Why would people want to invest in 'Bitcoin'?

[deine mudder]

- ninjamine by small group without much public -> very bad distribution
- huge satoshi wallet hanging like black cloud over the market
- 10 minute blocktimes - slowest transactions in crypto!
- high inflation
- no fast difficulty retarget
- market infested with shortsellers and heavy manipulated
- hype died off, promises broken (no exponential hype growth)
- expensive transactionfees
- shitty brand, shitty logo
- already very expensive but unable to hold its value (less potential gains compared to smaller caps, a lot downside)
- extra volatile thanks to all the dumpfest from miners and the manipulation
- more and more centralised
- a foundation nobody wants
- whoring for big money and loosing its original ethical values rapidly
- dev befriending three letter agencies
- no real innovation, only innovative in the field of holding down competition
- completely hype-driven
- bad reputation from early history (drugs, guns, childporn, darkweb ...)
- inefficient with lots hashpower
- huge blockchain uses a lot of HD
- average cost for 1 transaction today: 8.20$ and expected to rise (INSANE!!!)
source:
https://blockchain.info/charts/cost-per-transaction


So why again would i put my money on 'Bitcoin' instead of a more advanced and modern crypto?
Fanboys? Any idea?

[R2D221]

- no real innovation

I'm concerned with this one. Why do you say Bitcoin has no real innovation? What existed before Bitcoin that worked similar to it? With the blockchain and everything.

[elephantas1]

- average cost for 1 transaction today: 8.20$ and expected to rise (INSANE!!!)

uhmm wasnt it falling all the time? at least thats what i see from your posted link

[Madness]

Bitcoin is original and all the other cryptoos are simply cheap useless copies .
Most of what you just said isnt true at all , btw . What high gtransaction fees are we talking about here ? And usd is used on illegal things more then bitcoin   but noone says anything,do they?

[deine mudder]

- no real innovation

I'm concerned with this one. Why do you say Bitcoin has no real innovation? What existed before Bitcoin that worked similar to it? With the blockchain and everything.

A blockchain have other cryptos too. 2010 is half a decade ago. A blockchain isn't a 'innovation' in 2015

Gavincoin-fork  and sidechains is no real innovation, just an attempt to fight off competition from alts. So "innovation" in Bitcoin is pseudo-innovation only to keep #1 spot. The real innovation happens in alts.

Bitcoin is original and all the other cryptoos are simply cheap useless copies .
Most of what you just said isnt true at all , btw . What high gtransaction fees are we talking about here ? And usd is used on illegal things more then bitcoin   but noone says anything,do they?

standard reply, no actual content, typical bitcoin-propaganda of "all other coins are shit, bitcoin is the only real coin" (old and untrue)
I have been reading these lines about 1000 times

[yakuza699]

- average cost for 1 transaction today: 8.20$ and expected to rise (INSANE!!!)

uhmm wasnt it falling all the time? at least thats what i see from your posted link

The BTC price and the cost of the transactions decreases but only in terms of USD.

[deine mudder]

- average cost for 1 transaction today: 8.20$ and expected to rise (INSANE!!!)

uhmm wasnt it falling all the time? at least thats what i see from your posted link

The BTC price and the cost of the transactions decreases but only in terms of USD.

they increase as soon the price rises, 8$+ is insane (and that's a low)

"only in terms of USD" hahaha

[LiteCoinGuy]

du hast einige falsche annahmen in der aufzählung.

schau dir noch einiges zu bitcoin mit einem offenen geist und du wirst zumindest einen großteil deiner kritik ändern 

[deine mudder]

du hast einige falsche annahmen in der aufzählung.

schau dir noch einiges zu bitcoin mit einem offenen geist und du wirst zumindest einen großteil deiner kritik ändern 

I'm well informed, no worries.

[R2D221]

2010 is half a decade ago. A blockchain isn't a 'innovation' in 2015

Gavincoin-fork  and sidechains is no real innovation, just an attempt to fight off competition from alts. So "innovation" in Bitcoin is pseudo-innovation only to keep #1 spot. The real innovation happens in alts.

You need to judge innovation not by how old it is, but by how big the changes are related to what existed before this.

[Beliathon]

Because it's not backed by violence or inflated by coercion, unlike national fiat currencies. It's an ethical perspective, for me personally.

[redsn0w]

Because you are "free" when you are using bitcoin , and obviously (also because) you don't pay the expensive fees .

[deine mudder]

2010 is half a decade ago. A blockchain isn't a 'innovation' in 2015

Gavincoin-fork  and sidechains is no real innovation, just an attempt to fight off competition from alts. So "innovation" in Bitcoin is pseudo-innovation only to keep #1 spot. The real innovation happens in alts.

