Topic: bitcoin transaction fees has put me out of business - page 2. (Read 1186 times)
But if you don't give such a transaction fee then your trade will become dangerous, and those merchants believe Bitcoin is because it is a freely generated coin from the Internet, not artificially produced, it is free!
If you real want to do business or want to be good invest do not be discouraged by btc transaction fees. However, you can trade in ETH. The transaction fees of ETH is very low. Also, by trading in ETH you will get the same result or amount but low transaction Fees.
When the fees of the bitcoin is very high when bitcoin become very high Im very angry on that day because every single transaction that I've made cost fee is more than 10-20 dollars and I hope after few months the transaction fee is decreasing slowly and now Im happy now because bitcoin fee is now low.
So it means of the that if the bitcoin transaction fees was low you can send any transaction you want even what ever many pieces transaction that you going to transact.
I hope this fee will be stable to use other bitcoin to other business.
If the fee would able to sustain when bitcoins price is on the peak then this would be good but this wont be possible as long the LN isn't there yet. Similar situations would really happen if bitcoins price tends to rise up just like what happened on December last years.So it means of the that if the bitcoin transaction fees was low you can send any transaction you want even what ever many pieces transaction that you going to transact.
I hope this fee will be stable to use other bitcoin to other business.
I know right! The fee is really insane right now, my advice to OP is avoid micro transaction. If you really need to do micro transaction use altcoins like that have a low fee like dogecoin. It's more better than spend much money on the fees. We can't do anything about the fees though.
Although it can be high transaction fees. But it does not belong to any bank. And it's exclusive transactions. Helps users to quickly transact and mitigate risks. That is a good thing for investors and the user community. Just one thing of it is safe and convenient that is the top purpose.Due to high transaction fee, I think bitcoin should be used in huge trading. In case of small trading between users, it will be wasted for high fee.
It is the biggest issue of BTC this time, obviously somebody believes in another coin with faster and lower fee, like ETH.
As a modern business person, there is now nothing more practical than using Bitcoin. For you to face high fees and slow transactions, trading solely on Bitcoin or Crypto is very risky. So there should be another payment method that will not cost you money.
I think bitcoin transactions have shipping costs that are usually requested by several markets and are used to pay in the blockchhain system for shipping.
The only people who are currently benefiting from bitcoin transactions now are the miners, the transaction fees are insane,,
so many businesses which use to depend on bitcoin have close down because tx fee is eating all profits and putting people at loss..
i usually do paxful an purse stuff buying giftcards and shopping for people in exchange for btc. it usually works just fine but not with the current tx chargers
am also a merchant who buys and sell locally in my country ,,, same thing tx chargers has moved me outa business
i usually shop for people buying them all kinds of stuff but now due tx chargers i charge very hing and no one is willing to deal with again
,
,
,
and the list continues..
my question is why can't merchant website accept at least one other crypto for people to make their choice. there are other coins out there with very small tx chargers which suits everyone example bcc ltc ,,, if merchant start accepting alts then everyone will start accepting too,, i only deal in bitcoins because that is what everyone around me is willing to accept,,
why do we keep suffering from problems who's solutions are already there??..
Everything has gotten back to being alright this time around cause the transaction fees are low now unlike it was around December 2017. Many people really went crazy because of the high transaction fees then, and I was really angry about that cause I can remember that I had to pay almost $50 for a transaction of my monthly $200. I’m just happy that everything is okay right now. so many businesses which use to depend on bitcoin have close down because tx fee is eating all profits and putting people at loss..
i usually do paxful an purse stuff buying giftcards and shopping for people in exchange for btc. it usually works just fine but not with the current tx chargers
am also a merchant who buys and sell locally in my country ,,, same thing tx chargers has moved me outa business
i usually shop for people buying them all kinds of stuff but now due tx chargers i charge very hing and no one is willing to deal with again
,
,
,
and the list continues..
my question is why can't merchant website accept at least one other crypto for people to make their choice. there are other coins out there with very small tx chargers which suits everyone example bcc ltc ,,, if merchant start accepting alts then everyone will start accepting too,, i only deal in bitcoins because that is what everyone around me is willing to accept,,
why do we keep suffering from problems who's solutions are already there??..
Transaction fees apply to debit and credit card payments as well, you have to allow for and build into your selling price the cost of the transaction fees. The fees for card payments can be very steep and there is a big disadvantage with them in that they can be disputed and your money withheld by card companies. So just build in a margin for transaction fees.
Maybe on the business side the transaction fee is high, but for a normal transaction what we provide as a fee is not that big. Also the transactions were getting confirmed much faster, and very rarely it gets stuck to the network when there is a large number of transactions stuck to the network.
Any team out there to set a control on it though we spend only the transaction fees? Just not sure about it, hence posting doubts here not to harm anyone. At times the traffic delays the transactions and we need to wait. Hope the situation gets changed.
