I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

There was a news about getting job in cryptocurrency . If you can not make enough money in different cryptocurrency and you think it can not fit your daily income.
Maybe you end up getting an actual job especially for those who have a family that depends on them.
I read about this news about Cryptoconomy offers a job opportunities with no qualifications necessary.
Try to look at this news   if you want.

https://news.bitcoin.com/how-to-get-a-cryptocurrency-job/?utm_source=Bitcoin.com+Subscribers&utm_campaign=7e9d8e50e8-Daily+Newsletter&utm_medium=email&utm_term=0_ea978414cb-7e9d8e50e8-216294061&goal=0_ea978414cb-7e9d8e50e8-216294061&mc_cid=7e9d8e50e8&mc_eid=96ac46ed19

But there is a question in my mind. What if you dont have enough skills and knowledge about cryptocurrency. And i am one of them..

The country where I live is not a bitcoin friendly country, and I know there are some countries , they are quite friendly for bitcoin. even BITCOIN exchange ATM machines are there. Actually I would like to know what are the most Bitcoin friendly countries in the world at the moment?

Hey all check out my interview following segwit2x explaining why bitcoin is not dead!  https://humblyyourservant.com/2017/11/13/bitcoin-is-not-dead/

Would love any feedback!

Bitcoin is not just a life saver but also a life changer. Before, I don't know anything about investment. I'm just a minimum wage earner and my salary is most of the time insufficient to my needs. My family is struggling financially. When Bitcoin was introduced to my life, everything changed. At first, I invested a very little portion of my salary to HYIP and gambling hoping that my life will change instantly as what those sites promised me but I was scammed multiple times. It was devastating so I decided to stop investing on Bitcoin. After a few months, I saw some posts on social media on how Bitcoin changed a person's life so I decided to give it another try but this time, I will make sure to invest in myself first and study more about cryptocurrency. I learned about this forum and from here, I learned more things about Bitcoin specially on trading and investments. Now, I cannot say that I'm completely financially free but I can say that I'm already earning more than enough for me and my family's needs.

Bitcoin gave me another hope about life. There are times when we are feeling wasted and wants to give up but before you give up, ask your self first if you already did your best. There are times that we will definiyely lose and people will ruin our dreams but that is not a reason to stop. Just like on my experience, I got scammed but after a few months, I gabe it another shot. If I gave up, I might still ne struggling financially.

Life will definitely throw you lemons. All we need to do is learn how to make it into lemonade. I'm very thankful to Bitcoin. To all investors out there, just invest on your self first and I assure you, you'll get profit from it!

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Bitcoin is not dead lol. The price is getting low but bitcoin will not die quickly we can recover it in somehow. Many people thought bitcoin is secretly dying I just wanted to say that its wrong Bitcoin will back soon to higher value.

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I started 2017 broke and with a very low wage. My girlfriend also broke up with me in the beginning of the year.
Although I had committed some trade mistakes I was able to get 400% gains, thanks to btc.  This gave me hope and made my year a lot better.
I wonder how many people bitcoin "saved" this year, even preventing some suicides maybe.

Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.

Bitcoin is green again, do you thing is good time buy now .

The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin? 

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

As a newbie i am so hype knowing that Bitcoin will go up again, like last year?
Who knows? maybe next moth 
 

I see a lot of optimism about bitcoin, which is understandable seeing the price recently.
But I have to admit I'm a little worried about the long term future of btc.
The major problems if the currency still haven't been dealt with. I see 2 major ones:

-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make.
-The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable.
-And maybe others that I'm not aware of.

Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.

All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.

is now too late to invest on bitcoin ?

This is more secured stage contrasted with banks and it will return more benefit so every one of the people groups are drop the record in bank at that point join the crypto stage so it is additionally encouraging stage. 

honestly! Bitcoin is exchange the whole way of existence. 
Bitcoin is an unfathomable length of time computerized cash so it will keep on crypto organize. 
So,
Bitcoin will never pass on anyway one plausibility is possible Internet is fail miserably on the planet normally computerized types of cash are kicked the basin.

I was asked by a friend why I don't promote Bitcoin { why i hated it} but love promoting altcoins. My reply was that Bitcoin can't give me 1000-5000% ROI in 2-3years time anymore but with altcoin that is possible.

I notice that each time I promote Bitcoin, I'm giving the early investors easy passive income why I settle for chicken gain.

Honestly I will prefer $50,000 in altcoins (with possible potential, underpriced and undervalued) than in Bitcoin.

Do you hate Bitcoin? Give reasons why you do or don't

But what does that decentralized technology really do
To infer what the intrinsic value of bitcoin
I haven't been able to do it maybe somebody else can.

Can bitcoin change our world?I want to learn from your opinion.

Hello!

If bitcoin died do you think people will lose intrest in other cryptos aswell? which altcoin would you invest in if there were no bitcoin?

Guys, I think in future bitcoin will fell down and Instead of old blockchain technologies will come new and more large-scale projects. Bitcoin It is just the beginning.