Damn fees! - page 5. | Bitcointalksearch.org

crzy

full member

Activity: 2128

Merit: 180

Quote from: felipe04 on December 25, 2017, 03:35:43 PM

Just wait a little more i think everything gonna be alright like the fork this august 1 btc drop 65% and it almost gone but it's back 120% up.Don't make transaction if you can't accept the fees then make after this problems in fees,nothing gonna happen if you always think negative about bitcoin atleast plan to make big transaction instead a small so even if transaction fees are really high you can still has good and big amount of transaction.

It will surely back in normal after the last fork this year. The fees is really high, but if you think the possible return of your investment that is just a small amount. Bitcoin is really amazing and it will bounce back even higher. Its in history and it will surely repeat it.

SMB-2525

full member

Activity: 195

Merit: 100

OK, I reran my transaction by buying Ethereum and it confirmed essentially instantly.
BTC confirmed after over 2 hours.

So the transaction model is if your trading partner takes an altcoin that your exchange supports is to convert to the altcoin and run the transaction.

BTC is a long term store of value, I am happy to put my liquid cash there even for a few weeks and take it out when I need it.

FreelancerCoin

copper member

Activity: 126

Merit: 0

https://www.freelancercoin.io

I think alternative will take a place of bitcoin that there are more faster transaction with lower commission fees.

Rayner77

newbie

Activity: 84

Merit: 0

Quote from: Youghoor on December 25, 2017, 05:27:47 PM

Quote from: Dani33 on December 25, 2017, 02:00:40 PM

The fees are so high i was looking for a good exchange with less fees, for the moment i know that pay with credit card is more expensive than a bank transfer

Yes of course, but that is not an excuse for doing payments with bitcoin. The price of the fees is insane right now.

It has been more than two weeks since i dont move my bitcoins out because of that.

Do you really think that paying upto $40 for a single transaction is worth it? Of course not, that is why i try to avoid using bitcoin for now.

I totally agree that $40 is a crazy amount and this is honestly getting ridiculous for me as well. Sad

Youghoor

sr. member

Activity: 1036

Merit: 275

Quote from: Dani33 on December 25, 2017, 02:00:40 PM

The fees are so high i was looking for a good exchange with less fees, for the moment i know that pay with credit card is more expensive than a bank transfer

Yes of course, but that is not an excuse for doing payments with bitcoin. The price of the fees is insane right now.

It has been more than two weeks since i dont move my bitcoins out because of that.

Do you really think that paying upto $40 for a single transaction is worth it? Of course not, that is why i try to avoid using bitcoin for now.

SMB-2525

full member

Activity: 195

Merit: 100

I keep a little BTC on coinbase for transactions.
I realize now that I have to convert to Ethereum or Litecoin for transactions.
More transaction fees.
I launched a small BTC transaction an hour ago with a .00225 fee: I do not control this on coinbase. No confirmations and the fee was 10%. I was hoping for fast turnaround. At these fees and turnaround times, I might as well use fiat.

170,000 unconfirmed transactions. At 15 per second, we are closing 54,000 per hour.

I should add that my liquid cash is sitting in BTC in coinbase. So even with the high fees I am up on holding fiat. The problem is when I want fast turnaround. So far, that is not possible so I wil lstart accumulating some etherium.

felipe04

full member

Activity: 308

Merit: 100

Just wait a little more i think everything gonna be alright like the fork this august 1 btc drop 65% and it almost gone but it's back 120% up.Don't make transaction if you can't accept the fees then make after this problems in fees,nothing gonna happen if you always think negative about bitcoin atleast plan to make big transaction instead a small so even if transaction fees are really high you can still has good and big amount of transaction.

FreelancerCoin

copper member

Activity: 126

Merit: 0

https://www.freelancercoin.io

The one of the big problem in the bitcoin market is too high commission fee.

I think alternative will take a charge of bitcoin position soon.

