erickkyut
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August 07, 2017, 11:49:09 PM |
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I don't think that there should be a reason for you to keep away from investing in Bitcoin. If you are afraid of the risks, you should not invest in the first place because every investment has a risk. There isno investment that has no risk and with guaranteed returns. Those risk are manageable as long as you understand what you are investing to. Conducting your own research and studies will help you.
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The_Dark_Knight
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August 09, 2017, 03:42:54 AM |
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mystic future of btc makes me worry sometimes
In terms of what makes you worry for investing in bitcoin? Is it because of fear the price drops, or maybe fear your bitcoin will be lost due to hacked? All investment has its own risks, in bitcoin you have to overcome your fears. For the reasons if you invest today even the price is expensive in the future you can earn profit. This is the reasons why I keep investing in bitcoin due to its advantages offer to the users. So I use bitcoin for savings and to earned profit. This is true many people are not used to decreases in price in the range of 20% to 30% in a day, if they lost that in a year they will be freaking out, losing that in a day may seem like the end of the world to them but since we are used to the way bitcoin works then this is not a big deal for us.
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chixka000
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August 09, 2017, 03:46:41 AM |
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That is really for me the biggest problem that bitcoin is currently facing. I still cant say if the segwit method either the hard fork method can give the solution because obviously right now the hard fork may seem to fail
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nuela
Full Member
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Activity: 145
Merit: 100
Blocklancer - Freelance on the Blockchain
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August 09, 2017, 04:49:00 AM |
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I have no reason, because I have invested bitcoin and it's been a long time ago, I also think bitcoin prices will always uplift every time and every year all has happened in the year before.
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bitcoinisbest
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August 09, 2017, 04:56:53 AM |
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I have no reason, because I have invested bitcoin and it's been a long time ago, I also think bitcoin prices will always uplift every time and every year all has happened in the year before.
Bitcoin is going global as many countries have started to make it as a legal currency. Once major countries do it cash transaction will decline to an extent and btc will replace it. The demand will keep rising and the prices may also rise. After 1st Aug instead of a dip as it was expected the bitcoin price is just on a one way which is upward. So it is the best investment at this time.
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Jenn09
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August 09, 2017, 07:33:17 AM |
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The reason why I'm still investing in bitcoins because as we can see the potential of this coins is so huge, I think this coins will pump up and goes up to the moon , probably it will range at 4k USD to 5k USD end of this year. I believe that sooner or later it will become global and even our government will acknowledge this soon.
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Peashooter
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August 09, 2017, 12:31:10 PM |
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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.
Actually, investing in bitcoin with your momey is a good option because bitcoin is profitable and you can assure that you could earn and make a good profit. In addition to that, as of now many people already invest im bitcoin they see the great potential of bitcoin. I think if you invest in bitcoin few years a ago I guess right now you are one of the millionaire in the world.
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trippki
Newbie
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Activity: 100
Merit: 0
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August 09, 2017, 12:44:00 PM |
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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 Please don't be put off by the current price of fees, this issue is currently being addressed and very soon BTC will be back to the promise of being virtually free to send. So invest now in the greatest opportunity of our lifetimes.
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totaleclipseofthebank
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August 09, 2017, 01:24:40 PM |
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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 The reason that keeps me on investing into bitcoin isee because it is the strange thing that I have but although it is strange it do provide income to help my mom in our daily expenses. Also I can hold it for a long period of time wherein I can gain because bitcoin's price is keep on rising from time to time. I don't see any persuasive opinion that keeps everybody from investing in Bitcoin. To me more and more people will approach Bitcoin and start investing in Bitcoin. Its price is very stable now and it will go higher time by time. Hopefully It will be acceptable by all countries in the world.
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ClvrGmr
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August 09, 2017, 03:23:50 PM |
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As you can see bitcoins value is still rising up. This keeps people investing into bitcoins. By the end of the year it is expected to have $5000 value of 1btc. Looking at the investors point of view, he/she will probably invest a lot amount of btc today and just hold it until the value increases overtime. Well for me its just the same, I wanna earn bitcoins and then hold it until the end of 2017 to gain profit. Also bitcoin has lest risk of failing a transaction therefore attracting people to invest because its easier to be involve and control the flow rather than in real life currencies there's a limit on your capabilities to control.
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sam53
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August 09, 2017, 03:43:12 PM |
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Hello everybody. I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years. I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. 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 The reason that keeps me on investing into bitcoin isee because it is the strange thing that I have but although it is strange it do provide income to help my mom in our daily expenses. Also I can hold it for a long period of time wherein I can gain because bitcoin's price is keep on rising from time to time. I don't see any persuasive opinion that keeps everybody from investing in Bitcoin. To me more and more people will approach Bitcoin and start investing in Bitcoin. Its price is very stable now and it will go higher time by time. Hopefully It will be acceptable by all countries in the world. Why not have persuasive opinion? Many opinion for people hate cryptocurrency and never investing to it. Example the value of it is virtual, temporary by the mentality of community using it, can increasing or decreasing any time depending they like or hate.
