Bitcoin mempool is less congested now and because of that the transaction cheaper. The reason Bitcoin was having a high transaction fee for a couple months is that Bitcoin attacked by the spam attack. Currently, the transaction back to normal. I believe it could help increase adoption, and also it made people realize that Bitcoin is unsustainable in the future when the adoption is increased and the transaction being crowded.
Thanks to the rough day, it made people urgently need to find the solution. Because of that Lightning network and Segwit implementation is born.
Topic: BTC transaction fees is going down. - page 33. (Read 4218 times)
How it can help the current market?? Share your logic please .
It will help through the way that those who are considering other crypto's for sending will now stay to bitcoin.And there's no need to convert it first into an altcoin, lesser effort and less hassle so everyone will have to stay in bitcoin transactions. Volumes will become higher than ever and there will be no more people that will cry about the high fees of bitcoin.
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 will be the good news for the bitcoin traders , including myself.When the price of bitcoin is expected to raise more,the price of bitcoin transaction fee will reduced.So we have two good news,one is the price of bitcoin will increase and transaction fee of bitcoin is reduced.
It will be right from the perspective of a btc trader. When the tax on the transaction will be reduced, we will be able to provide it independently. And there will be an increase in its profits. New investors will also benefit from profit than of more profits.
....
Yes traders have never bothered about transaction fee.Lower transaction fee would help bitcoin once again to get accepted as payment.
We could remember those days when some companies just withdrew accepting bitcoin payments due to very high transaction fee.
Yes traders have never bothered about transaction fee.Lower transaction fee would help bitcoin once again to get accepted as payment.
We could remember those days when some companies just withdrew accepting bitcoin payments due to very high transaction fee.
of course, I didn't mean to say lower fees never help bitcoin. it is obvious that when fees are lower there is a much bigger incentive for people to spend their coins and merchants to accept it as payments and all that will contribute to more adoption of bitcoin and finally a higher price. there is no argument there...
however what I meant to say was that traders that are already in never changed their attitude towards the market because of the higher fees. of course everyone was angry about it but they still continued buying bitcoin and price went from about $6000 to $20000 during that high fee period.
From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash.
are you joking or are you actually serious about this? bitcoin transaction fees have never been high except for a short couple moths that the spam attack was at its most serious. in fact this spam attack ended nearly 6 months ago and fees were normal and low ever since.
Quote
It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .
the "market" and the "traders" have never cared about the fees based on what they have shown during the fee ATH which was at the same time as the biggest price rise.
We could remember those days when some companies just withdrew accepting bitcoin payments due to very high transaction fee.
This is a good news. The high mining fees has been one of the negative part of Bitcoin and also the time it takes to complete a bitcoin transactions. If the fees has come down then one of the problems of bitcoin is solved hoping that it will be sustained.
From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash.
are you joking or are you actually serious about this? bitcoin transaction fees have never been high except for a short couple moths that the spam attack was at its most serious. in fact this spam attack ended nearly 6 months ago and fees were normal and low ever since.Quote
It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .
the "market" and the "traders" have never cared about the fees based on what they have shown during the fee ATH which was at the same time as the biggest price rise.
Same here. I don't care about the fees. If that is what it takes for me to transfer my Bitcoins, then so be it. I have been getting a lot of blessings from this invention. I cannot ask for more. And I notice that the mindset of a lot of true Bitcoin supporters are like this. Bitcoin's bullish growth all through the years is a hard proof of this. Of course, there are disadvantages such as you cannot use Bitcoin to pay for your can of soda. There is always a room for improvement.
From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash.
are you joking or are you actually serious about this? bitcoin transaction fees have never been high except for a short couple moths that the spam attack was at its most serious. in fact this spam attack ended nearly 6 months ago and fees were normal and low ever since.Quote
It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .
the "market" and the "traders" have never cared about the fees based on what they have shown during the fee ATH which was at the same time as the biggest price rise.
It is an excelent news for all the bitcoin traders /bitcoiners.
because each time one bitcoiner recieves bitcoin..and later on while he has to do transaction his coin.to someones wallet to sell it......or donate.. he paid a big amount of bitcoin usually.. but if the transaction fee became less then many people will do transaction freely and...its amount will also increase..and all bitcoiners will get a fantastic.....attraction and also the newers.
because each time one bitcoiner recieves bitcoin..and later on while he has to do transaction his coin.to someones wallet to sell it......or donate.. he paid a big amount of bitcoin usually.. but if the transaction fee became less then many people will do transaction freely and...its amount will also increase..and all bitcoiners will get a fantastic.....attraction and also the newers.
Well I think it will help only those who are engaged in arbitration, and is engaged in a large number of small payments in bitcoins.
Due to lower transaction fees (see here history chart: https://bitcoinfees.info/ ) it becomes more lucrative to pay smaller ammounts in btc.
So bitcoin itself becomes more lucrative to noninvestors, however this can only be good, or am I missing a point?
So bitcoin itself becomes more lucrative to noninvestors, however this can only be good, or am I missing a point?
Hi, I think this is good news for those who trade bitcoins. If you are lower commission, then there will be more trade.
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 .
Jump to: