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Author Topic: Bitcoin is useless so why high price?  (Read 4588 times)
Blas
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March 25, 2018, 06:35:17 PM
 #221

Bitcoin will be detronized by some altcoin but it will take a couple of years for that to happen. Most people out of crypto who heard about bitcoin do not know any other coin. It takes time another crypto will be introduced to wide public.

Good luck with that! Bitcoin is the most popular coin out there and is the best one as well. The demand for Bitcoin is high and this dictate the price.
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March 25, 2018, 06:36:48 PM
 #222

I agree with people who think bitcoin is a new gold, as there is continuous number of coins to be mined so it is used as a saving measure, don't say it is useless.

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April 17, 2018, 06:44:08 PM
Last edit: May 16, 2018, 08:00:38 AM by Hazaki
 #223

Bitcoin made a revolution in the modern world since it has appeared and made millionaires out of people who believed in it and had a futuristic enough look at the future .. You're mindless if you really think that bitcoin is useless because you are missing the point of it's creation , which is storing wealth and it wasn't meant to really be "a currency" .. So you really sound too broke to invest or store some of your wealth in bitcoins Cheesy
nahnah
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April 17, 2018, 07:03:08 PM
 #224

Bitcoin is the king of cryptocurrency,
all associated with cryptocurrency must be related to bitcoin,
Indeed bitcoin is very slow and has a high cost but I'm sure bitcoin will still grow and become one of the investments that can provide benefits in the future,
Crypto-capitalist
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April 18, 2018, 03:29:00 AM
 #225

Bitcoin is very slow transaction and fee is rediculus then why people bother buying it or considering it. I have £130 of bitcoin and I want to move it and it is asking for £28 network fee. Why should people bother having it. I can't wait to get rid of it when the fee is low.

Bitcoin fees is really high, but I don't agree that this is useless because I believe in the future of every cryptocurrency and bitcoin is one of them. If you really think bitcoin is nothing then stop holding on it. Bitcoin will be better in 2018 and people who sold it on panic will surely buy back.
But problems not in panic people. Problem in very high fee. Higher than in bank transfer.
Lauff
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April 18, 2018, 03:52:33 AM
 #226

Bitcoin transfer fees are very high. I believe in blockchain technology. Crypto money will be used all over the world in the future. Bitcoin is the world's most popular crypto currency.

I believe that someday will be used in our society as a use for payment. I do not think Bitcoin is useless, as you can see without bitcoin all these upcoming projects are nothing. It may have low transaction and high cost but at present it is a useful currency in the crypto world
MobaAnalog
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April 18, 2018, 04:17:10 AM
 #227

I've been converting it to DOGE to send it between exchanges. 120000sats to withdraw from cryptopia or 3DOGE (180sats).
DevilDevil
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April 18, 2018, 04:17:25 AM
 #228

Bitcoin will be die some day, but what we cannot really know now is that what coin will take place of bitcoin.
cicak88
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April 18, 2018, 04:17:42 AM
 #229

Its high because it has mass adoption and everyone is hearing about it, the media are just talking about bitcoin and every man and his dog is learning of it. A lot see it as a scam/ponzi while the one with more knowledge are seeing it as a way to move money about without problems at the boarders.
bitcoin54321
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April 18, 2018, 04:20:38 AM
Last edit: April 27, 2018, 09:56:54 PM by bitcoin54321
 #230

I don't think bitcoin is useless. If bitcoin is useless, how much more the other tokens? Bitcoin was not useless. Every time a new token will out, what is most demand for investing in ICO, bitcoin right ? You will use bitcoin to exchange for the ICO token.
sjyku
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April 18, 2018, 04:25:30 AM
 #231

