Bitcoin transaction cost is too high - page 9.

Rosa Paula

full member

Activity: 336

Merit: 100

Quote from: tasiah on December 13, 2017, 07:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

The ascent of the cost of exchange expenses in BTC was I think in light of the fact that about its expanding request, the surge of financial specialists was not expected by the makers of the blockchain. That is the reason right now we are encountering moderate affirmation winding up to higher expenses.

kingkongcorp

jr. member

Activity: 131

Merit: 1

Indeed, transaction costs are on the rise and if you want to withdraw or wihdraw you can use LITECOIN OR DOGECOIN in my opinion only that the transaction cost is very cheap for me

maxti

member

Activity: 87

Merit: 10

Monitor the average blockchain fee in the network. If your transfer is not time-sensitive, you can wait until the average fee amount drops.

ir.yance

full member

Activity: 354

Merit: 100

Quote from: tasiah on December 13, 2017, 07:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

yes the cost of bitcoin transactions more expensive because bitcoin prices more expensive. I still support if the cost is more expensive along with rising bitcoin prices and I hope if the bitcoin price decreases then the transaction cost is also cheaper.

Kay94

member

Activity: 364

Merit: 10

I think the fee was high due to the higher demand of btc as at that time. But for now the charges are ok due to the low demand but it might increase when the demand also increases.

kaisa

full member

Activity: 560

Merit: 145

Quote from: tasiah on December 13, 2017, 07:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

I feel the same with you, but I have a small solution and I do that.
First, I avoid withdrawing funds through exchange by building trustworthy communities to exchange bitcoins to fiat money. second, build your own exchange platform by way of bitcoin auction. third, using bitcoin transactions through lightning network.
but if you only use as asset transfer, I suggest you use stellar or doge.

dartvaider

newbie

Activity: 49

Merit: 0

I think if the fee is too expensive does not matter, if it accelerate the delivery transactions, and certainly in every exchange or wallet that is used often too long to process the transfer of funds, and i will exchanges

libratiz

newbie

Activity: 73

Merit: 0

Due to the increase price of bitcoin value the transaction fees
or getting very high, I hope this issue can get solved by the bitcoin
online bank merchants.

bassbity

sr. member

Activity: 1092

Merit: 284

Quote from: tasiah on December 13, 2017, 07:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

Bitcoin transaction fees are really high right now, and the length of time it takes to complete a transaction, makes some people do not like this. These days there are many new people who start with bitcoin so there is a slightly higher transaction volume than usual. I hope this will have a solution to solve the problem of transaction costs and the length of time of Bitcoin transactions.

blockdragon

member

Activity: 189

Merit: 10

obviously the high transaction fees were only with the price increase and have been reduced right now, but the question arises what will happen if the btc would be recognized as a world currency with a high value than if the fees would be too high we would not have any advantage towards banks.

amirmass

sr. member

Activity: 425

Merit: 250

Transaction fees also increased in the fast increase of Bitcoin. It was not a problem for that time. But as the next period of continuous decline, these transaction fees became a problem. They are going to make an adjustment to that in the near future.

fianaindriati

sr. member

Activity: 700

Merit: 250

Quote from: tasiah on December 13, 2017, 07:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

if you think the cost of bitcoin is too high, better find a coin that is enough with the cost you have as now there are many coins that appear. but that does not mean you can choose origin because at this time many coins are scam

TmottaDing

member

Activity: 234

Merit: 10

The fees are more than cheap at the moment, so i do not understand why the heck you are complaining about that. Yesterday, i sent a transaction of aproximately one thousand dollars, and i did not even spent $0,20 for the fees, do you think that it is expensive?

Idowuogbo

newbie

Activity: 69

Merit: 0

The pricing of the transactions within bitcoin was just the effect of its price hike in the market. Due to the rise of the bitcoin price, it is just fair that the transactions will also be brought up into rise also making the price transactions too expensive for just one trasaction to be made. This is something which can possibly support bitcoin utility and appropriation to significantly more noteworthy degree and might take care of the long going scaling issue. At the present time, these moderate exchanges and high charges are impediments of bitcoin improvement.

dangkhoasn

newbie

Activity: 182

Merit: 0

Everything is perfect except for the high transaction fees. I do not like this at all. I still prefer ETH or LTC

Raggie

member

Activity: 462

Merit: 10

Quote from: tasiah on December 13, 2017, 07:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

it was due the bitcoin price spiking on the end of last year. The price of the transaction fee always following the bitcoin price.
not mention that if there are many transactions being processed, the network may need a higher tx fee to process the transactions.

toreserve

newbie

Activity: 26

Merit: 0

This is something that has the potential to promote bitcoin utilities and apply to a much greater extent and can solve long scale scaling problems. The reason for the high current charge when switching to FIAT is that the fiat equivalent is much lower than when you paid a 0.00 BTC fee right now

Jesusghergo

member

Activity: 294

Merit: 10

This is one thing that the people that uses Bitcoins always complain to this crypto currency. I think this is the best side of the Bitcoin needs to improve, the Bitcoin transaction cost is what we always seek to solve, since it becomes too high. But still, I preferred this crypto currency all over any other digital currencies.

Fresh boy

newbie

Activity: 55

Merit: 0

Recently I read in news that lightening network is being tested and a transaction was successfully made upon it. If lightening network came out to be successful, then yes, there would be a huge fall in fees on the transactions which will be executed on lightening network.

soltantgris

hero member

Activity: 741

Merit: 500

Judging by the news, the commission for bitcoin-transactions has decreased 45 times in three months. Therefore now it has become much more profitable to invest in the cryptocurrency. But unfortunately the cost of bitcoin also falls.

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