Somehow no, because there are some companies that their transaction charge are too high but at the end we have no right to compelled with them; since business is business.
I think we should thankful somehow since all their transaction charge is just a small thing from all their efforts to make your money grow.
Topic: Is bitcoin transaction fees fair? - page 15. (Read 36260 times)
The thing that I know is bitcoin transactions now is not advisable. Even Steam stopped supporting bitcoin as a payment because transaction fees are higher than the product itself.
I think it's fair if you have a big transaction on the blockchain. I am okay with that transaction fee that they (market exchange) impose as long as the transaction time is fast and the blockchain will not leave your transaction unconfirmed because that's the unfair thing to me.
That is why it is really important that we make it sure that we will not be going to have several transactions - we should plan when to transact and make it sure that we do it with a bigger amount of btc. I would rather hold btc and use fiat money for day to day financial transactions.
I think it's fair if you have a big transaction on the blockchain. I am okay with that transaction fee that they (market exchange) impose as long as the transaction time is fast and the blockchain will not leave your transaction unconfirmed because that's the unfair thing to me.
Why wouldn't it be fair? It isn't something that is chosen randomly by miners I don't think it is based off the price of bitcoin. Since bitcoin keeps rising it only makes sense that transaction fees do to. It is unfortunate because it makes btc harder to trade especially if you send smaller amounts but I am sure with this project on the cusp of a trillion dollars next year they can easily solve this problem.
That is true - when the price of bitcoin is going high, the amount of transaction fees in btc is just the same but the corresponding value of it is big when the price is high. Hence, nothing really change and all you have to do is to transact less as much as you can.
I am not sure if this is good. But I keep doing this everytime.
If I want to send Bitcoins to someone, instead of sending them Bitcoin, I buy crypto with low mining fee for like DOGE, LTC or BCH. Then I send it to them in the form of other altcoin.
If I want to send Bitcoins to someone, instead of sending them Bitcoin, I buy crypto with low mining fee for like DOGE, LTC or BCH. Then I send it to them in the form of other altcoin.
Great idea - and it may will be a future wave to use altcoins to avoid higher fees for Bitcoin. Someone needs to put up a frequently updating website that lists the fees for transactions on the top 20 or so altcoins and bitcoin.
It is totally unfair now. I hope bitcoin position will be replaced with another coin soon.
Why wouldn't it be fair? It isn't something that is chosen randomly by miners I don't think it is based off the price of bitcoin. Since bitcoin keeps rising it only makes sense that transaction fees do to. It is unfortunate because it makes btc harder to trade especially if you send smaller amounts but I am sure with this project on the cusp of a trillion dollars next year they can easily solve this problem.
it is natural that bitcoin transaction fee will get higher because bitcoin value has raised that we not expected.bitcoin transaction is fair in my opinion .
Current BTC transaction fee kill micropayments and gave this niche business to altcoins sadly.
because the price is high, so you have to be careful if you want to sell can be a higher cost of money you get.when i send small transaction , i feel the fee is cost much.
but if i send a lot bitcoin , i think the fee is fair.
this problem affected because bitcoin price is more higher , the fees feeling expensive but still same like old when the bitcoin price not high.
like i send some bitcoin from livecoin to my local exchangers , its cost 0.001 btc fees , i think its too expensive for small amount transaction , 0.001 equivalent $14 , this cost much for small amount transaction , maybe some exchanges will have a good performance for sending low transaction fees and cost more low for transaction lower than $50-100 , and more high fees for higher transaction like $1000-5000
To be fair, the price is just the same, however, it becomes or seems bigger because we are thinking of its corresponding value in terms of dollars. One of the ways to combat this is to have less transactions and do it by bulk.
actually the only way to combat this is to change the priority fee system to a fixed fee with first in first out.
