Topic: BTC transaction fees is going down. - page 7. (Read 4218 times)
If the fees of bitcoin are going down its mean that the transaction in bitcoin is low and lower than usual. and I think it has a positive effect and negative effect, the positive is we can send bitcoin with low fee. the negative is where is all transaction? why do they not send the bitcoin as usual? is the price of bitcoin will go down more and more because of this situation?
Price of bitcoin is down just because people are losing their trust in bitcoin due to disappointment and lost bitcoin gave htem. Even at this stage if bitcoin fees would be high people must have start withdrawing their investment in rage.
When the price of bitcoin is expected to rise higher, the price of bitcoin transaction costs will decrease. After all, it's good for business because it encourages consumer spending wherever it's available.
This will be good news for traders and bitcoin users,
This will be good news for traders and bitcoin users,
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 .
There are several new technologies which (hopefully) will reduce fees in the near future. In the meantime, don't use coinbase. They have terrible practices which inflate fees and on top of that they appear to jack up transfer fees charged to users and pocket the extra. Short term you can transfer your funds to gdax and send from there for free. Long term, consider a different exchange.
I am also very confused about the current bitcoin situation. Only big investors can help bitcoin back. We can only promote the advantages of bitcoin to the community to increase the user.
good news, hopefully in the future more and more people will be interested in transacting with BTC, because the costs are affordable compared to having to transact via an overseas bank which of course takes a huge amount of money in administration
That is good news but actually I don't care about Bitcoin transaction fee however big trader people do not care about fee. Because if we have crazy about transaction fee then how we can start trading? Bitcoin fee just few and few it's not to get doubt.
This will encourage us we bitcoiner to transact business without panicking about transaction fees. We can do so very easily without limit simply because it very low as compare to before. This will also encourage new investors and encourage the people to invest more in bitcoin.
It is really a big news because the transfer fee was really big and that is why people don't get the interest to transaction through but now every one will do this.
I think it is the best news because most of the users are complaining about this fact and now they are happy and I must say it will increase the user of bitcoin.
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.Either way it is good for business as it encourages consumer spending wherever it is available.
This news is really wonderful. This news is a ray of hope for investors in this difficult time bitkoyna. Now investors can conduct transactions using bitcoins at a lower price than before, and than any other coins on the market. Such news will have a positive impact on demand for bitcoins. Therefore, we can hope that bitkoyn will experience a price increase because of this.
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.
Thanks to the rough day, it made people urgently need to find the solution. Because of that Lightning network and Segwit implementation is born.
It's indeed a big help for bitcoin transactions that it went on the lightning network which I think contributed a lot to make this happen. As lightning network made the normal transaction more faster because of its underlying technology. And segwit2x from reducing the high fees that we experienced for the previous years.
And I know as we go along the way, major issues will be resolve even there will some that it might occur. And mass adoption will within our fingertips.
The reason for this is because bitcoin market price fall down. The bitcoin transaction fees will depend on the market price for bitcoin with the corresponding percentage. If the market price for bitcoin is high then definitely the transaction fee is high.
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 .
In my view, a lot of trader are more interesting to send their funds by using another coin rather than bitcoin, it is because the fee of sending another coins are cheaper then bitcoin. So thats why bitcoin transaction is less than before. And also make the fees going down
This news is really wonderful. This news is a ray of hope for investors in this difficult time bitkoyna. Now investors can conduct transactions using bitcoins at a lower price than before, and than any other coins on the market. Such news will have a positive impact on demand for bitcoins. Therefore, we can hope that bitkoyn will experience a price increase because of this.
Of course Bitcoin trading will decrease but its new limit, if the charge drops to the lowest there will be some bad effects on it.
because the price of BTC is now increasing, no one can confirm that and try to respect everyone who needs a very cheap transaction from small to large and there will be no mistake at all.
it is good,not too many transactions done and spam on the transaction, if only it happened may be the fee will go back up, but now people are more save their money bitcoin in their wallet than to do transaction for something unnecessary!
The high cost of transactions scares many people. Therefore, they lose interest in cryptocurrency. If this cost is lowered, there will be only a positive effect.
Exactly, when the cost is too high it is only worth the storage and speculation, people will not choose it for online payments. Limitations are huge in currency circulation. Jump to: