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Author Topic: Bitcoin is useless so why high price?  (Read 4588 times)
Fadhil Pahlawadi
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September 24, 2018, 03:32:43 AM
 #741


everyone who joined in this bitcoin forum on the target everyone wants it to have a high cost and there are some people who want other people at low cost, even though we are here struggling to achieve results or a conducive fee without rediculus hassles
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September 24, 2018, 03:46:16 AM
 #742

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 don't know why there are many people say that 'bitcoin is useless', 'bitcoin is nonsense',... because of the low transaction speed, high fee. Most of them are newbie who do not know how to change transaction fee, don't know why it is slow.

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September 24, 2018, 03:59:58 AM
 #743

That's a ridiculous amount of transaction fee for bitcoin, I'm sending my bitcoins in different wallet addresses but I don't pay with that same fee as yours. When the bitcoin fee is high, I exchange it first in other coins with lower transaction fees.
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September 24, 2018, 04:06:54 AM
 #744

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 very slow transaction , high fee but it's not useless. It is paired with most altcoins in exchanges.
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September 24, 2018, 04:21:59 AM
 #745

Humans have evolved to hate change, it's nothing new that people dont like an internet currency, but the truth is, the world is becoming digital, and currency needs to make that transition, it is happening and it will be succesful. There are too many Intelligent investors for it not to happen. Sure people are abusing the market now, but wait until it gets regulated, that's is when the big boys are coming in.

The real issue is, everyone buys bitcoin hoping to make money, the smart money will go into the Altcoins with real value. Stay away from bitcoin, it is obsolete and will die sooner or later. Dont stick with it because you hate change.

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September 24, 2018, 04:31:18 AM
 #746

I think bitcoin is not useless, because bitcoin is already very much used in real terms, such as large companies that start to combine their products with bitcoin, but the price of bitcoin is always volatile, and that is the problem of bitcoin
Bitcoin is not useless. If you wanted to purchase an item online and the seller only accepted Bitcoin then that is worth getting.
[/quote
    Yes, indeed, I am irritated by the high transaction on bitcoins. But still there are solutions to this cause. There are many projects. Why not create such a project to reduce the transaction bitkoyn. This can be done. It will be convenient for everyone to take out cue balloons. It's just that people do not want this or that.

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September 24, 2018, 04:31:53 AM
 #747

I think that is a false statement, this bitcoin has very many functions and uses, many people can use bitcoin to be used as a solution for transactions over long distances and very fast, sending money from other countries to other countries that are very fast and not too difficult for you and does not require expensive shipping costs.

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September 24, 2018, 04:52:00 AM
 #748

I don't agree with your point in anyway by calling btc useless which show how you don't understand how it's works , the high fees is solely because of high rate of transaction then which makes so many transaction be in mempool and if you don't forget that miner can only mine in every 10min and that brought about selecting the high rate fee transaction to go first and the less fee transaction remain for hours with no miner picking it that is what brought about the hike in fee then and am sure you are cool now with the fee level which is very low compare to when you wrote this post, we are improving on daily basis as one issue surface then another solution comes, with out bugs technology can't move high so there must be bugs to improve the quality of the technology.
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September 24, 2018, 04:53:08 AM
 #749

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 don't know why there are many people say that 'bitcoin is useless', 'bitcoin is nonsense',... because of the low transaction speed, high fee. Most of them are newbie who do not know how to change transaction fee, don't know why it is slow.
This is why they need a lot of education. I can say the majority of them are lack of knowledge about what the bitcoin is. In fact that so many of them are only creating FUD to the bitcoin or even try to create a troll thread about bitcoin. Bitcoin is the one who dominated the crypto market and how they must feel doubt about that?

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September 24, 2018, 04:53:47 AM
 #750

Crypto conversion center rounds still place the volume of bitcoin in the first place, bitcoin is not a working product that has physical goods, but a currency that has the largest volume. High prices prove that bitcoin is very useful for transactional, and it is very important to stay focused on supply and demand.

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September 24, 2018, 04:54:53 AM
 #751

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 2018 now and bitcoin is still in the dominance and becoming a store of value rather than a currency. I do hope you did not sell your bitcoin but if you did, you still have a chance to buy back.

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September 24, 2018, 04:57:42 AM
 #752

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 bitcoin is not at all useless, to call it that way is unreasonable knowing bitcoin is expensive and the top cryptocurrency. It is definitely not useless and worthless as you portrayed it to be. If it is indeed useless then why investors pour so much investment to bitcoin despite of the transaction fees?
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September 24, 2018, 05:48:44 PM
 #753

Are you still thinking that bitcoin is useless? Or maybe you have changed your idea now?
Bitcoin is not useless, friend.  It is very useful exactly. Maybe you said that thing because you don't understand bitcoin well yet. You can get much profit from this thing, but it will happen if you're doing this seriously.

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September 24, 2018, 05:51:27 PM
 #754

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 seems to you that the transaction is very expensive? In my opinion, the West Union takes the minimum amount for transferring money to the other end of the world at a rate of 1%, which is much more than 28 pounds sterling from the transfer of 130 bitcoins.
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September 25, 2018, 03:05:37 AM
 #755

I do not agree with you that bitcoin is useless, it has a lot of advantages in relation to all other coins. Yes, bitcoin is not the cheapest and fastest in terms of transactions, but now it is used as a valuable storage!
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September 25, 2018, 08:27:57 AM
 #756

I think bitcoin high price is because it was first coin and it had blockchain technology, and of course because bitcoin is limited edition, only 16 million of them in the world.
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September 25, 2018, 08:38:47 AM
 #757

And I do not understand why Bitcoin is considered useless. This is one of the first crypto currency. Which has popularity and demand. And as more capitalization, the harder it is to collapse the currency in the market.
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September 25, 2018, 08:44:38 AM
 #758

bitcoin still have its charm. while you do million dollar business, transact in btc is still cheaper compare to fiat. especially when you don't want others to know things about you.
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September 25, 2018, 08:51:17 AM
 #759

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 don't know where you had bought your BTC but the fee for moving 28 GBP is ridiculous (too high). But, this is not a problem of bitcoin, it's a problem of intermediary you are using.

Actually, bitcoin has a value only until people believe that it could cost higher in the future or that they could easily convert it to any currency in the future.
And this is normal. Look at any fiat money they are not backed by anything  - only believe.
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September 27, 2018, 09:27:29 PM
 #760

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.

As far as I understand the BTC technology is constantly developing which will make the network cheaper and faster. I've read Lightning network has already spread widely in some months, so we may see cheaper and faster transactions soon!
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