Has the high fees problem changed your behaviour when spending bitcoins? - page 4.

manselr

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Quote from: alexrossi on February 26, 2017, 07:10:53 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?

Not really, I always treated bitcoin as gold, since I can buy anything I want with fiat so why would I bother wasting bitcoin on stupid crap I don't really need when it will only keep appreciating in the future?

Fiat = mundane shopping
Bitcoin = savings

Nahl

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i'm the type person who not too much spend my bitcoin and only for important things always and indeed high fees has so annoying because if everyday i send my bitcoin several times which mean the fees also killing me but and i think it is yes these high fees has changed my behaviour when spending my bitcoin

vnvizow

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Well the fees are still relatively low compared to fiat transactions, so not much effect on spending at least IMO

nikona

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Quote from: alexrossi on February 26, 2017, 07:10:53 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?

On the same boat. Localbtcoins are charging 0.00036 as fees now even if you transfer just 0.005btc. Which I think is pretty high fees and the fees has been the same for the past couple of weeks. Now I have switched from LBTC to multibit to keep my small volume of BTC.

dothebeats

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Have been enjoying buying games and steam wallet from steam until this very recent hassle from the transaction fees. I am still using bitcoins for some purchases but I'm thinking of just halting it for the mean time since it's really a pain in the ass paying for almost a dollar in fees just to have one $5 transaction confirmed within a single block.

alexrossi

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Another thing that I notice is the increased difficulty when the confirmations aren't showing in a decent amount of time. In the case of humble bundle, they were even accepting unconfirmed transaction, now there is a persistent hold status that isn't very clear on the buyer side, like, you buy a digital item and don't know in how many hours you will be able to have it.

ranochigo

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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.

Red-Apple

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Quote from: alexrossi on February 26, 2017, 07:10:53 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, you are not alone. we are all angry about the situation. every time i want to send a transaction and worst of all when i receive a transaction i have to worry about fees and how long it is going to take to confirm. we are so lucky that Viabtc is offering their awesome service to us users. i honestly don't know what i would have done without it, they saved me for multiple times with multiple transactions that i was receiving.

webtricks

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Quote from: alexrossi on February 26, 2017, 07:10:53 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?

I hardly face such problem. One can send and spend bitcoin free of fees through web wallets like Coinbase and transactions get confirmed very fast too.
By the way major reasons for increase in Bitcoins fee is impatience of people. They wanna confirm their transactions as soon as possible which has created an unnecessary increase in mining fees

Senor.Bla

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Yes and no, but more yes. Even if some people feel that the fees are still low for the service compared to the non Bitcoin competition, i do not like to pay more then necessary. And the fees are unnecessary high, just because we can not decide on how to scale. So i try to not make transactions or accept to wait longer. But i will pay premium if need be, then i do not care much about the fees and a quick and safe transfer has priority.

LeGaulois

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It hasn't changed a lot for me with the fees problem, even if I am not so happy. I try to anticipate when i need to buy something, mainly services.
So if let's say I need to get something on monday the i purchase it on saturday on sunday. Still i really hope this problem will disappear as soon as possible, because it is very boring right now. As for when i am buying bitcoin, it makes no differrence for me as long i don't need them in urgence.

Mometaskers

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Not much. I really don't buy stuff with my bitcoins, I just hold them and withdrawals to fiat are very seldom. I use this for sending and receiving money too but since the bitcoin address I'm sending to/receiving from is also from the same exchange there's no fee. I suppose this would have made me more cringey had I been using a different wallet but I really don't have enough worth guarding so I'm fine with this set-up. I'll probably continue using this as a hot wallet even when I progressed to other wallet types.

Denker

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No my behaviour hasn't changed.
The payments I'm doing with Bitcoin are still absolutely cheap regarding the fees compared to credit card or other payment networks.
So for me it's still absolutely worth it using Bitcoin and paying the average fee ore some more, even if it is 50+ cent.

KuromaYoichi

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Quote from: alexrossi on February 26, 2017, 07:10:53 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?

I'm the same as you, usually i use my bitcoin to buy games at humblebundle and maybe steam or csgo keys from someone, but the increase fee definitely reduce it, the other thing is waiting for confirmation time. The amount of small transaction that i do definitely reduced now.

BitcoinHodler

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nope

i am still a bitcoin hodler who keeps buying more bitcoin each week or every other week with any money that i have and i don't need and then hodl it. the withdrawal fee of my exchange service has not yet changed so it doesn't affect me transferring those coins to my cold storage...

and as far as other usages go, it has not yet changed me. but mostly because this hasn't been going on for long.

canah17

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Quote from: alexrossi on February 26, 2017, 07:10:53 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?

Same here bro! we are in a same boat here. It was very happy when i earned my bitcoin and storing it for some of the things that i wanted to buy but now when i spend it in paying the bills and fees its really heart breaking and the worst part of it is my fees are certainly high and the transaction of it not my style >.< but good thing in the internet its really easy to earn bitcoin but its hard to lose it when you work hard for it and you have not enough bitcoin for you Cry

talkbitcoin

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well, yes and no to be honest.

surely i am less willing and less happy to use bitcoin as a payment because of the high fees that i do not like at all. but at the same time, there are some stuff that i still want to do with bitcoin.
such as my investment, and trading that i do.
or paying for my VPN service, or renewing my domain names or gambling. but if fees continue going up and transactions continue taking up too long, i can't continue using bitcoin this way.

Zadicar

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Well I don't bother at all regarding on TX fee since I don't make any transactions frequently and if I do some TX I just pay up high fee but I don't bother to pay for it since it's just really a small fee rather than other money transfers,bitcoin is much better.

aso118

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Quote from: alexrossi on February 26, 2017, 07:10:53 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 definitely has. Once upon a time, I used to send transactions with *zero* fees, since the inputs were old and the transaction was a high priority one. That seems like ages ago to me. Now a days, I am very careful while using bitcoins and have basically stopped using them for micro transactions.

SFR10

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"No" since mostly(since before), I've used the appropriate fees and the difference with recent events is minimal in my case, therefor my behavior hasn't changed. From my observation, majority of users that I see complain nowadays, are those that used to put a fee lower than recommended (and got used to it since it did the trick) and they see the current situation as a big change rather than a step climb in fees.

Topic: Has the high fees problem changed your behaviour when spending bitcoins? - page 4. (Read 2612 times)