Don't look at its dollar value when you pay for the fee because that will really be quite high. But if you go look at the fees in decimals, most of the time they're just the same as before.
But because of bitcoin is on its ATH, that makes it expensive in our eyes. That is why when you transact, make sure that you're going to pay the fee worth it with your transaction and it's not that small amount only.
Topic: LOONG TIME, NO SEE! (Read 317 times)
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
You looks like one of the early adopter so why not Buy when the price is about a PEnny ? can't you see how much the value of Bitcoin now so why need to question about the fee?WTH is going on? Greed?
Valuing 60,000$ and you as amazed about the High fee? lol expect that will increase when the price is already High up to the Moon now.
Best to Use altcoins instead of Bitcoin so you won't feel that Highest fee recorded.
which when you do make out some transactions as of today they would surely get surprised with the influx of fee and its mentioned above that its based on sats which means
if the price is high then consider the fee amount or value would be high too but nothingless it would really just come back to normal.These are just common days
where fees are up high when there's a bull run or price increase.
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
Hike in the Bitcoin transaction fee is normal and I think you should understand that this is always the procedure in the Bitcoin market whenever we are in bullish season since you have joined the market long ago. So, there is always network congestion during a bullish market but there's no reason whatsoever for you to pay $27 for a single transaction with 1/1 input and output. However, if you use a SegWit wallet address you still have a chance for a small transaction fee. WTH is going on? Greed?
Bitcoin's growth also makes it a significant increase in fee. Not only Fee Bitcoin increases. Look at ETH, the transaction fee is increasing every day.
correct because they are increasing value that's why the tx fee will increase as well.. It's like sending money to different banks, or let say from your E-wallet to credit card or any different wallet., once you send bigger amount it will reflect on your fees .. Actually we are just very surprised now because we used to convert /send/cash out our money without paying a large amount of fees"wherein that time bitcoin and other alts still affordable." . But now probably we must accept the fact also as long as each price in the market of this crypto seems very high as well. We have no choice! lol
Sure you have plenty of choices.
1. If you use bitcoin, just keep your money on Coinbase or another exchange that allows offchain transfers between the members.
This way you can transfer bitcoin with no miners overlyhigh transaction fees.
or
2. Just convert to doge , where the average transaction fee is only $1 , and their block capacity are not maxed out like bitcoin.
Bitcoin's growth also makes it a significant increase in fee. Not only Fee Bitcoin increases. Look at ETH, the transaction fee is increasing every day.
correct because they are increasing value that's why the tx fee will increase as well.. It's like sending money to different banks, or let say from your E-wallet to credit card or any different wallet., once you send bigger amount it will reflect on your fees .. Actually we are just very surprised now because we used to convert /send/cash out our money without paying a large amount of fees"wherein that time bitcoin and other alts still affordable." . But now probably we must accept the fact also as long as each price in the market of this crypto seems very high as well. We have no choice! lol
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
The hash rate dropped because of things that are beyond our control and it will take some time to reset the difficulty and until then if you have to pay higher fees or wait for sometime to get the transaction confirmed. If you ask people to stop transacting during this period then you can sort this issue and it is not about greed and you should know that WTH is going on? Greed?
. 
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
WTH is going on? Greed?
indeed this is what will happen if the price of bitcoin gets more expensive, we will pay a very expensive transaction fee. at this point if someone is going to buy bitcoin they have to buy it in very large quantities so they don't feel disadvantaged by expensive transaction fees.
And we see those people envisioning Bitcoin to surpass 6-figures in value while Lightning Network still struggle to gain a foothold.
Funnily I can imagine how tremendous those fees would be.
Funnily I can imagine how tremendous those fees would be.
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
Its really painful to see the high fees but we have to keep it in mind that the price also has gone to the high of the level .However its usual thing that the much the price of btc flow to the up the fee also will will follow .I think you have made your transaction when the price was in downtrend and low the market has changed a lot and the fee became high .So we need to adjust with it as well . WTH is going on? Greed?
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
WTH is going on? Greed?
I was also surprised. I've been in active for a long time and lot of things changed in cryptocurrency. It feels I have a so many things to learn again. It also feels like a newbie again but on the other side I'm hoping that I just need to refresh a little to be able to fit in crypto again. I also have coins that can't be withdrawn from the exchanger because the fee is higher than the amount of the coin. Some kinda heartache. I guess I can't used that anymore or I have to convert that into another coin and wait for its price to rise so it will be higher than the fee. I that works.
