Here is why btc will die as a crypto

[blckhawk]

Here is why btc will die as a crypto


.7028 btc fee to send .2191 btc

Yeah, those fees are insanely high I dunno what's happening but you can minimize it by using another wallet or something specifically those wallet that've been using lightning network because it can transfer faster and cheaper compared to what you've been using. Besides, I don't think high fees will be the reason to kill Bitcoin because there are ways to minimize it. We might not have a solution for this now but as we going there will be a solution for these high fees.

[jaysabi]

Bitcoin isn't really very "alive" as a currency, considering the use case as a currency is negligible compared to its other uses. However, if you want to predict it will die as a crypto you have to answer why it won't survive as a store of value, which is currently the biggest problem with this statement.

[Mauser]

Bitcoin is still above 35,000 USD. Even though volatility is fairly high in over the last few weeks, the price remains strong. If the recent rally was not based on fundamentals the price would have dropped again. I don't think bitcoins are dying any time soon. The number of users and investors is rising every year. I wouldn't bet against it.

[iv4n]

It's the same what we saw with Ethereum, many times...some random guy doesn't pay attention on fees and create a transaction with incredibly high fees! It's something that never happened to me, I paid higher fees a few times, I had to do something at that moment and I paid higher fees to get faster confirmations, it was my choice... and it's fair, if you want something faster you need to pay extra for that!
And isn't this a situation where you can blame wallet? With wallets I use you can't make that kind of stupid mistakes and pay extra fees that are much higher than transaction! So don't blame the coin, blame your choice of wallet!

[iamsheikhadil]

Well, just because fees are high doesn't mean that the currency is going to die! Plus, the fee in your pic is 0.07..mBtc and not BTC. It's around $1 (at time of your pic) so there's nothing to worry about. The benefits that Bitcoin and crypto provide far outweighs the small fee we pay for transactions.

[FlightyPouch]

Well, just because fees are high doesn't mean that the currency is going to die! Plus, the fee in your pic is 0.07..mBtc and not BTC. It's around $1 (at time of your pic) so there's nothing to worry about. The benefits that Bitcoin and crypto provide far outweighs the small fee we pay for transactions.

This problem with the transaction fees still is the problem of the past but here in our country, we don't have a problem with it since we are usually using the same bitcoin wallet/exchange which gives us free transaction fees and their transaction speed is almost instantaneous. I agree that it will not die just because of the fees, we all know it will never die.

[skarais]

I'm sure the OP has never been forced to use bitcoin if transaction fees were an issue for him.
I am sure some users are very concerned about transaction fees and I also believe others only care about the convenience, privacy and convenience of transacting. Decentralization has helped many people to manage their money without always having to rely on a bad banking system. Developers are constantly thinking about how bitcoin can be used by users for even small transaction. LN is an option for them and I believe that in the future there will be a better solution.

Fees will not render bitcoin useless and die without being used by anyone. If you are worried about fees, then altcoins are the solution if you still want to live in the crypto space.

[jaysabi]

I'm sure the OP has never been forced to use bitcoin if transaction fees were an issue for him.
I am sure some users are very concerned about transaction fees and I also believe others only care about the convenience, privacy and convenience of transacting. Decentralization has helped many people to manage their money without always having to rely on a bad banking system. Developers are constantly thinking about how bitcoin can be used by users for even small transaction. LN is an option for them and I believe that in the future there will be a better solution.

Fees will not render bitcoin useless and die without being used by anyone. If you are worried about fees, then altcoins are the solution if you still want to live in the crypto space.

Bitcoin isn't a viable currency. It's slow, it's expensive, it's extremely limited in the amount of transactions it can handle, it doesn't hold a stable value... all things that are horrible attributes if you actually want to use it as a currency.  It's use-case is as a long term store of value or cross border transfers that are immediately converted to the local fiat.  I have my doubts it can overcome the limitations preventing it from being a viable currency.

[Deddyhoku]

BTC will never duy because its a brand. Iphone is not the best phone but the most popular. Same with btc

[Mauser]

BTC will never duy because its a brand. Iphone is not the best phone but the most popular. Same with btc

That's a good approach to think about bitcoins. For most people when they talk about crypto currencies they actually mean bitcoins. It's number one coin in the world and seems impossible to die at the moment. There might be better coins but in the next few years bitcoin will remain number one.

[redsun114]

Bitcoin isn't a viable currency. It's slow, it's expensive, it's extremely limited in the amount of transactions it can handle, it doesn't hold a stable value... all things that are horrible attributes if you actually want to use it as a currency.  It's use-case is as a long term store of value or cross border transfers that are immediately converted to the local fiat.  I have my doubts it can overcome the limitations preventing it from being a viable currency.

It is a viable currency in the sense that the logic behind it is definitely a viable currency, sure it could be used as an asset right now but it doesn't mean that we can't change it. For example we moved from the old version into segwit few years ago and made it very cheap, it was going towards 20-30 dollars per transaction and with segwit move we turned it into 2-3 dollars overnight. That shows you that bitcoin could be not that great right now but does have a potential to change as well depending on what people want.

The most famous thing right now is LN and that means we could maybe move to that and make bitcoin faster and cheaper once again, nobody can argue against it, it hasn't happened yet but at least we know what the potential for bitcoin is and what we could do with it. That is why I think it might be not ideal right now but has that potential.

[Dutchyyy]

...
.7028 btc fee to send .2191 btc

Now imagine that you have to pay ".7028 BTC fee to send 2222.2191 BTC". Then you will not complain, right?

Fees are high now, nobody denies it. But Bitcoin is not to send $10. If you want to spend $10, use Tron, USDN, USDT/TRC-20, or one of the many faster and cheaper chains.

