Bitcoin is useless so why high price?

[hollymoolly]

It's first cryptocurrency, and many people only heard about bitcoin. Then buy it and the price grow. And so in a circle.

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[startorr]

Bitcoin is the first to be created and because of its success altcoins emerge. and the main reason for altcoins to emerge was to improve Bitcoin’s flaws and to somewhat, try to compete with bitcoin by innovating and developing new features as to improve and surpass bitcoin limitations. So without bitcoin altcoins could be nothing.

[greydking]

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.

[cryptoicicle]

Bitcoin is at a cross roads- it can either upgrade itself to face down the 2nd generation cryptocurrencies, or go the way of Betamax and gradually deflate in value over time.

[Aristus]

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.

If this things bothers you too I think you should not be in crypto currency or why not send your bitcoin to me. I will be happy to tell you why I love bitcoin to have it with me and bumyahe this I think you can easily understand why majority in the crypto community long to have bitcoin than having an altcoins or participate in an ICO.

[SaoAccel]

Bitcoin is not useless in fact, it's very useful for both investment and other transactions. Bitcoin can be used in anonymous secured transactions and the thing that makes bitcoin a valuable coin is that it only have a limited supply that means no more new bitcoins will be created in the future.

[LickKing]

I think Bitcoin is useless. The slow transaction volume should be a bubble sequelae. Bitcoin released the biggest bubble in March 2018. Bitcoin will become more expensive in the next two years!

[ToddDiaz]

I think it is the fact that all of a sudden at the same time, everyone wanted to be a bitcoin investor. First, it was the whales that started pumping the price of bitcoin but once people start looking at that prices go up, they didn't want to miss out on it so they started to invest in it. Just like that the prices rose

[Silberman]

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

There is no doubt that at this stage in the game a great deal of the value of bitcoin derives from its utility to buy other coins but in the next years as the utility of bitcoin as a currency increases then this is going to change and bitcoin will become once a gain a currency and when that happens its value will go up significantly once again.

[richaerich]

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.

how can you say bitcoin is useless? bitcoin is very useful, not only for an investment, but it can also use for a payment method too, there are a lot of people getting helped with cryptos, especially from bitcoin as the mother of all altcoins

[reijusama2583]

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 although the fee for the bitcoin was not too acceptable but bitcoin was very useful to everyone. Especially in online marketing that we did not know it is very useful because it serves as their currency in buying a certain thing in addition because of bitcoin many people has been changed their life many get rich and overcome the poverty that they are suffering so how can we say that bitcoin is useless instead bitcoin helps a lot of people to overcome the current struggles that they have.

[regtrade]

Bitcoin really have high fee but it isn't not slow. So much transactions on bitcoin network. Anything with bitcoin transactions is slow too. Bitcoin is not useless bro. 

[hoasn12xc88]

Because Bitcoin's network is congested, all cryptocurrencies are made to make other cryptocurrencies valuable. If Bitcoin doesn't have these shortcomings, I don't think there will be Ethereum.

[tuannguyenn110]

Bitcoins are only useless for those who do not really know the bitcoin knowledge. If you are really a bitcoin-savvy, you will find them quite useful and will help you make a big income when entering the cryptocurrency market

[kookidun]

Because it is the most famous crypto and the front face of crypto to the world. People may not know about cryptocurrency and blockchain but they know about bitcoin because that's all the media has been reporting. Bitcoin is useless as a currency but it still has the function as a digital asset, similar as gold and the fact that the number is fixed makes it even better. It's a simple supply and demand theory, with more demand of course the price will increase.

[Wingo]

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.

You need to know that the use of bitcoin as a medium of exchange is already gone. Today, it is more of a store of value, a material for long term investment as its price is increasing cumulatively ever year.

If you do want to move or use you coins for a number of transactions, try converting it to LTC or other coins which have a lower transaction fee, and most importantly, have a faster network/transaction confirmation compared to bitcoin today.

[Coingram]

Dont think its useless actually... May be you dont know how to use your 130 pounds of the btc, you can simply trade and if you want to withdraw or transfer your funds to cash, btc is not the right currency....

[Surge_Dev]

You can develop the services associated with bitcoin. For example, a network of ATMs can be very lucrative in the future, from which it will be possible to withdraw money directly, and not through exchangers or a service that will allow you to replenish your mobile account using bitcoins or pay a fine for improper parking.

[1l1l11ll1l]

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.

You need to know that the use of bitcoin as a medium of exchange is already gone. Today, it is more of a store of value, a material for long term investment as its price is increasing cumulatively ever year.

If you do want to move or use you coins for a number of transactions, try converting it to LTC or other coins which have a lower transaction fee, and most importantly, have a faster network/transaction confirmation compared to bitcoin today.

sometimes some people do not understand this, and they only know bitcoin, but there are some alts that provide a faster network and they are free to choose

[farhan12048]

Yes fees is quite high but if you want to double your investment you have to wait for few months because BTC is the plateform which grows more then any other currency in the world