To bitcoin or to alt coin?

[DviouS 51]

Transaction fees are only high when the network is congested. You can theoretically transfer a million dollars worth of Bitcoins to anywhere in the world while paying only a couple of dollars. To add to that, solutions are being worked on to prevent congestion. The end goal is for the network to be able to handle worldwide demand.

Deflation isn't necessarily a bad thing. Bitcoin can exist alongside fiat as a decentralized option.

Volatility should theoretically decrease as the market size increases. The bigger it is, the more money it takes to move it after all.

A small contingent of the public already uses it, like members of this forum. There's even a bank which uses it for international transfers over SWIFT, among merchants that accept it as a payment option.

In the end, just because you can't see its utility doesn't mean everyone shares your view. It must also be noted that Bitcoin is still being improved upon so its shortcomings are very likely to be fixed in the future.

[blueprints 200]

I mean why not use more then one crypto currency? Bitcoin has its strengths and weaknesses just like other coins, but alt coins specialize in things that bitcoin doesnt. I think it be smart to have a bit of btc and also any alt coin that you see being useful to people. 

[KiXxnTRiXx 274]

Hmmm.. Well, my question is, are fees for transfering any coins even regulated or is this decided by the sites or apps where youre doing the transactions?.. I have wondered this because every site and apps have charged different fees network congested or not.. and some site in absurd amount no matter the value youre sending out.. i was charged by a site an absurd fee of 0.0005 btc even if youre only transfering the minimum value of btc.. its insane because they get alot of traffic so i do not understand why such high fees other than being greedy bitches.. smh

[polor12 208]

For all those transaction fee..the platform has to make their money..is up to u to find that platform with the lowest fee possible.

[Kate 656]

I don't know if it's true but i feel like the less number of miners that there are in the world mining Bitcoin higher the miner fee for every transaction would be and vice versa . 

[laron 181]

14 hours ago, polor12 said:

For all those transaction fee..the platform has to make their money..is up to u to find that platform with the lowest fee possible.

if for investment, I prefer bitcoin to save assets because I think the price of bitcoin is increasing every day, whereas for withdrawals or for transactions I prefer altcoins that have the lowest fee besides saving assets, sometimes other altcoins are faster in making transactions

[rajamishra 122]

hello friends its the depends upon the network and the technology,when btc invent its too early the technology so secured step by step its improved his dimension ,but other coins are create with their own security.thats the main reason and another cause btc now the highest market cap and increase  day by day. 

[DviouS 51]

Yea...  If I like to play with btc due to the value... just because... like the other day I made 88k litoshi to .68 ltc..... and it just pisses me off because I would rather have turned 88k sats to .68 btc...   but, as far as trasactions goes, moving money, and such...   btc sucks =|    to big of fees,  to slow of processing.......     XRP  - hardly any fees, instant transactions... seems to be the obvious choice with out any reason to think about it lol

[JacksonPalmer 54]

I prefer nearly everything other than Bitcoin, it is just too slow for me and the fees are just too high. If you actually want to use a crypto use altcoins, if you just want to speculate and make some profit use bitcoin, but then you can just buy some Gold as well instead

[GeorgeFeb 73]

On 4/12/2019 at 3:23 AM, DviouS said:

Transaction fees are only high when the network is congested. You can theoretically transfer a million dollars worth of Bitcoins to anywhere in the world while paying only a couple of dollars. To add to that, solutions are being worked on to prevent congestion. The end goal is for the network to be able to handle worldwide demand.

Deflation isn't necessarily a bad thing. Bitcoin can exist alongside fiat as a decentralized option.

Volatility should theoretically decrease as the market size increases. The bigger it is, the more money it takes to move it after all.

A small contingent of the public already uses it, like members of this forum. There's even a bank which uses it for international transfers over SWIFT, among merchants that accept it as a payment option.

In the end, just because you can't see its utility doesn't mean everyone shares your view. It must also be noted that Bitcoin is still being improved upon so its shortcomings are very likely to be fixed in the future.

There's utility for ya: https://www.livingroomofsatoshi.com

Check the latest payments, you'll be amazed!

[jamesbond 42]

BTC is really getting too expensive when doing transactions and taking too much time sometimes, but altcoin transactions are fast and cheaper, but at the end BTC is what gives values to altcoins.  Every inflation of BTC price makes the altcoin market so active, usually if BTC goes up, altcoin value also goes up.   If BTC goes down some altcoins just vanish due to that or just become the value of dust, so BTC will always remain the king among others and I think its value will go skyhigh as its gonna reach its maximum mining capacity.

[Winwin12 7]

For me its better to have multiple currency than sticking yo one specific crypto currency.thebpossibility of decreasing price is happening and if you only have one crypto you will having no second or third choice if you did not invest or ourchased multiple crypto.