumping market value every time, you can even invest and forget it for a year or you can play it with some exchange site to do trading your bitcoin from time to time.

I prefer both. buy bitcoin and hold it for a year and the half of it will be your funds for daily trade basis in that term the profit will be more proficient. Besides, the bitcoin will have a segwit in August 1 that will be a good news or be a bad one but no matter will happen it is good to hold the bitcoin.

[Shutup]

Bitcoin now is my life ,I cant live without bitcoin because it provides our needs and I can save too.I will keep on investing so that my property will expand  that time comes I just relax and wait for the profit of my business.I really have to invest business so that I can save for the future of my kids.I know its not only me whos doing this but all bitcoiners is inspired because of bitcoin benifits,bitcoin really gives future for all users.

[Vixmore]

Bitcoin is currently more of an investment platform than a day-to-day currency. It has not gotten to that point where it will be used at that rate. However, we can certainly see that bitcoin will be the future and it is approaching fast. Maybe you cant effectively and logically buy a burger with those fees, but it bitcoin will certainly grow in the future.
The reason for why bitcoin is an extensive trading platform is the fact that there is a huge supply and demand for it and that easily drives the value higher than ever before. It becomes a commodity. Just hold onto bitcoins now as we can most certainly see another price jump somewhere in the future. Who knows? We probably will see the widespread use of bitcoin to the point where it becomes our daily drive in terms of currency. But for that we still need to wait a few year, or after everyone stops using it as a trading commodity.

[ufaiz50]

In this time it is good reason to invest money to buy bitcoin because of its pumping market value every time, you can even invest and forget it for a year or you can play it with some exchange site to do trading your bitcoin from time to time.

not pumping at every time sometimes there's also dump. buying bitcoin and forgetting it's a strange investment way and it's not that simple to invest in bitcoin you have to think about the profits and the time you spend.

[Sniper150]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

If you want to invest your money in bitcoin then go for it. I think you would earn a lot of profit for it. Don't you need your money for the next 2/3 years? Why? Yes, bitcoin is on top of the cryptocurrency that's why it is being popular. If you have complaints about the fees of bitcoin just relax and don't you worry about those fees because you can regain what you spend on it. Bitcoin is obviously not the money you use to buy in store but you can convert it into fiat currency to use for buying.

Is that true? Burger King is willing to accept bitcoin in russia? How I wish also in my country would be like in russia.

[Windpower]

Bitcoin currently isn't suited for day to day transactions such as buying groceries or paying for a meal, the fees are just too high for it to be logical to do these sorts of tasks. It is really just meant for investment at its current state but we will see this change in the next few years as Bitcoin improves and as more help is put in to improve it and make sure that everyone can use it. That is why it is still a good time to invest into Bitcoin, because in the next 2 to 3 years, Bitcoin will definitely change and you should be able to make daily transactions like buying a burger at burger king or mcdonalds.

Segwit should help this because with the increase to the block sizes will come lower transaction fees and times. This in turn would make a lot of people invest into Bitcoin and raise the price of it. We just need to wait it out now and it would definitely be a smart idea to invest into Bitcoin if you aren't going to use that money in the next couple of years. Investing is always smarter than just leaving your money sitting there, if you are smart about it of course.

[spadormie]

Dude continue your plan and become a millionaire with that time cap(2 to 3 yrs). Bitcoin will reach its highest peak this fall acoording to an article. Not only bitcoin but also the alternative coins. Invest in bitcoin now or it'll too late for you. Hodl bitcoin for 2-3 years is good enough for an investment.

[ximply]

Bitcoin currently isn't suited for day to day transactions such as buying groceries or paying for a meal, the fees are just too high for it to be logical to do these sorts of tasks. It is really just meant for investment at its current state but we will see this change in the next few years as Bitcoin improves and as more help is put in to improve it and make sure that everyone can use it. That is why it is still a good time to invest into Bitcoin, because in the next 2 to 3 years, Bitcoin will definitely change and you should be able to make daily transactions like buying a burger at burger king or mcdonalds.

Segwit should help this because with the increase to the block sizes will come lower transaction fees and times. This in turn would make a lot of people invest into Bitcoin and raise the price of it. We just need to wait it out now and it would definitely be a smart idea to invest into Bitcoin if you aren't going to use that money in the next couple of years. Investing is always smarter than just leaving your money sitting there, if you are smart about it of course.

To sustainability and to scale up is the issue of bitcoin, for the past two years bitcoin is already having some problem because of the transaction congestion and that is why fees are also going up for miners needs to get incentives. Now we can no longer use bitcoin for our day to day transactions for it is no longer practical to spend at high fees. So bitcoin no longer holding the position of a coins for everyone because it is now being limited. Only now suitable for investment. Bitcoin looses it value because of this for we can no longer use it as it is used to be and as it is proclaimed that we can use bitcoin anywhere. It bitcoin looses its ground on this functionality then eventually bitcoin will be replaced.

