sick of high fees Ive moved over to alts - page 4.

kaya11

full member

Activity: 1344

Merit: 110

SOL.BIOKRIPT.COM

Quote from: Evergreen Star on May 21, 2019, 05:40:43 PM

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.

If it is still lower than the traditional ways of paying or sending money to another part of the world then I guess it is fine. I only buy BTC because I want to double my money or even more, I don't really had a problem with the fees because I rarely send them. Again it is your choice to choose what ever alts you wanna use in alternative to bitcoin just be very careful out there.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: bittick on May 23, 2019, 11:28:19 AM

Quote from: chocopapaya on May 23, 2019, 11:12:02 AM

Actually, I'm more interested in who you are sending the bch and bitcoin sv to?
As far as I know, no one uses it or wants it.
It's only traded and is totally speculative.

BTC on the other hand, actually has use cases that are pretty widespread and useful.
So fees, fees, fees, its part of the tech.
If you are annoyed with it, than steer away from micro transactions and only use it for bigger ones.

Or you could switch to one of the generation 3 blockchains like iota, nano, or byteball.
Out of those, I like nano the best.
Once you use it, your eyes will be opened, you can never go back to normal blockchain again lol.

Exactly, Bitcoin SV or BCH are jokes, there are no people that really wants it considering that these two are just rip off from bitcoin and dont really have any use cases because they are not widely accepted as means of payment unlike bitcoin which has already become a universal means of payment in cryptocurrency.

The fee itself is actually already does make sense, even paypal is a lot higher than BTC but no one complaints anyway. There is also lightning network that could speed up the transaction and make transaction cheaper.

People could however still choose to stick using lower fee but giving away speed, the transaction fee increase because people are pumped up to move their coin in fear of missing the train.

there are still people using BSV particularly those who got a lot of fork coins. if you got a ton of it for free why not. transaction fee is really going to make btc transaction a pain, which i'd rather be using XRP of course i know its fee is much lesser. ETH also will have a higher fee later on. bullrun has its effect and buying altcoins will be its one. of course profit is along with it.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: chocopapaya on May 23, 2019, 11:12:02 AM

Actually, I'm more interested in who you are sending the bch and bitcoin sv to?
As far as I know, no one uses it or wants it.
It's only traded and is totally speculative.

BTC on the other hand, actually has use cases that are pretty widespread and useful.
So fees, fees, fees, its part of the tech.
If you are annoyed with it, than steer away from micro transactions and only use it for bigger ones.

Or you could switch to one of the generation 3 blockchains like iota, nano, or byteball.
Out of those, I like nano the best.
Once you use it, your eyes will be opened, you can never go back to normal blockchain again lol.

Exactly, Bitcoin SV or BCH are jokes, there are no people that really wants it considering that these two are just rip off from bitcoin and dont really have any use cases because they are not widely accepted as means of payment unlike bitcoin which has already become a universal means of payment in cryptocurrency.

The fee itself is actually already does make sense, even paypal is a lot higher than BTC but no one complaints anyway. There is also lightning network that could speed up the transaction and make transaction cheaper.

People could however still choose to stick using lower fee but giving away speed, the transaction fee increase because people are pumped up to move their coin in fear of missing the train.

ahmia39

sr. member

Activity: 1400

Merit: 251

Trident Protocol | Simple «buy-hold-earn» system!

The fee for bitcoin shipping is always high and I find it in several markets, so when I make a withdrawal of bitcoin I always change it in the form of altcoin, because the fee for sending altcoin is very cheap and very far compared to bitcoin.

florac9

jr. member

Activity: 280

Merit: 2

☀️ Iskra Coin ☀️

This makes me remember last bullrun it was very hard to send out bitcoin to other wallet,the transaction fees became so huge I'm talking about using up to 30$ for transaction fees this is why I always wish there should be some upgrade to bitcoin network

chocopapaya

full member

Activity: 686

Merit: 131

Actually, I'm more interested in who you are sending the bch and bitcoin sv to?
As far as I know, no one uses it or wants it.
It's only traded and is totally speculative.

BTC on the other hand, actually has use cases that are pretty widespread and useful.
So fees, fees, fees, its part of the tech.
If you are annoyed with it, than steer away from micro transactions and only use it for bigger ones.

Or you could switch to one of the generation 3 blockchains like iota, nano, or byteball.
Out of those, I like nano the best.
Once you use it, your eyes will be opened, you can never go back to normal blockchain again lol.

playboy654

member

Activity: 546

Merit: 32

Quote from: Dart18 on May 22, 2019, 07:05:37 PM

Yes it is a pain.
We have a lot of options by now though. You could go out and try Western Union. You will see that it is just the same or maybe worse than bitcoin transaction fee.
Other is Ethereum which is really cheap even before.
Now, you will only need to exchange your BTC to ETH which will also have fees. It will just be the same in the end.

Ethereum fee also nearly same at the moment if you want your transaction to be on the priority of the miners.Or any other altcoin if it got so much demand like bitcoin having then the situation will same as of now due to the increase of their value against USD which creates an illusion that current transaction fee is to high.

