mk4
Legendary
 Offline
Activity: 2758
Merit: 3831
Paldo.io 🤖
|
 |
June 29, 2017, 12:15:09 PM |
|
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.
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
TravelMug
|
|
June 29, 2017, 12:18:37 PM |
|
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. |
| R |
▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO
FUTURES | | | | | | | │ | 1,000x
LEVERAGE | │ | COMPETITIVE
FEES | │ | INSTANT
EXECUTION | │ | .
TRADE NOW |
|
|
|
Ashtville
Newbie
Offline
Activity: 54
Merit: 0
|
|
June 29, 2017, 12:39:17 PM |
|
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 $1 fee per tx, although high, isn't that critical...
|
|
|
|
|
|
childish
|
|
June 29, 2017, 02:29:29 PM |
|
Hello everybody. I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years. I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. 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
|
|
June 29, 2017, 02:49:13 PM |
|
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
|
|
June 29, 2017, 02:55:56 PM |
|
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
Legendary
Offline
Activity: 1904
Merit: 1073
|
|
June 29, 2017, 03:07:37 PM |
|
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
Legendary
Offline
Activity: 1848
Merit: 1000
|
|
June 29, 2017, 03:21:39 PM |
|
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
Newbie
Offline
Activity: 7
Merit: 0
|
|
June 29, 2017, 03:48:54 PM |
|
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
|
|
June 29, 2017, 06:09:14 PM |
|
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
|
|
July 01, 2017, 12:29:38 PM |
|
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
Full Member
Offline
Activity: 350
Merit: 170
I do crypto TRADING
|
|
July 01, 2017, 12:58:14 PM |
|
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
|
|
July 01, 2017, 01:29:08 PM |
|
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
Newbie
Offline
Activity: 5
Merit: 0
|
|
July 01, 2017, 01:34:01 PM |
|
I find bitcoin a great and profitable investment vehicle and for trading, it gives great returns.
|
|
|
|
|
AjithBtc
Sr. Member
Offline
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
|
|
July 01, 2017, 01:43:40 PM |
|
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
|
|
July 01, 2017, 05:11:55 PM |
|
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 $. |
|
|
|
|
Basmic
|
|
July 01, 2017, 05:34:03 PM |
|
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
Legendary
Offline
Activity: 3052
Merit: 1047
Your country may be your worst enemy
|
|
July 01, 2017, 05:36:23 PM |
|
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.
|
I used to be a citizen and a taxpayer. Those days are long gone.
|
|
|
|
leyton11
|
|
July 01, 2017, 05:49:30 PM |
|
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
Legendary
Offline
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
|
|
July 01, 2017, 06:28:58 PM |
|
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.
|
|
|
|
|