Fappanu

sr. member

Activity: 1111

Merit: 255

Quote from: spngebob on December 25, 2017, 01:45:37 PM

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

I really think that the reason why bitcoin transaction fee is increasing is because of the increase in bitcoin price. Bitcoin price is rapidly increasing it even grew a lot just this year. It's really expensive to transfer bitcoin from one wallet to another, that is why it is really advisable to transfer in bulk instead of chunks. I have tried to pay a fee that costed $20 and the amount of bitcoin that I transferred was just $50. So, I really think it's not worth to transfer in small amounts.

moli1

full member

Activity: 182

Merit: 118

Hit BTC Introduces Deposit Charges to Deal With High Bitcoin Fees..
The cryptocurrency exchange HitBTC has notified its clients that they need to pay a new fee to deposit bitcoin into the platform.
This move might be replicated by more exchanges in time as they try to find ways to cope with the high fees on the network other than not accepting new clients or advising their existing ones to use litecoin or bitcoin cash instead.

Anyobsss

full member

Activity: 784

Merit: 135

DeFixy.com - The future of Decentralization

Is there really a particular reasom why bitcoin transaction fee has become that big. Few days ago i transferred my funds and have to pay 100 usd worth of btc just so my funds can be approved and transferred.

Back to the topic, yes you should tell it to them first that btc transaction fee has become huge because they will learned it anyway why there btc have become 40~50 usd worth of btc when they bought 100 usd. It's better to tell them beforehand.

zenrol28

copper member

Activity: 896

Merit: 110

Just hold their bitcoins til the fee crisis ended. I'm sure after the fees subsided bitcoin's price will be higher than today and will give you profit. It's a waiting game, if you're impatient, you'll lose.

sobriket

full member

Activity: 144

Merit: 100

Honestly, if you are going to buy $100 or $150 worth of bitcoins, dont do it ,it is not even worth it.
If you want to have some bitcoins buy at least one thousand dollars worth of it, otherwise the fees are going to eat all your money.

szpalata

sr. member

Activity: 686

Merit: 253

Quote from: Captain_Planet on December 25, 2017, 02:10:17 PM

Well if you play (buy and sell) bitcoin for that amount then you will suffer with a huge fee as you explained. You should buy other crypto then sell them in any exchange for bitcoins, and later when you want to sell that amount of bitcoin then buy any other crypto, for example, litecoin or Ether and then sell that one for the fiat currency to gain profits.

Yes the fees are on the ever increasing ride and the earlier people start using wallets where they could have the chance to fund transactions at fees of their choice the better for them because the online wallet companies are profiting immensely from these trades on the market.

ashrobb

newbie

Activity: 27

Merit: 0

Fees and slow transfers are killing BTC.

dreamer81

sr. member

Activity: 616

Merit: 252

Just let them HODL. it will be fixed in 2018... but another coin will be much more interesting, and that is litecoin. It'll be the preferred coin for transactions!! thus price will be much closer to 1000 USD

Darmanin

member

Activity: 119

Merit: 10

Glab Trotter

stop making transfers in BTC and the price will finally drop

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: spngebob on December 25, 2017, 01:45:37 PM

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

You will need to explain that to them or they are going to blame you forgot giving them all the information, explain to them that bitcoin can be spammed similar to what happens to emails, explain to them that some solutions are already underway but that if they want to get in bitcoin now, that is something they will have to deal for some time.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: spngebob on December 25, 2017, 01:45:37 PM

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

Now fees completely ridiculous if you buy the bitcoins with the cash you have also you cannot be able to keep the bitcoins in the same exchange wallet itself. However you need to give security for changing the bitcoins to desktop wallet or cloud storage which is best place to keep safe your bitcoins. So you need to bear the fees for the transaction so buy high amount bitcoins than you wish than you can bear the fees. If you okay to wait for sometime do that please wait for a week fees will be reduced.

Captain_Planet

full member

Activity: 448

Merit: 102

Well if you play (buy and sell) bitcoin for that amount then you will suffer with a huge fee as you explained. You should buy other crypto then sell them in any exchange for bitcoins, and later when you want to sell that amount of bitcoin then buy any other crypto, for example, litecoin or Ether and then sell that one for the fiat currency to gain profits.

Topic: Damn fees! - page 5. (Read 803 times)