Menawi12

member

Activity: 700

Merit: 10

Quote from: Evergreen Star on May 21, 2019, 05:40:43 PM

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.

There is lightning network right now to reduce transaction fee and i think its very low fee. But there is a lot option if we want to transfer coin with more faster and cheaper, you can use RavenCoin or ethereum or other decentralized cryptocurrency

ricardobs

hero member

Activity: 1204

Merit: 505

Quote from: Evergreen Star on May 21, 2019, 05:40:43 PM

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.

I was only sick of it when I first came into the system and we began to see a major bull run in the price of Bitcoin and other crypto in the market, then I realized that the price we have to pay for seeing a bull run in bitcoin is that we are going to see an increase in the fees for sending out transactions until the price of the coin has been balanced.

cahbagus555

member

Activity: 756

Merit: 12

Quote from: fathur01 on May 23, 2019, 04:25:08 AM

Very strange, because I do not remember the last days I paid a high fees. But in extreme cases, you can try to make a transfer using LTC or other altcoin with low fees. Perhaps it was some kind of failure or error mining pool, this recently occurred in the Ethereum network.

Indeed, as far i know, bitcoin transaction very low and i think there is a mistake if the fees too high. Many option if we want to transfer crypto, if you think bitcoin are too expensive, you can use ethereum or doge or others coin, but for investment, i am prefer bitcoin

Indrawan77

hero member

Activity: 1274

Merit: 516

I think its your choice and it's a reasonable choice if you compare the fee, for fee maybe alt could be better choice, but btc can act as currency and its more stable, and more people accepting btc as payment, so for me its better to used btc as payment but each coin got advantage and disadvantage, so its depend on your need

steveabrahams

sr. member

Activity: 1050

Merit: 254

Quote from: Evergreen Star on May 21, 2019, 05:40:43 PM

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.

Sorry but it's not that high lol, you can still use <$1 fee an you can still get fast confirmed. I'm not recommend bitcoin cash. Litecoins should be fine if you want low fee. Tbh if we compared the fee of bitcoin with what happen on 2017, it's still super low imo. Still affordable and normal for the fee.

fathur01

full member

Activity: 700

Merit: 100

Very strange, because I do not remember the last days I paid a high fees. But in extreme cases, you can try to make a transfer using LTC or other altcoin with low fees. Perhaps it was some kind of failure or error mining pool, this recently occurred in the Ethereum network.

voltesbit777

sr. member

Activity: 910

Merit: 251

Altcoins for less transaction fees is a good alternative for bitcoin transaction. We already know that as the price of bitcoin rises, so with the number of transactions, so with the transaction fees. However, altcoins might have less percent increase in value than bitcoin, which makes it less valued. So, better to choose the one which is on the rise.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: Evergreen Star on May 21, 2019, 05:40:43 PM

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.

Sometimes or most of the times, there's congestion, that is why I always look for a better option to send altcoins or pay someone with altcoins and Ethereum is good alternatives and a good options for both parties, I believe in Bitcoin I still am but Ethereum is a good option when sending.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: pushups44 on May 23, 2019, 01:57:55 AM

Quote from: Evergreen Star on May 21, 2019, 05:40:43 PM

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 fees aren't that bad anymore, and the second layer infrastructure for it is still being developed. As for alternatives to bitcoin, there is LTC. At least LTC does not try to confuse the public by adopting the bitcoin name.

You can name any coins which have a low price than bitcoin, and you can have a low fee to pay. As he mentions bch and sv, then I think people can do the same thing as him. But the other people will not have the same decision to use that coin for a transaction or withdrawing to fiat. But yes, we need to know how much the fee of making the transaction so we can choose the coins which is fit with what we want.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

That's actually the struggle of most holders and it's hard to get rid of it. As the price of Bitcoin increases, the fees are also getting higher. I'm still paying those fees because I want assurance of gaining a good profit since bitcoin is profitable these days. I'm sure that same thing would happen to altcoins. When the prices increase, the fees would strike high as well.

mindrust

legendary

Activity: 3276

Merit: 2442

Those coins you mentioned are cheap because they are not secure.

They have less than %10 of bitcoin's hashrate.

If you are going to hold a few hundreds on those networks, I can understand your rage that's fine but many people keep their life savings on bitcoin's network and that's usually a few $10k's and sometimes it is more than $100k.

Nobody in the right mind would keep more than $1k on bcash.

Akonobea

member

Activity: 72

Merit: 10

It's quite strange how bitcoin transaction fees have increased off late but i am sure it's because of the recent increase in price of bitcoin. Moving to alts would only let you miss out on the bull run of bitcoin in case of a pump in price so better endure these fees.

Deallove9

copper member

Activity: 168

Merit: 0

In a short word you are telling us that bch and it counter part are better off btc, well its your opinion why we that believe in Btc will stay with it as who ever need btc from you will never take bch is Sv in replace for btc.

Get use to the fee as I don't don't pay much in sending and someone with empty block and low fees to convince people is only doing a copy of what we have and he jmhas no idea what so ever what bitcoin was cos if he did , he would have create it for a while or even create his own coin but only duplicate he know about.

Topic: sick of high fees Ive moved over to alts - page 4. (Read 899 times)