Bitcoin is a piece of shite! $500 tx fee for a $2500 transfer?
This is why I don't hold Bitcoin anymore other than the ones I mined back in 2009. It's old tech and it's just a religion now that people hold onto. When maximalists talk about store-of-value, they really meant sentimental value. 500 USD transaction fees for a regular 1+ hour transfer? This is at 350 sat/b rate. I'm a cheapskate so I went for 35 sat/b rate and that's still a hefty 50 USD. Failed to process transaction.
well i sent $100 to blockchain . info but now can't move out just due to that fees this is getting ridiculous
Yeah i thought the numbers were exaggerated when i first heard about it coz it sounded ridiculous. but turns out it's true.
still not possible to get out of that now asking $50 for 100 $ transaction lol i just wasted my money
Try to exchange bitcoin for another coin in the same place (Bitcoincash, for example) and probably the fee will be less. I had to do it like that once for Dogcoin and it was really less than with Bitcoin.
OH NOEEEEEEES
absolutely. by now I don't think BTC's single use case as a "store of value" merits its valuation. essentially any coin can fill that utility, with added transaction speeds and lower cost. in particular this is why i'm excited about projects like ethereum which provide a basis for an ecosystem of apps - much more exciting than "digital gold"
I sold my last piece of btc a couple of months ago. even for transaction it's bettere to use ltc, if you want not to wait for days! ^^
ltc is still like btc.. not much difference really lol. but yeah after btc ppl ususally go for ltc. not my thing tho ;)
Btc has begun to capture the increase and this seems to increase. Where do you reach the maximum? @kewinwong
good decision...but in my country we don't have choice ..... we need to buy bitcoin first then convert in another ...many times i paid 50$ transaction fee to buy steem
how do you think about the price of sbd and steem in early 2018 this?
That's going to the other extreme. They want us to buy the other coins, mainly Ether, which is supposed to go big this year with two possible forks.
I agree Bitcoin gets all the hype and a piece of shit. In the short term, it will make place in portfolios of investors, who are just getting started and want exposure to this sector (which includes institutional money). If the bitcoin community does not work towards transaction cost and scalability other large alt coins will take its place.
Bitcoin is dead
Yeah! But I want to have 1000 corpses of that kind in my wallet.
Ja, ja, ja
To be fair they're about to make it better but I agree, why choose bitcoin if other cryptocurrencies are just flat out better? It's a shame you have to buy them to trade them in for so many other coins. I'm always wondering why there are still people predicting bitcoin to hit 200k imo it's a sinking ship.
I agree. People are so weird about it.
"You're missing the big picture, it's life changing tech so let's not rush it!"
"Bitcoin can just adopt any new tech improvements from other coins so it'll be fine."
"But they're are ways to reduce the fees!"
"The most important thing is that the network is secure!"
"Just face it, Bitcoin will ALWAYS be the king."
It really is becoming a religion. It has literally nothing going for it but brand recognition.
alot money will flow into other altcoins right now because of this! this could be very good for steem
The only reasons i have btc:
Good answer.
Due to the ridiculously increasing fee of BTC - many have switch to BCH...
What's with the exaggerated transaction fee? They might as well rob us. This is why I don't use bitcoin, not only is the transfer slow, the transaction fee is through the roof. I rather have dogecoin than Bitcoin.
there's no they.. but yeah this is magic internet money's tax kicking in.