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Author Topic: Bitcoin is useless so why high price?  (Read 4588 times)
zeke29
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January 24, 2018, 01:34:57 AM
 #61

Besides in being the first cryptocurrency.

correct me if I'm wrong, I think bitcoin is the only way or the most known way to cash out your profit from other coins. (as of now)

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9tails
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January 24, 2018, 01:37:52 AM
 #62

Bitcoin is the father of crypto currency. Bitcoin high price because of high demand.
KingScorpio
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January 24, 2018, 01:39:29 AM
 #63

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 unobtainable by the banksters, and outside of their controll, it was originally also much cheaper to transfer values over long distances

even if bitcoin price collapses, thefact that it helped loosen the banksters grip wont be forgotten. satoshi had to be anonymous because of this.

regards

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January 24, 2018, 01:39:36 AM
 #64

Bitcoin has value because of the size of its network, same reason Facebook has value.
Lightning network will solve the problem of slow speed and high fees.

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January 24, 2018, 01:47:48 AM
 #65

How can bitcoin be useless? He began the birth of cryptocurrency in general, so he will always be popular, especially since the common people have finally learned about him. The popularity grows, accordingly and price
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January 24, 2018, 01:50:58 AM
 #66

It's the most established coin and the one that everyone has heard about. Due to the "Coinbase" effect, basically anyone can easily get bitcoin within a day, whereas with other coins you have to buy bitcoin first, then go to another exchange, which might be beyond most people's technical skills who are just buying it using apps and stuff. It's entirely speculation, but we all knew that anyways.
Coin12
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January 24, 2018, 01:54:22 AM
 #67

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 considering to use as trading pair of cryptocurrency but not use it for sending because its high fee.
Bitcoin now can not be used for currency and only for store of value. Bitcoin is still popular because the price remain higher.

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January 24, 2018, 01:56:32 AM
 #68

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 rightnow is very high value, it is dominating the market for many years and the fee the exchanges charge us is getting higher due to slow transactions, so in order to minimize the fee for transactions we shouldn't transfer with too little money because the fee will be enormous for each transactions, we have to accept the fee because bitcoin is very valueable and too profitable now despite how much they slow or high fee.

Acguy
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January 24, 2018, 01:58:13 AM
 #69

That's because a lot of people are using bitcoin and causing the network to be congested and a bidding system comes to play for who gets confirmed faster.

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January 24, 2018, 02:00:36 AM
 #70

It is not useless, maybe just outdated, even outdated phone is not useless, think that way. And being the father or the first cryptocurrency, it can't be ignored.
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January 24, 2018, 06:23:24 AM
 #71

Well, I agree with you. But what I think he meant was Bitcoin is useless as a mode of payment which I couldn't agree more.
if it is like this. That's really useless payment method. If you need to pay, I still choose to use banknotes and the like. After all, the value of bitcoin is not as simple as payment.
Sureness
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January 24, 2018, 06:26:21 AM
 #72

Well, I agree with you. But what I think he meant was Bitcoin is useless as a mode of payment which I couldn't agree more.
if it is like this. That's really useless payment method. If you need to pay, I still choose to use banknotes and the like. After all, the value of bit pin is not as simple as payment.

Bitcoin fee is really getting high. But I don't agree that bitcoin is useless because it very helpful for us. Not just me who is a newbie in this forum but to all people who's using it.
R21
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January 24, 2018, 06:35:41 AM
 #73

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.
Yes bitcoin network fee is so much high, it's a panic for small investors, large amount or low amount transactions fee is same! I think it's impolitic system made by btc authority. I wish btc authority do advance step within some of time about this critical condition.
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January 24, 2018, 06:39:28 AM
 #74

Only demand in this market making price.
Community trust to the bitcoin, and btc never did not fail

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January 24, 2018, 06:40:19 AM
 #75

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.
Yes bitcoin network fee is so much high, it's a panic for small investors, large amount or low amount transactions fee is same! I think it's impolitic system made by btc authority. I wish btc authority do advance step within some of time about this critical condition.
I think the bitcoin cost can not be flat and always go up in some time and be in some market. this causes little difficulty for small investors. so I think even though bitcoin has its flaws but bitcoin is still one of the great coins in cryptocurrency to always be traded.
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January 24, 2018, 06:40:50 AM
 #76

The value like always has been in peoples trust. And with major coverage brings in people who would not otherwise invest or just may not understand what bitcoin is about. I think there will be a continuing correction on bitcoin unless things like exchange costs get to a sane amount.
itf991
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January 24, 2018, 06:41:00 AM
 #77

Like being said before BTC the father of all cryptocurrencies therefore it is the most valuable asset out there and this won't change. Transaction fees and network speed are ridiculous of course what makes bitcoin to go for segwit2x to solve these issues before it's too late. Ethereum is facing the same problems were we have to pay an expensive tx fee during ICO periods. As far as I'm aware GoNetwork supposed to solve this issue by implementing an offline chain.

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January 24, 2018, 06:41:09 AM
 #78

People believe in its value and potential. Bitcoin is the first cryptocurrency, the father of all cryptocurrencies now, and its price can essentially affect the price of all cryptocurrencies, which is more important than other cryptocurrencies. Although its technology is useless now, but it has a great investment value, it is worth to wait.
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January 24, 2018, 07:04:15 AM
 #79

I think the cost of bitcoin can not be flat because it always goes up over time leading to difficulties for small investors. I would like the competent bitcoin to advance in time for this important condition. And bitcoin is still one of the big currencies in cryptocurrency to always be traded.
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January 24, 2018, 07:10:28 AM
 #80

Why is bitcoin useless?
Bitcoin has become a convenient way to transfer assets between countries, and bitcoin, like gold has its value. It's not useless.

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