sick of high fees Ive moved over to alts - page 5.

talkbitcoin

legendary

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All I know is that I know nothing.

haha, obviously OP is just an altcoin bag holder who is wishing for more profit Cheesy

there is only two cases where you use cryptocurrencies:
1. investment.
in which case there is no way anybody in his right mind to give up bitcoin for altcoins since we all can see the potential of bitcoin and how it is the only thing that moves in long term while others continue to drop.
not to mention that investors don't care about fees!

2. currency.
in which case if you wanted to spend bitcoin, the places you want to spend doesn't accept altcoins so even if you switch to altcoins they still don't accept it and you had fooled yourself and lost a lot of money for that conversion.

maxreish

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Quote from: dunfida on May 21, 2019, 06:53:22 PM

Quote from: Evergreen Star on May 21, 2019, 04:40:43 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.

Get used to it and thats the main problem with Btc when the entire network is congested when the price tends to rally.So having another altcoin as an option isnt bad afterall.

At first, i was also complaining about the high fees. But yes, I am now used to it. You can get back the fres when you earn profits from btc trading, right? Anyhow, that is your decision. Altcoin transactions is greater than btc, i may agree with that since I've also determined the differences between altcoin tx's and btc tx's.

I could suggest you choose an exchange that offers small fees. DYOR is the best thing here to know the best exchanges that had smaller fees with good system.

pushups44

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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.

disconnectme

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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 don't understand why people always complain about the fee of BTC, what BTC guarantee is security, how many confirmation do you need for BTC deposit on exchange as compare to BCash, do not mention BcashSV. If you are transferring from you own wallet there are ways to scale down the fees, if you are not interested in the speed of things.

Pffrt

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You can use segwit for lower fees. The problem with BCH and BSV is those coins can anytime get destroyed, specially BSV since they have shady behavior from the beginning.
If you use cryptocurrency as payment method, why don't you use other coins? There's thousand of coins. I suggest using DeepOnion because it has faster speed and lower fees.

freedomgo

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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.

That's really the problem now when bitcoin are mooning since the network is congested.
I just got to be used to it as I need to transact, but your idea is good but for me, I haven't tried using BCH or SV for transaction, I am using ETH as an alternative, it's not that cheap but the transaction fee is more acceptable compared to BTC's current transaction fee now.

Shova

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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.

The fees are relatively lower than they were before. You just need to adjust the fees according to your urgency. I'm doing most of my transactions below 50 cents. Though 50 cents is still high if you consider other alts.

labilaab

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TRADE WITH NEGATIVE FEES

I feel you thats why I transfer to ethereum too since theres a lot of affordable transaction site to use for it unlike btc. I happen to be inlove using eth's platform already and been trading a lot for a long time already.

Dart18

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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.

jakelyson

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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.

Why are you still stuck in core when you can use segwit for cheaper and faster transactions? I think you should try it.

shield132

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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 still don't understand what these people want. Why are there altcoins (alternative coins)? Because they offer you what bitcoin can't offer and opposite, bitcoin offers you what altcoins can't offer.
Let me explain why it seems like people stick with bitcoin and pay high transaction fees: I have bitcoin, price rises, when other person without bitcoin sees this, he/she wants to buy bitcoin and do what I do - buy low / sell high.
This causes increased number in transactions which automatically leads to an increased fees. In any way I have to move bitcoin because I make money from it, thatms why I stick with it and don't care much about transaction fees.

leowonderful

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Bitcoin FTW!

I gamble pretty regularly and I've been switching over to using Litecoin recently. Most crypto casino sites accept LTC as a method of deposit, and fees are much lower than Bitcoin's most of the time. I've also tried out using Doge and other coins with lower fees that are accepted by casinos in the past, but LTC's accepted in more places in general than most of those other coins and I've been keeping a small part of my crypto stash in LTC ever since.

enhu

legendary

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Of all altcoins, you pick the BSV that most people here are avoiding. Fees are really is giving headaches. There are so many altcoins to choose from, you could have pick the ones that is obvious being used in casinos at least. Pick EOS or the ETH which still hasn't bloom much since the start of the bulls.

carlfebz2

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Quote from: gentlemand on May 22, 2019, 03:52:31 AM

My conclusion - the shittest shitcoin in shitland.

Havent tried out to make transactions with BSV but the thing you are trying to elaborate here do picture out on how shitty this coin is.I do rather treat this question as trolling yet there are lots of options way more better than
on this shitty Bitcoin fork shitcoin. hehe

diazepam666

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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.

While you making transaction, it will pass through the blocks and if you needs transact it very fast then you need to pay high fees for that transaction. Generally most of the wallet providers prefixed the average fees to make the transaction. If you modify it then it really hard for you in fee structure.

To solve the fee problems you may move the BTC to any trusted segwit wallets like Electrum, Greenadress and so on.

I believe the conversion your bitcoin to BCH and BSV is not a nice idea when we are checking the potential comparison of this and that coin.

To learn more how to reduce the fees you read it here on bitcoin wiki.
https://en.bitcoin.it/wiki/Techniques_to_reduce_transaction_fees

playboy654

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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.

May I know how much you had transacted and what fee you had paid? Tongue

Fee is almost $1 when I made a transaction today which might worth about $150 or less and I guess this is not the fee will make someone sick.

BCH is not the right option when you want to reduce fee,there are some shit coins with no or very low fee for transactions.Try it.

1Referee

legendary

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Quote from: Evergreen Star on May 21, 2019, 04:40:43 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

I can see that you're just a troll boy. Why would you choose both BCH and BSV? Someone really interested in shifting would choose one.

Quote from: Evergreen Star on May 21, 2019, 04:40:43 PM

I dont understand who the hell wants to pay high fees to send money to someone.

I don't understand why anyone would use a network (BSV) that got re-orged a couple of times recently, or a network (BCH) where BTC.TOP mining pool obtained 55% of the hashrate a couple of days ago. On top of that, Calvin is trolling BCH's network by mining empty or near empty blocks. Now that's cool. Roll Eyes

eternalgloom

legendary

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Fees really aren't that bad anymore at the moment, I don't think I've paid more than around 75 cents in fees in the past couple of days.
Didn't have to wait too long for confirmations, like an hour at most.
Now, I don't typically pay what my wallet suggests, I look up the fees beforehand.

https://bitcoinfees.earn.com/

You can see that a lot of people are just overpaying at the moment.

gentlemand

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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.

Caladonian

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Quote from: michellee on May 21, 2019, 09:44:25 PM

Quote from: Evergreen Star on May 21, 2019, 04:40:43 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 think some people don't mind to pay high fees to the network because the amount of withdrawing they made will bigger than the fee itself. Besides that, I think with the higher fee of the transaction, it will get confirmed in a short time and we don't have to wait for long or even days. But it depends on every people who want to use other coins, and we cannot force them to use bitcoin only.

Yes, for those who can afford the transaction fees and wanted to have a much quicker transactions will not mind the amount, but for small traders/investors who just earning little fractions of bitcoin surely they will feel the fees, and like what you have said everything will be depends on how people will embrace this process and support the system.

We do have our own freedom choosing what we wanted to support inside this industry, that's the reason behind why people still supporting the market.

Topic: sick of high fees Ive moved over to alts - page 5. (Read 904 times)