Bitcoin can't be used for transactions?

[Asusnumbaone]

From what I've read, Bitcoin now charges high transaction fee and long transaction wait time so it can't presently be used:

a) for a conversion from Bitcoin to cash?
or b) purchases using Bitcoin?

butcoin cannot be used onnther because of the bitcoin are investors and many more years ago when will I be used for complex and it was a lot of customer service that is the knowledge about trading of gold and equipment legitimately the best key and many more to come in this cryptocurrency is high and it

[ninabobo]

The current circumstance with the exchange charges is stressing to crypto fans that do exchanges including little assets. The trades specifically are not improving the situation, merchants are paying around 0.001 BTC, which is around $50 for a solitary exchange. Obviously, sending a limited quantity would not bode well by any means.

[SaShiRaJaVu]

The current circumstance with the exchange charges is stressing to crypto fans that do exchanges including little assets. The trades specifically are not improving the situation, merchants are paying around 0.001 BTC, which is around $50 for a solitary exchange. Obviously, sending a limited quantity would not bode well by any means.

If you are dealing with small amounts then it is better to not withdraw the coins from exchanges as the transaction charges are really high in almost all of the exchanges and some have not even reduced the charges and i am surprised that they are still getting customers. You need to boycott exchanges who are charging high transaction fees.

[MCobian]

I can understand if many say that Bitcoin cannot be used for transactions nowadays. Because the burden of fees that must be borne is
quite large, especially for making transactions in small amounts it is not recommended to use Bitcoin. Therefore some altcoins that have
transaction fees that are much cheaper than Bitcoin are good choices for now. I chose to use TRX or DOGE which have very cheap transaction
fees and also a fast process. Therefore, I always convert the Bitcoin that I have first if I want to send funds from one exchange to another.

[Yatsan]

With the value that Bitcoin have that still improves through time, can you even imagine the possibilities dealing on transaction with a high rising coin that means high transaction will also make happen. Just look on what happened to Ethereum wherein as the price rises, the transaction fees in terms of gas to complete the process have been expensive along with the rise of the value. The same concept is being applied if you will think of it Bitcoin to be used in transaction methods. Other existing cryptocurrencies are much better options when it comes to practicality since compared to Bitcoin they possess smaller value that can be affordable for people.

[Leviathan.007]

Depending on your transaction amount and the the situation of the transaction bitcoin can be useful for your transaction. Currently, the price rises and falls too much on each day and many people are making emotional decisions, they start panic selling and greed buying this requires faster transaction and surly this will make the network more crowded. That's the reason of the high transaction fees. However, still if you are going to transfer a huge amount of money, bitcoin is useful because you can pay 10 bucks for a 10m dollar transaction.

[Twinkledoe]

Depending on your transaction amount and the the situation of the transaction bitcoin can be useful for your transaction. Currently, the price rises and falls too much on each day and many people are making emotional decisions, they start panic selling and greed buying this requires faster transaction and surly this will make the network more crowded. That's the reason of the high transaction fees. However, still if you are going to transfer a huge amount of money, bitcoin is useful because you can pay 10 bucks for a 10m dollar transaction.

For whales or large investors, the transaction fee is just like dust for them, as compared to transferring their money via cross border payments. But for small traders, of course, you need to check the mempool activity first to see how congested the network will be. Because you will have idea how much you need to put for sat/byte if you are targeting a specific period of time for the transaction. But still, you can convert your bitcoin to cash or use it for payment.

[pinggoki]

From what I've read, Bitcoin now charges high transaction fee and long transaction wait time so it can't presently be used:

a) for a conversion from Bitcoin to cash?
or b) purchases using Bitcoin?

Yes the charges right now when you are transferring bitcoin to other bitcoin address is quite high but it is because of the price of the bitcoin which is $50,000 so it affects the price of the fees when you are doing transaction, when it comes to the transaction time I've encountered so many times that the transaction was really take so long and the reason behind this is because of the many people are having a transaction over the platform and it causes traffic so that's why the transaction takes some time.

