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Topic: Did you notice? Bitcoin transaction fees are very low now compared last months. - page 2. (Read 340 times)

jr. member
Activity: 224
Merit: 1
Wow with this fee BTC can use to shopping  Grin
sr. member
Activity: 530
Merit: 250
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You managed to contradict yourself in just two lines.
The fees are lower now than when bitcoin was at 6k,as obviously there is no correlation between price and fees.
The only thing that matters is the number of transactions waiting in the mempool.

Yes the fees are very low now. The number of transactions have reduced reduced a lot.

There is some corelation because when Bitcoin went up to 20k it was in the news and lots of newcomers started coming into bitcoin and both no. of transactions and the fees increased.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Your ignorance of law of supply and demand shows after making your statement. The fees will always be proportional to the value of Bitcoin. Nobody is dictating the fees.

And you're one fine example of ignorance.

1 June 2017 , average fee 4$ , BTC price 2.3k$
1 October 2017 , average fee 2.5$ , BTC price 4.3k$
1 December  2017, average fee 6$, BTC price 10 k$  
1 January 2018, average fee 24$, BTC price 13.5 k$  
Right now, average fee 3$...BTC price 10 k$  

What is proportional here?

full member
Activity: 294
Merit: 104
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
Did you notice that BTC fees are very, very low? To send some money from ledger and paid only 10 cents for fees!
It was few dollars just 4-5 weeks ago.
This is great for whole community.
Here are you few links where you can check current transaction fees:
1) Almost all time low: https://blockchain.info/charts/transaction-fees?timespan=all
2) This is maybe even better chart: https://blockchain.info/charts/transaction-fees-usd?timespan=all
What could be the reason for this? Lighting Network is not reason because it is still in test phase and once it get implemented we will be able to send huge money for few cents and it will be crypto paradise!
In my opinion, the main reason is Segwit. Few days ago we got info from Coinbase that they are going to start using Segwit. It looks like others did the same. At the moment, we have very strong BTC. Very low fees, I will check speed of transactions but even with slow transactions it is better then it was few days/weeks/months ago.

Source: Hero Pumps telegram group

What do you think? Any other reasons for this less fee?


Your ignorance of law of supply and demand shows after making your statement. The fees will always be proportional to the value of Bitcoin. Nobody is dictating the fees.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
Source: [ u rl=https :// t.me/HERO_Pumps]Hero Pumps[/url] telegram group

What do you think?

i think you should stop "following" and "advertising" pump and dump groups because they never end well for you. doesn't matter if you are the newbie follower of these scammers or if you are the scammer pumper themselves. you all will be dissolved by a big whale or a bigger group with more experience.
full member
Activity: 1218
Merit: 105
Did you notice that BTC fees are very, very low? To send some money from ledger and paid only 10 cents for fees!
It was few dollars just 4-5 weeks ago.
This is great for whole community.
Here are you few links where you can check current transaction fees:
1) Almost all time low: https://blockchain.info/charts/transaction-fees?timespan=all
2) This is maybe even better chart: https://blockchain.info/charts/transaction-fees-usd?timespan=all
What could be the reason for this? Lighting Network is not reason because it is still in test phase and once it get implemented we will be able to send huge money for few cents and it will be crypto paradise!
In my opinion, the main reason is Segwit. Few days ago we got info from Coinbase that they are going to start using Segwit. It looks like others did the same. At the moment, we have very strong BTC. Very low fees, I will check speed of transactions but even with slow transactions it is better then it was few days/weeks/months ago.

Source: Hero Pumps telegram group

What do you think? Any other reasons for this less fee?


Some said that the fees became lower because less people are using it, maybe the fees are getting higher because there are many people using it and miners had a hard time doing transactions.

I agree. I think the value of the transaction fees reflects more on the traffic. Maybe it's because most people are holding? However, the prices has been slightly increasing, so evidently, the current traffic is enough to move its value.

The demand on bitcoin for now are few that's why the fees are dramatically low for now. The moment that the demand for bitcoin is high again, I thinks the fees will start to fly high again just like what happened on the previous year. You're correct the more traffic on bitcoin blockchain the more higher the fees are and vise versa to low traffic on the network.  Smiley
full member
Activity: 602
Merit: 107
Yeah, fees are pretty reasonable. Costs like $1 to transfer or even less Smiley Looking forward to Lightning Network update!
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
Yes,I have noticed and the fee for single transaction is less than a dollar now this is because there are only 8000 unconfirmed transaction on the memepool,so the fee is only based on the number of unconfirmed transactions.
It will be more better if everyone start to use segwit address since the transaction will be more faster than the legacy address so we can keep the number of unconfirmed transaction at less.
full member
Activity: 266
Merit: 100
Nobody wants to pay high fee for the transaction so it is good that Bitcoin transaction fees should be low so that more and more people would join this community.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
I think the reason why fees are very low now is because bitcoin price are low, if the bitcoin price are going higher again for sure the fees are also high. For now the price of bitcoin are going up again but the fees are still low and i think its good.

