Topic: I think we are greedy (Read 5733 times)
I totally concur. The expenses need to drop, plain and straightforward. For individuals holding as an individual speculation - charges don't make a difference, yet for the general population utilizing Bitcoin on an everyday premise it's a genuine undeniable irritation. One of the primary reasons individuals started raving about Bitcoin and every last bit of it's marvels in any case was on the grounds that it had low expenses
I think that people should try to hold onto their Bitcoin more if they really are complaining about the transaction fee. If the price of Bitcoin goes up about a hundred dollars or so, the transaction fee would be a little less if person knows how to go with the trend. Trading with leverage wouldn’t be that tough to do because the chart would usually have an upright signal and only those that didn’t know about Bitcoin while putting money into would lose a whole lot of money.
I don't think transacting a bitcoin, worth $2500 or so would have a transaction fee less than the current fee and with the current price of $2100. The higher the price of bitcoin, expect a higher fee, and you don't need to complain about it, you just need to go with it if you don't want to make your transaction stuck there forever.
I think that people should try to hold onto their Bitcoin more if they really are complaining about the transaction fee. If the price of Bitcoin goes up about a hundred dollars or so, the transaction fee would be a little less if person knows how to go with the trend. Trading with leverage wouldn’t be that tough to do because the chart would usually have an upright signal and only those that didn’t know about Bitcoin while putting money into would lose a whole lot of money.
Taking and making profit is one thing but the too high fees is daylight robbery. We all thought Bitcoin would have some transparency and help change people's lives, but miners and whales should stop being TOO greedy as this will put many newcomer off, so in the end they will lose out if the price of Bitcoin doesn't rise as it should.
One way or another, it was very clear from the beginning that fees would increase throughout the years -- that's why it doesn't come as a surprise to me. The only thing that did somewhat surprise me, is the way how we have reached the current hight of tx fees. I remember people were freaking out when there were 50k unconfirmed transactions, and then 100k, and then 150k, and now 200k. What's next 300k? 400k? It's insane how this spam continues to grow in size.
You want to know what is the perfect cure and solution for the problem Op described? Wait for the future where you won't have to use bitcoin exchanges anymore.
Every service and merchant will be accepting direct bitcoin payments so these ridiculous fee will disappear. Until then, just pick an exchange with the best possible fee structure.
Good thing there is plenty of exchange to choose from.
Every service and merchant will be accepting direct bitcoin payments so these ridiculous fee will disappear. Until then, just pick an exchange with the best possible fee structure.
Good thing there is plenty of exchange to choose from.
Taking and making profit is one thing but the too high fees is daylight robbery. We all thought Bitcoin would have some transparency and help change people's lives, but miners and whales should stop being TOO greedy as this will put many newcomer off, so in the end they will lose out if the price of Bitcoin doesn't rise as it should.
There is nothing wrong in that. We humans are greedy and selfish by nature no matter how much someone tries to deny that. We want profit everywhere. Investing in bitcoin is sheer profit making investment. Why wouldn't I save a single penny out of it. There is a rage in people because of the high fees in bitcoin. This is because not everyone here buys 1 BTC. Here most of the people are just buying and seeling somewhere between 0.01-0.2 btc. So yes, for them this is the matter of rage.
Yeah almost all of us are getting greedy in buying and stocking bitcoins at our wallet using our own fiat which exchange sites used to earn money from us who is buying,abusing the huge demand to make huge money
BTC is supposed to be better than these, that's number one. so of course it's fine to be angry if we see something like a weakness in BTC, Also these fees are for example a wire transfer between banks to deposit BTC, Not inside the same network..
If you think about it, bitcoin is still cheaper than Payza, PayPal etc... but people here need something better, this is my opinion at least.
If you think about it, bitcoin is still cheaper than Payza, PayPal etc... but people here need something better, this is my opinion at least.
I'm a big fan of bitcoins and the like, but the fees are really too much now, particularly with how fees are mobile. I would be more satisfied if the fees are static since nobody can cut in the line, but right now even if I was much earlier. I would have to see people with more fees passing by and getting confirmed if I use the old standards 0.0001 (and will probably expire before confirming).
it's not exorbitantly expensive but it's still high and I agree it's acceptable and better than fiat or PayPal's fees -in most cases with medium sized merchant transfers-. but it's still annoying particularly for something that was supposed to be small.
