It cost me $2 + 12 hours to send $25 in BTC now

1Referee

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Quote from: kotbi on August 29, 2017, 04:40:37 AM

On the other hand, I believe smarter people will win in a long term. Some people will choose a different path and realize the gold path much later.

Long term minded Bitcoiners will always win - it has been like that since the very early days, and it will continue to be like that in the forthcoming years. People like RawDog are only out to cause drama, where they morally have no problems with knowingly pushing people into the wrong direction. It's either a paid shill, or a very sore loser due to him having sold his coins far too early. Just browse through his entire, or at least recent post hisorty - 90% of his posts have a trollish tint to them, that should say enough.

kotbi

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Quote from: 1Referee on August 29, 2017, 04:32:21 AM

Quote from: RawDog on August 29, 2017, 04:21:05 AM

Indeed, any application that needs low fees is already running to the Bitcoin Cash blockchain.

You easily discard the fact that now Segwit has been activated, the doors are wide open for Lightning Network to step in and offer people insanely low transaction fees. On top of that, you are promoting something that has no viable long term perspective. I even doubt that at some point it will manage to maintain a value of +0.05BTC. Bitcoin Cash isn't any different from the hundreds of other altcoins there are in this market. I rather use something as Litecoin than something that is backed by malicious entities.

I totally agree with you. On the other hand, I believe smarter people will win in a long term. Some people will choose a different path and realize the gold path much later.

pugman

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Quote from: ProfessionalGoogler on June 13, 2017, 03:35:27 PM

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

It takes a lot of time and the transaction fees have become damn high , I totally agree with everyone out there who are not happy with the recent delays and high fees issues. Ethereum replacing bitcoin,not sure about that because anything and everything is possible in the crypto-currency world.

1Referee

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Quote from: RawDog on August 29, 2017, 04:21:05 AM

Indeed, any application that needs low fees is already running to the Bitcoin Cash blockchain.

You easily discard the fact that now Segwit has been activated, the doors are wide open for Lightning Network to step in and offer people insanely low transaction fees. On top of that, you are promoting something that has no viable long term perspective. I even doubt that at some point it will manage to maintain a value of +0.05BTC. Bitcoin Cash isn't any different from the hundreds of other altcoins there are in this market. I rather use something as Litecoin than something that is backed by malicious entities.

kotbi

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Remember this is temporary. Segwit is slowly kicking in. It will increase the block size from 1MB to 4 MB. In no time, the mempool will be empty and the transaction will cost pennies.

RawDog

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Quote from: 25hashcoin on August 16, 2017, 02:11:26 PM

Nope, just waiting for merchants and services to pivot to Bitcoin Cash. Won't be long.

That is already happening: https://www.dashforcenews.com/ryan-x-charles-switched-bitcoin-cash/

Indeed, any application that needs low fees is already running to the Bitcoin Cash blockchain.

albert11

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Due to the extremely high deduction. Others are forced to stop their bitcoins. There is another that is still trying to replace it. If this does not resolve many bitcoins holders will have to full out their Bitcoins and replace it with other crypto currencies. And if this happens then the bitcoin price will falls

A1exander

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I had a similar experience. As I've said before, now bitcoin is completely unsuitable as a system of payment for goods and services, etc. It seems to be an excellent investment and obviously it is much more convenient than gold bullion, but it cannot compete with credit cards for everyday shopping. Let's see if the Lightning Network can change the situation.

richmcrich

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I thought I was the only one that witnessed it until I saw your post. It actually took me four hours to fund an account with blockchain and then I started getting scared that the money was lost in transaction probably

blockchainmarketus

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Quote from: Qartada on June 13, 2017, 04:00:39 PM

Quote from: Thekool1s on June 13, 2017, 03:55:40 PM

I don't know in which mutli verse you are living in but the last time i checked the average transaction fee for ethereum was around $1.4 for each transaction. So it doesn't matter which coin you use, you will end up paying the same amount of fees

Unless you use a coin with low fees (e.g. DOGE for as long as it doesn't have a high transaction volume, and IOTA if it works out right), in which case the transaction fees will be perfectly low.

If you want to use an altcoin to pay low fees, just use an obscure one. Even if they're not scalable, they'll be cheap for now (e.g. Litecoin).

If you want security and you want to send high amounts, use Bitcoin.

Low fee with small amount better to use doge coin, eth or litecoin, I usually use eth, litcoin or dogecoin. For high amount of transaction more than 0.1 BTC I like Bitcoin. Most exchanger accept bitcoin for fiat. I send 0.1 with fee 0.001. I think it's not big amount of fees for sending the money in hours. If we cash out via banks we need take days to cash out, with bitcoin I only need an or two hours if not problem less than 30 minutes. That's comfortable for me.

