Here is why btc will die as a crypto

[mu_enrico]

XRP has more daily transactions than BTC: https://bitinfocharts.com/comparison/transactions-btc-xrp.html and obviously cheaper.
If the OP idea is correct, BTC must be dead by 2014.
And yet, BTC has substantially more value (higher market cap) than XRP.

Thoughts, OP?

[hahay]

Your writing like that is wrong, fee .7? .7 usually is about 0.7 BTC but what you mean is 0.00007098 and according to that image it is only around $1. Will BTC die with that $1 fee? LOl, even the shipping you made is lower than fee and it doesn't make sense at all if you say BTC will die because you created your own survey and that's wrong too. So, you don't need to say Bitcoin will die, if Bitcoin will die then the price will not reach the highest value besides that, there have been many adoptions made from the technology side even from the payment side and that does not only apply to Bitcoin, at least other cryptos have the opportunity continues to grow.

[Axelseseclevz]

Bitcoin will not die just because of slow transaction processing. Maybe you just put a very lower transaction fee and you just You should learn why bitcoin was created and how long it was in crypto space until now that the value are still too high and the adoption is keep on growing.

[uneng]

That is still an issue in crypto currency in general, not only bitcoin, but I don't think it's going to die for this reason. I know people want to transact small amounts and pay a reasonable fee for that and they aren't wrong. If we say bitcoin isn't supposed to be used this way we are already excluding a lot of potential adopters that won't use bitcoin because it doesn't attend their necessities.
As new scalability solutions are discussed and implemented it's very possible small transactions can be made paying low fees, bringing a lot of new users to crypto currency, however it may take some time to happen yet.

[Kasabus]

Bitcoin will not die just because of slow transaction processing. Maybe you just put a very lower transaction fee and you just You should learn why bitcoin was created and how long it was in crypto space until now that the value are still too high and the adoption is keep on growing.

The life of bitcoin is not just based on how fast and how expensive its transaction fees. For sure the developers of bitcoin are already working on it. The fact that bitcoin is a decentralized virtual currency, is already favorable for its users knowing they will remain anonymous unlike the traditional fiat where their real identities should be reveal. And having its high value at the present gives a positive impact on bitcoin not just as an investment but also as a global currency in the future.

[Zanab247]

I think, it will hard for bitcoin to die like crypto which is still reducing in the exchange market. Many investors where thinking that bitcoin will dump during the pandemic which bitcoin were still rising in the market, that is causing other cryptocurrencies to reduce in the market. Since bitcoin is still rising,that is making some investors to join bitcoin to invest, for them to make a good profit from their Investment.
With this stage we are now, show that bitcoin cannot die like crypto which is still reducing in the market, that is making their customers to join other cryptocurrencies to invest.

[CarnagexD]

Big downside of bitcoin's sucess? Yes truly. But a reason why bitcoin will die? Not so much. Everyone who took the time to research about bitcoin is well aware that it is not meant to make cheap and lightning fast transactions, it is mainly meant to be a boundless gateway for people to send money back and forth, for a price of course. Now that shoukd clear things up.

[Yatsan]

The higher or increasing fees upon doing transactions have become a normal part of getting into Bitcoin and that is not already pretty new for many of us in here. But that reasoning will not certainly cause for the Bitcoin to die just because of higher fees intended to do the transaction. Way back then, the price or amount of fee per transaction is certainly cheap and the processing is seamlessly fast to be approved but as time goes by as many people are doing transactions with Bitcoin, the system gets congested and the fees gets higher that certainly have started years ago.

That is still an issue in crypto currency in general, not only bitcoin, but I don't think it's going to die for this reason. I know people want to transact small amounts and pay a reasonable fee for that and they aren't wrong. If we say bitcoin isn't supposed to be used this way we are already excluding a lot of potential adopters that won't use bitcoin because it doesn't attend their necessities.
As new scalability solutions are discussed and implemented it's very possible small transactions can be made paying low fees, bringing a lot of new users to crypto currency, however it may take some time to happen yet.

Indeed. The issue is not just certain and specific for Bitcoin alone because other cryptocurrency are also having the same thing. It is just that transacting with Bitcoin becomes more expensive and slow due to numerous transactions being held and process making the transaction fee higher and slow because of congestion. But on the other aspects, Bitcoin is still good obviously because a lot of people are still getting into it specially at this time.

[n0ne]

Transaction delay is quite often experienced with bitcoin. Bitcoiners have used to it. If bitcoin is supposed to die for this reason, now it could've happened several times in this eleven years of time. Whenever there is strong deposit and withdrawal of bitcoin, the network gets congestion and the same reflects on the delay of transaction confirmation even when high fee is provided. These issues are part of the network which gets resolved with time on updation.

[LogitechMouse]

Probably that is the reason why you got negged at the first place. You are spreading some shitty things and FUDS here .

Right now, Bitcoin is near the ATH already but the transaction fees are obviously lower than where it is last 2017. You might persuade some newbie investors out here or those newbie in the space but not for us .

[7788bitcoin]

Right now, Bitcoin is near the ATH already but the transaction fees are obviously lower than where it is last 2017. You might persuade some newbie investors out here or those newbie in the space but not for us .

Anyone making a transaction with bitcoin very well knows what the minimum transaction charges should be and it keeps on changing every time you make a transaction depending upon the number of transactions pending at any given point. The problem for me is that there are plenty of users who complain about bitcoin but i feel that they never used them before making their mind  .
The price is moving around the ATH valuation and the fees are considerably low and you can even send a transaction for as low as 100 satoshi and get the confirmation in a day or two depending upon the mempool depth.

