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Author Topic: Bitcoin is useless so why high price?  (Read 4588 times)
Rostock
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July 06, 2018, 01:12:26 PM
 #461

Bitcoin is really quite expensive coin and its transactions are also quite expensive, but still the price per transaction of Bitcoin is gradually reduced. Bitcoin is still trying to upgrade and improve, so I think that Bitcoin is still a good coin.

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July 06, 2018, 01:14:34 PM
 #462

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 , if the transactions are very slow then it only means that there are a lot of people who are using block chain and it will not be problem in the future because technology is growing.
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July 06, 2018, 01:20:22 PM
 #463

Is there any information available based on how high are some network/transaction fees for different online currencies? For me as a beginner all these different bits of information would be really helpful.
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July 06, 2018, 01:25:51 PM
 #464

Bitcoin is really quite expensive coin and its transactions are also quite expensive, but still the price per transaction of Bitcoin is gradually reduced. Bitcoin is still trying to upgrade and improve, so I think that Bitcoin is still a good coin.


And you pay bitcoin in shops? And you use it for payment every day? Bitcoin is digital gold, and I'm sure that you never use gold as USD.
> is still a good coin
Okay-okay... Hamster's logic, BTC is first, BTC is base


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July 06, 2018, 01:47:34 PM
 #465

sooner or latter it will get cut by second popular cryptocurrencies

How much time interval do you expect. Almost 8 years have passed and we do not have any coin even near.

I do agree that ETH has the potential to beat bitcoins but it is still going to take a long time. If we are goign to return wise, there are of course some options that can give higher returns than the former two.
If any coin really wants to surpass bitcoin then it needs to be done fast, bitcoin is not going to wait for much longer if a coin wants to surpass it, it needs to be done fast before the adoption of bitcoin reaches a certain point because if it does then it does not matter if a coin is really better than bitcoin, the popularity of bitcoin will be so big that no coin will ever surpass it.


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Kakady13
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July 06, 2018, 02:05:38 PM
 #466

They are banking on the technology surrounding that investment to catch up.
Technology will catch up to BTC and make it useful.
Just give it time.
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July 06, 2018, 05:59:06 PM
 #467

The Blockchain Technology is still developing and you are going to face such issues while something is still being developed and improved. And Bitcoin is the reason why you are still here and getting the opportunity to invest in Crypto markets, without Bitcoin there had been no other cryptocurrencies.
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July 07, 2018, 08:50:59 AM
 #468

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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July 07, 2018, 11:12:49 AM
 #469

It is a fundamental cryptocurrency and its used more as an investment asset. No wonder it is called “digital gold”
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July 07, 2018, 11:21:57 AM
 #470

Nakamoto said that the concept of bitcoin was originally intended to create a virtual gold. The main purpose is to store it. It is not useless. Its role is in consensus.
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July 07, 2018, 12:26:05 PM
 #471

Simply, he sells himself, demand took the offer. Hypanulu we will tell so a coin, everyone knows about it, everyone wants it and here such embarrassment in this plan turns out, that it is useless, but all is necessary and therefore in the deficit.

jwplayer0
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July 07, 2018, 05:46:43 PM
 #472

I believe that at the moment bitcoin really useless, as there were many competitors with more advanced technology. The reason for the high price is that bitcoin appeared the first of all crypto currency.

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July 07, 2018, 05:59:25 PM
 #473

How can you say bitcoin is useless. Because of bitcoin all the cryptocurrencies are there. This forum would never exist if bitcoin was not invented. People are becoming rich by investing on bitcoin, we are earning tokens by participating in bounties. Obviously bitcoins importance is knows no bounds.
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July 07, 2018, 07:02:31 PM
 #474

I don't see bitcoin to be useless. It is very important as far as online payments are consent. Most payment systems like PayPal restricted people/countries from using it but now everyone at anywhere can make a transaction when they have e bitcoin and most people trust bitcoin as well. The price is high because the demand is high.

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July 07, 2018, 07:08:37 PM
 #475

Do you will forget your father if something bad happen to him? same thing happend to bitcoin because he the father of cryptocurrency no matter how bad he is no matter what he do he still your father. There no another Crypto like ethereum with all his token if bitcoin never created

In my opinion bitcoin it not useless, its just need some adjustment. Maybe now its little bit high charges, but in the future I'm sure they adjust it to meet people demands, when they know that its too high.
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July 07, 2018, 07:08:42 PM
 #476

Bitcoin as a means of accumulation is fantastically convenient. Decentralization, globality and the absence of essence - all together creates a cost to beat.

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July 07, 2018, 07:09:55 PM
 #477

Well, it is not useless, it can be because to say the creators of the entire cryptocurrency , I do not think that he will once go to 2 plan
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July 07, 2018, 07:10:02 PM
 #478

If everything really comes to the fact that now most of the bitcoins will rotate on the bithamp exchange, then we can seriously suffer, it's a very big vulnerability that seriously damages the entire bitcoine ecosystem.
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July 08, 2018, 10:07:06 AM
 #479

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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July 09, 2018, 11:41:28 PM
 #480

People are buying the bitcoin because of the the opportunity in bitcoin, bitcoin is so volatile and it can rise at any moment in time and it can go down at any moment in time so people buys it and hope it will go up so high so that they will make a huge profit return from it.
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