Did send 800 euro in BTC a few days back, fee was 1,32 dollar. And that is cheap
Dont't like the fee?
DON'T USE BITCOIN!! It is just so simple
edit. And yes it was quick also...
Topic: big transactions fees are a problem for bitcoin!!? (Read 181 times)
What a total bullcrap about the BTC fee right now!
Did send 800 euro in BTC a few days back, fee was 1,32 dollar. And that is cheap
Dont't like the fee?
DON'T USE BITCOIN!! It is just so simple
edit. And yes it was quick also...
Did send 800 euro in BTC a few days back, fee was 1,32 dollar. And that is cheap
Dont't like the fee?
DON'T USE BITCOIN!! It is just so simple
edit. And yes it was quick also...
only exchange sites now have high fees when sending bitcoin. bitcoin is always secure but if you made a mistake then the one to blame is you yourself. always think and secure what you do to avoid mistakes.
The issues you are mentioning above are already discussed and most of them are already solved.
I must admit that the transaction fees has gone way down than it was a few months ago. The fees will go more down after the implementation of the lightning network. Although its implementation is going to be done for doing micro payments, it will still be used by many number of people to do the transactions.
I must admit that the transaction fees has gone way down than it was a few months ago. The fees will go more down after the implementation of the lightning network. Although its implementation is going to be done for doing micro payments, it will still be used by many number of people to do the transactions.
I think problem about transaction fees is solved because in a few weeks I see transaction fees is low but I don't know when bitcoin reach 20k like before whether transaction fees will goes up again or not. I not feel speed transaction of bitcoin is so fast because recently I send my bitcoin and it need time almost 1 hour.
One of the early edge/advantage of bitcoin are the following;
1. Fast Transaction
2. Low Transaction fees
3. Secure
4. Being Anonymous
Now I don't think that bitcoin still has this advantage over the current monetary system. what do you think?
Read this article: https://www.cnbc.com/2017/12/19/big-transactions-fees-are-a-problem-for-bitcoin.html
1. Fast Transaction
2. Low Transaction fees
3. Secure
4. Being Anonymous
Now I don't think that bitcoin still has this advantage over the current monetary system. what do you think?
Read this article: https://www.cnbc.com/2017/12/19/big-transactions-fees-are-a-problem-for-bitcoin.html
bitcoin at the early indeed fast, it is because the network still not crowded.
the demands still low. but now, the demands of bitcoin is far increased from that time.
so the transaction time, fees are require more.
I think when you do a comparison with other payment systems, you have to take more things into consideration :
https://crypto.bi/tape/blog/ccs-swift/ will help you to understand this. You cannot compare APPLES with STRAWBERRIES
and make conclusions from that. There are a lot happening on the front end and on the backend of these technologies and
things get complicated, when the amount increase.
https://crypto.bi/tape/blog/ccs-swift/ will help you to understand this. You cannot compare APPLES with STRAWBERRIES
and make conclusions from that. There are a lot happening on the front end and on the backend of these technologies and
things get complicated, when the amount increase.
Same thing about the transport system. Trains were cheap, fast, and spacious. Now try to get on during rush hour and you're on an overcrowded train, very expensive ticket, and it is slower due to too many people using it!
Hopefully bitcoin will have a solution to these high transaction fees
Hopefully bitcoin will have a solution to these high transaction fees
bitcoin doesn't have a fast transaction!
bitcoin transfer fee is low if you are sending a bunch or big value.
bitcoin is not secure! once you made a mistake in the address it will be gone forever no refund!
The only thing in bitcoin is having anonymous, but if you are on some wallet like coinbase or others, there's no security on your identity.
bitcoin transfer fee is low if you are sending a bunch or big value.
bitcoin is not secure! once you made a mistake in the address it will be gone forever no refund!
The only thing in bitcoin is having anonymous, but if you are on some wallet like coinbase or others, there's no security on your identity.
