Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17285.

york780

sr. member

Activity: 392

Merit: 250

Quote from: podyx on May 08, 2017, 02:11:14 PM

Quote from: RayX12 on May 08, 2017, 01:45:55 PM

Quote from: bitcoinvest on May 08, 2017, 01:15:48 PM

i read now the last replies regarding the fees and how long you wait etc etc...
i maybe live in another world because the maximum i wait when deposit to exchange or send back etc is never more than 1 hour about....
and i never have problem to pay some small amount...
the question is .. where do we go from now regarding the price??

With the current fee fiasco I suspect we are going down.

Sry guys But I never had any problem sending BTC.
It always confirmed within time, it doesnt matter if I sended 1 btc or 10.
Just dont use stupid cam exchanges and btc is the best payment system ever created.

Haters just dont understand the magic.
DONT USE EXCHANGES ANYMORE, ITS OUTDATED.

That was just a secret message for some newbs that still dont understand btc.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: RayX12 on May 08, 2017, 01:45:55 PM

Quote from: bitcoinvest on May 08, 2017, 01:15:48 PM

i read now the last replies regarding the fees and how long you wait etc etc...
i maybe live in another world because the maximum i wait when deposit to exchange or send back etc is never more than 1 hour about....
and i never have problem to pay some small amount...
the question is .. where do we go from now regarding the price??

With the current fee fiasco I suspect we are going down.

RayX12

hero member

Activity: 952

Merit: 552

Quote from: JimboToronto on May 08, 2017, 01:53:04 PM

Quote from: RayX12 on May 08, 2017, 01:45:55 PM

Withe the current fee fiasco I suspect we are going down.

Current? The "fee fiasco" is many months old. Meanwhile the price of Bitcoin keeps rising.

I see no reason for it to stop now.

I never had problems in the past until the last two days. Fees have shut up through the roof!
It looks like my wallet generates transactions at an average of 600 bytes x 0.0000022 btc/byte (https://bitcoinfees.21.co/) = 0.0013 btc * 1580 = $2 per transaction wtf??
A small transaction of 0.25 BTC used 230 bytes x 0.0000022 x 1580 = $0.79 Shocked

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: RayX12 on May 08, 2017, 01:45:55 PM

Withe the current fee fiasco I suspect we are going down.

Current? The "fee fiasco" is many months old. Meanwhile the price of Bitcoin keeps rising.

I see no reason for it to stop now.

RayX12

hero member

Activity: 952

Merit: 552

Quote from: bitcoinvest on May 08, 2017, 01:15:48 PM

i read now the last replies regarding the fees and how long you wait etc etc...
i maybe live in another world because the maximum i wait when deposit to exchange or send back etc is never more than 1 hour about....
and i never have problem to pay some small amount...
the question is .. where do we go from now regarding the price??

With the current fee fiasco I suspect we are going down.

bitcoinvest

legendary

Activity: 1124

Merit: 1000

13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X

i read now the last replies regarding the fees and how long you wait etc etc...
i maybe live in another world because the maximum i wait when deposit to exchange or send back etc is never more than 1 hour about....
and i never have problem to pay some small amount...
the question is .. where do we go from now regarding the price??

york780

sr. member

Activity: 392

Merit: 250

Quote from: Torque on May 08, 2017, 12:36:03 PM

N00bs chasing altcoin riches be like:

I dont want to be a part of alts like bankster coin or infinite ICO fuel coin. Btc has everything I want from a crypto. Scale it and it has godmode.

Torque

legendary

Activity: 3780

Merit: 5429

N00bs chasing altcoin riches be like:

york780

sr. member

Activity: 392

Merit: 250

Lol xrp n2 on coinmarketcap. Eth is getting rekt lol. Whale battle of the second place ^^. Meanwhile btc keeps going up and doesnt give a f**k

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Karartma1 on May 08, 2017, 11:14:26 AM

Quote from: JimboToronto on May 08, 2017, 10:58:12 AM

Quote from: AlexGR on May 08, 2017, 07:19:34 AM

We first need to hit parity with the 400oz gold bars Cool

I'd be happy with parity with kilograms of gold. Cool

Never enough huh? Cool

We had the one dollar parity, the euro parity, the gbp parity, the silver price per gram parity, per oz, the same for gold but we crave for more.

LOL I thought I was being conservative. I was happy with a mere $40k per coin.

AlexGR was looking for almost half a million bucks per coin. I guess he's one of those people who thinks 21 coins will make you rich some day.

I figure you'll need a couple of hundred. Grin

Meuh6879

legendary

Activity: 1512

Merit: 1012

You see, at the end, Bitcoin buy all values ... and stop at 21 000 000 BTC.

And it's good.
I like "finished values" for a monetary system.

