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Author Topic: Are You Discouraged with Bitcoin?  (Read 1679 times)
BitcoinNational
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December 14, 2017, 11:51:01 AM
 #21

Just the opposite, I'm convinced more than ever that dealing with Bitcoin is right decision.
Problem is because some people had expectations that Bitcoin will become mainstream, which is an illusion, or they expected much biger personal gain they failed to succeeded and they are discouraged. Easy money was motivation for many and when this failed they started to blaim Bitcoin.Every such users should ask himself why he started using Bitcoin at first place.


That's exactly the problem, bitcoin isn't and shouldn't become mainstream. It hasn't been foreseen for a high volume of transactions. There are more altcoins which can become reference and support the "weaknesses" of bitcoin.

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iqlimasyadiqa
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December 14, 2017, 11:52:11 AM
 #22


The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.

People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.

Do you feel like discouraged about Bitcoin with this latest debacle?
Cost of the existing fee is currently incriminating us all in making transactions using bitcoin, but it is a consequence because the current price increases Bitcoin so that if we convert to dollar then it will feel very big. but what I really regret is this time that the slower the transaction, I will not question about the amount of fee. slowness of delivery becomes a very serious problem.
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December 14, 2017, 11:58:34 AM
 #23

No, cause that it's a tax
Deposit ETH = Free
Withdrawal ETH = 0.005 ETH
ETH sale / purchase transaction with Bitcoin = 0%
* All fees for sale and withdrawal transactions that occur in Bitcoin.co.id have included VAT (Value Added Tax) of 10%.
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December 14, 2017, 12:03:38 PM
 #24

this is business so of course when bitcoin price increase they will also increase the fees and they would grab the opportunity to gain more profit. the problem is those that own small amount of bitcoin because it will kill them step by step.
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December 14, 2017, 12:07:58 PM
 #25

I agree with the general sentiment here that bitcoin needs plenty of upgrading. Hopefully the Lightning Network will be implemented soon for both bitcoin and Litecoin. Greater capacity will certainly bring more interest in bitcoin among the mainstream.
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December 14, 2017, 12:11:17 PM
 #26

Bitcoin is a good technology that helps people make transactions easily. Every transaction are having fees just like normal transactions so it is not different to any transactions. Having a high value requires a high price just like taxes so I am not discouraged to use bitcoin. I am glad that bitcoin was invented because it gives everyone an opportunity to have an alternative source of income and it makes people do transactions easily and internationally so it is not a good thing to be discourage on a latest technology that makes people's life easier.

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December 14, 2017, 12:13:07 PM
 #27

The only thing that does discourage me is the cost of fees if wanting fast confirmation. It makes bitcoin hard to really emerge as a daily currency if it's going to cost a lot to transfer.

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December 14, 2017, 12:18:30 PM
 #28


The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.

People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.

Do you feel like discouraged about Bitcoin with this latest debacle?
Im not discouraged about bitcoin because it gives a great help and promotes raising up of poverties. Bitcoin is encouragable thing that needs to give more time ir prioritized. We cannot deny the fact that bitcoin should gave a great help and its reduces unemployment.

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December 14, 2017, 12:28:34 PM
 #29

Why do i feel discouraged after all the things bitcoin has done to not just only me but us...
Indeed, bitcoin has some issues but we can not deny the fact that no matter what bitcoin is still changing people lives.
Bitcoin scalability is the best thing to do to make bitcoin near perfect currency if the not the most perfect one for now.
Market price ups and downs gives people the opportunity to buy low and sell when the price gets higher and make profit.
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December 14, 2017, 12:32:11 PM
 #30

The opposite for me actually, I am really encouraged with how its doing. The way I see it, any problems with bitcoin with fees or whatever. will mean more money being put into altcoins, thus growing cryptocurrency anyways.
I see it as a long term thing though, as the amount of ICOs should stabilize over the next few years
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December 14, 2017, 12:33:26 PM
 #31


The problem of scalability has reared its ugly head again this time when transactions are clogging and when we are about to experience the coming of the Bitcoin Futures. People have been expecting that soon Bitcoin can reach the mainstream with the legitimization it has been going through with the introduction of the Bitcoin Futures Contracts.

