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Author Topic: Bitcoin is useless so why high price?  (Read 4588 times)
Silberman
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June 14, 2018, 09:21:30 PM
 #341

If bitcoin was as useless as the OP is suggesting the price will be very low or bitcoin will have no value at all, but the fact it has a high price shows that people do not think bitcoin is useless, a useful thing to remember is that when your beliefs crash with the evidence given to you by the real world 100% of the time you are the one that is mistaken.


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Bunk67
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June 14, 2018, 09:39:31 PM
 #342

always have it in mind that bitcoin is the father of other coin without bitcoin other coin will not exist so the trust people have in bitcoin is so much high compare to other coins.

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June 14, 2018, 09:43:19 PM
 #343

Maybe in your perception its useless but for some of us that was able to change the life because of Bitcoin and like me who is still using Bitcoin til now because there is a website that we can use where we can buy prepaid load, pay bills monthly using Bitcoin. So it is still useful for us for lots of reason.
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June 14, 2018, 10:06:19 PM
 #344

you just can't say that Its useless, it still become good investment for most of us . Sure it cant be for daily use you know the fees and slow transaction but still, its bitcoin the father of cryptocurrency... it will develop in the future this is just the beginning
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June 14, 2018, 10:13:55 PM
 #345

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.

where did you get your ideas that bitcoin is a useless?yeah there are times that transaction of bitcoin is slow,but its not the reason that the faults are in bitcoin itself,because bitcoin is only a crypto and those transaction with high fees are  come from the trading change and the block chain market,thats why theres some slow in making a transaction because of so billion of people are doing a transaction and block chain have a traffic,thats why theres a miner who help  to make your transaction fast ,so in return you must pay a high transaction fees.

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June 14, 2018, 10:44:40 PM
 #346

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 you are a pessimistic person in a bitcoin development, people like you are someone more thinking about the negative aspects of a situation than the positive aspects. Because people like you, usually very easily emotional, and easily influenced by things that are negative, such as FUD.
Change your mindset and use logic as a resource to deal with various problems that occur, and keep positive thinking. You have to believe, whatever happens to bitcoin everything will get better and whatever happened it all has its own solution
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June 16, 2018, 04:45:27 PM
 #347

I don't agree that bitcoin is useless. Now it is very convenient to use this coin. We can send quick transactions at a low price. I'm fully confident that the technology of blockchain is very useful for many spheres of human life.

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June 16, 2018, 06:08:36 PM
 #348

Funny. It is very ironic for the author to say that bitcoin is useless, when he, in fact is using it for transaction and trading purposes.  Grin

In case the author didn't read the whitepaper, the main purpose of bitcoin is a p2p  or peer to peer transaction by means of block chain technology and is decentralised. Moreover, it is not bitcoin, itself, who makes and generates its own value, it is the market, the investors and the people that uses it. The demand for this coin drives its value up, thus, allowing its holders to earn a good value from it since the value of the coin and its price is completely inversely proportional. A simple law of demand and supply concept.
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June 16, 2018, 06:20:39 PM
 #349

I guess because it is one of the first cryptocurrencies! Moreover many people consider BTC as virtual gold, and they hold a lot of BTC as their assets! Smiley
Russia32
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June 18, 2018, 06:45:42 AM
 #350

Who said bitcoin is worthless? Bitcoin is the king of crypto, and bitcoin is the oldest coin in crypto, of course, bitcoin has a very important role to the crypto. Bitcoin is the biggest investment asset that has the highest price, the largest community, and bitcoin is the coin that is able to generate the greatest profit.
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June 18, 2018, 06:49:49 AM
 #351

Bitcoin is far from the word 'useless' Do you know the volume of daily transaction of bitcoin all around the world! I am not talking of coinmaketcap but real people that use bitcoin to send money to family and friends! International trade is available to large percentage of people because of bitcoin. Bitcoin is very useful!

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Ranillo79
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June 18, 2018, 06:55:38 AM
 #352

Because of bitcoin price is high also even a 0.15% fee is big for every crypto user but dont jump in conclusion thay btc is a useless currency. Through bitcoin we can earn profit, a lot of purpose thats how btc is the center of all online crypto coins. How ould you tell bitcoin is useless while you are here and somehow earning some income. You will find out everything when you got big money with just you called useless currency.

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June 18, 2018, 06:56:16 AM
 #353

Same as you are... you are useless but still you are high. haha! no, im just kidding.

Anyway, bitcoin's price is due to the demand. Lots of people wants to buy it now, there are also moneymakers who are trying to pull the price as hard as they can. But the cap attracts more and more buyers.
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June 18, 2018, 06:59:36 AM
 #354

Yes, it is true that one of the disadvantages of Bitcoin is the high fees and low transaction. Some altcoins have better than this.
However, I don't think so that Bitcoin is useless. In fact, BTC still holds its power as the king of cryptocurrency. This is because it still holds the good concept of blockchain technology and many people have invested in this. This is a worthy investment.
nadbucs
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June 18, 2018, 07:16:36 AM
 #355

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 price is high though transaction is slow and fee is high compare to other altcoins. Due to high demand of bitcoin that is why it is the most expensive coin in cryptocurreny.
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June 18, 2018, 08:37:48 AM
 #356

Commercial hype! First of all, many large-scale investors are crazy about bitcoin speculation, which makes people think it is very valuable and makes people feel that they can make money as long as they buy it. Under such circumstances, many new investors are attracted to it, so its The price continues to rise!
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June 18, 2018, 08:42:05 AM
 #357

segwit developes, blockchain grows, block size increases and you say, that it is useless? bitcoin will punish your for that words in future

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June 18, 2018, 08:53:01 AM
 #358

Bitcoin is not useless. In my country some merchant are accepting it has a means of payment for goods and service so it worth it value and I see it going higher  this year
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June 18, 2018, 09:22:54 AM
 #359

If bitcoin has a high price it signals more and more demand which means more users then bitcoin is useful. Moreover, bitcoin is also a beneficial asset, although not used in everyday life, but by holding bitcoin is quite profitable, especially if you trade. anyway from day to day bitcoin can be used to buy anything, so who says bitcoin is useless?
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June 19, 2018, 06:26:26 PM
 #360

Bitcoin is the creator of the whole scope of crypto currency. If there is no Bitcoin, the sphere will also die. I really believe in Bitcoin reliability.
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