Topic: Has the high fees problem changed your behaviour when spending bitcoins? - page 2. (Read 2554 times)
February 28, 2017, 02:17:14 PM
It hasn't changed my behaviour. It only frustrates me because I have to do what I have never done before, check the current fees and the number of transactions in mempool on https://bitcoinfees.21.co/ before I decide to send anything. It makes the operation a little more annoying, because the fees are going up so fast that one month a transaction with 0.0004 fee is completely fine and the next you need 0.0006 or you'll wait 24h...
February 28, 2017, 01:57:11 PM
Personally I'm now less prone to do a btc transaction since the fee market has exploded and blockstream/sidechains aren't really available currently. I was enjoying speding btc with sites like humblebundle, but currently is really a pain. It's just me or you are on the same boat?
Current fees are affordable for me, it just like $0.33, fair enough. But, I'm not sure people will agree if transaction fees always increase as bitcoin price getting bigger as time goes on. The higher fees make sense to get faster confirmation but it should not exceed $0.5 in my opinion. Well, I'm okay with the current fees because I rarely send my bitcoin and love to save it, but devs team really have to solve this problem, stop argue and implement solution. 
February 28, 2017, 01:52:49 PM
BTW, do any of you guys use Coinbase? They don't charge a fee to send bitcoins out from your bitcoin wallet on any amount over 0.0001 BTC. So, basically, sending over 0.0001 bitcoin is free
February 28, 2017, 01:14:59 PM
I've always consedered BitCoin more as a storage of value, not the instrument of value transfer, so it's fine with me. I don't have to make tons of small transactions and when I do need to send some BTC and I need it real quick, I set the fee around 1-2$ and it's coming very fast. But I think if you really use BTC often, like for small payments and so on, increasing fees gotta be pain in the ass.
February 28, 2017, 11:52:10 AM
Well i dont really have a big amount of bitcoins so for me its fine. No fuzz
But i do know that the guys that has tons of bitcoins are all complaining right now because they're paying high transaction fees but still takes several hours for their transactions to get process.
We need an immediate solution for this because this minir issue might get bigger.
But i do know that the guys that has tons of bitcoins are all complaining right now because they're paying high transaction fees but still takes several hours for their transactions to get process.
We need an immediate solution for this because this minir issue might get bigger.
February 28, 2017, 11:45:54 AM
yes definitely my pattern of using bitcoin had changed because previously when transaction fees were relatively low then i used to send even $3 or less not but no chance of doing the same mistake because it takes lot of time even after paying so high fees.
February 28, 2017, 11:40:30 AM
The high fees hasn't changed mine behavior when spending on Bitcoins. I personally think the fees aren't that high.
And the because of the profit the Bitcoin offers like fast and save transferring money, I don't mind paying the fees during a transaction.
And the because of the profit the Bitcoin offers like fast and save transferring money, I don't mind paying the fees during a transaction.
February 28, 2017, 10:53:23 AM
Personally I'm now less prone to do a btc transaction since the fee market has exploded and blockstream/sidechains aren't really available currently. I was enjoying speding btc with sites like humblebundle, but currently is really a pain. It's just me or you are on the same boat?
Although I dont use bitcoin to get basic things as we have no merchant accepting it as a means of payment so we are left with only to convert to fiat before getting anything we want to get. In that regards when it come to fees I try as much as possible to reduce to the barest minimum by not converting every now and then. What I do is accumulate to the point I needed to cash out I just pay the one time fee which is not always too much compared to what I want to get...
That seems to work for me as well, Spending Bitcoins every now and then is a pain in the ass due to increase in transactions fees and a long time to wait to get my transactions confirmed. These issues have made me limit the number of times I make Transactions. Instead, I pay in bulk. Thanks to Electrum Wallet " pay to many " feature. So yes, The high fees made me Change how I make TX(s)
February 28, 2017, 10:46:56 AM
Personally I'm now less prone to do a btc transaction since the fee market has exploded and blockstream/sidechains aren't really available currently. I was enjoying speding btc with sites like humblebundle, but currently is really a pain. It's just me or you are on the same boat?
No it doesn't changed the Behavior of Me because I Like Bitcoin and the Fees is still low as Compare to other Payment Methods like PayPal, Payza and other payment Methods and Also Bitcoin is anoymous and the Other payment methods are not Anoymous and also I Try to do Less Transactions for saving my Money..... 
February 28, 2017, 10:43:01 AM
high fees have a strong influence on the needs of the user, the first is their mentality when trading, and the cost is too high, they may feel depressed because suffer want about big expenses. But if they do not pay high fees, they may have to wait very long for their transactions to be confirmed, it is also a bad thing. I personally think we should limit daily transactions and transactions carried out a week with about higher fees, which will reduce some fees we incur
February 28, 2017, 10:35:04 AM
Personally I'm now less prone to do a btc transaction since the fee market has exploded and blockstream/sidechains aren't really available currently. I was enjoying speding btc with sites like humblebundle, but currently is really a pain. It's just me or you are on the same boat?
