Topic: Has the high fees problem changed your behaviour when spending bitcoins? - page 3. (Read 2612 times)
February 28, 2017, 03:00:21 AM
For some they may say that they dont like this thing happening on bitcoin but its not really a big deal to me even though i make some transaction on everyday basis fees doesnt bother me at all because they are just too low to bother you out and also bitcoin does really give convenience regarding money transfer and i treat those fees as nothing.
February 28, 2017, 02:45:22 AM
Well,no,it hasn't influenced how much I spend BTC,the only thing that has changed is if I want the transaction to be confirmed faster I use higher fees-I won't stop spending BTC just because the fees have increased.Although,if this continues for too long,at some point I might consider reducing the number of transactions I make.
February 28, 2017, 02:40:27 AM
yes, i know look more at the size of transaction, and as i said in another post i try to use new wallet to avoid getting many imput and output that woudl increase transaction size
with the lowest possible transaction size you still only pay 40k satoshi, which is affordable, i don't want to pay 100k+ satoshi, which is approaching paypal and make bitcoin look bad...
with the lowest possible transaction size you still only pay 40k satoshi, which is affordable, i don't want to pay 100k+ satoshi, which is approaching paypal and make bitcoin look bad...
February 28, 2017, 02:13:33 AM
Not really. Unless you always receive micro payments or payments from faucets, the fees is still fairly low as compared to the alternatives. As long as you don't accumulate too many small inputs, there should be no reason as to you paying a huge fee for a single payment.
If you worry about it not confirming, just use dynamic fee or similar.
If you worry about it not confirming, just use dynamic fee or similar.
February 27, 2017, 07:52:53 PM
Screw spending bitcoin, I'm done with that. I bought something online last week from a shop that takes bitcoin, and no sooner than my payment went through, bitcoin shot up to $1200. There's absolutely no reason to spend bitcoin instead of cash. I've said it many times before: bitcoin is great to speculate with or as a store of value, but it's horrible as a currency--and its volatility is only one reason. When I bought that item online, my payment was stuck in the blockchain for three fucking days. And they didn't ship it until they got the first confirmation. I am absolutely done with that. It would have been so much easier to use my debit card.
In case you sent the transaction that didn't confirm from your own wallet, why didn't you just cancel the order and make a new one where you double spend the same coins but this time with a higher fee? It would save you so much time.At least you know it for the next time (if you ever happen to use Bitcoin as payment tool again). But you are hitting a right point, in general, fiat offers a much better currency experience when it comes to purchasing things.
Volatility, the fees, the confirmation times, it's all not that much inviting for the average person to make use of Bitcoin while they can do everything much faster with fiat already. This is something that needs to change.
February 27, 2017, 07:34:33 PM
Yes, I think first the fees before spending if it is important or not. Fees from exchanges are high already some are charging almost 50,000 satoshi. But if this is for the betterment of the system, no problem for me at all.If this translate to fast,secure and efficiency.
February 27, 2017, 07:27:10 PM
Screw spending bitcoin, I'm done with that. I bought something online last week from a shop that takes bitcoin, and no sooner than my payment went through, bitcoin shot up to $1200. There's absolutely no reason to spend bitcoin instead of cash. I've said it many times before: bitcoin is great to speculate with or as a store of value, but it's horrible as a currency--and its volatility is only one reason. When I bought that item online, my payment was stuck in the blockchain for three fucking days. And they didn't ship it until they got the first confirmation. I am absolutely done with that. It would have been so much easier to use my debit card.
February 27, 2017, 07:20:23 PM
it did change my behaviour when I send bitcoins,mostly
I don't like to be asked to pay 0.001 bitcoin fee for a 0.07 btc transaction (almost 1.5%) and then wait for it to go through for additional 3-12 hours
and I pity those who rely on microtransactions,people who are using faucets,PTC or other ways to earn bitcoins online
they suffer huge setbacks because of the fees-their multiple dust payments take up a lot of space and therefore cost way too much for this
sort of moneymaking (if you can call it so) be worth the time spent
I don't like to be asked to pay 0.001 bitcoin fee for a 0.07 btc transaction (almost 1.5%) and then wait for it to go through for additional 3-12 hours
and I pity those who rely on microtransactions,people who are using faucets,PTC or other ways to earn bitcoins online
they suffer huge setbacks because of the fees-their multiple dust payments take up a lot of space and therefore cost way too much for this
sort of moneymaking (if you can call it so) be worth the time spent
Why won't they send these spam transactions via one of hundreds of alts which have zero fees? Not like they need bitcoin's security for sending $1... Convert into some alt with shapeshift and use that.