[Genemind]

Crypto is evolving as time goes by and I believe we are still in the early phase of adaptation and development. Crypto as a whole has a huge room for improvement and as time goes by more and more ideas are being added and develop. Most BTC is aware of the scalability of the fee depending on the amount of traffic and the current price.

[Mauser]

Here is why btc will die as a crypto



.7028 btc fee to send .2191 btc

Why are you sending such small amounts in the first place? The fees of bitcoins go up with the value of bitcoins of course. I would recommend you to use other coins for sending small amounts of money. If you send bigger amounts the fees is going to be relative small in percentages. Also fees for sending money between 1-2$ seems normal for most banks these days.

[FanEagle]

Everyone basically says the same thing, this was a wrong move to begin with, this is such a small amount that you should have used doge or tron to send it in the first place, crypto is not a place where all coins fight each other, it is a place all coins help each other and complement each other and if you fail to see that you will obviously not really see the benefits of crypto.

Aside from that, bitcoin was never intended to be a way to move money around, it was intended as a way to get your money out of regular fiat world, and we did that, we are in crypto and that is enough, whatever you do afterwards is an extra thing. And I am 100% sure even satoshi didn't expected this much attention towards bitcoin could ever be reached neither, so we weren't ready just yet, with Lightning network and all that, we will definitely get lower.

[Febo]

Here is why btc will die as a crypto

Scaling cant be reason for Bitcoin to die. Why? Because if it cant scale over as it is now then will still have as much transactions as today. Since today is not dead so will not be 10 years from now. But. I am sure Bitcoin will have much more transactions 10 years from now as there are right now.  Will it have all transactions in existence as some Bitcoin maximalists predict. No not at all.

[Kakmakr]

Well, different strokes for different okes.... right.

There are several different reasons why people are chosing to use Bitcoin over Fiat (traditional) payment methods. Let's take "chargebacks" as an example... if you are a online merchant... "chargebacks" are a problem ....with Bitcoin the transactions are irreversible.  

Also... most people prefer to use Bitcoin, because they do not want their credit card details being "stolen" or "hacked" ... when the database on the insecure websites gets hacked. (Or if you want to make a payment for something secretive..naughty undies for your wife or girlfriend)

So.. no it will not die... and your fees are way too high.    

[Chrystora123]

snip..

source: https://finance.yahoo.com/news/194-million-moved-using-bitcoin-223521877.html

this is old news and today it won't be that different.  you feel Bitcoin fees are very high because your transaction number is low but if your transaction is high then you will be very grateful because Bitcoin is present in this world..

[CryptoLogo]

Speed is good, but not as important as you can see it. If the most important thing in Bitcoin was the speed and cost of transactions, it would have died a long time ago.
Bitcoin is more than just a currency that is passed on to each other. Bitcoin is freedom, it is an opportunity to go beyond the usual things, beyond the usual monetary corridors and obligations. Beyond depreciated national currencies.

[shield132]

If you think the reason why bitcoin exist is to make fast and cheap transactions, you don't understand what cryptocurrency is about.

Bitcoin is not about sending money fast or cheap, but about sending it freely: Immutability, censorship-resistance, and permissionless.

All "fast" blockchains are just centralized and slower than visa. If you don't care about decentralization and just want to make fast transfers, you should use Visa.

Edit:
I just checked the mempool, it is completely empty. You should have used 1 sat/byte and paid less than 0.01 usd.
Next time, check the mempool before sending
You can do it here

I have often read and heard arguments from people saying that one of the greatest advantage of bitcoin is that it's cheap or with almost non-existant fees compared to credit card transactions. High fees were the reason of why we had bitcoin cash fork (which is N5 on coinmarketcup right now) and that's the reason why we implemented lighting network and we all know how terrible it was especially back in 2017 that caused all of these. I would say that majority of people choose crypto over traditional payment methods because of low fees too.
If we want the massive usage of crypto, at first it should meet the demand. Bitcoin will not die and there are tons of reasons, a lot of businesses are built on btc services, etc but it doesn't mean that the door is closed for another altcoins and bitcoin won't get under the shadow.

Bitcoin isn't that decentralized at all if you mean that it's the life-giving source. Bitcoin is just a business right now because of shady businessmen who want money from everything. It lost decentralization, privacy (easier to track compared to old times), transaction confirmation speed, transaction fees... We have high price because halving had it's effect on it and people focused their hopes on it when they saw that fiat was published like book paper. Future will give us the better imagination. I amn't against bitcoin, no, you can't imagine how I love it because it had huge impact on my life and career, it radically changed everything for very positive but...

[yhiaali3]

This is an obvious fallacy, the process is basically unreasonable, who is going to pay 7000 satoshi to send 2100 satoshi, what can you do basically with 2100 satoshi, when you want to send bitcoin the amount has to be rather good, that's similar to when you want to send  1$ about Via Visa Card and pay 5$ fee !! Can you say that the dollar will die or Visa Card will die because of that? !! These things are illogical !!!
In any case, when the amount of Bitcoin is low, there are other solutions such as the Bitcoin Lightning Network, for example, where the fees are almost zero and the transaction is very fast. Plus this is a temporary problem and it quickly disappears and fees are low.