You know it is difficult to fight the bitcoin transaction fees. What i mean is we have nothing to do about transaction fees because if you don't want to pay it simply don't make a transaction.We are still thankful that we can trade and earn money out of bitcoin even transaction fees is too high even we are against it.
I am finding it very hard to believe in this as this cannot be true.
When the fees of the bitcoin is very high when bitcoin become very high Im very angry on that day because every single transaction that I've made cost fee is more than 10-20 dollars and I hope after few months the transaction fee is decreasing slowly and now Im happy now because bitcoin fee is now low.
So it means of the that if the bitcoin transaction fees was low you can send any transaction you want even what ever many pieces transaction that you going to transact.
I hope this fee will be stable to use other bitcoin to other business.
If the fee would able to sustain when bitcoins price is on the peak then this would be good but this wont be possible as long the LN isn't there yet. Similar situations would really happen if bitcoins price tends to rise up just like what happened on December last years.So it means of the that if the bitcoin transaction fees was low you can send any transaction you want even what ever many pieces transaction that you going to transact.
I hope this fee will be stable to use other bitcoin to other business.
I know right! The fee is really insane right now, my advice to OP is avoid micro transaction. If you really need to do micro transaction use altcoins like that have a low fee like dogecoin. It's more better than spend much money on the fees. We can't do anything about the fees though.
Although it can be high transaction fees. But it does not belong to any bank. And it's exclusive transactions. Helps users to quickly transact and mitigate risks. That is a good thing for investors and the user community. Just one thing of it is safe and convenient that is the top purpose.Due to high transaction fee, I think bitcoin should be used in huge trading. In case of small trading between users, it will be wasted for high fee.
I know right! The fee is really insane right now, my advice to OP is avoid micro transaction. If you really need to do micro transaction use altcoins like that have a low fee like dogecoin. It's more better than spend much money on the fees. We can't do anything about the fees though.
Although it can be high transaction fees. But it does not belong to any bank. And it's exclusive transactions. Helps users to quickly transact and mitigate risks. That is a good thing for investors and the user community. Just one thing of it is safe and convenient that is the top purpose.Due to high transaction fee, I think bitcoin should be used in huge trading. In case of small trading between users, it will be wasted for high fee.
When the fees of the bitcoin is very high when bitcoin become very high Im very angry on that day because every single transaction that I've made cost fee is more than 10-20 dollars and I hope after few months the transaction fee is decreasing slowly and now Im happy now because bitcoin fee is now low.
So it means of the that if the bitcoin transaction fees was low you can send any transaction you want even what ever many pieces transaction that you going to transact.
I hope this fee will be stable to use other bitcoin to other business.
So it means of the that if the bitcoin transaction fees was low you can send any transaction you want even what ever many pieces transaction that you going to transact.
I hope this fee will be stable to use other bitcoin to other business.
I really suffered last week with the fees and the trasaction time it consumed. Its was ok to accept the high trasaction fees when the bitcoin price was high, but of course now its pethetic. Waiting for this issue to get solved to move further with bitcoin trasactions. I am sure current bitcoin correction and the price increase down the line should really make a positive move with trasaction fees gets reduced. Hope this solves the issues.
But now after the price falls drastically you don't see the mempool full at all at anywhere. If you believe the transaction fee is so hard to you still there is option segwit there for you. Its available on the wallets such as exodus, electrum and green address.
Transaction fee is around the wallet what ever you use will very much cheap so far hence you may utilise it well here.
I know right! The fee is really insane right now, my advice to OP is avoid micro transaction. If you really need to do micro transaction use altcoins like that have a low fee like dogecoin. It's more better than spend much money on the fees. We can't do anything about the fees though.
Although it can be high transaction fees. But it does not belong to any bank. And it's exclusive transactions. Helps users to quickly transact and mitigate risks. That is a good thing for investors and the user community. Just one thing of it is safe and convenient that is the top purpose. Bitcoin it's been such a trend that should be tried, many are currently using bitcoin, because it is considered more practical and can be used as an investment in the future
I really suffered last week with the fees and the trasaction time it consumed. Its was ok to accept the high trasaction fees when the bitcoin price was high, but of course now its pethetic. Waiting for this issue to get solved to move further with bitcoin trasactions. I am sure current bitcoin correction and the price increase down the line should really make a positive move with trasaction fees gets reduced. Hope this solves the issues.
But now after the price falls drastically you don't see the mempool full at all at anywhere. If you believe the transaction fee is so hard to you still there is option segwit there for you. Its available on the wallets such as exodus, electrum and green address.
Transaction fee is around the wallet what ever you use will very much cheap so far hence you may utilise it well here.
You probably must have not read it clearly and performed smartly.
It is one of the most secure businesses and if this is putting you out of business then something is wrong.
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