[Noctis Connor]

Bitcoin is still above 35,000 USD. Even though volatility is fairly high in over the last few weeks, the price remains strong. If the recent rally was not based on fundamentals the price would have dropped again. I don't think bitcoins are dying any time soon. The number of users and investors is rising every year. I wouldn't bet against it.

It's true even though people say that no one will use bitcoin there are still anonymous investors who keep investing his liquidate asset into coin, people might get confuse when say bitcoin will "die soon" why? it's because lot of people are into ponzi scheme that their mind are still believing that they can easily double their money with in month but no money is returning until they got scammed that's why many of the people are not believing in bitcoin and saying bitcoin is dying though, As we can see believers in bitcoin yes, bitcoin is in that price of 35-46k dollars and making it into the top price yet the price is that strong as long with the fee's but is all up to the people when they want to wait for the transaction to be received or to be priority if we're talking about fundamentals too well bitcoin is too volatile even if drops it will rises again. and bitcoin will be still bitcoin and people are keep showing some interest in it.

[peter0425]

Here is why btc will die as a crypto



.7028 btc fee to send .2191 btc

if you are entering or using Bitcoin because you wanted the transaction as Lightning speed , then Use Lightning network ..     

But seriously Bitcoin was not created to give you a speed transaction , but it is the privacy that this offers , this is the Financial freedom that people is seeking and not the paying easy and fast option.

[pinggoki]

Bitcoin did not made just because of the speed on sending bitcoin to another address but because it is made for the permission less in which you don't need to have any problem on sending high amount of money just like going to bank and etc, the use of this is because you can make big transaction without any problem or waiting but there is also an fee whenever you are making a transaction, but it is good enough to use than waiting for so long right? This is why bitcoin made the resistance and security is already here.

[doomloop]

Bitcoin isn't really very "alive" as a currency, considering the use case as a currency is negligible compared to its other uses. However, if you want to predict it will die as a crypto you have to answer why it won't survive as a store of value, which is currently the biggest problem with this statement.

I don't see why people are so concerned with the transaction fees because altcoins were made for that problem and one who wishes to send small amounts and wants faster confirmation can always do transactions in altcoins and for those who are transacting big amounts and don't care about a few bucks on the fees for those payments will always prefer bitcoins.

Bitcoin will never die because no matter how many new and better coins arrive in the market, there is a certain identity for bitcoins and that came from being the first ever cryptocurrency. There were rumors that bitcoin will die when last year April price dropped but now the same haters are regretting they missed the chance to buy that time.

[Twentyonepaylots]

Bitcoin is not made to make cheap and fast transactions, you silly. Though of course as more and more people use it, it is, inevitable that people will try to use bitcoin in this manner. Nonetheless, I am hopeful that in the future, something could be done about this because it is going to rely hurt bitcoin's reputation among the newcomers and may scare them away from using it.

Bitcoin did not made just because of the speed on sending bitcoin to another address but because it is made for the permission less in which you don't need to have any problem on sending high amount of money just like going to bank and etc, the use of this is because you can make big transaction without any problem or waiting but there is also an fee whenever you are making a transaction, but it is good enough to use than waiting for so long right? This is why bitcoin made the resistance and security is already here.

Exactly, but of course, there will be instances where remittance of high amounts of money will be needed where bitcoin may play a huge role. But if it is kept this way, that may not happen at all.

[DrBeer]

Here is why btc will die as a crypto
.7028 btc fee to send .2191 btc

A rare exception to the rule. ANomalia, nothing more. I can give you the reasons for the "death of the banking system" delays in transactions as well as problems with depositing with online payments. Could it be better to discuss the SYSTEM problem of objectively expensive transactions in the "technologically perfect" Etherium? Provided that a systemic solution to the problem is not yet visible ...

[AndySt]

Bitcoin isn't really very "alive" as a currency, considering the use case as a currency is negligible compared to its other uses. However, if you want to predict it will die as a crypto you have to answer why it won't survive as a store of value, which is currently the biggest problem with this statement.

I don't see why people are so concerned with the transaction fees because altcoins were made for that problem and one who wishes to send small amounts and wants faster confirmation can always do transactions in altcoins and for those who are transacting big amounts and don't care about a few bucks on the fees for those payments will always prefer bitcoins.
Bitcoin will never die because no matter how many new and better coins arrive in the market, there is a certain identity for bitcoins and that came from being the first ever cryptocurrency. There were rumors that bitcoin will die when last year April price dropped but now the same haters are regretting they missed the chance to buy that time.

There are such expressions as "never say never" and "there is nothing eternal in the sublunar world" Bitcoin's status as the first and most popular cryptocurrency will undoubtedly contribute to maintaining the status quo in the coming years. Also, all legislative acts and all kinds of regulations of financial regulators are also made with an eye on bitcoin, but this state of affairs will not necessarily continue permanently and other cryptocurrencies may come to the fore. But of course, talking about the death of bitcoin is not worth it and it will continue in the coming years, even if a little bit not in the quality as intended. It will be possible to return to this later, when bitcoin and cryptocurrencies are more accepted by society

[carlisle1]

Here is why btc will die as a crypto



.7028 btc fee to send .2191 btc

remember that you can set your fee , and Bitcoin is not created for fast transactions but for safety and for privacy , it may not total anonymous but you have a option not to reveal your personality.
I don't know why People in majority Blaming Bitcoin for large fees when it is their fault choosing the highest option.
though some place don't have option like Binance and some exchange when they put fix value in fee but try not to use them again  and look for those you have to choose if High or Low fee and much better if you can make your own transaction fee.