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: JimboToronto on May 08, 2017, 10:58:12 AM

Good morning Bitcoinland.

I see the battle for $1600 rages on... currently $1607USD (Bitcoinaverage).

It's in day 5 now. Consolidation's fine and all but I think we've already made the point that we're not in a bubble.

Enough's enough. It's time to move on up again.

Quote from: AlexGR on May 08, 2017, 07:19:34 AM

We first need to hit parity with the 400oz gold bars Cool

I'd be happy with parity with kilograms of gold. Cool

Never enough huh? Cool

We had the one dollar parity, the euro parity, the gbp parity, the silver price per gram parity, per oz, the same for gold but we crave for more.

RayX12

hero member

Activity: 952

Merit: 552

Quote from: Meuh6879 on May 08, 2017, 10:58:05 AM

THIS is not a thread for the fees over the Bitcoin network.

https://bitcointalksearch.org/topic/m.18896524

You are right, BUT that thread is locked!

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Good morning Bitcoinland.

I see the battle for $1600 rages on... currently $1607USD (Bitcoinaverage).

It's in day 5 now. Consolidation's fine and all but I think we've already made the point that we're not in a bubble.

Enough's enough. It's time to move on up again.

Quote from: AlexGR on May 08, 2017, 07:19:34 AM

We first need to hit parity with the 400oz gold bars Cool

I'd be happy with parity with kilograms of gold. Cool

Meuh6879

legendary

Activity: 1512

Merit: 1012

THIS is not a thread for the fees over the Bitcoin network.

https://bitcointalksearch.org/topic/m.18896524

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: RayX12 on May 08, 2017, 10:34:11 AM

Quote from: Meuh6879 on May 08, 2017, 10:17:58 AM

Fees don't rise.
They are variable ... you MUST survey the mempool to emit at low fees, it's all.

Real fees are calculate from :
- number of transactions in your emitter address
- age of your previous transactions in the emitter address
- mempool staturation

https://www.statoshi.info/dashboard/db/memory-pool
https://tradeblock.com/bitcoin

Interesting but neither link provides any idea of what sort of fees I should aiming. I have adjusted my wallet to pay 0.0002 per KB and nothing.. In a few hours I will try 0.0003..

ya know what would help here? more block space. Cheesy

seriously though - .0003 is about 46 cents at stamp prices. that's kinda insane, as a per kilobyte fee. makes me a bit sick.

RayX12

hero member

Activity: 952

Merit: 552

Quote from: Meuh6879 on May 08, 2017, 10:17:58 AM

Fees don't rise.
They are variable ... you MUST survey the mempool to emit at low fees, it's all.

Real fees are calculate from :
- number of transactions in your emitter address
- age of your previous transactions in the emitter address
- mempool staturation

https://www.statoshi.info/dashboard/db/memory-pool
https://tradeblock.com/bitcoin

Interesting but neither link provides any idea of what sort of fees I should aiming. I have adjusted my wallet to pay 0.0002 per KB and nothing.. In a few hours I will try 0.0003..

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Quote from: Qartada on May 08, 2017, 10:11:41 AM

There's no "real" fee. Miners don't actually need fees yet - their revenues would be extremely high with the block reward anyway. Fees and rising prices are what's causing a spiralling and pointlessly high amount of miners.

Fees should only be necessary for miners to treat your transaction as priority, not for them to accept your transaction at all. That can change when the block reward decreases enough relative to the price, but right now fees are just a market.

Miners do need fees because of spam transactions. When fees were zero too many twinks were sending out spam transactions on the net that blew out mempool and hogged all the space. Thus miners don't take zero fee transactions these days and the transactions there rot on the chain. There should be a garbage collector running on those but there isn't.

So when a dirt-ton of people want to do transactions, the highest fee wins. As for too many miners I agree but that will drop as the rewards get cut unless the price continues to be batty.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Fees don't rise.
They are variable ... you MUST survey the mempool to emit at low fees, it's all.

Real fees are calculate from :
- number of transactions in your emitter address
- age of your previous transactions in the emitter address
- mempool staturation

https://www.statoshi.info/dashboard/db/memory-pool
https://tradeblock.com/bitcoin

Qartada

hero member

Activity: 546

Merit: 500

Quote from: Meuh6879 on May 08, 2017, 10:06:38 AM

Pay the real fees ?
Fees are VARIABLE.
Use a true wallet, one that it calculates the real fees ... when you emit.

There's no "real" fee. Miners don't actually need fees yet - their revenues would be extremely high with the block reward anyway. Fees and rising prices are what's causing a spiralling and pointlessly high amount of miners.

Fees should only be necessary for miners to treat your transaction as priority, not for them to accept your transaction at all. That can change when the block reward decreases enough relative to the price, but right now fees are just a market.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17285. (Read 26609605 times)