Bitcoin is garbage.

[sino22]

How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50.  To do that, he paid $13.46 in fees.  Does that seem like a sensible payment system?  Not.  It is garbage.  SegWit didn't help with anything. 

I know the situation is bad but not this bad at this point which I honestly beleived it should not get to this point but at this pont there is hardly anything we can do about it but that does not make bitcoin a garbage as you have made it sound. I also believe that this will pass too just like several other issues that have happened in the past. On the issue of SegWit, its going to solve some problem and its roll out is in phases and when it fully circulates, it makes things more cheaper than what we are currently facing.

with the news like this, it's one big risk too, but despite such risks. does not mean we can call that bitcoin garbage.
because the world of reality is also a lot of sudaah assisted by the presence of bitcoin in circulation.

[Bittoshi]

That's where altcoins are useful.   

Bitcoin was supposed to be useful too.  Now it has been rendered nothing more than a Ponzi scheme.  It has no real purpose other than for more and more people to come one after another to give money to the guys already in.  Then BAM!!! a total freefall collapse.

I am not sure if it will collapse with a BOOM. Price will decrease more and more over a long time period once people lose trust in Bitcoin.

[KingScorpio]

That's where altcoins are useful.   

Bitcoin was supposed to be useful too.  Now it has been rendered nothing more than a Ponzi scheme.  It has no real purpose other than for more and more people to come one after another to give money to the guys already in.  Then BAM!!! a total freefall collapse.

I am not sure if it will collapse with a BOOM. Price will decrease more and more over a long time period once people lose trust in Bitcoin.

Bitoshi are you an anyonymous account of satoshi nakamoto? hy man,

that message was very great, very intelligent, once the distrust and hatred towards bitcoin reaches a critical mass bitcoin price will collapse, that can happen very quickly and there are many reasons that cannot be solved.

transaction costs,
energy waste,
slow,

[yojodojo21]

This what we call an encouragement from discouragement some sort of like this, we can get positive reliability while some others give negative response or in other words they bash bitcoin, but what are we really up to is not from the response of any other it's between bitcoin an individual user of bitcoin.

[no0dlepunk]

That's where altcoins are useful.   

Bitcoin was supposed to be useful too.  Now it has been rendered nothing more than a Ponzi scheme.  It has no real purpose other than for more and more people to come one after another to give money to the guys already in.  Then BAM!!! a total freefall collapse.

Man, I honestly don't know what to say now because you totally have a point. Most of the time I prefer Litecoins to send money abroad instead of bitcoin because of the fees. However, I cannot say that bitcoin is garbage because I earned millions out of thin air.

[Ranly123]

That's where altcoins are useful.   

Bitcoin was supposed to be useful too.  Now it has been rendered nothing more than a Ponzi scheme.  It has no real purpose other than for more and more people to come one after another to give money to the guys already in.  Then BAM!!! a total freefall collapse.

It was said when bitcoin was first introduced yet here we are now multiplying multiple times than the previous price. People like you who always think bad about bitcoin should not invest on cryptocurrency. You better bank your money and just earn 1% per annum on it while we invest bitcoin and earn 200-300% of our investment. It is also good to take the risk and earn something than doing nothing.

[coolcoinz]

I wouldn’t call it garbage,  but sadly, unless things change, The dream of bitcoin becoming a world currency is going to die.  Bitcoin seems to be assuming the role of “store of wealth” or “digital gold”.  

That dream is still alive: Bitcoin Cash works exactly like Satoshi wanted it to because it is exactly like Satoshi's Bitcoin with no fukcing SegWit.

So this is what this thread was all about. Bitcoin is garbage because BCH is the new king
This started as a complain and ended up as sucking off Roger Ver's shitcoin.

Bitcoin wasn't a garbage tho. Due to its price raises so up nowadays, some couldn't afford it. Thus some wouldn't buy it for now because they are thinking and waiting for its price decrease again. And, Bitcoin is a looooong term investment. I've had converted 40Php (1 USD) back then now it is 2USD. It's still worth it.

You can always afford Bitcoin, just not a whole one and doesn't affect your potential profits. You can still double your investment now just like you could do it when Bitcoin was worth half of what it is now.

[Pakar11220]

who said that bitcoin is garbage, if you then i ask from you that what are you doing in bitcoin forum, as of my opinion bitcoin is so far better than others.the only thing which is not good is that its price movements, every time and in seconds to seconds its price appreciate and deppreciate for which people feel fear,  because people do not want to be on loss.every person eyes is on to earn money and maximize its profit.