Bitcoin is very slow transaction and fee is rediculus then why people bother buying it or considering it. I have £130 of bitcoin and I want to move it and it is asking for £28 network fee. Why should people bother having it. I can't wait to get rid of it when the fee is low.
I think this is a big issue for Bitcoin. In order to protect the benefits of the absenteeism, this is the decision of the Bitcoin team. They can choose to expand their block capacity and reduce transfer fees like bitcoin cash. But the Bitcoin team did not do this.
Carina.P
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April 18, 2018, 09:23:08 AM
 #232

Bitcoin is very slow transaction and fee is rediculus then why people bother buying it or considering it. I have £130 of bitcoin and I want to move it and it is asking for £28 network fee. Why should people bother having it. I can't wait to get rid of it when the fee is low.
I think this is a big issue for Bitcoin. In order to protect the benefits of the absenteeism, this is the decision of the Bitcoin team. They can choose to expand their block capacity and reduce transfer fees like bitcoin cash. But the Bitcoin team did not do this.
There's no way, but it doesn't mean that bitcoin is useless, and anonymity is its biggest feature. No one can ignore it.
yannick225
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April 18, 2018, 09:40:19 AM
 #233

Bitcoin is not useless
 
What other coin besides eth can you freely convert to fiat?
What other coin can you actually use to purchase real life services and products?
What other coin has a proven history of success and still continues to grow?
 
And the last one, what other coin is the entire crypto market value based on?
 
While bitcoin doesn't scale well, your own personal problem is that you have so very little of it.
If you are serious about trading crypto, you can't just have a couple hundreds pounds invested and expect to get anywhere.
 
buofnx9818
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April 23, 2018, 01:41:22 PM
 #234

Let them sell cheap as long as they consider it's a smart move. No words could help, only money loss will.
Diablesfunis
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April 23, 2018, 01:48:03 PM
 #235

Because it is the most famous crypto and the front face of crypto to the world. People may not know about cryptocurrency and blockchain but they know about bitcoin because that's all the media has been reporting. Bitcoin is useless as a currency but it still has the function as a digital asset, similar as gold and the fact that the number is fixed makes it even better. It's a simple supply and demand theory, with more demand of course the price will increase.

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Yourlover
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April 23, 2018, 06:32:51 PM
 #236

Bitcoin is very slow transaction and fee is rediculus then why people bother buying it or considering it. I have £130 of bitcoin and I want to move it and it is asking for £28 network fee. Why should people bother having it. I can't wait to get rid of it when the fee is low.
Sir the weakness of someone or something doesn't define useless! You should understand that because even you has a weakness and so everybody has, bitcoin is created by someone who has weakness meaning not perfect so expected already but over all, bitcoin is doing good.

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aehsj
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May 10, 2018, 07:23:55 AM
 #237

Bitcoin is the first type of distributed virtual currency. The entire network consists of users and there is no central bank. Decentralization is the guarantee of bitcoin security and freedom. Bitcoin can be managed on any computer with Internet access. No matter where you are, anyone can dig, buy, sell or collect Bitcoin. Its payment and trading are very advantageous. How can it be useless?
trry98
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May 10, 2018, 07:29:47 AM
 #238

When everyone enters the bitcoin economy in a way that they are good at, there will be fewer and fewer leeks, and it will be increasingly difficult to dig pits. Various resources will flow to more mature and efficient applications, investment, and speculation. The Bitcoin economy will take off. At this time, more and more people can earn Bitcoin, save Bitcoin, spend Bitcoin, bitcoin ecology is gradually complete, Bitcoin's legal currency price is not so important.
jiaybh
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May 10, 2018, 07:31:46 AM
 #239

Bitcoin is a blockchain 1.0, and now all cryptocurrencies have evolved from Bitcoin. It has a certain significance. The position of the boss is hard to change.
NeverSop
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May 10, 2018, 07:35:06 AM
 #240

Bitcoins are only useless for those who do not really know the bitcoin knowledge. If you are really a bitcoin-savvy, you will find them quite useful and will help you make a big income when entering the cryptocurrency market. Many people know bitcoin berths so the price of bitcoin is higher and they are always highest in the cryptocurrency market.

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