At present I do not consider that the Bitcoin fees are high, on the contrary they remain in a good range.
I can agree that we need more development for Bitcoin to make it more usable, I wish Bitcoin to be used in masses. We should not worry because there are developers thinking about it.
We are lucky because we are witnessing great changes in the crypto world.
I was reading this article and BCH can send transactions in two to three seconds or less with Avalanche. A platform that has launched its mainnet. So I think Bitcoin too.
https://news.bitcoin.com/bch-avalanche-transactions-show-finality-speeds-10x-faster-than-ethereum/
Topic: btc transaction fee is way too much and btc transactions are way too slow - page 3. (Read 536 times)
September 24, 2020, 06:56:53 PM
September 24, 2020, 06:44:30 PM
to exchnge btc to fiat is still expensive and doing transactions with btc is expenive also .
to exchnage btc into fiat is allready very expensive and transactions also expensive.... to use fiat curreny its cheaper right now lets look the facts.
to exchnage btc into fiat is allready very expensive and transactions also expensive.... to use fiat curreny its cheaper right now lets look the facts.
Then perhaps only use bitcoin when you really needed to instead of ranting on its 'perceived slowness' that most of us don't feel? No one is forcing anyone to use bitcoin on the daily for transfers of funds and currencies, as it's always a decision that one has to choose depending on a given situation. You can easily transfer millions of dollars worth in BTC without having to go through rigorous checks and insane fees unlike fiat that you are glorifying. Perhaps in small sum transfers, fiat is king, but on high-value transfers? Think again.
September 24, 2020, 06:37:49 PM
Try sending ETH in the Ethereum blockchain, and you'll experience much insane fees compared to BTC. Also, if you're complaining about an issue could you better provide more info and details on the matter, so we can see if there's really a spike in congestion and increase in fees and provide second layer solutions such segwit that confirms transaction in second layer solution (LN) to be exact.
September 24, 2020, 06:32:15 PM
so who and when will solve that problem?
There have been Bitcoin improvement proposals over the years aimed at improving the cost of transaction, such as segwit. Some are in the process of being implemented currently - Schnorr and Taproot.There are personal measures you can take to reduce the fee you spend on transaction;
• Consolidate your small inputs to reduce the size of future transactions
• Use segwit addresses
• Time your transactions so you spend low fees during times when the mempool is clear.
ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
Bitcoin transactions are also way more secure and the network more protected from malicious attacksI am also practicing those personal measures of yours, as sometimes you can't avoid to transact with btc. So as much as possible, reduce your btc fees by observing those tips. I like the last one, time your txs when the mempool is clear, and it will really require you small fees when the mempool is not busy.
Can you transfer $10M for only a fee of $4 or less using your Fiat money transfer systems?
This transaction took place about 30 minutes ago
https://blockchair.com/bitcoin/transaction/d81c45a30d492426da68fb86aea823738b2659ac4984d944a02daa38bd232b63
Wake me up when you have proof that this is possible with fiat systems and banks otherwise stop moaning about bitcoin fees yet in actual sense they are low and fair.
This transaction took place about 30 minutes ago
https://blockchair.com/bitcoin/transaction/d81c45a30d492426da68fb86aea823738b2659ac4984d944a02daa38bd232b63
Wake me up when you have proof that this is possible with fiat systems and banks otherwise stop moaning about bitcoin fees yet in actual sense they are low and fair.
Yes, that's a very good example when you are trying to complain about btc tx fees. You can't do that kind of tx using fiat systems or remittances or banks. And aside from that, they will require you supporting docs.
September 24, 2020, 06:27:37 PM
Can you transfer $10M for only a fee of $4 or less using your Fiat money transfer systems?
This transaction took place about 30 minutes ago
https://blockchair.com/bitcoin/transaction/d81c45a30d492426da68fb86aea823738b2659ac4984d944a02daa38bd232b63
Wake me up when you have proof that this is possible with fiat systems and banks otherwise stop moaning about bitcoin fees yet in actual sense they are low and fair.
