Topic: The reason why bitcoin transaction price was so high - page 2. (Read 157 times)
Why is there so much congestion? Is the adoption of bitcoin really that high at the moment
The cost of bitcoin payments is skyrocketing because the network is totally overloaded
source:http://www.businessinsider.com/bitcoin-payment-mining-fees-hit-new-high-2017-12
In the link above there were some reasons why most bitcoin transaction fee was getting higher and higher and higher
How to lessen your headache because of transact fee:
(this is only the best thing I know feel free to suggest)
Use other crypto so called altcoins instead of just using one crypto that is bitcoin you can try to use ETH,XRP or LTC
because as of today the users of this crypto are not the same as BTC.
PS: if you have any suggestion to avoid or lessen high btc transact fee in your transaction please just comment it down
that would be a great help to everyone thanks
more power
As you said the transaction fee is heavy due to more load in the blockchain network but it is just a temporary problem and it can be resolved once the lightning network was implemented but I am not sure how long it will take to implement.source:http://www.businessinsider.com/bitcoin-payment-mining-fees-hit-new-high-2017-12
In the link above there were some reasons why most bitcoin transaction fee was getting higher and higher and higher
How to lessen your headache because of transact fee:
(this is only the best thing I know feel free to suggest)
Use other crypto so called altcoins instead of just using one crypto that is bitcoin you can try to use ETH,XRP or LTC
because as of today the users of this crypto are not the same as BTC.
PS: if you have any suggestion to avoid or lessen high btc transact fee in your transaction please just comment it down
that would be a great help to everyone thanks
more power
You can use segwit suppoted wallet to reduce the fee a little bit and yiur transaction will be faster in the segwit address when compared to normal address.
Think this is the reason why so many Altcoins are gaining in value all of a sudden. People are fed up with the high transaction fees and slow network. Quicker they fix it the better
Altcoins are only good for moving money between exchanges right now, there aren't a lot of practical applications for them beyond speculation right now. I would be more inclined to predict that a majority of people who do have some kind of altcoin portfolio are not interested in using them at their local store and are more interested in earning BTC from the trading that they can do. It's an honestly smart strategy too, considering you can move a LOT of money for very cheap and potentially make money off of the transaction as well. It's not necessarily likely, but it is entirely possible.There is no fix for the network beyond people not filling it up with even more transactions. There needs to be a deficit in new transactions compared to block sizes so that some of the aging transactions can get confirmed and fill the open space in the blocks. It's simply too full of transactions right now.
I think so and other factors might be because of the high price of bitcoin
Think this is the reason why so many Altcoins are gaining in value all of a sudden. People are fed up with the high transaction fees and slow network. Quicker they fix it the better
The cost of bitcoin payments is skyrocketing because the network is totally overloaded
source:http://www.businessinsider.com/bitcoin-payment-mining-fees-hit-new-high-2017-12
In the link above there were some reasons why most bitcoin transaction fee was getting higher and higher and higher
How to lessen your headache because of transact fee:
(this is only the best thing I know feel free to suggest)
Use other crypto so called altcoins instead of just using one crypto that is bitcoin you can try to use ETH,XRP or LTC
because as of today the users of this crypto are not the same as BTC.
PS: if you have any suggestion to avoid or lessen high btc transact fee in your transaction please just comment it down
that would be a great help to everyone thanks
more power
source:http://www.businessinsider.com/bitcoin-payment-mining-fees-hit-new-high-2017-12
In the link above there were some reasons why most bitcoin transaction fee was getting higher and higher and higher
How to lessen your headache because of transact fee:
(this is only the best thing I know feel free to suggest)
Use other crypto so called altcoins instead of just using one crypto that is bitcoin you can try to use ETH,XRP or LTC
because as of today the users of this crypto are not the same as BTC.
PS: if you have any suggestion to avoid or lessen high btc transact fee in your transaction please just comment it down
that would be a great help to everyone thanks
more power
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