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Topic: BTC transaction fees is going down. - page 32. (Read 4218 times)

sr. member
Activity: 658
Merit: 250
June 01, 2018, 12:25:56 PM
#34
thankfully if transaction costs are going down, when situations like this many people who suffered losses due to butcoin and altcoin simultaneously decreased
newbie
Activity: 14
Merit: 0
June 01, 2018, 12:19:20 PM
#33
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 .

Absolutely a good news for those participants and bitcoin trading companies!
newbie
Activity: 36
Merit: 0
June 01, 2018, 12:17:59 PM
#32
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 .

This is a temporary decrease in the price for BTC transactions. As soon as the market returns to the mark, the peak of the price, the cost of the transaction will again grow
member
Activity: 336
Merit: 10
June 01, 2018, 12:05:52 PM
#31
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 .
Yes ofcourse but as well as Bitcoin price is also down.....And the transaction fees varies from wallet to wallet...as like blockchain,Green wallets are having low transaction fees while jaxx wallet is having high transaction fees..
sr. member
Activity: 798
Merit: 250
June 01, 2018, 11:36:12 AM
#30
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 .
Bitcoin's transaction fees are quite low, but the charge from the Exchange is still high, not suitable for small transactions.
member
Activity: 120
Merit: 10
June 01, 2018, 11:34:16 AM
#29
According to me, it caused by the price of bitcoin that little bit down from month ago, it is influence the fee of transaction in bitcoin. But when the price is going up again, i'm sure the fee also will be higher again than now. Anyway, i think it is good news for trader and investors.
jr. member
Activity: 482
Merit: 3
June 01, 2018, 11:30:55 AM
#28
It's a good to read about this. It creates more confidence as transactions would be confirmed within seconds after execution rather than waiting for hours and a times days before getting one's asset.



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 .
sr. member
Activity: 714
Merit: 250
June 01, 2018, 11:22:25 AM
#27
Actually we can always set the number of fees for each of our transaction. But unfortunately some of online wallet and exchange sites are apply flat fee. For example, just look at hitbtc, it also apply flat fee for withdrawal. It isn't good.
sr. member
Activity: 1134
Merit: 342
June 01, 2018, 11:10:25 AM
#26
As the number of transactions decreases, it is normal for fees to fall. We can see that the number of transfers has decreased considerably recently. When the price increases, the transaction fees will start to increase.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
June 01, 2018, 11:08:15 AM
#25
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 dont know where did you get this,because transaction fees issue increased just last december to january and other than that bitcoin transaction is lower.would you mind sharing what do you mean by this?

Because i cant answer youre second question if theres nothing really to answer
member
Activity: 224
Merit: 10
June 01, 2018, 11:04:29 AM
#24
Because there are fewer people using bitcoin, the money is being transferred faster.
But this is not a good thing, which means the BTC is being marginalized.
full member
Activity: 284
Merit: 100
June 01, 2018, 11:02:35 AM
#23
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 .

It is really better for the bitcoin traders especially to those newbies who are going to trade small amounts. because before when a newbie trader transacts it money it costs a high amount because that time the fees are higer but now that it reduces, it is a good news for all traders. Well, I think about the market is it will stay still. It will not crash or anything because many traders who waited for this time to happen would now pay for these fees and transacts more in the market.
member
Activity: 308
Merit: 17
June 01, 2018, 10:51:29 AM
#22
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 .
bitcoin prices that tend to decline for the moment is one of the factors that cause transaction costs for bitcoin to decline. I think this is good news because it will certainly increase the crypto market in the future. but it does not rule out that transaction costs on bitcoin will increase as the bitcoin price increases again.
full member
Activity: 560
Merit: 105
June 01, 2018, 10:46:35 AM
#21
the cost of sending bitcoin is reduced and towards very cheap because bitcoin prices are decreasing and are being collapsed, just imagine if bitcoin becomes very expensive and very high bitcoin demand is definitely bitcoin can be very solid transaction.
full member
Activity: 336
Merit: 100
June 01, 2018, 10:16:38 AM
#20
Of course, it must be done because the price of bitcoin is going down, if it is done can make tradder blurred and frustrated to see bitcoin prices are down and costs remain expensive.
maybe the cost will rise back after the bitcoin price goes up and it will not be in the taste of the bitcoin holders.
copper member
Activity: 482
Merit: 1
June 01, 2018, 10:11:55 AM
#19
This is a good news for bitcoin users, investors and the crypto community. It will help increase bitcoin users and build confidence in using it for payment processes. This is one of the development that's is needed to perfect bitcoin for general usage.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
June 01, 2018, 09:05:35 AM
#18
The fees has been reduced for months now, where are you getting your information from? The lowest possible fee is about 5 satoshi/byte which is the case for months now. If you use Segwit, the fees should be near negligible.

It doesn't improve Bitcoin's market position. It's touted as a currency that has a lower fee than most payment processors and that is what is expected of it. It's still by no means a currency that can be used to transact however. The only time fees has affected the prices is in the midst of the spam attack, and that's about it.
member
Activity: 364
Merit: 10
June 01, 2018, 09:00:44 AM
#17
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 .
Yes, this will probably be a good news for the trader. People will use trading more than usual. But most exchanges have to reduce trading fees, So new exchanges can attract new trader use their exchanges
full member
Activity: 378
Merit: 103
June 01, 2018, 08:52:16 AM
#16
this is really a good news.. many people complain about high fees and uses other currencies to trade instead of bitcoin.. but this will again rise the value of bitcoin Wink
jr. member
Activity: 667
Merit: 1
June 01, 2018, 08:48:57 AM
#15
This is really a good news and development.  It will increase the number of bitcoin users and increase transaction rate. It will help the miners and increase transaction confirmation speed.
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