Post
Topic
Board Bitcoin Discussion
Re: Fees are killing/have killed Bitcoin.... it is sad but true.
by
Karavadinos
on 24/01/2018, 22:13:04 UTC
Only a few years ago we had a growing number of shops here in berlin that you were able to buy food and/or drinks from for bitcoin. Right now there are no more of these stores left. And most of the sellers I used to buy things from on the big marketplaces now refuse to trade bitcoin too and changed to etherium. I know for those people that think that bitcoin is the new gold it is not that bad but bitcoin was "released" to be something completely different. Right now bitcoin is no real crypto currency at all. Buy a coffee for 2,5 bucks and pay 25 bucks fee.... sure.......... In my opinion bitcoin completely failed because of these fees and I sold every last satoshi and invested in other crypto currencies. Is there a single reason to stick to bitcoin? If yes, please feel free to tell me!


The fees have a big part in the failure of the price lately, actually people are getting to know bitcoin more worldwide and the community is getting bigger and difficulties as well, which caused the increasement of the transactions.
With a crowded system, and 250k unconfirmed trasanctions the dealers started to pay more to confirm their transactions in less time that's why for a certain moment the fees went as far as 80$ in the last 3 to 6 weeks thus its price decreased, but their attempt on ending bitcoin isn't positive since I believe it will rise again as the fees are around 0.5$, Bitcoin will top the world of crypto once again.