BTC transaction fees is going down. - page 14.

Topaz72

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Quote from: Ng93 on July 09, 2018, 11:31:03 AM

Quote from: ClaytonLWils on June 01, 2018, 05:36:39 AM

From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .

I can say that miners (those who mine) are not very happy with this news. Of course, for ordinary users this is good news, they will now spend less money when transferring bitcoins.

Same as you I think bitcoin transaction fees will be reduced and it will be famous all over the world, too, reduction in the transaction fees is really a good news for us, if the transaction fees of bitcoin will be down then bitcoin will be preserve for long term, I really like bitcoin because it does not charge us higher than the other transactions, so it is really a great news for all of the investors and traders.

Liaalif

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the decrease in bitcoin transaction costs is inseparable from the decline in bitcoin prices, so I think that's a natural thing because of its logic when bitcoin prices rise I'm sure the value of transaction costs will also rise

etron

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of course, it is clear that when the costs are lower there is a much greater incentive for people to spend their coins and merchants to accept it as payment and all that will contribute to more bitcoin adoption and ultimately higher prices but what I mean is that traders who have never changed their attitude toward the market due to higher costs. of course everyone is upset about it but they still continue to buy bitcoins and prices change from about $ 5000 to $ 20000 during high cost period.

Ng93

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Quote from: ClaytonLWils on June 01, 2018, 05:36:39 AM

From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .

I can say that miners (those who mine) are not very happy with this news. Of course, for ordinary users this is good news, they will now spend less money when transferring bitcoins.

Punit kumar

newbie

Activity: 63

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This is a good news for those who trade bitcoins and healthy sign for the market.When the price of bitcoin is expected to raise more and the price of bitcoin transaction fee will reduced.

mdzahed134

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Quote from: ClaytonLWils on June 01, 2018, 05:36:39 AM

From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .

yeah,it's great news i think.Basically i used Blockchain & Coinbase that's why i make transactions from those two wallet.BTC transaction fee was always higher now last few days it something reduced.If coinbase transaction fee was all-time lower from blockchain.Same thing in ETH transaction fee is higher in any amount of transaction.

userclix

newbie

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Reduced transaction fees will probably boost demand for Bitcoin as well as the technology that underpins it. Reduced fees may very well encourage businesses to explore/implement the technology actively across their sector. Obviously this is not to say that other factors such as organisational and technical hurdles would get in the way, but it is a foreword step which will can only boost implementation.

aliichaudhary

newbie

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It will increase the minors rate. It will also increase the development. Also a good for bitcoin society.

Serious Miner

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Yes, I noticed too that Bitcoin Transaction fee and time is going to down gradually. In 2017, I have faced several issues with Bitcoin transaction time. But now it seems okay to me. I hope day by day bitcoin transaction fees and time will be reducing. If that happens then more investor, Companies will come on the bitcoin network.

Chris BENNETT

newbie

Activity: 19

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I think need a relationship between speed and price if the transaction costs are low then his transaction will be slow,
so if his transaction costs are high, then his transaction will be fast, I very often do it.

muneeb.zain

newbie

Activity: 140

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This is definitely a good news for the people who pay through bitcoin around the globe and it's also for the new investors and also good for the starters which start with the small amount.and this is definitely play an important part in the growth of the bitcoin.

Sithara007

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Quote from: allthingsluxury on July 05, 2018, 12:38:40 PM

Overall, this is a good thing and was something that needed to happen. Bitcoin was certainly becoming very sluggish in December.

LOL... December was like Armageddon.... I remember paying as much as $40 in transaction fee for a single transaction. Two years earlier, I was paying $0.02 on average for each of my transactions.

allthingsluxury

legendary

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Overall, this is a good thing and was something that needed to happen. Bitcoin was certainly becoming very sluggish in December.

kingkonjac

member

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the transaction fees and the speed of them play crucial role on determining the adoption and usage of btc as a currency. I hope the recent down of fees will make more transfer and circulation in market resulting in higher liquidity.

honey7

newbie

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Its good for people who trade in bitcoins. This way more new people will enter in crypto trading.

Globalrobin00

newbie

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Rockkey

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Now, compared to the ethereum, bitcoin has very cheap transactions. If the development team can not solve the problem with the transaction price for network users, this can lead to the fact that the price of the ethereum may stop growing. And people will begin to sell the etherium and buy bitcoin. A new wave of rising bitcoin prices will start.

mithungee

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This is True, and this is unquestionably extremely productive for us Bitcoin dealers, in light of the fact that with the cost of shabby bitcoin exchange we don't need to stress over paying excessively for Bitcoin exchanges. on the off chance that we need to send Bitcoin to another trade will surely be more enjoyable with the cost that has now been diminished.

daoquanghuan

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Quote from: ClaytonLWils on June 01, 2018, 05:36:39 AM

From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .

Currently, transaction fees are very cheap due to the low trading volume in the market. In times when the market peaked at the end of 2017, the transaction volume increased sharply to nearly $ 50. In the future, when the market rebounds, then the transaction volume will increase, hope the new update of bitcoin will solve this problem.

Gyugita

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Every bitcoin transaction fee is fixed, but its value is always changing as it follows from the bitcoin price itself which is always changing.

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