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Author Topic: Bitcoin is useless so why high price?  (Read 4588 times)
LuckyMan21
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June 19, 2018, 06:30:04 PM
 #361

Bitcoin is the first and most famous crypto currency. This is the basis of its price, even if it is useless. Bitcoin is called digital gold
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coinic
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June 19, 2018, 06:37:39 PM
 #362

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.
Yes, this currency was mold to promote as a payment transaction which uses as digital money, for me it is very useful in buying products or goods by our country because some of them are now accepting the uses of bitcoin has. It is already spread in the world to use as a single currency and they are slowly diminishing fiat money now.  

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June 19, 2018, 09:22:11 PM
 #363

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.
Not only that the trust that bitcoin has garnered over the years is something that cannot be overstated because even if bitcoin is a new technology it is also a currency and the most important aspect of a currency is how much trust people have in it, without trust a coin has no value, this is why there are some altcoins that are very good but that have low prices since the community do not trust in them yet.


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hyadumadha
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June 19, 2018, 09:27:01 PM
 #364

If you read the whitepaper back in the 2008 properly, you will not pop up this question. Only bitcoin that provide mass people a free to use transaction system, its offer you a peer to peer cash system, decentralized and transparency. Its different from all altcoin that they want our money to fund their project. But, speaking about transaction fee thats the weakness of this cryptocurrency, because mining is like the blood of this system, they make this system available to use.
Coinnosaurus
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June 19, 2018, 10:12:06 PM
 #365

Bitcoin is a powerful brand. Even uttering its name – or that of its underlying technology, blockchain – can be enough to revive tired companies and send stock prices soaring.
blockchainmarketus
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June 19, 2018, 10:17:44 PM
 #366

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.
What the high transaction fee you have. You should not use the lightning network. if you use lightning network the fee is small. Do you keep BTC in your exchanger? If yes, the network fee is charged by the exchanger not by the bitcoin blockchain. YOu can still send btc as low as 0.0001 with your wallet . The fee is about 0.00002 . I think it is low transaction fee.
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June 19, 2018, 10:18:03 PM
 #367

bitcoin is the best coin on the market. and I do not agree that it is useless. he's world-famous.
kwabeedat
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June 19, 2018, 10:25:24 PM
 #368

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.
Well the fact that it has the above qualities doesn't mean Bitcoin is useless, and by the way people continue to respect and give Bitcoin the due diligence because it controls all the other coins. In fact Bitcoin controls the crypto market and so we cannot do waway with BTC.
jvper
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June 19, 2018, 10:30:50 PM
 #369

It is ridiculous to create a question based on a false assumption, a false claim in this case. Why did you decide to create this topic anyway? Only to generate confusion?
blue08
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June 19, 2018, 11:08:59 PM
 #370

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. It just happen that the transaction fee is so high with slow confirmation. Just wait till the new mode launch and bitcoin will be faster again with low fees.

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jsrenthourse
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June 19, 2018, 11:26:48 PM
 #371

I do not think bitcoin is useless. Bitcoin's price is so high because of the high cost of bitcoin, the price of BTC from scratch to the highest equivalent of an ounce of gold, though speculative and bubble-forming, but the price Long-term fluctuations around the value of the underlying source of bitcoin price is the value of bitcoin. Price and usefulness are two different things. Bitcoin is useful as a good tool of investment or a good asset. But its use as a currency is almost negligible
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June 19, 2018, 11:26:54 PM
 #372

Bitcoin is great because it has worldwide recognition which is good for crypto in general. If you go on the street and ask people if they invested in ripple or ethereum, they would have no idea what you are talking about. Bitcoin has its purpose and as a digital currency, its very easy to send and received btc from anywhere int he world. Its becoming popular right now. Also, its the demand that determine the bitcoin prices
bosimpson54
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June 19, 2018, 11:27:02 PM
 #373

Bitcoin is very useful to those who knows exactly what the system is all about.It changes or shall we say improve the living of many bitcoiners. When there will be no proper environment where we can use bitcoin, we cannot call it useless. First we need to design a complete system so that we can use bitcoin more effectively. I think bitcoin has a system, technology, and skill that is quite reliable, which is not owned by any other coin
otis.nolan
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June 20, 2018, 04:44:19 PM
 #374

If you wan't to buy any coin, and i mean any coin, which coin are going to trade for it? Well what about the percentage of people who are going to do the same thing? I'm not going to risk any number but i would bet it would be quit
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June 20, 2018, 04:53:45 PM
 #375

The reason why it seems BTC or any other crytocurrency looked like useless is the way the users and investors use it. Cryptocurrencies concept is supposed to be a digital currency to be used to buy necessities but instead what we have is a digital asset that  bug time investors control. The only way to change this is the mass adaptation to use crypto in daily transaction with the approval of first world countries.

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June 21, 2018, 12:04:30 AM
 #376

Bitcoin isn't useless. You can but a lot of altcoins using it (most of them are trading only with BTC pairs).
It's bacisly $USD for altcoin trading/investing.

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June 21, 2018, 10:27:46 AM
 #377

Seriously? Useless? How can you say that, bitcoin have a high price value in cryptocurrency even its unpredictable most of people use it
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June 21, 2018, 12:31:09 PM
 #378

I think Bitcoin is having a massive problem with the average transaction fee of 0.001 BTC / transaction. Also confirm time is very long, causing discomfort as well as anxiety for everyone. I think in future Ethereum will easily replace this weakness with Blockchain 2.0 technology.
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June 21, 2018, 12:33:40 PM
 #379

The transaction fee of Bitcoin cannot make it useless, do not forget that it has the highest market cap because all the other coins are related to the bitcoin index.
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June 21, 2018, 12:44:55 PM
 #380

Yeaah Bitcoin fees are really high, but I It is useless only now. I believe Bitcoin will be actively utilized as a major international currency.
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