Explain to the newbie because with the increase in the value of bitcoin grows and Commission of the network 0.001 (if I'm not mistaken) it is very expensive. Bitcoin to become like the big ingot of gold, which is a pleasure to own but it is inconvenient to use in everyday life. The community decides for ease of use, or we will move on to altcoins?
Yes the trasaction will become slower when most of people are use it. So I think it will be good if bitcoin is only used for rich people that will be bitcoin investors and certain countries, I don't think that bitcoin need to be used by all people in the world. 
Topic: Bitcoin expensive to use - page 2. (Read 838 times)
Yes, it is very expensive to send small transaction via bitcoin as it reaches its max transaction throughput. It is a hot topic on how to scale bitcoin. So bitcoin is more like a digital gold for storing value and less like a cryptocurrency for daily transactions.
Bitcoin became more of a asset or investment than being a currency. I don't know if its a good thing or a bad thing for bitcoin to go over the price right now because there is a positive effect whether it goes down or up, if bitcoin price goes up investment rises and if the price goes down less transaction value.
If the question is bitcoin expensive to use then yes it is, but it depends on your reason of using, if you are only use bitcoin for gambling, buying things etc. then it is expensive but if you're about to use it for quick sending then it is not expensive at all. The purpose of why you use will tell you if its expensive.
Yes, it is very expensive to send small transaction via bitcoin as it reaches its max transaction throughput. It is a hot topic on how to scale bitcoin. So bitcoin is more like a digital gold for storing value and less like a cryptocurrency for daily transactions.
Bitcoin was always very, very cheap and fast to use and confirm. It never used to be this way. It used to only take a few seconds to see your transaction appear on the blockchain and have it confirmed. And there was no need to send a fee even - you could send a transaction with 0 fees and it would get approved quickly. However, unfortunately this is changing. Every day that goes by the network is more and more congested and fees are going up. It sucks. :-? Oh well! Hope this is a solution soon.
I would say yes, bitcoin is a bit expensive to use I wish the online wallet banks
could lower their fees, that would make my day. The bitcoin price is going up day by day
so more fees adding up.
could lower their fees, that would make my day. The bitcoin price is going up day by day
so more fees adding up.
yes its expensiuve they to reduce the ammount of feess in my opnion before they get proper adoption. I dont like this fact
Yes, I found it too that it is so expensive because I just need to send 3 dollars but the fee is very huge than the money I need to send on, this is due to the expensive value per bitcoin, and I guess this is t prevent to make people withdraw thie money due to high price and get their profit.. 
Explain to the newbie because with the increase in the value of bitcoin grows and Commission of the network 0.001 (if I'm not mistaken) it is very expensive. Bitcoin to become like the big ingot of gold, which is a pleasure to own but it is inconvenient to use in everyday life. The community decides for ease of use, or we will move on to altcoins?
it is possible that the newbie fee 0.001 is very expensive because the newbie does not have the experience and the bitcoin income as its predecessors, but actually it is worth the income that can be earned now .. with great revenue ,, it is very worthy for the income of bitcoin users ,, which have already used bitcoin Weird I'm on one exchange saw a Commission of 0.001 was written there is a Commission system. See I don't understand.
The exchanger take a higher fee to make sure your transactions on a top priority in a bitcoin network transactions, besides they will cut-off your transactions fee as their profit.Weird I'm on one exchange saw a Commission of 0.001 was written there is a Commission system. See I don't understand.
The exchanger take a higher fee to make sure your transactions on a top priority in a bitcoin network transactions, besides they will cut-off your transactions fee as their profit.
The increasing value of Bitcoin doesn't make products more expensive, on the contrary, it could make products cheaper at shops don't use a fiat to BTC conversion rate. But you're right about the high transaction fees, this is a temporary problem Bitcoin has. Solutions like Segwit are already available but they need to be used by more people to speed up the network.
The fee is not fixed it depends on how much you are transacting with.. but yes in comparison to others aka bch it is higher.
It is really too expensive for small transactions, it is like paying double.
that's way Satoshidice uses BCH now
:-\Is it better to buy ETH since bitcoin is so expensive?
I really hope that Litecoin will take the role for micro-transactions and give some relief to Bitcoin, as a payment functionality.
Bitcoin is evolving into value store medium and asset.
People start saving long-term in Bitcoin, rather than using BTC to conduct frequent transactions.
Personally, I use Ethereum and Litecoin to send money to others, less Bitcoins recently.
Bitcoin is evolving into value store medium and asset.
People start saving long-term in Bitcoin, rather than using BTC to conduct frequent transactions.
Personally, I use Ethereum and Litecoin to send money to others, less Bitcoins recently.
Here I probably agree with You. Bitcoin is like dollars in denominations of 1,000$ and litecoin as a 100$ bill.
The fee is adjustable and your profits surely will be greater than your losses because of transactions fees because the price only rises over time.
You should learn and hodl and don't move your coins unless you really have to. And when you do, plan ahead so you can afford lower fees.
You should learn and hodl and don't move your coins unless you really have to. And when you do, plan ahead so you can afford lower fees.
Hmhnm I am not sure about this. IMO, Bitcoin may be able to partially replace fiat cash (especially for remittances and online purchases). But gold is a different type of asset altogether, which have been in use for the past many thousands of years. Replacing gold will be extremely hard for Bitcoin thanks
Gold here as an allegory, so to speak a measure of wealth.
Yes,transaction fee has become the biggest issue for bitcoin and the higher transaction fee seems to make frustration among the users.Segwit was activated with an idea to provide solution for this problem.But due to some miners who started to mine empty blocks and some mining pools sending large number of spam transactions of micro amounts,fee has become very high.But i don't think that users would switch to any other altcoin just for this reason,
The fee is not fixed. It can be 0.001, 0.00001, 0.00054321, or even as low as 0.00000001. The amount you pay is the minimum amount that you think is enough to motivate a miner to process your transaction instead of someone else's transaction.
I agree that Bitcoin is expensive for small transactions. Though most of the wallets enable you to edit fee for slower confirmation time sms don't. Today while withdrawing from Bittrex they charged 0.001 which is $9 and is a huge amount which is not even editable.
Jump to: