Bitcoin is useless so why high price?

[Bit-Tech]

always have it in mind that bitcoin is the father of other coin without bitcoin other coin will not exist so the trust people have in bitcoin is so much high compare to other coins.

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[sarul]

Yes, bitcoin is useless for making transaction because the confirmation is so slow and expensive in fee. Even though, bitcoin is useful for online shopping because there are many online stores that accept it.

[Maya56674]

Since bitcoin has such a high price, it shows that bitcoin is not useless, the biggest effect is investment value, and many people who invest early in bitcoin have achieved wealth freedom.

[kettyhanna78]

The bitcoins are not useless because there are lots of earnings that you can get from it. as a matter of fact through the increasing demand they received there are a huge price for their services.

[phapluan825694]

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.

[lengocanh2998]

Bitcoin is not useless. In my country some merchant are accepting it has a means of payment for goods and service so it worth it value and I see it going higher  this year

[flymnb]

The value of goods is determined by their characteristics. Just like all countries' currencies, the state admits that their value is reflected.

[Umar001bakry]

Certainly was not in vain, bitkoin remains a good investment. for everyday use you know and transaction costs slow but still, bitcoin father cryptocurrency.

[commander11]

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 you have made this statement, whom do you compare. If you compare bitcoin to remittance, then bitcoin have lower fees. But if you compare bitcoin to new alternative cryptocurency, bitcoin has a higher fee but that doesn't mean bitcoin is useless because bitcoin so far in cryptocurrency is the most secured type of transferring store of value P2P.

Newbies always badmouth about bitcoin when in fact they don't know what's the essence of this store of value. If you understand the thue meaning of decentralization and security, you won't badmouth bitcoin for sure.

[Ali Akbar Torang]

sooner or latter it will get cut by second popular cryptocurrencies, and more than that the fact is bitcoin are not owned by a persons, or some company that why it is still valuable, people are trust bitcoin.

[Tetep Mesem]

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.

indeed by using Bitcoin with its ever-increasing development will be very capable of bringing its own advantages and making its development so increased with us using it. especially for investments that are very influential on its development and make it a very reliable coin with a fairly expensive price.

[kaylinmaxx]

The reason is that bitcoin is the first crypto money in the world and the total bitcoin supply is very small. And i think bitcoin not useless. Yes, the transaction speed is unfortunately slow compared to the new coins, but it is not very accurate to only evaluate the bitcoin from the speed of the transaction.

[ngoanhh21]

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

[baghodler123]

Cmon man, this forum called "bitcointalk", and you are saying that BTC is useless. How are you planning to buy alts w/o BTC?

[Silberman]

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

He can say that because he does not know what he is talking about the OP wanted to sell his bitcoin in the moment when the network was congested since everyone wanted to move their bitcoin to sell it or to trade it, now the network does not have those problems and the fees are very low once again, he just tries to criticize bitcoin like many people do without any real knowledge about how things work here.

[krishnaverma]

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.

[overseer470]

Bitcoin has its advantages and disadvantages, but you can't say that it's useless. It's first crypto currency, and yes, it's not perfect, but it's a gold - crypto gold. About high commissions - I don't know which exchanger are you using that from £130 of Bitcoin network fee is £28. Basically commission is around 4-5$, now it's around 1$

[banhmicohaiz88]

Bitcoin is not useless. Merchants in many places abroad accept bitcoin and they accept Bitcoin as their transaction currency! In the blockchain, people accept Bitcoin as an exchange for any token currency!

[dollurs]

I'm having the same question in my mind. If the purpose of the crypto is to reduce the transaction cost then is there any point of paying much higher transaction fees even more than when we use fiat currency ?. So what is the real usage of BTC ?.

[fiubit]

To my mind BTC’s price is like a snowball. In each cycle of development the price of BTC becomes higher and higher, that’s way  the level of price is so serious.