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poplolnman
Legendary
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Activity: 1442
Merit: 1008
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August 09, 2017, 04:07:13 PM |
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I don't think that there should be a reason for you to keep away from investing in Bitcoin. If you are afraid of the risks, you should not invest in the first place because every investment has a risk. There isno investment that has no risk and with guaranteed returns. Those risk are manageable as long as you understand what you are investing to. Conducting your own research and studies will help you.
too naive to say there's no risk in an investment. just simply thinking about this : the supply of bitcoin limited , fixed and when the supply almost empty and a lot of people looking for bitcoin what would happened then ? guess what? the value would get higher and higher no doubt, so even then 'if' the fee remain high , the future of bitcoin still as bright as before.
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I'm in 400,000 euros debt , dont help me , i rather die
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An0nyMoose
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August 09, 2017, 04:43:25 PM |
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You are right, but here si the thing.
When we do transactions they will show on the network instantly.
The problem is to wait for confirmations, which requires fees.
However, for Burger King they do not require any confirmations so they can use small fees like credit cards just like $0.05 (5 cents) which is nothing but the transactions will clear after 24 hours.
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adzino
Copper Member
Hero Member
Offline
Activity: 2996
Merit: 576
www.Crypto.Games: Multiple coins, multiple games
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August 09, 2017, 05:13:27 PM |
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You are right, but here si the thing.
When we do transactions they will show on the network instantly.
The problem is to wait for confirmations, which requires fees.
However, for Burger King they do not require any confirmations so they can use small fees like credit cards just like $0.05 (5 cents) which is nothing but the transactions will clear after 24 hours.
Why even bother using bitcoins if credit cards are getting involved. Credit cards and bitcoins don't seem to go along and bitcoins actually ends up losing its supremacy. And I don't see the logic here. How will using fee from CC help?
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The_Dark_Knight
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August 11, 2017, 10:10:35 PM |
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I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?
Will segwit may lower the fees?
If you have money, do not hesitate to invest on bitcoin, consider it as your long term investment as bitcoin value will always increases as time goes on, as has been proven so far. Bitcoin created to be an alternative currency, but the problem is bitcoin can't afford too many transactions every second, so the fees increase in order to process transaction faster. yes, who wants to buy $2 fee for $5 burger? No one. That's why we've been waiting for segwit be activated and be solved those problems. I think SegWit can do that, but time will tell us the truth whether is it really works or just temporary solution? I think if you are looking to invest for long term, Bitcoin is the best alternative as compare to Stocks or Mutual Funds. Why? Because overall, bitcoin's performance is much better as compare to both, specially this year alone. Do down 5-10 years from now, probably if you invest now, your profit could be x5 or even x10 of your initial capital. So its a good to add your your current investment portfolio. The reason that keeps me on investing into bitcoin isee because it is the strange thing that I have but although it is strange it do provide income to help my mom in our daily expenses. Also I can hold it for a long period of time wherein I can gain because bitcoin's price is keep on rising from time to time.
Looks like you are not investing but looking at bitcoin as means to provide you and your mom income. But if you could it then it can really benefit you longer time. Yes, the price fluctuation of bitcoin is on our side now because its keeps rising day in day out. We can see profit that way. Stocks are not a rival to bitcoin, at best a stock will go up 10% every year, bitcoin in this year alone is up about 500%, you can earn in bitcoin in a single year more than what you could investing in stocks for 20 years if that does not tell you which one is the best then I do not know what to tell to people like that.
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Dainye_dyep
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August 11, 2017, 11:12:35 PM |
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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 The reason why I keep on investing on bitcoin is because of its features that attracted not just me but also the people around the world that is also investing on bitcoin. The first thing that keeps me on investing on bitcoin is it provides income online and in addition to that, bitcoin's price is continuously changing that provides larger kickback of profit enabling me to have more than the usual. Also its fast transaction and decentralized block chain.
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Theb
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August 11, 2017, 11:16:52 PM |
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As for my reason why I am investing in Bitcoin, well I don't really put my money in Bitcoin but what Bitcoin I earn I hold it in my wallet and hope the price will grow. Also for spending as well , I will just use my Bitcoin as my last resort if I really don't have any fiat currency left. So there is no reason for me to spend my Bitcoin, it is like a great chance for me to save as many as I can because it is a perfect opportunity for people who are on a tight budget.
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cryptocortex
Member
Offline
Activity: 73
Merit: 11
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August 11, 2017, 11:24:25 PM |
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Buying sandwiches is not the main use case of Bitcoin, at the end of the day you can use your visa to do this without major problems. The beauty of Bitcoin lies in providing a decentralized and secure way of storing value. But if you are patient, someday you will be able to buy your sandwich with Bitcoin, after features like lightning channels are available.
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thundercrystal
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August 12, 2017, 01:00:04 AM |
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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 keep on investing on bitcoin because it has high price. I continue to invest on it because my money grows higher. Even though it is not yet stable and it has high transaction fee. It is easy to manipulate your money through bitcoin. So I keep on investing on it.
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tanginamoo
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August 12, 2017, 01:06:02 AM |
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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 keep on investing on bitcoin because it has high price. I continue to invest on it because my money grows higher. Even though it is not yet stable and it has high transaction fee. It is easy to manipulate your money through bitcoin. So I keep on investing on it. I agree to it that bitcoin keeps your money grow. As a student, I have my bitcoin and let it grow until I can have money for my future expenses. Bitcoin makes me think about money, it is better to wait for your bitcoin to grow than to use it immediately. Investing in bitcoin is a choice make. If you want your money to double, it is better to invest on bitcoin.
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