Topic: Bitcoin transaction cost is too high - page 17. (Read 3174 times)
It is in correlation with the supply and demand, as the network traffic is increase the transaction fee also increases. As i observe in the past months before the bitcoin hit 2k USD, all the transaction went smoothly, and from this past month the transaction problem arises this is because the bitcoin is in high demand.
Due the increase of Bitcoin price the fees costs too high
Simply the Bitcoin nowadays is not for the people who have small amounts of Bitcoin.
This happen because bitcoin demands is increasing as to bitcoin fees are expensive. Most hopes on bitcoin transactions fees could be lesser in the future. Well i hope this will be fixed. Simply the Bitcoin nowadays is not for the people who have small amounts of Bitcoin.
yes ive notice that the transaction fee right now is very expensive. I decided to convert my investment to ethereum waves and litecoin. I hope the price of my three altcoin will rise although. Bitcoin is very good altcoin but the transaction fee very high
Due the increase of Bitcoin price the fees costs too high
Simply the Bitcoin nowadays is not for the people who have small amounts of Bitcoin.
Simply the Bitcoin nowadays is not for the people who have small amounts of Bitcoin.
Maybe in value its too high but 0.001 btc transaction fee nowadays are just in the minimum requirements to be paid for not that fast transaction but not that slow too,yes traffic happens sometimes but its just sometimes and bitcoin still come through
i think, its because of high volume/usage of transaction made everyday, and that high volume/usage of bitcoin transactions can cause of more traffic/delayed to confirm a single transaction, so i think that a reason why do this bitcoin transaction cost become too high. and they also implement a options to choose how fast your transaction can be confirmed. the high cost of fee indicates that your transaction can be confirmed soon, while the low cost fee indicates that your transaction will be confirmed after a hundreds thousand of txn/transactions made.
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
actually reasonable when transaction costs are expensive because this follows from the bitcoin price changes. But you can set the amount of transaction fee on wallet blockchain, but this will affect the fast or not your transaction will be confirmed. will it change after adjustment since the transaction cost is being affected by the crazy price rise
I usually switch over to dogecoin for transaction, cheaper fees and faster transaction speed 
If You need deposit or withdraw just use conversion Etherum or Litecoin for transactions.
I second this stance. I don't know about Ethereum but Litecoin has been of great help to transact large amounts with lately. That's likely the reason behind the coin's recent price surge. And we will probably see the Lightning Network in Litecoin used for real if the number of Litecoin transactions comes close to the level of Bitcoin transactions. Speaking of Bitcoin, more specifically, we are unlikely to see the fees drop any time soon simply because miners won't let it happen.
That is because people are using bitcoin. Dev team will implement new porotocols. LIghtning network will also help out with this problem
"investors" fkd up the whole network, normal users must pay hundreds to send some bs payment and wait fkn days, bitcoin is the worst ecurrency that there ever was and I hope it's value plummets soon and end these get rich quick pipe dreams.
Yes.. Nowadays the cost of bitcoin is high. For Indian Rupee: 1 bitcoin =1100348.29 Indian Rupee. In US, The cost is high when compare to India.So choose the Indian website for bitcoin transaction.
If bitcoin price is increasing then it’s obvious that the value of the transaction fee will also increase as it was valued in btc. It’s a given that we need to accept particularly because we are leaving in a fluctuating investment in normal basis. We can’t complain for we also want it’s prices go high and the only thing we should do is accept the consequences.
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
will it change after adjustment since the transaction cost is being affected by the crazy price rise
Yeah it is quite disturbing especially for someone like me who has small investment. The fees would eat all my bitcoins. Its just crazy. Its surging high after the increase in bitcoin value. Many have chosen to trade with litecoin which causes the litecoin value to increase.
Not only are the transaction fees high, it took a relatively longer time for the transaction I did to go through.
I hope lightening the network works out perfectly in good time
I hope lightening the network works out perfectly in good time
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
we should use altcoins like Ether or Litecoin for transaction or buying other new coinwill it change after adjustment since the transaction cost is being affected by the crazy price rise
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
will it change after adjustment since the transaction cost is being affected by the crazy price rise
YEs it has been high and truly it has caused a great deal of displeasure from all of us that are trading and transacting with cryptocurrency however if we think about it even with the transaction costs it is still a paltry akount compared to what bitcoin truly is
Yes, the fees are too high and been too high for a while. I think higher-level solutions (such as Lightning Network) are the only hope. Until then, bitcoin is completely unsuitable for online payments and other small transactions.
quite expensive. I was annoyed every time I traded. Transaction fees can be up to $ 30, compared to my assets are too large. There are many currencies that can be traded quickly. very cheap cost
I think that's a natural thing if bitcoin transaction costs are expensive, because bitcoin is a great digital currency.
if you think the bitcoin transaction price is expensive, I suggest you to convert it to ethereum, or litecoins.
or you can use a voucher to take advantage of bitcoin, and it's cheaper. and I used to do that.
if you think the bitcoin transaction price is expensive, I suggest you to convert it to ethereum, or litecoins.
or you can use a voucher to take advantage of bitcoin, and it's cheaper. and I used to do that.
Even for Ethereum the transacion fees are rising (ever heard of the crypto kitty game?). It seems that for most crypto currencies which reaches a certain popularity the fees are rising and rising. Time to scale up.
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