Anyway it's a BIG problem for anyone doing mini-tx's, which is one of the fields BTC is heavily advertised in.. and even if you collect hundreds of them together, you would still need to pay 2xxs/b
Anyway it's a BIG problem for anyone doing mini-tx's, which is one of the fields BTC is heavily advertised in.. and even if you collect hundreds of them together, you would still need to pay 2xxs/b
There is no greedy word in the business world, because the guidelines used are to generate maximum profits without harming anyone, competitive jobs will be fair if struggling and achieving abundant results in trading, bitcoin fluctuations that occur are also fair because it is done in the trading market, we It is necessary to estimate the ongoing price and our activities support bitcoin for long runs.
You're right, we're here to race for the better. Well, we all aim for something supreme, and if we are not greedy, then have you will be fed by others. Well, the fastest he won, I think it's like the law of the jungle.And what's wrong with that? I want money, too. I want to make my life a comfor and free. I do not like the fact that because of poverty I must eat not the best food and live in a small house. I'm not greedy, I care about my future
There is no greedy word in the business world, because the guidelines used are to generate maximum profits without harming anyone, competitive jobs will be fair if struggling and achieving abundant results in trading, bitcoin fluctuations that occur are also fair because it is done in the trading market, we It is necessary to estimate the ongoing price and our activities support bitcoin for long runs.
You're right, we're here to race for the better. Well, we all aim for something supreme, and if we are not greedy, then have you will be fed by others. Well, the fastest he won, I think it's like the law of the jungle.
Be a bitcoin enthusiast and importantly be an Indian citizen, 30% premium on all major exchanges, it means when Coinbase crossed $2300, it was $3000 equivalent of ₹ in India. Too much greed, let me correct robbing, nope looting. Coinbase and Xapo and most of other exchanges does not have buy/sell option for India. Other overseas exchanges are cashing it on now, pay by credit card, pay the FEMA (below the limit, it's free), cover the taxes, "Clean as a virgin's honeypot." These Indian exchanges are going to get under hammer soon.
Correct me if I'm wrong, China started this practice right?
But yes, its too much greed for this kind of exchangers. Profits are for them for picking. Its just a matter of time when Indian Central bank will find this kind of activity and get hammer soon. But for now we can't do anything about it but to what they it unfolded in front of our eyes.
There is no greedy word in the business world, because the guidelines used are to generate maximum profits without harming anyone, competitive jobs will be fair if struggling and achieving abundant results in trading, bitcoin fluctuations that occur are also fair because it is done in the trading market, we It is necessary to estimate the ongoing price and our activities support bitcoin for long runs.
You're right, we're here to race for the better. Well, we all aim for something supreme, and if we are not greedy, then have you will be fed by others. Well, the fastest he won, I think it's like the law of the jungle.
Be a bitcoin enthusiast and importantly be an Indian citizen, 30% premium on all major exchanges, it means when Coinbase crossed $2300, it was $3000 equivalent of ₹ in India. Too much greed, let me correct robbing, nope looting. Coinbase and Xapo and most of other exchanges does not have buy/sell option for India. Other overseas exchanges are cashing it on now, pay by credit card, pay the FEMA (below the limit, it's free), cover the taxes, "Clean as a virgin's honeypot." These Indian exchanges are going to get under hammer soon.
Depends where you are and what exchanges are you using and what means of deposit are your trying.
Some exchanges have no deposit fees at all, but maybe you are not lucky enough to have one of them in your country
Most of exchangers charge in buying btc through fiat. In my country, we don't pay fee for exchanging bitcoin to fiat. I hope all of exchangers do the same thing as what we have now. Some exchanges have no deposit fees at all, but maybe you are not lucky enough to have one of them in your country
There is no greedy word in the business world, because the guidelines used are to generate maximum profits without harming anyone, competitive jobs will be fair if struggling and achieving abundant results in trading, bitcoin fluctuations that occur are also fair because it is done in the trading market, we It is necessary to estimate the ongoing price and our activities support bitcoin for long runs.
You're right, we're here to race for the better. Well, we all aim for something supreme, and if we are not greedy, then have you will be fed by others. Well, the fastest he won, I think it's like the law of the jungle.
There is no greedy word in the business world, because the guidelines used are to generate maximum profits without harming anyone, competitive jobs will be fair if struggling and achieving abundant results in trading, bitcoin fluctuations that occur are also fair because it is done in the trading market, we It is necessary to estimate the ongoing price and our activities support bitcoin for long runs.
You're right, we're here to race for the better. Well, we all aim for something supreme, and if we are not greedy, then have you will be fed by others. Well, the fastest he won, I think it's like the law of the jungle. 
There is no greedy word in the business world, because the guidelines used are to generate maximum profits without harming anyone, competitive jobs will be fair if struggling and achieving abundant results in trading, bitcoin fluctuations that occur are also fair because it is done in the trading market, we It is necessary to estimate the ongoing price and our activities support bitcoin for long runs.
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