I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??
Is this really what bitcoin become? Currency used for miners so they can earn more money?
Well you are right, the recent hick in the transactions fees in bitcoin was so alarming but that is gradually coming back to normalizes now. But from the analysis you made I have some thing to point out. 1 how can you pay for the transactions fees of buying bitcoin the seller has to bear that cost, in bitcoin you have to be smart and carry out adequate research on how things are done. And if your friend has the mind to wait for along time the $100 can earn enough interest.