The higher the adoption rate and the demands for it bitcoin is getting more scarce and harder to obtain. The fees are being affected by other countries regulation on it, economic crisis and much more.
Seems that you have not made any transaction in the past days or you didn't made any transaction 3-4 months ago. Now the transaction fees are not high. Transactions are confirmed fast with low fees.
As the price drop, the fees also reduced as in December it went up from 0.00015 to 0.00025/0.0005 but now its back to 0.0001-0.00015 as the lowest I encountered. The fees are really problem as for transacting by converting fiat will surely affect ones mentality as it takes whooping amount if the amount is high. Also it went as high as $3-$4 for sending just $20 in December 2017. So yes its been a problem, but now its lowered and alts are also been started getting accepted by many.
Seems that most people here recentely didn't make a transaction. Fees are as low as 1 Sat/b. This is pretty low in my opinion...
bitcoin is a dinosaur and in need of drastic improvements. or its time will end .
In comparison with bitcoin, which was earlier, the current bitcoin has become very slow, with hijacking transactions and really large fees. And this is against the backdrop of the emergence of promising coins that surpass bitcoin in terms of their functionality. In comparison with them, bitcoin loses unequivocally. Therefore, it must be urgently improved and improved.
One of the early edge/advantage of bitcoin are the following;
1. Fast Transaction
2. Low Transaction fees
3. Secure
4. Being Anonymous
Now I don't think that bitcoin still has this advantage over the current monetary system. what do you think?
Read this article: https://www.cnbc.com/2017/12/19/big-transactions-fees-are-a-problem-for-bitcoin.html
Main advantage of bitcoin over current monetary system is predictable supply and irreversible transactions. There is no way to block "suspicious" transaction or steal from people by printing more bitcoins. Fees should be lower, though. 1. Fast Transaction
2. Low Transaction fees
3. Secure
4. Being Anonymous
Now I don't think that bitcoin still has this advantage over the current monetary system. what do you think?
Read this article: https://www.cnbc.com/2017/12/19/big-transactions-fees-are-a-problem-for-bitcoin.html
Before, bitcoin transactions are fast and has very low fees, but as there are lot more transactions and the high price, the blockchain frequently clogs and the usd value of the fees may soar high due to the price. The higher value of fees makes micro transactions using bitcoins inefficient.
Even at this stage, I find Bitcoin user-friendly in terms of transaction fees and confirmation time on the international level but when it comes to the offline transactions it is still expensive in terms of time and cost of the transaction. It literally doesn't make any sense to wait for transaction confirmation while every time I am buying in the offline market. We need to find a concrete solution to this issue so that we will have a user base using Bitcoin daily for their regular transactions and it will strengthen the network.
I think it is problem, but being not private is not a problem. I always exchange my coin for low fee coins and send it to another wallet in this way. If bitcoin's fee is like $0.1, that would be great
there may be many problems for large transactions. for example if there is a possibility of haching and forgot passwords and its value is not always the same its value is always up and down. for there reasons.I think these may be some problem during big trading
One of the early edge/advantage of bitcoin are the following;
1. Fast Transaction
2. Low Transaction fees
3. Secure
4. Being Anonymous
Now I don't think that bitcoin still has this advantage over the current monetary system. what do you think?
Read this article: https://www.cnbc.com/2017/12/19/big-transactions-fees-are-a-problem-for-bitcoin.html
1. Fast Transaction
2. Low Transaction fees
3. Secure
4. Being Anonymous
Now I don't think that bitcoin still has this advantage over the current monetary system. what do you think?
Read this article: https://www.cnbc.com/2017/12/19/big-transactions-fees-are-a-problem-for-bitcoin.html
Actually all of this your statement is true,because this kind of advantage of bitcoin is we could not feel this kind of benefits now,because the only things we feel now is those the disadvantage of bitcoin like always pending transaction,highest market caps,not secured and lastly known our personality thats why they apply to us a KYC.
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