You need to judge innovation not by how old it is, but by how big the changes are related to what existed before this.

Because it's not backed by violence or inflated by coercion, unlike national fiat currencies. It's an ethical perspective, for me personally.

sure, but this isn't limited to 'Bitcoin' - same is true for all decent cryptocoins

Because you are "free" when you are using bitcoin , and obviously (also because) you don't pay the expensive fees

I don't feel free when using Bitcoin. I feel forced to use it because it is preached here there wouldn't be a choice. It is slow (1 hour transactions). The bearmarket is long and sellpressure high.
I have higher standards for freedom - those include true choice, bitcoin isn't that choice i have - it's the standard solution for noobs. I'm totally annoyed by it.

The fundamentals are bad. It isn't sustainable without huge money burning away.

[Momimaus]

You got real points. But shitty brand? In my opinion quite the opposite. You can´t even talk with people in the real world about altcoins without starting the explanations with Bitcoin.

The rest looks true.

But one thing is very important. All altcoins are priced in BTC, and had to be exchanged through Bitcoin. Maybe the only killer feature left.

[RodeoX]

- ninjamine by small group without much public -> very bad distribution
Best distribution system ever developed
- huge satoshi wallet hanging like black cloud over the market
No one knows if Satoshi has any bitcoin, including you.
- 10 minute blocktimes - slowest transactions in crypto!
Compared to days or weeks like a credit card?
- high inflation
Only supply and demand. Price inflation is just more demand
- no fast difficulty retarget
So?
- market infested with shortsellers and heavy manipulated
Ah, like dollars then.
- hype died off, promises broken (no exponential hype growth)
BTC does not need your hype
- expensive transactionfees
Cheapest way to send money ever developed
- shitty brand, shitty logo
Hmmm. that may be a dealbreaker 
- already very expensive but unable to hold its value (less potential gains compared to smaller caps, a lot downside)
one could buy $0.0000001 worth of BTC. Expensive?
- extra volatile thanks to all the dumpfest from miners and the manipulation
Is what it is
- more and more centralised
No central authority whatsoever
- a foundation nobody wants
Except for it's many paying members
- whoring for big money and loosing its original values rapidly
So it's alive now? and a whore?
- dev befriending three letter agencies
You mean the NRA?
- no real innovation, only innovative in the field of holding down competition
The most innovative monetary system in centuries
- completely hype-driven
I only use it for it's utility
- bad reputation from early history (drugs, guns, childporn, darkweb ...)
Never bought those things?
- inefficient with lots hashpower
Compared to what?
- average cost for 1 transaction today: 8.20$ and expected to rise (INSANE!!!)
source:
https://blockchain.info/charts/cost-per-transaction
I have never paid more than $0.04.


So why again would i put my money on 'Bitcoin' instead of a more advanced and modern crypto?
Fanboys? Any idea?
See red text

[deine mudder]

You got real points. But shitty brand? In my opinion quite the opposite. You can´t even talk with people in the real world about altcoins without starting the explanations with Bitcoin.

The rest looks true.

But one thing is very important. All altcoins are priced in BTC, and had to be exchanged through Bitcoin. Maybe the only killer feature left.

sure, it's a piece of history. When explaining crypto to someone you will always have to mention 'bitcoin' as the first of its kind.

That's my exact problem: i am forced to use it when i want to trade alts!!!! And its price negatively affects all the altcoins!!!! And the volatility too! It's not even good as basecurrency!!! Fiat is better!!! How sad is that?

[deine mudder]

- ninjamine by small group without much public -> very bad distribution
Best distribution system ever developed
---------------because you were ninjamining too?

- huge satoshi wallet hanging like black cloud over the market
No one knows if Satoshi has any bitcoin, including you.
------------------ why should he not have them?

- 10 minute blocktimes - slowest transactions in crypto!
Compared to days or weeks like a credit card?
-----------no, compared to 15 minutes litecoin and 5 minutes other coins

- high inflation
Only supply and demand. Price inflation is just more demand
---------supply too high



- no fast difficulty retarget
So?
----------not completely safe from fatal failure


- market infested with shortsellers and heavy manipulated
Ah, like dollars then.
----------------------dollar is rising


- hype died off, promises broken (no exponential hype growth)
BTC does not need your hype
------------------but you and all bagholders hype it naturally. Don't say it ain't so.