People are now strongly complaining of the shockingly high fees imposed by wallets and exchanges for the transfer of Bitcoin and this should not be ignored by those tasked with making decisions for Bitcoin. This whole thing can kill Bitcoin gradually if not given the appropriate remedy.

Do you feel like discouraged about Bitcoin with this latest debacle?
Im not discouraged about bitcoin because it gives a great help and promotes raising up of poverties. Bitcoin is encouragable thing that needs to give more time ir prioritized. We cannot deny the fact that bitcoin should gave a great help and its reduces unemployment.
Yeah we know that thing, we can't deny the fact about the great opportunity that bitcoin's provided to us for the past 8 years, breaking all the records and limits that the crypto has been done before, but we can't also deny the fact that it is disappointing to experience slow transaction process for confirmations and high rated transfer fees that make a regular trader or investor discouraged by its common problem, you will understand once you regularly transfer large amount of bitcoin to many wallets addresses for the mean time all of the bitcoin enthusiasts are still waiting for the fix that the lightning network promised.

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December 14, 2017, 12:41:25 PM
 #32

Yes I am a little discouraged with bitcoin, just a little bit, the moment that bitcoin value increases I was not able to buy some other cryptocurrency which accept bitcoins all of the transaction fee increases too. I really think bitcoin is not for all anymore only for those who can afford and having an big investments already or the whales.
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December 14, 2017, 07:41:31 PM
 #33

Just the opposite, I'm convinced more than ever that dealing with Bitcoin is right decision.
Problem is because some people had expectations that Bitcoin will become mainstream, which is an illusion, or they expected much biger personal gain they failed to succeeded and they are discouraged. Easy money was motivation for many and when this failed they started to blaim Bitcoin.Every such users should ask himself why he started using Bitcoin at first place.


That's exactly the problem, bitcoin isn't and shouldn't become mainstream. It hasn't been foreseen for a high volume of transactions. There are more altcoins which can become reference and support the "weaknesses" of bitcoin.
You are right people got a lot of high dreams related to bitcoin and they know someday they will achieve their goal with the help of bitcoin. A lot of other coins are also here but the best and profitable currency is bitcoin and no currency or investment is able to defeat bitcoin, now bitcoin is popular for investing and trading it is a source of income and saving for future when people are afraid of being scammed.

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December 15, 2017, 05:27:07 PM
 #34

Not discourage but disappointed and impatient with the result of the slow transaction and the high fees.  We could just hope that this will improve.  There are a lot of incoming exchanges and hopefully they will improve or resolve this concerns.

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January 04, 2018, 05:51:42 AM
 #35

Bitcoin is a good technology and its digital currency that helps people make transactions easily.and it is highly valuable a high price.I am not discouraged to use bitcoin. bitcoin has an opportunity and alternative source of income and it makes people do transactions easily and internationally so it is not a good thing to be discouraged.

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January 04, 2018, 05:57:05 AM
 #36

yes, I agree with what you say. many people complain about the expensive fee's. but if there is another solution, then it can make BTC users happy
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January 04, 2018, 06:41:42 AM
 #37

Truly. It's very discouraging  to see such a high fee that too for such a long time. Even Segwit also was not able to solve the problem. Most of the bitcoin users still don't know about how to use Segwit for transactions.Even if we use the Segwit address, the receiver also has to use Segwit address. Otherwise it's useless. Even many companies are discussing to stop accepting bitcoin payments.The last hope is lightning network.

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January 04, 2018, 06:45:22 AM
 #38

I am not think so.also I am not agree this.its encourage us increase investment.
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January 04, 2018, 06:49:55 AM
 #39

Not at all because I am seeing great potential when it comes to Bitcoin and the whole cryptocurrency. Although I miss the days when there was still an option of 0 fees whenever I send funds to other wallets. Hope they can do something about this problem.
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January 04, 2018, 10:31:36 AM
 #40

this is business so of course when bitcoin price increase they will also increase the fees and they would grab the opportunity to gain more profit. the problem is those that own small amount of bitcoin because it will kill them step by step.
In business everyone want to earn and gain money more and more so when the price will increase then the fee will also be increase but it is not a serious matter to be discouraged. How man can be discourage when he getting/earning a lot from bitcoin business I think he will encourage with huge earning.

Personally I am so glad, encourage and much confident with business because I am seeing bitcoin the most dominant and popular currency in future.
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