Topic: Is bitcoin transaction fees fair? - page 32. (Read 36260 times)
I think. all costs for sales, buy transactions and withdrawals are reasonable. because the user must be required to pay a fee to get a faster transaction confirmation.
Once I did transaction delivery at normal cost and received confirmation within a few hours.
Recently, I have to wait a little longer than 24 hours for confirmation and because of this experience, now I Change send every transaction with a slightly higher fee.
Yes, I'm not sure exactly.
But still cheaper to send funds with bitcoin than with paypal or WU, for example.
It is clear that this situation must be solved somehow because bitcoin may become less attractive to new people Who have not really known Bitcoin.
And I do not think that transaction fee is connected with btc price.
but if bitcoin price continuous go up that will make we must pay more fee per transaction. Recently, I have to wait a little longer than 24 hours for confirmation and because of this experience, now I Change send every transaction with a slightly higher fee.
Yes, I'm not sure exactly.
But still cheaper to send funds with bitcoin than with paypal or WU, for example.
It is clear that this situation must be solved somehow because bitcoin may become less attractive to new people Who have not really known Bitcoin.
And I do not think that transaction fee is connected with btc price.
Once I did transaction delivery at normal cost and received confirmation within a few hours.
Recently, I have to wait a little longer than 24 hours for confirmation and because of this experience, now I Change send every transaction with a slightly higher fee.
Yes, I'm not sure exactly.
But still cheaper to send funds with bitcoin than with paypal or WU, for example.
It is clear that this situation must be solved somehow because bitcoin may become less attractive to new people Who have not really known Bitcoin.
And I do not think that transaction fee is connected with btc price.
Recently, I have to wait a little longer than 24 hours for confirmation and because of this experience, now I Change send every transaction with a slightly higher fee.
Yes, I'm not sure exactly.
But still cheaper to send funds with bitcoin than with paypal or WU, for example.
It is clear that this situation must be solved somehow because bitcoin may become less attractive to new people Who have not really known Bitcoin.
And I do not think that transaction fee is connected with btc price.
I used XAPO and some time ago transfer with cost about 92k for service priority. if conversion certainly cost about $ 5 and I think cheaper than bank transfer, so I think transaction fees is fair.
For me, it is only fair that our wallet provider should get tansaction fees so that they will have additional funds to continue their operations. The only thing that is not fair is that there are transaction fees but the transactions are eating too much time before it succeeds.
I can understand that the system need the fees, but imagine if, with the growth of the dollar (say, 30 times), the commission for the transaction became similarly higher. It would be nonsense, isn't it? Then why should everything be different with the crypto currency? I think it would be great if the fee of the transaction was constant (and minimal)
Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
I'm what in this fair? ) If banks, ATMs, and other financial institutions worked like this? It would paralyze the market.
PayPal operates according to other rules, and is quite popular. And there are no such problems.
Its not at all truthful due to the fact of that only i moved to alt coin. I know that substitute coin will be long term . I fed up with bitcoin transaction charge.
I do not know ,,, but my friend says that bitcoin transaction is fair ,, i have never transacted with bitcoin ,, and i hope, is there anyone else can give me information about bitcoin transaction? is it fair or not? ??
I do understand that the system does need the fees to remain alive, and as incentive to the miners, even knowing at this moment the fact of they collect blocks would be enought for them, but the fee is just a way to keep the transactions safe. Some coins are coming offering no fees wich may change the game, if you can keep doing all the things you do with bitcoin without have to pay a fee i believe its an improvement and something to consider over the future.
Bitcoin transactions usually occur for free if the number of bitcoins sent exceeds 0.01 BTC. Bitcoin in small quantities is given to miners as a reward for processing the transaction and putting it into blockchain. For now, most transactions are processed for free, but for deals that attract coins from multiple Bitcoin addresses so that it requires a larger portion of data, it will incur very small transaction costs.
the factor is poeple are usually complaining that the costs are substantial but the truth is charges have stayed the same its the price tag of bitcoin that long gone up, simply because the price tag skytocketed we havent seen it, and to be reasonable since bitcoin has become really common the miners have much more operate to do and far more transactions to affirm, but still some wallets get substantial charges and transactions even now sluggish.
I consider the commission bitcoin fair, as it is already considered an investment, and not a simple currency through which you can make only payments. If someone wants a small commission, then he can use ordinary currency.
You actually have a point there - bitcoin is already considered as a good investment and not just ordinary financial transactions you see with fiat money. You are not buying candies with bitcoin for sure. Hence, transaction fees are just but right if you put it at this context.
I consider the commission bitcoin fair, as it is already considered an investment, and not a simple currency through which you can make only payments. If someone wants a small commission, then he can use ordinary currency.
of course not. I think the bitcoin is directly proportional, so every price rises, then the fee we have to spend will also rise, as well as other needs other. I think it all happened because the number of transactions increased due to the very active market.
Everything is fair - as long as you are earning big money out of your bitcoin thing, bitcoin transaction fee is not really a problem. It would only be unfair if only us will benefit from it and at the expense of the bitcoin miners. Yes, I agree that the transaction fee is proportional to how bitcoin price is going up or down and the law of demand and supply is in application with bitcoin transactions.
of course not. I think the bitcoin is directly proportional, so every price rises, then the fee we have to spend will also rise, as well as other needs other. I think it all happened because the number of transactions increased due to the very active market.
Everything is fair - as long as you are earning big money out of your bitcoin thing, bitcoin transaction fee is not really a problem. It would only be unfair if only us will benefit from it and at the expense of the bitcoin miners. Yes, I agree that the transaction fee is proportional to how bitcoin price is going up or down and the law of demand and supply is in application with bitcoin transactions.
of course not. I think the bitcoin is directly proportional, so every price rises, then the fee we have to spend will also rise, as well as other needs other. I think it all happened because the number of transactions increased due to the very active market.
For me it is not, the fee is so high. The appreciation of Bitcoin price should reach high before an investor could actually take notice of the return of investment when traded.
Well! You are right but I think it is not so much high the price and the profit of the bitcoin are also increasing. A lot of people are using bitcoin and they are investing in bitcoin so that they are expecting good profit so as we know that ‘no pain no gain’ so if you want fast and easy transaction as a lot of people are enjoying you will have to pay a specific transaction fees so that you will not have to wait so long for the conformation of the transaction.just done 2 transaction which each only send approx 10$ and the fees take damned half of it. can't be more mad for now with this stupid exchanges.
For me it is not, the fee is so high. The appreciation of Bitcoin price should reach high before an investor could actually take notice of the return of investment when traded.
Well! You are right but I think it is not so much high the price and the profit of the bitcoin are also increasing. A lot of people are using bitcoin and they are investing in bitcoin so that they are expecting good profit so as we know that ‘no pain no gain’ so if you want fast and easy transaction as a lot of people are enjoying you will have to pay a specific transaction fees so that you will not have to wait so long for the conformation of the transaction.
The current fees are fair, and transactions are generally faster. However, it could go pear shaped at any moment as we experienced a few weeks back.
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