Whats the future of bitcoin with these high fees? - page 7.

xYakult

sr. member

Activity: 518

Merit: 258

Quote from: Hoangle1523 on December 28, 2017, 07:39:58 AM

$20 fee for a $120 payment!
These fees make using bitcoin unpractical. When people stops using it, Bitcoin should start losing its value... Some believes bitcoin will gain value because it is considered as virtual gold and a kind of investment even if it loses its "Money" feature.

Is bitcoin going to get fixed and make itself an easy and cheap payment method again?

Yeah nowadays the fees are very high specially if you are only sending small amount of bitcoins the fees will hurt your pocket. When some people stops using it as you said, fees will likely go down as number of transaction in the network decreases

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

everyone has this problem of paying high rates, I was angry myself these days because I paid 0.002 btc of fee and as if that was not a big loss I had to pay a 1% fee and I had to pay another $25 of the rate, I transfer $1000 for my country and I pay $200 of fee... it would be very good if they solved this question of high fee to minimize my situation

Quote from: Hoangle1523 on December 28, 2017, 07:39:58 AM

$20 fee for a $120 payment!
These fees make using bitcoin unpractical.

if you transfer money to your visa card, you pay a very large fee. $350 and they charge a fee of $30

Quote from: Hoangle1523 on December 28, 2017, 07:39:58 AM

Is bitcoin going to get fixed and make itself an easy and cheap payment method again?

one day these problems will be corrected

Kez1817

member

Activity: 909

Merit: 17

www.cd3d.app

The bitcoin value is still high and i think time will come the transaction fees will getting lower. I think the fees are high because they knew that there is still a greater demand of bitcoin. But it is okey even it is high fees as long as there is still a profit.

Hoangle1523

jr. member

Activity: 182

Merit: 4

$20 fee for a $120 payment!
These fees make using bitcoin unpractical. When people stops using it, Bitcoin should start losing its value... Some believes bitcoin will gain value because it is considered as virtual gold and a kind of investment even if it loses its "Money" feature.

Is bitcoin going to get fixed and make itself an easy and cheap payment method again?

Topic: Whats the future of bitcoin with these high fees? - page 7. (Read 493 times)