You managed to contradict yourself in just two lines.
The fees are lower now than when bitcoin was at 6k,as obviously there is no correlation between price and fees.
The only thing that matters is the number of transactions waiting in the mempool.

Did you notice that BTC fees are very, very low?

Some of us saw that 10 days ago...
https://bitcointalksearch.org/topic/byebye-clogged-mempool-byebye-huge-tx-fees-2900547
member
Activity: 93
Merit: 10
Yes. I have seen the most of wallet Bitcoin transaction fee is very low. It's happen due to down Bitcoin price and also mining. Because there is no make too much transaction so minner also become low difficulty. That transaction fee now acceptable. But before one month it was out of control.
member
Activity: 196
Merit: 12
★Bitvest.io★ Play Plinko or Invest!
Did you notice that BTC fees are very, very low? To send some money from ledger and paid only 10 cents for fees!
It was few dollars just 4-5 weeks ago.
This is great for whole community.
Here are you few links where you can check current transaction fees:
1) Almost all time low: https://blockchain.info/charts/transaction-fees?timespan=all
2) This is maybe even better chart: https://blockchain.info/charts/transaction-fees-usd?timespan=all
What could be the reason for this? Lighting Network is not reason because it is still in test phase and once it get implemented we will be able to send huge money for few cents and it will be crypto paradise!
In my opinion, the main reason is Segwit. Few days ago we got info from Coinbase that they are going to start using Segwit. It looks like others did the same. At the moment, we have very strong BTC. Very low fees, I will check speed of transactions but even with slow transactions it is better then it was few days/weeks/months ago.

Source: Hero Pumps telegram group

What do you think? Any other reasons for this less fee?


Some said that the fees became lower because less people are using it, maybe the fees are getting higher because there are many people using it and miners had a hard time doing transactions.

I agree. I think the value of the transaction fees reflects more on the traffic. Maybe it's because most people are holding? However, the prices has been slightly increasing, so evidently, the current traffic is enough to move its value.
full member
Activity: 546
Merit: 100
CryptoTalk.Org - Get Paid for every Post!
I think the reason why fees are very low now is because bitcoin price are low, if the bitcoin price are going higher again for sure the fees are also high. For now the price of bitcoin are going up again but the fees are still low and i think its good.
full member
Activity: 504
Merit: 102
Did you notice that BTC fees are very, very low? To send some money from ledger and paid only 10 cents for fees!
It was few dollars just 4-5 weeks ago.
This is great for whole community.
Here are you few links where you can check current transaction fees:
1) Almost all time low: https://blockchain.info/charts/transaction-fees?timespan=all
2) This is maybe even better chart: https://blockchain.info/charts/transaction-fees-usd?timespan=all
What could be the reason for this? Lighting Network is not reason because it is still in test phase and once it get implemented we will be able to send huge money for few cents and it will be crypto paradise!
In my opinion, the main reason is Segwit. Few days ago we got info from Coinbase that they are going to start using Segwit. It looks like others did the same. At the moment, we have very strong BTC. Very low fees, I will check speed of transactions but even with slow transactions it is better then it was few days/weeks/months ago.

Source: Hero Pumps telegram group

What do you think? Any other reasons for this less fee?


Some said that the fees became lower because less people are using it, maybe the fees are getting higher because there are many people using it and miners had a hard time doing transactions.
full member
Activity: 994
Merit: 138
I think this is good, we do not need to pay expensive fees when sending. but the speed of the transaction with a low cost should take a longer time. when I send a bitcoin to buy an item, I have to add a fee for a faster delivery in order for my purchase to be processed immediately.
sr. member
Activity: 490
Merit: 251
Did you notice that BTC fees are very, very low? To send some money from ledger and paid only 10 cents for fees!
It was few dollars just 4-5 weeks ago.
This is great for whole community.
Here are you few links where you can check current transaction fees:
1) Almost all time low: https://blockchain.info/charts/transaction-fees?timespan=all
2) This is maybe even better chart: https://blockchain.info/charts/transaction-fees-usd?timespan=all
What could be the reason for this? Lighting Network is not reason because it is still in test phase and once it get implemented we will be able to send huge money for few cents and it will be crypto paradise!
In my opinion, the main reason is Segwit. Few days ago we got info from Coinbase that they are going to start using Segwit. It looks like others did the same. At the moment, we have very strong BTC. Very low fees, I will check speed of transactions but even with slow transactions it is better then it was few days/weeks/months ago.

Source: Hero Pumps telegram group

What do you think? Any other reasons for this less fee?
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