Topic: Bitcoin transaction cost is too high - page 2. (Read 3200 times)
I agree that transaction fees are very high now, but I don't like how long it will take to complete the transaction. I hope this will be solved by the new enlightenment network they have tested in the last days.
in bitcoin transactions, Value of fees for bitcoin, not dollars. Increase the dollar does not interfere with the standard costs for bitcoin transactions. Unless they change their own costs. so there is a difference in standard costs. indeed, the cost of bitcoin is huge now. But if it changes, I think the miners disagree with that.
If we engage in Bitcoin advertising or trading, maybe we will feel an increase in profit. Moreover, trading that does not require a lot of transaction fees except the sale and purchase fee, and the sale and purchase fee is very small. Only about 0.3% to 0.5% and that won't have too much impact on our profit.
It is uncertain for the faucet field to get big profits when Bitcoin prices are high, because usually the Bitcoin prices are the faucet adjusters, if it is high, the faucet will lower the specified reward. But for the faucet will be helped by microwallet that takes a few percent fee, it's just that the delivery takes more time.
It is uncertain for the faucet field to get big profits when Bitcoin prices are high, because usually the Bitcoin prices are the faucet adjusters, if it is high, the faucet will lower the specified reward. But for the faucet will be helped by microwallet that takes a few percent fee, it's just that the delivery takes more time.
it's true that, Bitcoin transaction cost is too high. but you always not thinking it. Bitcoin market is getting huge. it is very demanding currency. you can using it all worldwide. it's very safe Platform. I think, when lot of people will using it, then it's transaction cost will too low.
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
Fees are not tied to price of the coin, no matter what coin. The fees on bitcoin didn't go up to crazy amounts in december because the price went way up. Fees are tied to space in the blocks. Fees got crazy because the blocks were full with a huge back log of transactions waiting so people had to put higher and higher fees to get their transactions sent in a reasonable amount of time. Now at a price of $9000 bitcoin fees are like what they were a year ago at a price of $1000. Price and fees are not directly linked only indirectly through the direct linkage of usage to fees. will it change after adjustment since the transaction cost is being affected by the crazy price rise
Bitcoin costs are very high or very expensive. If that happens to us, I suggest we convert your bitcoin to ethereum, doge, litecoin. With this coin we can make transactions.
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
I do agree that the fiat price of an average transaction fee is waaaay higher than it *should* be, but like others have already said: the lightning network is being developed, and if more and more people would switch to a segwit wallet, the problem should also become less pronounced. will it change after adjustment since the transaction cost is being affected by the crazy price rise
Yep, you are right Bitcoin transaction cost is too high. ETH fees is much lower fees than BTC. If you send 100$ BTC to someone and the economy level fees is about 20$. For this reason bitcoin will maybe lost its popularity.
Your problem is that currently, you don't need to pay $20 to make $100 transaction. I believe you have no idea what you're talking about either. Hello, have you hear about Segwit. You make me think you have never make a single BTC transaction once
Yep, you are right Bitcoin transaction cost is too high. ETH fees is much lower fees than BTC. If you send 100$ BTC to someone and the economy level fees is about 20$. For this reason bitcoin will maybe lost its popularity.
Your problem is that currently, you don't need to pay $20 to make $100 transaction. I believe you have no idea what you're talking about either. Hello, have you hear about Segwit. You make me think you have never make a single BTC transaction once
I think that because of the large number of small transactions increases the Commission. You just have to wait it out.
If Bitcoin's transaction fees are lower, even if prices and transaction volume increase, Bitcoin can be considered a daily payment method. If Bitcoin can handle issues like transaction fees and transaction speed, paying for a coffee or a Bitcoin pizza can be a viable option.
Things that deserve to be used in countries that accept the arrival of Bitcoin in their country but this should have happened because the price of Bitcoin did not experience a good increase.
If Bitcoin's transaction fees are lower, even if prices and transaction volume increase, Bitcoin can be considered a daily payment method. If Bitcoin can handle issues like transaction fees and transaction speed, paying for a coffee or a Bitcoin pizza can be a viable option.
Things that deserve to be used in countries that accept the arrival of Bitcoin in their country but this should have happened because the price of Bitcoin did not experience a good increase.
Yes bitcoin transaction price is very high. It goes up and down. should wait for some time.
Let's enjoy because transaction fee does not good matter for me and all Bitcoin lovers,investor,and trader.i am small trader so if Bitcoin transaction going to high then I have to wait for low fee?? Lol 
personally not me.bitcoin transaction fee high/low it's simple common and I'm not crazy about fee.
personally not me.bitcoin transaction fee high/low it's simple common and I'm not crazy about fee. 
It is depend from any site you make your bitcoin transaction because the fee of btc transaction is not the same in any sites
Yes they are charging much more then fair rate. First of all you have to buy bitcoin with some extra price then when you transfer to block chain you will pay much fees then again if you want to convert them into another category then you much some more so that will make a huge amount.
Yes that was high actually very high at this time last year. I remember once i send some transaction which was 0.04 BTC and the transaction fee were 0.003! It was nearly %8 commision and i was very angry.. Thankfuly right now after one year the transaction fee went way down. I just sen 0.017 BTC and paid only 0.00006 BTC..
The fee is usually low, however sometimes higher fees are needed to complete your transfer or exchange. You should avoid the congestion if you're not in a hurry and exchange it in another time. But recently, a new tech called Lightening Network has appeared, I think this network can be helpful to this problem.
Yep, you are right Bitcoin transaction cost is too high. ETH fees is much lower fees than BTC. If you send 100$ BTC to someone and the economy level fees is about 20$. For this reason bitcoin will maybe lost its popularity.
Yes because of the demand of the user,so if we need to get quickly or get fast our money we should high our transaction fee for being quick,so for me these are the main reason why transaction fee cost too high.
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