Other coins can now provide scaleability and sustainability and we can see that new coin will eventually replace bitcoin as the number one coin. Once everyone start to move to the next big coin then we will see the death of bitcoin. Consensus is needed and everyone should set aside personal interest and look at the interest of everyone as a whole.  

[jackflag]

Potential and profit is what I think of when investing in bitcoin, a powerful potential that gives me peace of mind. I believe in bitcoin, so I invest in it.

[Mike Mayor]

Funny how you talk about Bitcoin as an investment and then in the same breath say it's money. Are you confused ? An investment is something that frows over time not something you soend at Burger King so I'm not quiite sure what exactly you trying to say. Also the fees are not bad have you seen banking fees before ? Have you ever used a bank ? Banks you oay monthly fees then surplus charges on each transaction. Your bank to another bank takes forever to go through I'm talking days. So what are you talking about exactly ? You know when you use your bank card to buy things the money doesn't actually go through till much later right ? This nonesense about Bitcoin not big ok for purchases is exactly that utter nonesense. If you double spend or whatever the next time they see your wallet come up for a ourchase they will ask why you haven't paid and like anything else you oay s fine work it off or go to jail.

[craZyLovE0916]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

I agree with you 100%. At first, I always thought of Bitcoin as what would become the eventual day-to-day currency like fiat is today. After hearing the propaganda about "low fees" I thought it was amazing (considering fees today are often 3-4%). However, in reality they are becoming way too large now. I simply cannot comprehend how this will be sustainable going forward when Bitcoin is say, $1,000,000 fees will be $100 per transaction...

On the flip side, large fast food chains would most likely accept 0 confirmation transactions and thus be able to use much smaller fees which will take far longer to clear, but it is worth it as it is unlikely that people will go through the hassle of double-spending for such small transactions.

[ximply]

if not bitcoin then what coin can you recomment?

[zeta1]

Bitcoin price is the not stable,in future bitcoin price will increase ,so i like to invest in this.i can sell bitcoin in anytime for future needs.it is very safe also,this reason keeps me from investing in bitcoin.

[xFiber]

I get your struggle here but the fees is a temporary problem and will be fixed in the future. So in the long run you will have nothing to worry about. Go ahead and buy your first bitcoin and hold on to them for now before buying your sandwich.

[tavr]

if not bitcoin then what coin can you recomment?

as for now - ethereum, because many ico's are based on it

[pixie85]

Dude continue your plan and become a millionaire with that time cap(2 to 3 yrs). Bitcoin will reach its highest peak this fall acoording to an article. Not only bitcoin but also the alternative coins. Invest in bitcoin now or it'll too late for you. Hodl bitcoin for 2-3 years is good enough for an investment.

Don't base your investments on random articles that say you will profit. Do you always jump when other people tell you to?
I'm positive about Bitcoin's future and I'm holding some, but I've decided to do it after reading and learning a lot, not based on articles that say: buy! you'll be rich!

[RichardThessen]

For potential investors, the large takeaway should probably be that blockchain technology will probably exist in one form or another for years to come. The fate of bitcoin, however, is far more uncertain.

[xuan87]

Transaction fee has been a classic problem and hopefully it can be fixed immediately, it is true that with that high fee Bitcoin is not really suitable for some transaction
For now most of the people used as investment because the potential rising for Bitcoin is very good, so there are no reasons for you to stop investing

[Sarah08]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

We cant really predict he increasing or decreasing of the price of bitcoin in the coming years but what we hope for is to increase its price in the market without so that we will gain a good investment for out future but no doubt i still believed why i still invest bevause i beleived that it will still increase its price in the market.

[ximply]

11/25/2015 i managed to buy Bitcoin at $298 but its my mistake that i was not able to buy more. Now the price is at 2,500 and im buying more now. What an silly decision then. Fo who know two years from now again and the price will shoot up again.

[killgald]

11/25/2015 i managed to buy Bitcoin at $298 but its my mistake that i was not able to buy more. Now the price is at 2,500 and im buying more now. What an silly decision then. Fo who know two years from now again and the price will shoot up again.

Well nobody could imagine that bitcoin will be so succesfull now we are clear of that so invest in bitcoin is the best way to gain money

[ximply]

11/25/2015 i managed to buy Bitcoin at $298 but its my mistake that i was not able to buy more. Now the price is at 2,500 and im buying more now. What an silly decision then. Fo who know two years from now again and the price will shoot up again.