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
Obviously you already know why this is happening, why gas fres or tax fees are increasing and this because of the reason that the bitcoin and other cryptocurrency are very high today. This is not about greed but this is also the effect or cons of sudden pump up of the bitcoin as well as the other cryptocurrency. Maybe there's also a lot of reasons why the gas fees are kind of high today but this is the main reason why it is getting higher and higher. The more that the market is green or pumping, the more the fees are also increasing. WTH is going on? Greed?
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
WTH is going on? Greed?
As the value of BTC increases, the value of the transaction fee in BTC will not change but its equivalent value in fiat currency such as USD will increase the same as BTC. It is the same scenario in ETH, the gas fee is so high which made me limit my transactions on the ETH network. So avoid making transactions when the fee is so high just wait and it will not stay high for too long
My view on this issue will be that the last time you talked about how much was Bitcoin then, compare it to the recent value and redecide or check if the price that the increase is not worth it.
Expect it like we're getting a lot of price surge lately as well as correction concurrently. I can even recall back in 2017 when the ATH was 20k and my sent BTC was just like $10 and the tx fee I paid was double the amount of what I sent which was really insane.
Newbie mistake, I still did it instead of waiting. Not gonna be surprised as that was an online wallet I used.
Newbie mistake, I still did it instead of waiting. Not gonna be surprised as that was an online wallet I used.
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
I fully understand your pain. High fees are not only plaguing bitcoin, but Etherium as well. I think that these cryptocurrencies are no longer a means of transfer. For the transfer you can use hundreds of other tokens, for which the commission is 1-2 cents. WTH is going on? Greed?
While you were away the price of bitcoin increased which spurt the increase of the transaction fees because there are more people that are in the network and the network can only handle so much but other than that you didn't miss that much, companies buying bitcoin, former opposition of bitcoin is starting to warm up towards bitcoin.
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
WTH is going on? Greed?
Were you sleeping under a rock during the last few years?
The Bitcoin transaction fees will go up for sure.With the increasing BTC adoption,Bitcoin Core blockchain will get stuck with more transactions,which means higher tx fees and longer confirmation time.
There are two options to avoid this:
1.Just HODL and don't move your Bitcoins out of your wallet.
2.Use off-chain solutions like Lightning Network.I hope that LN will become enough user-friendly and it will get adopted many millions of BTC users.I also know that many people won't trust off-chain solutions like LN.
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
WTH is going on? Greed?
If that is the cost of transaction fees then you should be holding a large amount of BTC because that kind of fee is big enough to buy 1 book. The problem is if you only have a little amount of BTC in your wallet and you need to get it right away but still, you need to pay that big amount which you don't have any choice at all. I think the best suggestion I could give you guys if you are only holding a small amount of BTC it's best to put it on the exchanges so that when you want to withdraw it, you don't need to send it and to pay some transaction fees.
I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.
WTH is going on? Greed?
WTH is going on? Greed?
Artificial size limit on blocksize imposed by BTC devs to coerce users to use LN and Liquid offchain systems.
So yeah, Greed is the correct answer.
* BTC average transaction fee will only get higher with time, as their are no plans to increase BTC blocksize,
so 3 years from now expect $250 average transaction fee.*
Although cheap transactions are desired but they are not the defining factor. Bitcoin is a currency and a very useful one at that because you can make a payment from anywhere in the world to anywhere in the world in matter of seconds without needing any third party's involvement or permission thanks to its decentralized nature.
This is exactly why bitcoin value keeps growing while altcoins' keep declining.
This is exactly why bitcoin value keeps growing while altcoins' keep declining.
One exception , Doge average transaction fee is only $1 and their price has also only been going up.
In fact, owning doge coin since 2017 would have earned you more than bitcoin from the same 2017 starting point.
Both grew substantially verses fiat, but Doge Profit Numbers were higher.
Also Doge has ~10X the onchain transaction capacity of BTC.
Doge transactions occur in 1 minute blocks while BTC has 10minute blocks.
ethereum is the digital currency.
Ethereum has never been a "currency" to begin with. By design ETH is a token or to be more precise it is fuel for smart contracts and nothing more.Quote
While bitcoin and ethereum can't do that, I prefer to treat them as a digital asset. The platform to grow wealth.
Here is the flaw with this, why would something useless (according to you) have any value and grow?Essentially that's what bitcoin is if you remove the currency aspect of it, it is some virtual numbers on the internet that we are wasting energy to find.
Although cheap transactions are desired but they are not the defining factor. Bitcoin is a currency and a very useful one at that because you can make a payment from anywhere in the world to anywhere in the world in matter of seconds without needing any third party's involvement or permission thanks to its decentralized nature.
This is exactly why bitcoin value keeps growing while altcoins' keep declining.
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