Although I dont use bitcoin to get basic things as we have no merchant accepting it as a means of payment so we are left with only to convert to fiat before getting anything we want to get. In that regards when it come to fees I try as much as possible to reduce to the barest minimum by not converting every now and then. What I do is accumulate to the point I needed to cash out I just pay the one time fee which is not always too much compared to what I want to get...
February 28, 2017, 08:21:21 AM
My feeling on Bitcoin isn't any different because of the price change. Bitcoin is just a regular thing that people have on their computers, even if we have to pay a fee for transacting with another user then so be it. I don't use Bitcoin that much yet I feel for the people who didn't get any Bitcoins when the price was low so they have to end up with spending more money to output transactions.
The minimum is around $0.13 right? It isn't that bad right now.
The minimum is around $0.13 right? It isn't that bad right now.
Good to know, we can't really control the price of bitcoin same with the dollars value. So we just need to wait for the moment it will increase or try to focus on investing it than spending a lot.
February 28, 2017, 08:06:25 AM
My feeling on Bitcoin isn't any different because of the price change. Bitcoin is just a regular thing that people have on their computers, even if we have to pay a fee for transacting with another user then so be it. I don't use Bitcoin that much yet I feel for the people who didn't get any Bitcoins when the price was low so they have to end up with spending more money to output transactions.
The minimum is around $0.13 right? It isn't that bad right now.
The minimum is around $0.13 right? It isn't that bad right now.
Good to know, we can't really control the price of bitcoin same with the dollars value. So we just need to wait for the moment it will increase or try to focus on investing it than spending a lot.
February 28, 2017, 07:59:31 AM
My feeling on Bitcoin isn't any different because of the price change. Bitcoin is just a regular thing that people have on their computers, even if we have to pay a fee for transacting with another user then so be it. I don't use Bitcoin that much yet I feel for the people who didn't get any Bitcoins when the price was low so they have to end up with spending more money to output transactions.
The minimum is around $0.13 right? It isn't that bad right now.
The minimum is around $0.13 right? It isn't that bad right now.
February 28, 2017, 07:55:00 AM
Personally I'm now less prone to do a btc transaction since the fee market has exploded and blockstream/sidechains aren't really available currently. I was enjoying speding btc with sites like humblebundle, but currently is really a pain. It's just me or you are on the same boat?
It's changed but I haven't effected any transaction just yet but I plan on sending only bulk transactions at once from henceforth for them to be splitted without having to do them separately.
February 28, 2017, 06:28:52 AM
Personally I'm now less prone to do a btc transaction since the fee market has exploded and blockstream/sidechains aren't really available currently. I was enjoying speding btc with sites like humblebundle, but currently is really a pain. It's just me or you are on the same boat?
We seem to be in the same boat because hitherto was I sending BTC on single bets but it's changed fur the part one week. I now accumulate/parlay more games on one ticket and pay with a single transaction to avoid paying more so I'd say it's changed my way of betting.
February 28, 2017, 05:31:41 AM
My feeling on Bitcoin isn't any different because of the price change. Bitcoin is just a regular thing that people have on their computers, even if we have to pay a fee for transacting with another user then so be it. I don't use Bitcoin that much yet I feel for the people who didn't get any Bitcoins when the price was low so they have to end up with spending more money to output transactions.
The minimum is around $0.13 right? It isn't that bad right now.
The minimum is around $0.13 right? It isn't that bad right now.
Good to know, we can't really control the price of bitcoin same with the dollars value. So we just need to wait for the moment it will increase or try to focus on investing it than spending a lot.
No it hasn't. I personally think that the fees aren't that high and I'm still spending as much on Bitcoins as always.
Maybe one day if the fees are to high for me I will spend less on Bitcoin but not now
. February 28, 2017, 05:02:48 AM
I have started looking at the mem pool size when I make a transaction.
It's not even the fees that bother me, but the fact that a transaction takes that long.
Even transactions with higher fees have taken way longer than I expected them to be, so now I simply don't make the transaction when the pool is full anymore.
It's not even the fees that bother me, but the fact that a transaction takes that long.
Even transactions with higher fees have taken way longer than I expected them to be, so now I simply don't make the transaction when the pool is full anymore.
February 28, 2017, 04:52:39 AM
With the increase in fees i stopped sending single transactions and micro ones and in order to save the transaction fees started sending out transaction in a batch to save the fees. The high fees will kill the micro transaction facility it had and with the price increasing it will be a problem in the future .It will be a wise move if they could handle the issue in its infancy .
February 28, 2017, 04:37:36 AM
The thing is even if higher fees are now imposed, it is still relatively low, that is why there is no significant drop in the total number of transactions that take place. If anything, there’s even an uptick in these figures and we are seeing the transaction number grow by the day. Personally, I wouldn’t mind the transaction fees right now because I only do my transactions every once in a while and with not so high amount, so I am still ok with it. It might be a bit of a bother for those who are used to low fees and fast transactions. But that is a thing of the past now.
Jump to: