Bitcoin will never be used for trading. Discuss.

[marcbitcoins]

Bitcoin will never be used for trading. Why?

- Extremely slow transactions
- High fees
- Inability to solve these issues due to lack of consensus, poor governance, and a generally toxic relationship between investors and the technology

Now I could be wrong, and I would gladly accept that I am wrong if someone could give me clear, coherent, and rational reason for utilizing bitcoin as a actual cryptocurrency and not a cryptocommodity.

Disclaimer: I have nothing against Bitcoin. I just don't think it's future is bright anymore as way better technology is coming into fruition.

Bitcoin is already a traditionally used for trading in which all altcoins benefits to it. No matter how slow the transaction and how expensive the flat charge of every transaction still we need to trade our altcoins to bitcoin to earn fiat. If you have joined the crypto world and you don't want bitcoin to be use on trading then maybe you have other alternative ways to earn fiat in which the need for you to explain to us here because for me bitcoin is widely trusted and accepted already in all exchanges for trading.

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[StarKay]

Without Bitcoin in an exchange, I am not sure you or anyone will want to use such exchange. Bitcoin is generally accepted as the standard of trading in cryptocurrencies market. Bitcoin will be relevant in trading one way or the other.

[sagor0707]

Who is the father of crytocuerency's ?
Its Bitcoin.....
How do you say trading without  Bitcoin!
 Yes it is just that the recent unrest has reached the extreme stage. All controls must speed up bitcoin Tx , reduce fees. But this is also true people will be trading through Bitcoin.

[Ryanpogi]

do not believe, because there are so many users today. it's easier to have money with that. Do not believe it. That's just stress and showy. thanks ..

[The Sceptical Chymist]

What do you mean by "trading"?

That was my general question here.  I don't think any of the drawbacks that OP listed (and they are, in my mind, absolutely, 100% valid black marks against bitcoin) really have an effect on traders--those people engaging in speculation on bitcoin's price.  The legitimate exchanges kind of make it pretty easy to trade with no delays, confirmation issues, or problems with transaction fees.

However, if OP were to name this thread "Bitcoin will never be used for commerce. Discuss.", THEN he would be on to something, and I'd argue that when the network gets congested, and when miners' fees shoot through the roof, it makes bitcoin very unattractive as a currency and fiat usually will suit your purposes just fine.  And because those problems seem to keep cropping up periodically, I'd say that bitcoin isn't going to catch on as a currency--that is, a means to buy goods & services.  No one in their right mind is going to choose a form of money where you have to spend $45 in order to buy something worth $200 (which was the case a couple months ago).  Nor would someone choose to use a currency where you have to wait for the network to confirm the transaction, and which could make you wait days...it would be total lunacy.

But then there's the dark market.  And gambling.  My take is that bitcoin will thrive in those areas, just like it's thriving now.  And none of this means bitcoin is on the brink of death, because it's still very, very much in demand and is used by so many people even with all of its drawbacks.

[Altcoins enthusiast]

Op open this thread when we were having transactions fees problem but now that we are having low fees and the problem of unconfirmed transactions is resolved I think we can used bitcoin for trading. The major problem that I think bitcoin has now is volatility and once bitcoin price can be stable we would have many retailers and wholesalers using it for transactions.

[Budugbass]

do not believe, because there are so many users today. it's easier to have money with that. Do not believe it. That's just stress and showy. thanks ..

Yeah and however the ability of each person is certainly different to respond / face all things like trading on bitcoin which in fact it can indeed giving profit.
The point is that it depends on the skill of examining the price, and it seems that's just a sense of explosive doubt.

[lantan81383628]

Bitcoin will never be used for trading. Why?

- Extremely slow transactions
- High fees
- Inability to solve these issues due to lack of consensus, poor governance, and a generally toxic relationship between investors and the technology

Now I could be wrong, and I would gladly accept that I am wrong if someone could give me clear, coherent, and rational reason for utilizing bitcoin as a actual cryptocurrency and not a cryptocommodity.

Disclaimer: I have nothing against Bitcoin. I just don't think it's future is bright anymore as way better technology is coming into fruition.

