Quote from: Kelvinid on May 27, 2024, 01:24:27 PM

Quote from: CageMabok on May 24, 2024, 07:52:33 AM

Quote from: oktana on May 23, 2024, 09:34:29 PM

The only issue about potential adoption is the high transaction fees. I think Bitcoin would be more valuable if transaction fees were really tiny and one can make a $1 transaction and receive at least $0.99. Some people who implemented it took it out for as ample as this reason. Because you have to wait for the transaction, yet, you pay some really high fees.

In terms of mass adoption of Bitcoin, the issue of costs should not be a barrier that should be used as the main reason, because the amount of costs that you give is a very small amount and even in some countries such a small amount cannot buy a piece of candy Cheesy

. What I want to convey is that you can pay attention to these fees with the amount of Bitcoin that you will bring into the transaction, you will definitely find a difference in the amount of fees based on the number of Bitcoin units that you transact so I assume that this is always adjusted by the amount that we transact. So this should not be a reason to stop our own desires in terms of adopting Bitcoin at this time and forever.

Fees are still a factor in why adoption isn't going fast. Those days that fees rise to $10 ( and more), I don't think it is encouraging to spend and use BTC to buy. Indeed, it was not the excuse why but the lack of trust really mattered.

After all, and all the factors concerning the adoption, still, no reason why Bitcoin will never survive. As long as Bitcoin remains useful to the community, it still gets strong support. Of course, corrections happen always but it recovers then because that is how it works. Some are selling and dropping the price but on the other side, some are also buying and uplifting the price again.

Well, actually, what you mentioned is correct, pal. As long as there are people who support Bitcoin and believe in it, it will really survive. Just like in the food business industry, as long as there are people who are hungry, there will definitely be food at your food business.

It's the same with Bitcoin. As long as there are people who believe that Bitcoin is a good long-term investment and even in the short term can make a profit from Bitcoin, Bitcoin will really survive, but once those who believe and support Bitcoin disappear for sure, it will not be able to survive.