- expensive transactionfees
Cheapest way to send money ever developed
----------------wrong, 1 standard fee bitcoin is more than 100 standard fees dogecoin and other alts. I send alts for fractions of cents


- shitty brand, shitty logo
Hmmm. that may be a dealbreaker 
---------------lol

- already very expensive but unable to hold its value (less potential gains compared to smaller caps, a lot downside)
one could buy $0.0000001 worth of BTC. Expensive?
-----------------------high marketcap, don't play stupid 

- extra volatile thanks to all the dumpfest from miners and the manipulation
Is what it is
- more and more centralised
No central authority whatsoever
----------only few nodes and number of nodes decrease, industrial mining

- a foundation nobody wants
Except for it's many paying members
---------------there's no consensus on it


- whoring for big money and loosing its original values rapidly
So it's alive now? and a whore?
- dev befriending three letter agencies
You mean the NRA?
- no real innovation, only innovative in the field of holding down competition
The most innovative monetary system in centuries
-------------maybe last decade


- completely hype-driven
I only use it for it's utility
-------------no, you speculate on it too of course



- bad reputation from early history (drugs, guns, childporn, darkweb ...)
Never bought those things?
------------why should i? You obviously did.

- inefficient with lots hashpower
Compared to what?
---------comapred to alts

- average cost for 1 transaction today: 8.20$ and expected to rise (INSANE!!!)
source:
https://blockchain.info/charts/cost-per-transaction
I have never paid more than $0.04.
------------you're taxed indirectly with the new mined coins --- it's blockchain.info, dude. You're playing dumb a lot.
(Price of coin times new coins plus fees) devided by
'number transactions per day'

So why again would i put my money on 'Bitcoin' instead of a more advanced and modern crypto?
Fanboys? Any idea?
See red text

[Momimaus]

You got real points. But shitty brand? In my opinion quite the opposite. You can´t even talk with people in the real world about altcoins without starting the explanations with Bitcoin.

The rest looks true.

But one thing is very important. All altcoins are priced in BTC, and had to be exchanged through Bitcoin. Maybe the only killer feature left.

sure, it's a piece of history. When explaining crypto to someone you will always have to mention 'bitcoin' as the first of its kind.

That's my exact problem: i am forced to use it when i want to trade alts!!!! And its price negatively affects all the altcoins!!!! And the volatility too! It's not even good as basecurrency!!! Fiat is better!!! How sad is that?

Yeah you are right that sucks.
But altcoin guys are bashing each other all day long.
Wasting their own time like Bitcoin is wasting energy. 

[BitcoiNaked]

Bitcoin is original and all the other cryptoos are simply cheap useless copies .

Not true at all, we are seeing some impressive start ups rising, especially recently. I agree that the majority are cheap ass copies, from 500 cryptos i would say like 1-2% have innovated further than bitcoin as an extra service layer benefiting crypto technology in general. Saying all the other cryptos are cheap useless copies is utterly retarded and more a statement from a desperate bitcoin bagholder.

[ChuckBuck]

-Still anonymous, decentralized peer to peer money
-Multisignature transactions
-Can be used for Remittances
-Transfer money overseas quickly with low fees
-Still faster than the 2 or 3 days credit cards take to confirm a transaction
-NY Bitlicense current draft appears lenient towards regular Bitcoin holders
-More and more adoption: Dell, Overstock, Expedia, Newegg, Microsoft
-NYSE just invested in Coinbase contributing $75 million in funding
-COIN ETF will launch this year
-Winklevii look to legitimize Bitcoin based exchanges with Gemini, more transparency than foreign exchanges
-Paypal imminent Bitcoin payment option launch
-Bitcoin mining difficulty and hash rate plateauing, causing massive farms to shutdown, making it a more even playing field
-Immersion cooling upcoming standard for miners, lowering cooling costs of these farms, and lowering overall operational costs
-Excellent alternative to the traditional banking system, especially for the unbanked in 3rd world countries that don't have access to it.
-Continuous mentions, exposure, and evangalism like what happened a couple of days ago at the Davos world economic summit
-More and more Bitcoin ATMs sprouting up throughout the world
-Andreas Antonopolous releasing "Mastering Bitcoin" by O'Reilly press
-Bitcoin is still only early beta stage, Year 6, version 0.9.3 of Bitcoin Core.  We still have a long ways to go.
-Continuous VC investing, promising startups, hollywood taking notice, non profit organizations adding as donation options
-Xapo debit card, Purse.io, Gyft, Brawker, Open Bazaar, Lighthouse, Coinbase, Bitpay, Secondmarket, BitGo, Robocoin, Blockchain, BitWage, breadwallet, Ledger, Trezor, Lamassu and countless other Start ups and Bitcoin based companies sprouting up continuously