BitcoinPC

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It sounds like you're messing with too many options yourself. I have a particular client that daily sent us a payment of 0.3 Bitcoins. That contact with Bitcoin is the only contact they have, they do not care about Bitcoin and they know very little about it. They use a simple online wallet, choose our name from the address book and send that amount. Every single one of those transactions for the past 2 years has cleared and confirmed within an hour usually less.

Qunenin

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I appreciate that you have the ability to bring up the network fees which would normally speak things up, but maybe somewhere at the process you're tweaking something that's bringing that speed back down. Other than that the fee seems about right depending on how you're doing it . There are much cheaper ways to do it but it depends on sites that you use and the services you need.

deadsilent

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Quote from: ProfessionalGoogler on June 13, 2017, 03:35:27 PM

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

That's a bad thing about bitcoin. The fee is going higher and higher. Owning bitcoin now is getting harder and expensive these days. Small people like me can't afford transacting because fee is too high. I usually send small amount. 15-20 dollars plus the fee $4. $4 is huge for me. Fee will slowy kill bitcoin. They must do something about this.

Quote from: iamaruf on August 17, 2017, 05:37:51 PM

Now Bitcoin transaction taking too much time.A few days ago I send Bitcoin another address which was very urgent.And I pay the 18$ fee for the fast transaction.Miners accepted within 2 minutes.But it took about 7-8 hours to confirm my transaction.which was expensive and boring.

Wow! This bigger than i thought. With that amount of fee, it still takes hours to confirm? That sucks.
If this continues, many bitcoin owners will switch to altcoins. I see IOTA becoming huge. It actually satoshipay replace bitcoin for IOTA. It's faster and no fees. Is this the time to switch?

greeklogos

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I use Blockchain.info wallet and I can't say their minimal fee for transaction >1 hour is too much. Maybe in dollars it is, but in bitcoins it is stayed the same like it was years ago. i recommend you to try to save some good amount first, like 100$ before to withdraw. With all that little sum you only loose. Good luck!

Doms

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The fees have somewhat increased after the August 1 event. Prior to that, there was a period of maybe two or three weeks when the transactions where confirmed quickly and fees were average. Now, it takes over a dollar to send a $20 transaction, which I think is still fair, for as long as the waiting time don’t last for over an hour. I think since the hard fork, many people had their confidence back in doing transactions which leads to a bit of congestion that results in higher fees and slower processing times.

danherbias07

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I have sent $30 and paid $2 and waited 24hours but that doesn't mean after that I will say ethereum will take over. Cheesy

Do you really think you could pull all the people by just this one problem? It happened to most of us not just you but we are still here. Try to understand how many out there are just sending low fees. Hell, even VIABTC's 100 hash accelerator are depleted in just minutes and every hour that does happen. Why do you think that is happening? You are not the only user here and the number of users that are doing transactions is not equal to the number of miners that confirms it.

skyline247

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Quote from: iamaruf on August 17, 2017, 05:37:51 PM

Now Bitcoin transaction taking too much time.A few days ago I send Bitcoin another address which was very urgent.And I pay the 18$ fee for the fast transaction.Miners accepted within 2 minutes.But it took about 7-8 hours to confirm my transaction.which was expensive and boring.

You paid $18 fee?!

This is too much my friend. You must be sending a whole lot of Bitcoin to pay an $18 fee. Well, I suppose that actually you raised the fee very high for this high priority transaction. Hopefully there will be measures in place to lower fees in the future to save us money.

iamaruf

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Now Bitcoin transaction taking too much time.A few days ago I send Bitcoin another address which was very urgent.And I pay the 18$ fee for the fast transaction.Miners accepted within 2 minutes.But it took about 7-8 hours to confirm my transaction.which was expensive and boring.

BitcoinBarrel

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Try selling/trading gold and then come back and talk about fees.

Monnt

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Quote from: 25hashcoin on August 16, 2017, 02:11:26 PM

Quote from: zuliph9 on August 16, 2017, 01:44:18 PM

Quote from: xskl0 on August 16, 2017, 01:27:21 PM

SAD! For this reason now I use only Bitcoin Cash

Agreed, a bit worrying

I recently bought both coins - can't use bitcoin cash since no one accepts it yet and can't use btc since it's asking for 2.50$ on a 10$ tx

Are we really waiting for lightning to fix this ?

Nope, just waiting for merchants and services to pivot to Bitcoin Cash. Won't be long.

Well…too bad to see things roll out this way. You know, what is the Lightening Network even made for? I thought the Lightening Network has been released because I came Bitfury website where they discussed their successful taste of the lightning network…but I’m still seeing nothing. Hope it gets implemented soon, and let me see how it works out.

Topic: It cost me $2 + 12 hours to send $25 in BTC now (Read 3367 times)