February 27, 2017, 06:51:26 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?
Transaction fee affects my transactions alot in terms of transferring my balance into ontehr wallet. I have to fund huge amount in my wallet in order to lessen that fee, hence I can't withdraw all of my balance. However, it's still better unlike usd wallet that most of transaction were canceled sometimes with no reason. I would rather to oay higher fee for the security of my money and its convience. February 27, 2017, 06:29:10 PM
I feel wasting my money to send my transaction in bitcoin, the fee lately has stop me from spending bitcoin, if it is possible i try to reduce my bitcoin transaction and keep holding it as investment, i want to see whether there will be any changes to the fee in the future
February 27, 2017, 05:31:41 PM
it did change my behaviour when I send bitcoins,mostly
I don't like to be asked to pay 0.001 bitcoin fee for a 0.07 btc transaction (almost 1.5%) and then wait for it to go through for additional 3-12 hours
and I pity those who rely on microtransactions,people who are using faucets,PTC or other ways to earn bitcoins online
they suffer huge setbacks because of the fees-their multiple dust payments take up a lot of space and therefore cost way too much for this
sort of moneymaking (if you can call it so) be worth the time spent
I don't like to be asked to pay 0.001 bitcoin fee for a 0.07 btc transaction (almost 1.5%) and then wait for it to go through for additional 3-12 hours
and I pity those who rely on microtransactions,people who are using faucets,PTC or other ways to earn bitcoins online
they suffer huge setbacks because of the fees-their multiple dust payments take up a lot of space and therefore cost way too much for this
sort of moneymaking (if you can call it so) be worth the time spent
February 27, 2017, 10:08:56 AM
Well, it's not just the fees, it's also the inconvenience and unreliability, we always have to check if the network is congested and if it is wise to make a transaction at that moment and will it confirm, low value transactions are a no go.
I just stopped making bitcoin transactions.
I just stopped making bitcoin transactions.
February 26, 2017, 03:46:54 PM
Use bitcoin only for alt coin buy. Hate this high fee.
February 26, 2017, 03:20:06 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?
I don't believe in wasting money on unnecessary high transactions fees.
So been using Eth & LTC & Doge to transfer Funds between exchanges instead of BTC.
(Cheaper & Faster, and I just convert to BTC on the exchange if needed and avoid the BTC Transaction Fees & Delays altogether.)
Maybe this is the best solution, but one should stick just with the major alt-currencies for the sake of stability with price, otherwise daily spending could be really a pain
February 26, 2017, 03:04:40 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?
I don't believe in wasting money on unnecessary high transactions fees.
So been using Eth & LTC & Doge to transfer Funds between exchanges instead of BTC.
(Cheaper & Faster, and I just convert to BTC on the exchange if needed and avoid the BTC Transaction Fees & Delays altogether.)
February 26, 2017, 02:52:53 PM
High fee problems does not changed my behavior when spending Bitcoin. Even though I agree that the fee hurts specially when you are having a transaction in different time of a day since you will be spending alot of satoshi each send. But I guess there is nothing a simple user can do about it but to follow the rule of transaction.
February 26, 2017, 12:00:31 PM
yes exactly high feees is making problem for me. while last few days back i wanted to buy a web domain for $1.2 but while I did the transaction it cost me $1.6 and even it was too late and I was fustrated for that
February 26, 2017, 11:43:16 AM
I don't mind high(er) fees if they slow rates of btc exchange & help unconfirmed transactions over the long term.
This could give people incentive to be more efficient with transactions and that could go some ways towards addressing the unconfirmed transaction issue over the long term.
This could give people incentive to be more efficient with transactions and that could go some ways towards addressing the unconfirmed transaction issue over the long term.
February 26, 2017, 11:03:10 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?
Yes it has changed the way i am now doing spending not often, once in a while only when i need i do or else i now convert it to fiat currency and spending my expenses. More over for my sports betting now i have to chose the correct game to bet if not i just dont take risk due to high transaction fees and transaction delay problem.
February 26, 2017, 10:58:05 AM
Spending bitcoin have been given pause for a short time period. Most of the spending is on gambling websites which doesn't need confirmation but by the end of the event the confirmation helps on the speedy transaction of the won amount. Even now gambling is not a wise decision because the increased price makes us loss heavily.
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