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Topic: Is bitcoin transaction fees fair? - page 40. (Read 36260 times)

hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
August 11, 2017, 04:36:57 AM
i don't know if its fair or not because its depend with each people. if they have many bitcoin then i think they are fine with the fee but for people which have few bitcoin then they will thinking that they don't want to send small amount of bitcoin and they need the amount is bigger so they can send the transaction.

if you use android phone wallet, you can setting how much your fee but there will be a waiting time to gets confirmed. but if you use exchanges wallet only, then you should follow with their fee and can not negotiable.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
August 11, 2017, 04:05:46 AM
All need a fee for the transaction, but why now these transaction costs start to rise uncharacteristically, and even then there is still a slow as the confirmation of the transaction had to wait a long time. Whether it can be worth the long wait and sometimes bigger than the amount you go to Huh

maybe that's the things that's needed to be resolved by the team behind bitcoin as the fee is really getting higher so sending bitcoin
if you only got small amount is not advise you need to have a good amount in order to proceed and not to feel the big fees.
full member
Activity: 145
Merit: 100
Blocklancer - Freelance on the Blockchain
August 11, 2017, 03:48:56 AM
I will incur costs if I make bitcoin transactions as a form of payment, many of the world's trades that receive digital currency only for low transactions. I think it has to be reminded how fair bitcoin is in the transaction.
legendary
Activity: 1162
Merit: 1000
August 11, 2017, 03:01:35 AM
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.
When it comes to bitcoin transaction fee charge, they are different percentage. There are some exchanges site that giving high fees and some's are low fee's of charge like example on  bittrex the transaction charge fee's was 0.001BTC while in yobit was 0.001BTC which is really shit. Bittrex is more better and popular than yobit but its insane, isn't?

Withdrawal fee charged by exchanges and transaction fees are different. The echanges may not forward the 0.001 Bitcoin to the miners and keep the profits for themselves for one reason or another. If the market allows it and users agree to pay then it is fair in some sense.
hero member
Activity: 980
Merit: 506
August 11, 2017, 02:46:48 AM
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.
When it comes to bitcoin transaction fee charge, they are different percentage. There are some exchanges site that giving high fees and some's are low fee's of charge like example on  bittrex the transaction charge fee's was 0.001BTC while in yobit was 0.001BTC which is really shit. Bittrex is more better and popular than yobit but its insane, isn't?
Yes, are there on transaction charges file some of them provide you with a less fee net. If you are staying is charging you more than you think then isn't it wise to change your exchange. I personally like bittrex more than any other bitcoin exchange because it charges are pretty low and sensible as compared to any other exchange, but I don’t consider it insane.
full member
Activity: 238
Merit: 100
August 10, 2017, 10:07:30 PM
All need a fee for the transaction, but why now these transaction costs start to rise uncharacteristically, and even then there is still a slow as the confirmation of the transaction had to wait a long time. Whether it can be worth the long wait and sometimes bigger than the amount you go to Huh
sr. member
Activity: 756
Merit: 294
August 10, 2017, 08:28:45 PM
They are very fair right now Cheesy Bitcoin has been improved and its system is very good. We do not need to pay high fee anymore. Transactions look very fast. hope that we will even get the faster transaction after the november.
agree with you mate that transaction fee in bitcoin is fair enough, because we know that the transaction fee is based on the value of bitcoin also, and way back year ago when value of bitcoin is very small there is no transaction fee imposed but when it start to balloon its value and continuous adoption by lots of people the transaction fee was start to increase due to bulk transaction and it very congested that is why they add transaction fees for that.

Indeed! Bitcoin transaction fee is fair and where do we find transacting our money that has no fee even if we transact abroad and from any parts of the world? If you do that with fiat money, you will be having hard time and the transaction is quite way high than bitcoin.
full member
Activity: 756
Merit: 112
August 10, 2017, 07:46:19 PM
They are very fair right now Cheesy Bitcoin has been improved and its system is very good. We do not need to pay high fee anymore. Transactions look very fast. hope that we will even get the faster transaction after the november.