This transaction took place about 30 minutes ago
https://blockchair.com/bitcoin/transaction/d81c45a30d492426da68fb86aea823738b2659ac4984d944a02daa38bd232b63
Wake me up when you have proof that this is possible with fiat systems and banks otherwise stop moaning about bitcoin fees yet in actual sense they are low and fair.
September 24, 2020, 06:04:26 PM
so who and when will solve that problem?
There have been Bitcoin improvement proposals over the years aimed at improving the cost of transaction, such as segwit. Some are in the process of being implemented currently - Schnorr and Taproot.There are personal measures you can take to reduce the fee you spend on transaction;
• Consolidate your small inputs of reduce the size of future transactions
• Use segwit addresses
• Time your transactions so you spend low fees during times when the mempool is clear.
lol:Di dont care and i dont have time to learn all of this i rather use just cheaper and faster transaction coin lol:D
or just use my bank account stress free and zero transactions cost segwit and all that things not for people who are old school people all the new shiet there is out there if we start to learn all about all this new innovatavie bs...........then our time will go waste.
sorry to be rude little but im serious person with very serious mind set i just cant tolerate any bs of anything everything should work efficenly and good and most important is quality the btc is not cheap to use and if something like this is so expensive to use it it got to be perfect !
We are free to use whatever crypto we would see fit to us you don't need to drag or point out something that is already obvious to everyone just to convince them to use other crypto or quit on crypto.
September 24, 2020, 05:37:56 PM
The point of Bitcoin is to have money that can't be seized by some third party for whatever reason, and so that centralized companies won't be able to sell or share all your transaction history to whomever asks them. If these things don't concern you, or if you think that it's worth trading them for cheaper transactions, then sure, you're better off using banks. Right now Bitcoin can't compete with banks in everything, but it has its own niche.
September 24, 2020, 05:24:56 PM
How much is that too much for you? Whenever I transact bitcoin these days, I don't find the fees to be that much and it's been always on time for its confirmation. Unlike the Ethereum transactions, the fees are completely high and the confirmation time takes place even for days.
Use lightning network and segwit if you want to pay fees and have a quicker confirmation.
Use lightning network and segwit if you want to pay fees and have a quicker confirmation.
September 24, 2020, 04:42:04 PM
so who and when will solve that problem?
btc transaction fees are way too high!
btc transactions are way too slow!
as im the big fan of fiat money and banks and reason for that becouse i make my transaction with online bank much faster to same bank and with much less fees then i do it with cryptocurrency.
the cost of something what is so hovest should be cheap as possible is way too high and ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
btc transaction fees are way too high!
btc transactions are way too slow!
as im the big fan of fiat money and banks and reason for that becouse i make my transaction with online bank much faster to same bank and with much less fees then i do it with cryptocurrency.
the cost of something what is so hovest should be cheap as possible is way too high and ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
The issue is real so there's no denying! Bitcoin scaling is an issue in reality but there are certain measures in place like Segwit and another much impactful measure in on its way - Lightening Network!
So what we all face today will be eliminated eventually. There are still bugs and vulnerabilities in LN but every new technology faces such issues. Once LN will be up in full scale and with all vulnerabilities solved, bitcoin will surely become the most preferred choice among the cryptocurrencies for transactions.
Also don't compare fiat with bitcoin because an age old system can't be really compared to an 11 years old system.
for the sole purpose of Peer-to-Peer transaction, same goes with its anonymity and irreversible feature which you cant really see on a centralized thing like fiat.Of course there are flaws
but seeing entirely the community, we can presume out that people do still supporting this project for a decade in spite of its cons.@OP, if you do find out that BTC isnt interesting to you then
you can freely leave and stick out with that fiat.