[Simon pasco]

I totally agree, it's amazing to have to pay more expensive fees for something that wants to decentralize

[SaShiRaJaVu]

Here is a guy trying to give Andreas a tip of $1.50.  To do that, he paid $13.46 in fees.  Does that seem like a sensible payment system?  Not.  It is garbage.  SegWit didn't help with anything.  

Each and every coin in the crypto currency network will have a bottle neck period when there are a multi million users transacting and each and every coin present in the entire crypto space will cramp up,so it is not just the problem with bitcoin alone,it is the problem with each and  every coin,but bitcoin can still use the same fees to sent millions of dollars too,do not forget that.

[cryptoblue]

Well, Bitcoin is not a garbage, but transaction fee is a major problem. I believe there is an urgent need to address this issue.

[Smpdytz]

This garbage makes many billionaires and millionairess.the reasons was btc price is soo high now.if you dont link btc anymore you can use etherum and other altcoins

[mayax]

the fundamentals changed. The goal is not using bitcoin any more. It's making money. It's that simple.

The older investors are waiting for new comers to pay premium and it's not earned equally. You have to spend more everyday to someone that paid less at an earlier date.

Apart from cost of mining and development, there is no valuation so it's based on hype. /bitcoin is the source of hype and you surrounding yourself with similar minded people only adds to your delusion.

[mayax]

That's where altcoins are useful.   

Bitcoin was supposed to be useful too.  Now it has been rendered nothing more than a Ponzi scheme.  It has no real purpose other than for more and more people to come one after another to give money to the guys already in.  Then BAM!!! a total freefall collapse.

SO TRUE !  no other words to this comment.

RawDog, you are part of the few whoreally think with their brain and not saying "HOLDL, to the Moon" or other shits.

[ice098]

This garbage makes many billionaires and millionairess.the reasons was btc price is soo high now.if you dont link btc anymore you can use etherum and other altcoins

This garbage you say is gives a lot of earning also make a person a better life and change way of living in many lives in bitcoin user. And the reason why is still become popular because of many people get interested and also because of rising value of bitcoin.

[Dapper]

As long as it stays above $12, I'm holding.

[mayax]

This garbage makes many billionaires and millionairess.the reasons was btc price is soo high now.if you dont link btc anymore you can use etherum and other altcoins

This garbage you say is gives a lot of earning also make a person a better life and change way of living in many lives in bitcoin user. And the reason why is still become popular because of many people get interested and also because of rising value of bitcoin.

other user said very good :

"BERNIE MADOFF made a lot of ppl rich, but he also hurt a lot of people, this is the point of BITCOIN, to only focus on winners, and deny losers exist.

Winners of every PONZI will always protect it in earnest, until it bites them, then they will be 'shocked' .

[coolcoinz]

This garbage makes many billionaires and millionairess.the reasons was btc price is soo high now.if you dont link btc anymore you can use etherum and other altcoins

This garbage you say is gives a lot of earning also make a person a better life and change way of living in many lives in bitcoin user. And the reason why is still become popular because of many people get interested and also because of rising value of bitcoin.

other user said very good :

"BERNIE MADOFF made a lot of ppl rich, but he also hurt a lot of people, this is the point of BITCOIN, to only focus on winners, and deny losers exist.

Winners of every PONZI will always protect it in earnest, until it bites them, then they will be 'shocked' .

In Madoff's case more people people got hurt. It wasn't even close to a 50/50, i'd say it was like 80/20 in favor of the broke. He was running an inefficient trading system since the beginning that worked only because some of those wealthy investors didn't need to cash out. He was taking 100 million from an investor and paying him 1 million a year from his own money, telling him that it's the profits and his 100 m is still there, while it wasn't.

Bitcoin isn't a ponzi scheme because there's nobody running it and taking the profits. It's simple economy running itself, but people used to a centralized system that doesn't give them full control can't understand it.

[Pokerforbtc]

no why not...

[Lieldoryn]

It seems to me that the error is Satoshi Nakamoto was the fact that he didn't report the growth mechanism of the unit automatically in the system. The rate of mining coins, there is but indicative of the speed of transaction confirmation no. Perhaps in the future there will be a fixed price transaction that will benefit production and not to Rob users.