Hi Blitzboy how does it cost now to transfer bitcoin with fair speed? Now that it has segwit?
sr. member
Activity: 406
Merit: 250
August 10, 2017, 05:31:59 PM
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.

this show that bitcoin is like a things that of you buy you can sell it at a lower price. The transaction fee is for the tax that we do. It is normal because how can have a sallary for miners? If the miners gone how will be the transactions?.
sr. member
Activity: 532
Merit: 280
August 10, 2017, 01:29:13 AM
They are very fair right now Cheesy Bitcoin has been improved and its system is very good. We do not need to pay high fee anymore. Transactions look very fast. hope that we will even get the faster transaction after the november.
agree with you mate that transaction fee in bitcoin is fair enough, because we know that the transaction fee is based on the value of bitcoin also, and way back year ago when value of bitcoin is very small there is no transaction fee imposed but when it start to balloon its value and continuous adoption by lots of people the transaction fee was start to increase due to bulk transaction and it very congested that is why they add transaction fees for that.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
August 10, 2017, 01:25:35 AM
They are very fair right now Cheesy Bitcoin has been improved and its system is very good. We do not need to pay high fee anymore. Transactions look very fast. hope that we will even get the faster transaction after the november.
sr. member
Activity: 756
Merit: 294
August 10, 2017, 01:01:21 AM
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.
When it comes to bitcoin transaction fee charge, they are different percentage. There are some exchanges site that giving high fees and some's are low fee's of charge like example on  bittrex the transaction charge fee's was 0.001BTC while in yobit was 0.001BTC which is really shit. Bittrex is more better and popular than yobit but its insane, isn't?

With gambling sites, there are a few out there that never charges any transaction fees and you get every winning single coin you have because they handle the transaction fee for you and there is no charge at all.
sr. member
Activity: 868
Merit: 289
August 09, 2017, 11:41:54 PM
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.
When it comes to bitcoin transaction fee charge, they are different percentage. There are some exchanges site that giving high fees and some's are low fee's of charge like example on  bittrex the transaction charge fee's was 0.001BTC while in yobit was 0.001BTC which is really shit. Bittrex is more better and popular than yobit but its insane, isn't?
hero member
Activity: 686
Merit: 500
August 09, 2017, 11:17:22 PM
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.
Bitcoin fee was not fair before segwit activation.It was very high and only transactions with very high fees are confirmed first and transactions with low fees are just left uncomfirmed or it took around even 20 days for it to get confirmed.But now,after segwit activation which had been the dream of bitcoiners,fees has been reduced considerably.The problem is now almost solved.
hero member
Activity: 868
Merit: 500
August 07, 2017, 07:07:55 PM
Now the fees are fair compared with bitcoin value, we all know in the future when the mining will end, fees will replace the current rewards of new blocks, soo till there maybe another suitable solution show off, in any case you can use others altcoins to spend less fees.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
August 07, 2017, 01:30:27 PM
So, how fair are fees now?

120 satoshi, down almost 4 times since one month ago.
With all the increase in bitcoin price , the fees are still down by more than half.

This proves once for all that there is no correlation between fees and bitcoin price.
It all comes to the size of the mempool

https://blockchain.info/en/charts/cost-per-transaction-percent?timespan=30days&daysAverageString=7
sr. member
Activity: 531
Merit: 258
July 31, 2017, 03:06:07 PM
For those doing micro/small transactions, it is maybe unfair compared to people sending bigger transactions. But for those, the simple reality is Bitcoin is not for them and if they want to make a small transaction it is better for them to look for other alternative costing cheaper than BTC. Then the limit between the small and large transaction is up to each people to decide what is their own limit
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
July 31, 2017, 03:03:16 PM
Transaction fees are certainly more than fair if you sending more than hundred dollars  or a million dollars as compared to how much we would be charged by other financial houses for such transactions. As for micro payments i do not think we would say the same because tx fees are on the higher side with them
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
July 31, 2017, 02:58:26 PM
They are fair, although I'm worried that they might continue to go up and become unfair. If you think about it, paying $1 in fees is fine, a bit expensive, but you can live with it. $2? expensive, but fine if you're operating on large sums. $4? That would start getting ridiculous. People would start waiting until they have enough money to afford fees, which would undermine one of the main function of bitcoin. The only thing it would be good for is store of value and a way to move large sums overseas.
sr. member
Activity: 533
Merit: 251
Streamity Decentralized cryptocurrency exchange
July 31, 2017, 02:47:22 PM
I think bitcoin transactions are very very fair. Comparing all other financian instruments basically prove this. It is one of the lowest you can find.
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