Well nobody could imagine that bitcoin will be so succesfull now we are clear of that so invest in bitcoin is the best way to gain money

Two years ago i could have bought 70 Bitcoin but now i cant even buy 10 Bitcoin for the same amount of money. But i will try to buy during deep and will accumulate a few. I just bought Bitcoin awhile ago. And will continue to do that until before August 1.

[systemv]

Best and most convenient investment ever. No stupid realtors and then maintenance, no greedy money managers, no nickel-and-dime-ing banks...

[robelneo]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

It's still profitable to invest in Bitcoin right now and the coming segwith is a way to make transactions faster and hopefully lower, right now bitcoin is  portfolio based but there's still a lot of sites and offline stores that accept bitcoin once the transaction is fix bitcoin's price will be bigger and profitable

[nexttime]

We decided to invest in bitcoin for many reasons. At least, it is a new, not taxable currency. Invest in btc investing in our future and more. This is very significant for some countries whose currencies are falling sharply.

[ratoe]

This is a good analyst about bitcoin from Wences Casares, CEO of Xapo

"I assume that there’s a 20% chance that Bitcoin fails towards zero. I assume that there is a 50% or slightly higher than 50% chance that Bitcoin succeeds in being mainstream in the digital world, in which case, there will be as many users as there are of Whatsapp today, and to do that, you need Bitcoin to be worth $1 million per Bitcoin. And that’s 2,000 times what it’s worth today. And there is about a 30% chance that Bitcoin succeeds in some niche use case where it doesn’t disappear, but it’s not broadly used, and therefore the price is not $0 and it’s not $1 million.”

Maybe good for your reference..

[Wesimon]

Bitcoin if probably a good investment for us. It is non taxable and no one controls it. You have the power over your investments. You can buy or sell whenever you want. Living proof that bitcoin is a good investment is way back years when its cost is very low. Look how high the value of bitcoin is today. There is high probability that your investment will double or triple its price.

For the fees regarding bitcoin transaction, compared to the tax you will get if its under government, consider it low. Hopefully segwit will do something to resolve this.

[rabbiter]

Bitcoin is very famous,and it is good investment for future purpose.we can sell anytime for emergency.bitcoin has low transaction fees.it can send and receive money easily.

[junkozane]

Bitcoin is good for storing and transaction pupose. So, as of that reason, i invested in bitcoin. We can also spend our bitcoins in necessary times and there are no conditions and restricitons on that. 

[EthBooksPro]

If you are looking to hold for 2-3yrs, the current fees should be the least of your worries. A solution to the high fees will be found sooner or later, and the price will keep rising. So, if you believe in btc and the underlying technology, invest now and forget about it for some time. Might be worth it.

[rabbiter]

My preference is for the bitcoin when comes to investment as it is new to the world economy. if we invest in bitcoin, we will be benefited in future. only these things making me to keep some money in bitcoin.

[haroldtee]

The fee is just a temporary issue which would be fixed with a successful upgrade.  Moreover, since you will be leaving your btc for long term as an investment for almost 3 years, I see no reason why the fee should be a challenge for you. Just make sure you don't put all your eggs in a basket though.

[mrcash02]

The fee is just a temporary issue which would be fixed with a successful upgrade.  Moreover, since you will be leaving your btc for long term as an investment for almost 3 years, I see no reason why the fee should be a challenge for you. Just make sure you don't put all your eggs in a basket though.

I think this upgrade isn't sufficient on long term. The number of Bitcoin adopters don't stop growing and at some point another upgrade will be needed and all the drama will start again... But for now the news are good, the hardfork probably won't happen and there are some optimistic predictions about BTC price that could increase about 50% in relation with the currently price after August 1.

It's a good idea to invest, but don't to forget the money for 3 years, better to always check how the market is doing.

[Restmand]

If you are looking to hold for 2-3yrs, the current fees should be the least of your worries. A solution to the high fees will be found sooner or later, and the price will keep rising. So, if you believe in btc and the underlying technology, invest now and forget about it for some time. Might be worth it.

Yes. I think it will be resolve in few more days months or year. Bitcoin transaction fees is too much big now and we sometimes get mad because of it. I keep on investing because i really believe in bitcoin i know that it can helps me a lot not only now but in the future eventuall. So keep seeking bitcoin.

[Seeker01]

The reason why i keep on investing here in bitcoin because i believe on it, i know that bitcoin will help me build my future and no doubt this is really a great opportunity for everyone to make more money. the price today are still cheap buy more and enjoy later on.

[error08]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

Scalability issues will be solved obviously, it just matter of time. People expect bitcoin fees will be normal again according to transaction bytes and suitable for micro transaction in the future, and it may happen if block size increased.
If you willing to hold bitcoin for 2-3 years later, then it won't be a problem as bitcoin should reach another peak over $5000 I guess.
No doubt about it as bitcoin has proven its value increase over time because more people keep coming and support for its development and usability.