September 24, 2020, 03:49:15 PM
so who and when will solve that problem?
btc transaction fees are way too high!
btc transactions are way too slow!
as im the big fan of fiat money and banks and reason for that becouse i make my transaction with online bank much faster to same bank and with much less fees then i do it with cryptocurrency.
the cost of something what is so hovest should be cheap as possible is way too high and ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
btc transaction fees are way too high!
btc transactions are way too slow!
as im the big fan of fiat money and banks and reason for that becouse i make my transaction with online bank much faster to same bank and with much less fees then i do it with cryptocurrency.
the cost of something what is so hovest should be cheap as possible is way too high and ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
The issue is real so there's no denying! Bitcoin scaling is an issue in reality but there are certain measures in place like Segwit and another much impactful measure in on its way - Lightening Network!
So what we all face today will be eliminated eventually. There are still bugs and vulnerabilities in LN but every new technology faces such issues. Once LN will be up in full scale and with all vulnerabilities solved, bitcoin will surely become the most preferred choice among the cryptocurrencies for transactions.
Also don't compare fiat with bitcoin because an age old system can't be really compared to an 11 years old system.
September 24, 2020, 03:44:14 PM
lol:Di dont care and i dont have time to learn all of this i rather use just cheaper and faster transaction coin lol:D
or just use my bank account stress free and zero transactions cost segwit and all that things not for people who are old school people all the new shiet there is out there if we start to learn all about all this new innovatavie bs...........then our time will go waste.
No one is forcing you to use bitcoin, if you find it beyond your scope in terms of usability then who is forcing you to use it. Since you are a bank rider what is the cost of transacting internationally in different currencies and what are the conversion charges, just compare with bitcoin transaction charges and then debate about it.or just use my bank account stress free and zero transactions cost segwit and all that things not for people who are old school people all the new shiet there is out there if we start to learn all about all this new innovatavie bs...........then our time will go waste.
sorry to be rude little but im serious person with very serious mind set i just cant tolerate any bs of anything everything should work efficenly and good and most important is quality the btc is not cheap to use and if something like this is so expensive to use it it got to be perfect !
It is a new market and the technology is new, if you need improvements it will take a long time and the developers are doing their job finding solutions and it will take time and if you have the skills you can contribute for the development. September 24, 2020, 03:04:40 PM
Have you ever said fiat transaction fee is too high when BTC tx fee was normal like a few cent (considering 1 input and 2 output) for a few hundred thousands USD worth of BTC? No, definitely. So, what I see is you are a fudder.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
to exchnge btc to fiat is still expensive and doing transactions with btc is expenive also .
to exchnage btc into fiat is allready very expensive and transactions also expensive.... to use fiat curreny its cheaper right now lets look the facts.
So what ware you doing here on the crypto bitcoin forum when you think fiat is better than bitcoin. Tell me you need to send money form one country to another, how much you pay the fee ? Do you think Western union and other services work free of cost ?
Bitcoin is still the cheapest way to move the fund quickly and cheaply.
yes it is but for local payments is my own bank transfers:) im in crypto like others ...the destiny have brought me here i got in to crypto :
We still have to use fiat in most of the local payments because the option of using bitcoin is not available at many merchants. You may use bitcoin online where using credit card might be more expensive. Crypto give you more financial freedom as compare to fiat currencies.
September 24, 2020, 02:53:37 PM
Have you ever said fiat transaction fee is too high when BTC tx fee was normal like a few cent (considering 1 input and 2 output) for a few hundred thousands USD worth of BTC? No, definitely. So, what I see is you are a fudder.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
to exchnge btc to fiat is still expensive and doing transactions with btc is expenive also .
to exchnage btc into fiat is allready very expensive and transactions also expensive.... to use fiat curreny its cheaper right now lets look the facts.
So what ware you doing here on the crypto bitcoin forum when you think fiat is better than bitcoin. Tell me you need to send money form one country to another, how much you pay the fee ? Do you think Western union and other services work free of cost ?
