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Author Topic: Bitcoin is useless so why high price?  (Read 4588 times)
Russlenat
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October 11, 2018, 01:40:29 PM
 #781

Bitcoin it is not useless, it happens that it is the first crypto that ever created and now it become the most popular and very expensive crypto, most of the people want to have it even now it is slow transaction and high network fees.

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October 11, 2018, 01:45:33 PM
 #782

Because it's an asset, an investment, it has value just like gold you can't directly purchase items using gold (atleast most of the stores won't accept gold as payment) but you can exchange gold to fiat money and spend it.
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October 11, 2018, 02:05:47 PM
 #783

useless? You are wrong, because Bitcoin is very useful, because if there is no Bitcoin there will be no cryptocurrency, ICO project, Bounty, so I think you are wrong if you say that Bitcoin is useless and why it's high price (expensive), because Bitcoin is a pioneer of cryptocurrency so obviously Bitcoin is very useful and the price is very expensive.

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October 11, 2018, 02:22:48 PM
 #784

Had Bitcoin been useless, its price would not have been so high; technologically, Bitcoin lacks very little to do without all the existing altcoins.

But is it necessary? Bitcoin is not something separate, it is part of the ecosystem. Do you need a cryptocurrency that simply exists? Without any infrastructure?

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October 11, 2018, 04:09:52 PM
 #785

I think this is the wrong statement because I know alot of ways how to use bitcoin. People have options invest or not and this is up only to you
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October 11, 2018, 04:23:21 PM
 #786

The bitcoin will cost 6500 dollars for a long time. Now price very low. It is possible to buy by parts if you still had money

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October 11, 2018, 05:18:47 PM
 #787

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.

Actually bitcoin is not useless as you think. bitcoin has been used as a popular payment currency in the dark world since the early year of btc.
For now, we need to make bitcoin used by everyone in the world as a global currency. But as long as the btc value not stable, it will very hard to become a popular currency in the world.

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October 11, 2018, 05:41:34 PM
 #788

I do not think Bitcoin is useless. This is probably the envy of reviews, who can not afford to buy it. Grin In general, this is the head of the entire cryptocurrency sphere. And I do not see a crypt, without Bitcoin as such.
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October 11, 2018, 07:49:32 PM
 #789

What to say you have a great cryptocurrency portfolio and you can be envied Having so many bitcoins you need to have some patience. Otherwise, there will be no bitcoins left in your carefree future. You need patience my friend patience.
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October 11, 2018, 07:52:37 PM
 #790

send 130 bitcoins ($ 820,000 at today's exchange rate) and pay only 28 pounds. Is that a lot? through the bank, to send such a sum in general is a whole business, and the commission buder is dozens of times more. but if you compare with other coins, it is clear that for a long time there are coins that are in many ways better than Bitcoin. But the market is arranged so that nobody cares better - the main thing is who is first

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October 11, 2018, 07:53:30 PM
 #791

It is very strange to receive such questions, especially when BTC has been around for so long, because today people are mostly just beginning to understand what BTC is and what the blockchain is, probably today such questions arise.
Bitcoin is not useless because the coins can be transferred to another client over the Internet.


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October 11, 2018, 07:55:52 PM
 #792

BTC is the first generation crypto that had a promising technology for the 2010 year. Right now this market evolved in something more interesting. we are now seeing 4th generation of crypto in development. But without BTC it couldnt be happened.

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October 11, 2018, 07:57:20 PM
 #793

Bitcoin is the first ever created crypto currency. Bitcoin is also the most trusted and the most popular coin in the world. Practically BTC is useless but it is more like a symbol of all currencies. I believe that one day, BTC will be replaced by more perspective altcoins.

Many people think that Bitcoin's value is being overestimated because they do not really understand the way in which investors in this market value. Bitcoin is regarded as a storage asset to avoid events occurring in real life such as crises, natural disasters, etc.
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October 11, 2018, 07:59:42 PM
 #794

Bitcoin has a very common name and many people confuse all the crypto with just Bitcoin. Very less people know about the other alcoins
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October 11, 2018, 08:00:50 PM
 #795

BTC is the first generation crypto that had a promising technology for the 2010 year. Right now this market evolved in something more interesting. we are now seeing 4th generation of crypto in development. But without BTC it couldnt be happened.
With the coin being a first generation coin, there is a very small chance of the coin being replaced by anything.
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October 11, 2018, 08:03:08 PM
 #796

why should bitcoin be unless iam paying since more than 2 years my hosting and my domain with it and iam doing Bitcoin lending since more than 4 years now.
so its in real use there are Townsend other ways to use your bitcoins o0



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October 11, 2018, 08:07:13 PM
 #797

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 fees is really high, but I don't agree that this is useless because I believe in the future of every cryptocurrency and bitcoin is one of them. If you really think bitcoin is nothing then stop holding on it. Bitcoin will be better in 2018 and people who sold it on panic will surely buy back.
I dont know when will it be better again, until now it is still as is. Holders believe that it will be better in the future simply because they are hoping to benefit good from their holdings. Sometimes I wonder if those who are saying that bitcoin has a future really believe it has or they are just simply saying it to feel better about it.
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October 11, 2018, 08:16:36 PM
 #798

who said to you that bitcoin is useless? of course it is usefull, but if you ask, what is the difference, there is no too many differences from others, but one thing is important, bitcoin is the first one which is successed, and people trust it. Also you must know that if people start to buy a glass of water for 1000 dolars tomorrow, you can not buy it for 999 dolars till they gave up.

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October 11, 2018, 08:26:22 PM
 #799

BTC is the first generation crypto that had a promising technology for the 2010 year. Right now this market evolved in something more interesting. we are now seeing 4th generation of crypto in development. But without BTC it couldnt be happened.
BTC is a pioneer. Which shows the others which way to go. After all, bitcoin is the most successful currency on the market.
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October 11, 2018, 08:27:31 PM
 #800

actually bitcoin has very good potential to be developed and adopted into many platforms, and its limited total supply makes its value even more unchallenged
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