[gribble]

11/25/2015 i managed to buy Bitcoin at $298 but its my mistake that i was not able to buy more. Now the price is at 2,500 and im buying more now. What an silly decision then. Fo who know two years from now again and the price will shoot up again.

We are on era of revolution digital currencies in the internet, however bitcoins is still new not many people around the world who know and use bitcoins for payment daily or be considered as instrument of investment, so there are chance bitcoin's price will be more expensive than today, even there is prediction bitcoin's price will be $55.000/BTC in ten years later. Today is not too late for buy bitcoins for long time investment.

[moviebuff777]

Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you

I think you are right that in the future, bitcoins will only be used for large transactions because of the fees. It apparently doesn't hurt bitcoin right now because the price keeps going up. This leaves small transactions for fiat but it's also possible that an altcoin will become the main coin for small transactions. The question is which altcoin(s) will take that role.

[gabbie2010]

Well there is a wide speculation that the price of bitcoin will rise in fees years to come prompting me to keep holding little by little, we are all aware of the price few years a go people who held their bitcoin had made tremendous profits. Investing in bitcoin is indeed straight investment without any middle men involved.

[Pleione527]

I witness the tremendous increase in the price of bitcoin for the past years and I regret that I failed to hold some before the price hike...now I tried to invest little by little and hoping that bitcoin value will still continue to grow and hoping to have a good profit

[TravelMug]

I witness the tremendous increase in the price of bitcoin for the past years and I regret that I failed to hold some before the price hike...now I tried to invest little by little and hoping that bitcoin value will still continue to grow and hoping to have a good profit

You are not alone. Some of us even lost bitcoin along the way. But the important thing is we are still on it. Buying and holding because we truly believes that the price will exponentially rise in the future. And getting little by little is a good strategy to accumulate in time. I'm also a firm believer of this method that's why I'm getting few here and there if a can.

[harizen]

I witness the tremendous increase in the price of bitcoin for the past years and I regret that I failed to hold some before the price hike...now I tried to invest little by little and hoping that bitcoin value will still continue to grow and hoping to have a good profit

You are not alone. Some of us even lost bitcoin along the way. But the important thing is we are still on it. Buying and holding because we truly believes that the price will exponentially rise in the future. And getting little by little is a good strategy to accumulate in time. I'm also a firm believer of this method that's why I'm getting few here and there if a can.

But then we must take note of the possible things that might happen few days from now. Take time to analyze what will happened before buying and selling bitcoins today.

https://bitcointalk.org/index.php?topic=2017191.0
https://bitcointalk.org/index.php?topic=2012799.0

[AiWanChu]

dont buy bitcoin if you prefer to live in poverty

[mantra]

Bitcoin investment does have a big risk, can be very harmful and can be very profitable, I only think about the big profits, but of course still with reasonable consideration, I still will consistently say that bitcoin is a very promising investment

[CarnagexD]

Fee's are being worked on as we speak and we'll surely see a fix very soon.

Just last year the fee's were a few cents for sending any emount anywhere. That's pretty neat and how it should be. But then again if you are looking to invest you should be getting in to BTC. If it's money that you don't need for the next 2 or 3 years I don't see why fee's are an issue for you. Buy BTC, secure it and then forget about it for 3 years. I am very certain that you'll be rich after those 3 years.

The point is Bitcoin is always developing its system in terms of transaction, fees, value or even in security. Making peole choose Bitcoin more as an option on daily transaction or in investment itself. But the truth is Bitcoin is relatively developing as it's start making a name on the market. So its better for us to trust and to embrace the system of bitcoin on a more professional case just like investment and trading. Just look and set a goal to earn and no doubt that you could possibly achieved it.

[Hhampuz]

dont buy bitcoin if you prefer to live in poverty

What does that even mean? Lol. You have no idea about his current situation or how much money he has or is worth right now, you have no clue really. There will be plenty of chances in th  coming years for people to invest but by not investing doesn't really make you poor. Weird logic you got going there..

[nethan1btc]

I witness the tremendous increase in the price of bitcoin for the past years and I regret that I failed to hold some before the price hike...now I tried to invest little by little and hoping that bitcoin value will still continue to grow and hoping to have a good profit

You are not alone. Some of us even lost bitcoin along the way. But the important thing is we are still on it. Buying and holding because we truly believes that the price will exponentially rise in the future. And getting little by little is a good strategy to accumulate in time. I'm also a firm believer of this method that's why I'm getting few here and there if a can.

Well I see it that bitcoin can be invested in long term that's why most of us here kept the good investments with bitcoin for so long and never give up. Eventhough there were time you wanted to sell, but you kept on holding prior price will hit the top. So wait for several months and even years the price will increase from time to time, there's no regret at all and you will really be happy with the results in the future.