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Author Topic: Bitcoin is useless so why high price?  (Read 4588 times)
active706
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May 30, 2018, 10:56:09 AM
 #321

Bitcoin has its advantages and disadvantages, but you can't say that it's useless. It's first crypto currency, and yes, it's not perfect, but it's a gold - crypto gold. About high commissions - I don't know which exchanger are you using that from £130 of Bitcoin network fee is £28. Basically commission is around 4-5$, now it's around 1$
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May 30, 2018, 11:00:04 AM
 #322

I think this is just because Bitcoin was the first cryptocurrency, and it has a name that everyone knows. But it has big problems with the speed like Ethereum. Someone should change the game very soon

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May 30, 2018, 11:07:19 AM
 #323

if you think bitcoin is worthless off .. why would you hold it, in there many people look at bitcoin as a valuable asset let alone with the prediction that bitcoin will rise every year ,, many are investing in bitcoin and expecting profit ..
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May 30, 2018, 11:09:41 AM
 #324

There is some reassessment of the cost of bitcoin. But while the bulk of buyers are satisfied, the price will not fall.

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May 30, 2018, 11:09:58 AM
 #325

The transaction cost of bitcoin is really high, especially when you do small transactions. However, I do not think bitcoin is worthless, because the price of bitcoin will become higher and higher as the basis of all coins.
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May 30, 2018, 11:10:48 AM
 #326

What's better than a useless coin? A popular useless coin. So that is bitcoin. Maybe you don't like it but this is how it works.
Manc89
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May 30, 2018, 11:14:41 AM
 #327

The issue is already been solve. Besides bitcoin doesn't need to be very fast if Bitcoin will be a stored of value. It is still cheap and fast compared to banks if you are going to send a large amount of money specially offshore transaction.
Yes its true if compare with offshore transfer but if local transfer then bitcoin transfer is very slow.
This problem will not appear if bitcoin is just for store of value or inveatment aince we will not send bitcoin to any other people very often. It does not the problem.
LesterD
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May 30, 2018, 11:16:02 AM
 #328

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 is not useless, and if bitcoin is really useless, why are you here? bitcoin is the reason why there are some site like this, altcoins was created because of the idea of bitcoin. without bitcoin any other cryptocurrency will never been created like they use to right now.
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June 01, 2018, 05:14:29 AM
 #329

I'm insanely happy when the prices are really high for bitcoin, but why they are such I never understood and I think I will never understand Smiley
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June 01, 2018, 07:56:03 AM
 #330

I think it's because they saw Bitcoin's gains last year are staggering. Everyone wants to buy Bitcoin and wait for the advent of the bull market. They all think Bitcoin is a valuable cryptocurrency!

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June 02, 2018, 03:13:30 AM
 #331

I don’t agree with you about bitcoin is useless but it’s fee is very high that’s true. Bitcoin is the most popular and first coin in cryptoworld. And it’s promising for investment.
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June 02, 2018, 10:31:02 AM
 #332

This is useless temporarily. If someone enters a good payment system, then bitcoin can be paid as usual money. And of course everybody wants to be rich. Smiley
Levious
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June 02, 2018, 10:49:07 AM
 #333

Wow, your logic is really great! Bitcoin is useless? Slow transaction? So I want to ask you what is the use of gold? Can you eat it? Can you fight hunger? Why Bitcoin is so valuable? Do you know now?

Sexteh
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June 10, 2018, 01:18:31 AM
 #334

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.
It's not useless, it's widely used digital currency. It's been used in transaction on payments online and other establishments uses it.
shapegray
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June 10, 2018, 01:47:00 AM
 #335

I don't think that BTC are useless. Many payment are used with Bitcoin on deepweb if you want to know. And deepweb are 90% on the internet. Bitcoin keep all transaction anonymous and beside that, Bitcoin already trusted and safe. I think in the future Bitcoin transaction will be more faster and the fee maybe can became cheaper.
Awan Awan
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June 10, 2018, 01:51:21 AM
 #336

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.

The price is not because its useful or not. Useless for you but not only you who use bitcoin in this world. Its price is backed up by people around the world who believed it to be a great investment opportunity though its system have become harsh for small time users.
thenameisjay
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June 10, 2018, 02:17:48 AM
 #337

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.

It is because it has been the first cryptocurrency ever to make it this big. Imagine an invisible money that has a lot of value but is not backed by gold reserves. People will pay for it. Since it was the first, people will have a hard time finding a successor worthy of its replacement.

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KingOfWinterfell01
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June 10, 2018, 03:07:26 AM
 #338

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.

Since it was the first ever cryptocurrency that breaks insane records in history, people up until now still seeks investments on bitcoins even if they're outdated now. They still carry that 5 digit value and yet maintain an outdated design. This is a similar case for watches.

goku1525
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June 10, 2018, 03:17:26 AM
 #339

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.

Since it was the first ever cryptocurrency that breaks insane records in history, people up until now still seeks investments on bitcoins even if they're outdated now. They still carry that 5 digit value and yet maintain an outdated design. This is a similar case for watches.
Eventhough bitcoin not accepted by governments law so some persons says it's useless but atleast it gives opportunities for individuals in the online site which it can get good moneys by participating bounties and involving investment.We want high price because the money you invest the higher returned of profits. This digital currency was mold, to replace fiat so I think,its not useless because it is easy to use in terms of transactions.
Et Hereum
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June 10, 2018, 11:37:54 AM
 #340

for me, the mystery is why bitcoin is so expensive. but it seems to me that the price for it is absolutely justified, because we get the final profit and such a high price is very profitable for us in any case
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