Re: The reason that keeps me from investing in bitcoin
Hello everybody.
I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?
The only thing I see : big amount transaction
But bitcoin won't be the money you use to buy your sandwich with those fees!
I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?
Will segwit may lower the fees?
Thank you
I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?
The only thing I see : big amount transaction
But bitcoin won't be the money you use to buy your sandwich with those fees!
I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?
Will segwit may lower the fees?
Thank you
At the moment, bitcoin can't really be used for conducting day to day transactions. I agree that the transaction fee is very high, and then there's a chance of having a pending transaction or too long. Even I would advise you to look at your bitcoin as an investment for now