[StartupAnalyst]

Well, it's not exactly like that. You can easily exchange BTC on fiat at almost any exchange market and you can easily purchase using BTC on Amazon for instance. But the problem is mostly in traders’ attitude towards huge volatility of BTC. Sometimes in several minutes BTC price changes on several thousands and then 45$ costs a bit different amount of BTC. If you possess a lot of coins and don't bother about this then you can easily purchase but in other case you didn't want to lose your coins and choose to pay with fiat money that is more stable.

[TribalBob]

for now if you withdraw 1 bitcoin directly, you will run into difficulties where the local bank will suspect you if the incoming money is not as usual, so withdraw your bitcoin bit by bit to your local bank

for bitcoin transaction problems in purchases, what are the purchases beforehand
if you want to transact outside of crypto, I personally have never purchased an item with bitcoin,

[bryant.coleman]

Well, it's not exactly like that. You can easily exchange BTC on fiat at almost any exchange market and you can easily purchase using BTC on Amazon for instance. But the problem is mostly in traders’ attitude towards huge volatility of BTC. Sometimes in several minutes BTC price changes on several thousands and then 45$ costs a bit different amount of BTC. If you possess a lot of coins and don't bother about this then you can easily purchase but in other case you didn't want to lose your coins and choose to pay with fiat money that is more stable.

Everything is priced in fiat currency and when the exchange rates change, the amount of coins that you pay may also change. And in most cases, the traders immediately convert their coins to fiat. So the volatility is an issue for the buyers. The sellers/merchants are not much impacted. Also, lot of the merchants use third party processors such as Bitpay and Coinbase to immediately convert their BTC revenues to fiat currency.

[Lizzie_Girl]

I agree with you about using Bitcoin as a payment method. When fees starting matching the amount you are spending then that is just too much to take. I think the bank only charges $0.35 to use the card to pay and to withdraw cash it will cost $0.50. Compared to bitcoin that is peanuts. Etherium used to be the next best thing, though that has just changed recently during the boom and with all the mining. This has made many people turn to other currencies like litecoin or ripple. USDC & USD tether cannot be used since it uses the Etherium network so it won't help much. Transferring tokens become a problem too.

[Smartvirus]

One thing we must know is that, it can't be all rossy with a thing or at a time.
Do you really think that, bitcoin won't come with some disadvantages? I'm so sorry to let you know that it actually does and there isn't anything bad about that. Exchange rates go up and down even with normal fight as you travel between nations for fiat so, why won't bitcoin assume some form of fluctuation in a universal base as it isn't tied to any nation?
If it comes in price change in the market or fees, we just have to deal with it. There are times it becomes more convenient than the other and at such points, we should use it to compensate for others.

[robertjack]

From what I've read, Bitcoin now charges high transaction fee and long transaction wait time so it can't presently be used:

a) for a conversion from Bitcoin to cash?
or b) purchases using Bitcoin?

of course you can, you pay for anything.
only mandatory terms is that the shop owner has been accept the bitcoin transaction.

[angrynerd88]

Bitcoin as it were as contributing and ended up exchanging resources and not any work as exchange cash since my nation not allow space for bitcoin ended up legitimate, I am appreciate in spite of the fact that bitcoin unlawful as installment exchange still provide numerous highlight how bitcoin exceptionally worth and beneficial as venture resources, amid government not prohibited bitcoin and trade showcase I am upbeat and keep holding up for contributing with greater support in bitcoin for my future resources.

[Ridwan Fauzi]

I guess it is not bitcoin only but almost altcoin if they has been increasing a lot let say like bitcoin then the fee for transaction is high as well. Take a look at ETH, most people talk if ETH is a good coin because it has a low fee per transaction, but now when ETH price is already high the fee per transaction is already high as well, most people just use another altcoin.

And most people choose Binance coin as another alternative because its has low fee per transaction using BEP2 network but now it is already high as well. Bitcoin is more is more comfortable to be used as mean of investment place, it can be juxtaposed with gold. Yeah, many people believe that bitcoin is digital gold which is why its price just up and up.