Bitcoin is still the cheapest way to move the fund quickly and cheaply.
yes it is but for local payments is my own bank transfers:) im in crypto like others ...the destiny have brought me here i got in to crypto :
September 24, 2020, 02:50:39 PM
Have you ever said fiat transaction fee is too high when BTC tx fee was normal like a few cent (considering 1 input and 2 output) for a few hundred thousands USD worth of BTC? No, definitely. So, what I see is you are a fudder.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
to exchnge btc to fiat is still expensive and doing transactions with btc is expenive also .
to exchnage btc into fiat is allready very expensive and transactions also expensive.... to use fiat curreny its cheaper right now lets look the facts.
So what ware you doing here on the crypto bitcoin forum when you think fiat is better than bitcoin. Tell me you need to send money form one country to another, how much you pay the fee ? Do you think Western union and other services work free of cost ?
Bitcoin is still the cheapest way to move the fund quickly and cheaply.
September 24, 2020, 02:41:56 PM
Have you ever said fiat transaction fee is too high when BTC tx fee was normal like a few cent (considering 1 input and 2 output) for a few hundred thousands USD worth of BTC? No, definitely. So, what I see is you are a fudder.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
to exchnge btc to fiat is still expensive and doing transactions with btc is expenive also .
to exchnage btc into fiat is allready very expensive and transactions also expensive.... to use fiat curreny its cheaper right now lets look the facts.
September 24, 2020, 02:33:18 PM
Have you ever said fiat transaction fee is too high when BTC tx fee was normal like a few cent (considering 1 input and 2 output) for a few hundred thousands USD worth of BTC? No, definitely. So, what I see is you are a fudder.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
BTC tx isn't slow, it works in what way it should be working. Only fee is the thing which get changed regularly.
People are expecting to see a massive change in fee once LN comes into the ground.
September 24, 2020, 02:27:21 PM
The Lightning Organize would basically permit clients to send numerous exchanges to and from exterior of the blockchain. It would work as a moment layer on best of the existing dispersed record arrange that supports the computerized currency.
September 24, 2020, 02:19:06 PM
so who and when will solve that problem?
There have been Bitcoin improvement proposals over the years aimed at improving the cost of transaction, such as segwit. Some are in the process of being implemented currently - Schnorr and Taproot.There are personal measures you can take to reduce the fee you spend on transaction;
• Consolidate your small inputs of reduce the size of future transactions
• Use segwit addresses
• Time your transactions so you spend low fees during times when the mempool is clear.
lol:Di dont care and i dont have time to learn all of this i rather use just cheaper and faster transaction coin lol:D
or just use my bank account stress free and zero transactions cost segwit and all that things not for people who are old school people all the new shiet there is out there if we start to learn all about all this new innovatavie bs...........then our time will go waste.
sorry to be rude little but im serious person with very serious mind set i just cant tolerate any bs of anything everything should work efficenly and good and most important is quality the btc is not cheap to use and if something like this is so expensive to use it it got to be perfect !
September 24, 2020, 02:12:37 PM
so who and when will solve that problem?
There have been Bitcoin improvement proposals over the years aimed at improving the cost of transaction, such as segwit. Some are in the process of being implemented currently - Schnorr and Taproot.There are personal measures you can take to reduce the fee you spend on transaction;
• Consolidate your small inputs to reduce the size of future transactions
• Use segwit addresses
• Time your transactions so you spend low fees during times when the mempool is clear.
ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
Bitcoin transactions are also way more secure and the network more protected from malicious attacks September 24, 2020, 02:04:45 PM
so who and when will solve that problem?
btc transaction fees are way too high!
btc transactions are way too slow!
as im the big fan of fiat money and banks and reason for that becouse i make my transaction with online bank much faster to same bank and with much less fees then i do it with cryptocurrency.
the cost of something what is so hovest should be cheap as possible is way too high and ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
btc transaction fees are way too high!
btc transactions are way too slow!
as im the big fan of fiat money and banks and reason for that becouse i make my transaction with online bank much faster to same bank and with much less fees then i do it with cryptocurrency.
the cost of something what is so hovest should be cheap as possible is way too high and ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
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