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Topic: sick of high fees Ive moved over to alts (Read 901 times)

sr. member
Activity: 819
Merit: 251
June 05, 2019, 11:07:13 AM
There are so many other token out there that is almost offering zero fees in any amount of sending just make sure to use their platforms. I would not recommend BSV to you, cause there are so many complaints about that token as of this month. If bitcoin really fix or have a solution to this fees then using it would be a lot easier.
Also, remember to make sure that finding other trusted crypto would be not easy.
member
Activity: 616
Merit: 30
I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
Because in bitcoin we’re sure about the safeties of our money,yes it may take long time and high fees sometimes but the security is there
Not like in those shitcoins that you have mentioned in which might die soon and you won’t recover your money,so better make distance on those shitcoins
sr. member
Activity: 913
Merit: 252
I think your choice is right because BCH and SV have a fairly large fee. there may be alternatives such as LTC or DOGE coin which have a cheaper fee. it will make your income not cut too large.

The BCH transaction fee is very low, when you compare it with Bitcoin. Right now, the average fee is somewhere around $0.0011, which is at least 400 times lower than the Bitcoin tx fee. The median transaction fee for BSV is even lower, at $0.001. I am not sure about the transaction fee for LTC/DOGE, but let me know if they are lower than this.
hero member
Activity: 3024
Merit: 745
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No one stops you from ranting and you have the freedom to choose for whatever crypto you will save more fees. It's undeniable that the fees for bitcoin now is quite high and even those low transfers are paying that much.
What high fees are you talking?
https://bitcoinfees.info/
hero member
Activity: 1190
Merit: 541
During the 2017 price spikes, I experience an extreme high fees in bitcoin and it was totally alarming. I couldn't keep up with it so I had to explore every other possible means of transactions to minimize this fees. I had to switch to ethereum and most of my transactions with it. Ethereum also once had such high fee but currently it has bungee worked on I guess.
When we talk of high fees, there is always a time this happens which is usually during congestion, and I also move to a reliable altcoins temporarily too till the network becomes free, but we should not be making if feel as if it is every time we experience high fees in Bitcoin the way the OP is making it look like.

Bitcoin transaction is still not that bad even in a congested network compared to other fees we get and I will still prefer to rely more on using Bitcoin for payment except the high fee that is too outrageous which I don’t think any fee charge for BC transaction has ever been over outrageous..
sr. member
Activity: 644
Merit: 257
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I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Bitcoin is now on the process of mass adoption, that includes high fees for the matter. Yeah you can shift train, but make sure you will loved it more than btc. BTC is now becoming a legal coin soon that will be serve as a currency and direct gateway for transaction. Yes altcoins have this but btc is more closely on the level of total adoption globally. Also, why youre talking about fees on btc here, I think youre in a wrong place dude.
full member
Activity: 1750
Merit: 186
What high fees are you talking?
member
Activity: 672
Merit: 10
Fee is indeed very sensitive for everyone. Because if the fee is very large, people will not do it. Because the fees obtained from each transaction will make people rich if the fee is large. I also make a transaction every time I see the fee first. And I have never used BCH or SV.
I think your choice is right because BCH and SV have a fairly large fee. there may be alternatives such as LTC or DOGE coin which have a cheaper fee. it will make your income not cut too large.
full member
Activity: 966
Merit: 111
Fee is indeed very sensitive for everyone. Because if the fee is very large, people will not do it. Because the fees obtained from each transaction will make people rich if the fee is large. I also make a transaction every time I see the fee first. And I have never used BCH or SV.
copper member
Activity: 434
Merit: 4
Bitcoin should be viewed as a means of storing value, and not a means of payment or transfer. Bitcoin is digital gold. You don't pay gold for coffee, right? For this purpose, there is a very good altcoins like nano, bch, and so on.. doge very good, i think.. and Verge (private).