Current BTC transaction fee kill micropayments and gave this niche business to altcoins sadly.
because the price is high, so you have to be careful if you want to sell can be a higher cost of money you get.when i send small transaction , i feel the fee is cost much.
but if i send a lot bitcoin , i think the fee is fair.
this problem affected because bitcoin price is more higher , the fees feeling expensive but still same like old when the bitcoin price not high.
like i send some bitcoin from livecoin to my local exchangers , its cost 0.001 btc fees , i think its too expensive for small amount transaction , 0.001 equivalent $14 , this cost much for small amount transaction , maybe some exchanges will have a good performance for sending low transaction fees and cost more low for transaction lower than $50-100 , and more high fees for higher transaction like $1000-5000
To be fair, the price is just the same, however, it becomes or seems bigger because we are thinking of its corresponding value in terms of dollars. One of the ways to combat this is to have less transactions and do it by bulk.
yes you choose your fee no one forced you to pay.
i see many lucky send with 10 sat only and get conformed after week
i see many lucky send with 10 sat only and get conformed after week
Current BTC transaction fee kill micropayments and gave this niche business to altcoins sadly.
because the price is high, so you have to be careful if you want to sell can be a higher cost of money you get.when i send small transaction , i feel the fee is cost much.
but if i send a lot bitcoin , i think the fee is fair.
this problem affected because bitcoin price is more higher , the fees feeling expensive but still same like old when the bitcoin price not high.
like i send some bitcoin from livecoin to my local exchangers , its cost 0.001 btc fees , i think its too expensive for small amount transaction , 0.001 equivalent $14 , this cost much for small amount transaction , maybe some exchanges will have a good performance for sending low transaction fees and cost more low for transaction lower than $50-100 , and more high fees for higher transaction like $1000-5000
Current BTC transaction fee kill micropayments and gave this niche business to altcoins sadly.
because the price is high, so you have to be careful if you want to sell can be a higher cost of money you get.
all would be fair to use bitcoin as a transaction tool, because I use a bitcoin purse that has a very fast and fair-sounding transaction at a cost of a few cents but has a high cost, but for a really slow transaction is really unfair to you. by paying me not getting so much confirmation required by me.
The way I see it, it is not fair because the price of the fee is so high and I think it is absurd. They should work it out a little bit, we all know that the price of bitcoin is high but with the fee also rising more than we expected is not fair, some of us cannot afford the high fees but we just need to find a way in order to be able to make a transaction.
I think the price is getting higher.
Over the past week, there’s been heightened tension around the conversation about bitcoin fees and confirmation times.
Many individuals have been complaining about unconfirmed transactions and average median transaction fees,
costing $31-52 USD on December 23.
With bitcoin being divisible by eight decimals,
many of those decimals are rendered useless as small amounts of satoshis held on wallets can never be spent unless fees subside.
Many individuals have been complaining about unconfirmed transactions and average median transaction fees,
costing $31-52 USD on December 23.
With bitcoin being divisible by eight decimals,
many of those decimals are rendered useless as small amounts of satoshis held on wallets can never be spent unless fees subside.
It's fair yes. 0.5-2$ cost just one month ago @ 10-14k vs 30-50$ for last weeks @ 15-19k. I don't think that it's fair at all. It only shows the impotence or manipulative greed of the people who are supposed to keep the network running.
If this continues it will bring no good, to people doing less then 500$ per transactions, actual users not traders.
I am aware that the current transaction fee of commercial sites is being raised by the high price of bitcoin. This is a reasonable price increase because when the bitcoin price will lead to many people involved in bitcoin mining and making the difficulty increase so much so need to increase the fee to pay for the miners.If this continues it will bring no good, to people doing less then 500$ per transactions, actual users not traders.
It's fair yes. 0.5-2$ cost just one month ago @ 10-14k vs 30-50$ for last weeks @ 15-19k. I don't think that it's fair at all. It only shows the impotence or manipulative greed of the people who are supposed to keep the network running.
If this continues it will bring no good, to people doing less then 500$ per transactions, actual users not traders.
I am aware that the current transaction fee of commercial sites is being raised by the high price of bitcoin. This is a reasonable price increase because when the bitcoin price will lead to many people involved in bitcoin mining and making the difficulty increase so much so need to increase the fee to pay for the miners. If this continues it will bring no good, to people doing less then 500$ per transactions, actual users not traders.
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