Questions I have about Bitcoin

[angelvic73]

Increasingly, I see people switching to altcoins. If you had all your money in Fiat right now, what would you invest it in?

[htsy585]

So far, bitcoin is behind in its slow transaction speed and high transaction fees. than Ripple and Tron but these coins are behind regarding Bitcoin's popularity among the investors. there are lots of attempts of these coins to promote themselves to get popularity from the investors but no luck at all. these only indicated that Bitcoin is hard to overcome by those new coins that have both the speed and lower transaction fees. we also have the lightning network technology ongoing development and we are still in its early stage. Right now, all eyes are on BTC price and everyone is not bothered by its slow transaction speed.

You are right, majority of people in cryptospace are just after the profit and certain increases they will add to their investments due to it's nature of going up and down as a result of volatility. To truly achieve the vision of satoshi Nakamoto, a lot of improvement needs to be done across cryptocurrency network and when the various underlying challenges get solved, we would definitely see more adoption and new people making use of cryptocurrency for their daily transactions

[Betwrong]

Increasingly, I see people switching to altcoins. If you had all your money in Fiat right now, what would you invest it in?

Investing in altcoins is an option only for very experienced day traders. If you are not one of them, don't even think of stepping on this risky path. They say, Bitcoin is volatile, but in fact it's pretty stable compared to some alts. Also the probability of it going down to zero, is far less than that for any of alts. Nevertheless, even with BTC, don't invest money that you may need in the near future, lest you end up selling at lower price than you paid for it.

[Leviathan.007]

Is bitcoin really viable as a peer-to-peer electronic cash?

Due to high transaction costs and slow transaction speeds, how can we ever use bitcoin to purchase, for example, a Sprite and a bag of potato chips at a gas station? If I want to send a micropayment, for example, of 1000 sats on-chain I can pretty much forget about it because miners can’t afford to and as a result the transaction hangs out in the memepool indefinitely. I had a lot of hope for lightning network, but I am now starting to have doubts about its long-term success. What happens when someone using lightning wants to settling a microtransaction on the bitcoin blockchain?

Yes it is. Actually, the transaction speed is maybe not high enough because it depends of miners an the technology of the devices they use. Time after time we will see miners using a new technology and this will make transactions much faster than before. Halving will help about this, after each halving, the non-profitable and and old generation of the miners should leave the network or upgrade their devices. Otherwise, they will lose money instead of taking profit. I think the transaction speed will increase time after time and this factor won't be a problem real soon. However, you can pay more transaction fee and make the transaction look like instant-transaction.

[MCobian]

Many people doubt bitcoin to be used as a currency, because transactions using bitcoin are considered slow and expensive. Especially with
volatile bitcoin prices make merchants or shops hesitant to accept payments. Though the perception is not correct, because if we transfer
funds using a bank is longer and more expensive than bitcoin. For the problem of volatile bitcoin prices, can convert to stablecoins every
time you receive a payment. And one more thing don't think of bitcoin as a substitute fiat, because it's wrong thinking. Because bitcoin is
only an alternative payment.