Bitcoin is now being converted into the base currency of other cryptocurrencies on major trading platforms.

Bitcoin transfers are expensive and slow, and more people will choose ETH. More often BTC is considered an investment product.

Bitcoin is the king of all cryptocurrencies, and if bitcoin has no future, then the whole encryption will be dark.

[Fredomago]

Bitcoin will never be used for trading. Why?

- Extremely slow transactions
- High fees
- Inability to solve these issues due to lack of consensus, poor governance, and a generally toxic relationship between investors and the technology

Now I could be wrong, and I would gladly accept that I am wrong if someone could give me clear, coherent, and rational reason for utilizing bitcoin as a actual cryptocurrency and not a cryptocommodity.

Disclaimer: I have nothing against Bitcoin. I just don't think it's future is bright anymore as way better technology is coming into fruition.

Bitcoin is now being converted into the base currency of other cryptocurrencies on major trading platforms.

Bitcoin transfers are expensive and slow, and more people will choose ETH. More often BTC is considered an investment product.

Bitcoin is the king of all cryptocurrencies, and if bitcoin has no future, then the whole encryption will be dark.

If there's another technology at will co exist with bitcoin and much better to this chain,then your statement can be correct, but with what you said
that it's  can't be used for trading, that's not true, altcoin trading already exist and there's also some stocks that already cater bitcoin as one of
their payments transaction, so the main point that it won't be used for trading in not real and it will be recognize by more exchange in this coming
years.

[pissyas]

Bitcoin will never be used for trading. Why?

- Extremely slow transactions
- High fees
- Inability to solve these issues due to lack of consensus, poor governance, and a generally toxic relationship between investors and the technology

Now I could be wrong, and I would gladly accept that I am wrong if someone could give me clear, coherent, and rational reason for utilizing bitcoin as a actual cryptocurrency and not a cryptocommodity.

Disclaimer: I have nothing against Bitcoin. I just don't think it's future is bright anymore as way better technology is coming into fruition.

Make sure you can see the potential and tremendous growth that bitcoin brings to the community and society. We can do a lot of things if we own a bitcoin, you can buy a house, buy a car, buy food or pay for living ... With the popularity and very convenient application of bitocin, I Think that bitcoin can be used commercially or commercially.

[aaacourt]

Bitcoin will never be used for trading. Why?

- Extremely slow transactions
- High fees
- Inability to solve these issues due to lack of consensus, poor governance, and a generally toxic relationship between investors and the technology

Now I could be wrong, and I would gladly accept that I am wrong if someone could give me clear, coherent, and rational reason for utilizing bitcoin as a actual cryptocurrency and not a cryptocommodity.

Disclaimer: I have nothing against Bitcoin. I just don't think it's future is bright anymore as way better technology is coming into fruition.

If by trading you mean as a payment system, lightning network will reduce both fees and transaction times. There is alot of innovation in regards to BTC right now.
If by trading you mean like Forex trading, once price fluctuations stabilise, this will be a thing.
If by trading you mean used a a base currency to trade alts - this is a thing.

[usekevin]

I don't accept your point. Transaction of bitcoin may be take 30-40 minutes. Since it's money matter ,it need  some time to make some confirmation. Just think, you are buying bitcoin with money.So it need to confirmation. Don't you wait 30 minutes for the safety of your money

[jostorres]

do not believe, because there are so many users today. it's easier to have money with that. Do not believe it. That's just stress and showy. thanks ..

Yeah and however the ability of each person is certainly different to respond / face all things like trading on bitcoin which in fact it can indeed giving profit.
The point is that it depends on the skill of examining the price, and it seems that's just a sense of explosive doubt.

There is nothing like that bitcoin cannot be used for the sake of trading. The only issue is that bitcoin is not the most optimal choice for the sake of day trading as it is the best coin only when you are planning of long term investment of money by holding bitcoin for longer period. still, there are doing trade using bitcoins and are also making good money.

[Koro-Sensei]

Lol keep dreaming it is one of the basis why crypto was created and you just said "will never be used"? I guess you are still a newbie. Most of the exchanges usually use btc as a primary crypto but you can also trade with eth without having worries about the unstable price of btc.