The problem of Bitcoin's scalability has not yet been resolved and commissions with it's price increase will be even more expensive.. The network will lag terribly. This is a sad truth. That problem should be solved by the full implementation of the the lightning network.. Maybe in the future there will be some other kind of new technologies, that will solve the problem of Bitcoin's scalability.
member
Activity: 576
Merit: 39
The transaction fees are not that high really it is just less than a dollar but it is really a smart move to move to altcoins if you are for about to use it as regular payment method for everyday for the very much cheaper fee, I personally use litecoin and even dogecoin super cheap much wow for you
member
Activity: 264
Merit: 11
high fees make you feel bad dude.
maybe you need to strat to choose exchange with light fee or free fee.
some exchange have that feature and it is so useful, you can trade whatever you want with 0 fee.
but for WD is still have a fee.
hero member
Activity: 938
Merit: 500
https://youengine.io/
I use for small calculations, for example, up to 100 dollars, Ethereum or Waves. These coins are very liquid and I keep them as a means of payment.
sr. member
Activity: 913
Merit: 252
During the 2017 price spikes, I experience an extreme high fees in bitcoin and it was totally alarming. I couldn't keep up with it so I had to explore every other possible means of transactions to minimize this fees. I had to switch to ethereum and most of my transactions with it. Ethereum also once had such high fee but currently it has bungee worked on I guess.

Ethereum had high fees sometimes, but even during those times, it hardly ever got above the $2-3 range. And when the users started complaining about the fee being unaffordable, the developers acted very quickly and found the solution. The advantage with Ether is that the developers don't fight among each other, unlike the case with Bitcoin.
jr. member
Activity: 448
Merit: 2
During the 2017 price spikes, I experience an extreme high fees in bitcoin and it was totally alarming. I couldn't keep up with it so I had to explore every other possible means of transactions to minimize this fees. I had to switch to ethereum and most of my transactions with it. Ethereum also once had such high fee but currently it has bungee worked on I guess.
hero member
Activity: 2702
Merit: 585
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Thats why I prefer to use altcoins, because fees in the current BTC network are extremely high and slow. I would rather use LTC or ETH to make my transaction within several minutes, rather than to pay 10 USD and to wait for 5 hours.
I have never paid that high and waited for that long for my transactions to be effected, it might just be that the time you were probably making that transaction was when there was congestion which usually leads to high fees and delay of transactions.

Most times that I want to send my transactions over Bitcoin, I make sure that I confirm the status then to be sure we don’t have any form of congestion that could make my fee high or delayed, once I see that we have congestion, I also flip over to coin like LTC and ETH if I have no choice, but on a normal market condition, I would prefer BTC.
sr. member
Activity: 817
Merit: 250
many are now switching to LTC and that's the reason why they are moving to LTC. I agree with you that a low fee is the main cause many people turn to altcoin which has the potential to grow high like this LTC.
I rarely store LTC in my portfolio. sometimes I only use it for transactions to move assets because transaction costs are cheaper than bitcoin and other assets.
full member
Activity: 812
Merit: 100
Why are you bothering with any Bitcoin shitfork? Use LTC.

I sold some BSV for LTC the other day. The exchange I sold the BSV through wouldn't let the LTC go until 200 BSV confirmations. That was nearly two solid days. Boy, that's some real faith in the security of its chain.

My conclusion - the shittest shitcoin in shitland.
many are now switching to LTC and that's the reason why they are moving to LTC. I agree with you that a low fee is the main cause many people turn to altcoin which has the potential to grow high like this LTC.
sr. member
Activity: 913
Merit: 252
I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Hmmm... this is one of those issues which may never get resolved. And this is precisely the reason why I still keep BCH and BSV in my wallet, although I don't like these coins. In case the exchange rates rise, then we may witness a repeat of the situation that we had in 2017 December, when the average transaction fee was $20 or $25.
full member
Activity: 336
Merit: 100
I'd better advise you to go for an investment in altcoins, since you, like any other trader, want to make money, and you can make money on altcoins best of all, since they cost very little, but they have a rather high growth potential, so I advise you to look at this mind tokens and already make certain decisions.
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