Topic: Why the transaction price of bitcoin so high? (Read 1883 times)
To understand the issue, it's key to look at how bitcoin transactions are processed. Transactions by users are gathered into "blocks" which is turned into a complex math solution. So-called miners, using high-powered computers work these solutions out to determine if the transaction is possible. Once other miners also check the puzzle is correct, the transactions are approved and the miners are rewarded in bitcoin.
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
Well it was now really in demand maybe that was one of the reasons why its transactions price is high. The token is a store of value used to exchange for goods and services. Bitcoin is not regulated nor is it a legal tender but it is popular in some countries and in high demand which drives prices to rise but it was too much curious and concerned because it is hard to pinpoint and find where exactly the value of bitcoin lies.
I think bitcoin trading prices are getting higher due to the increasing transaction volume. The transaction volume in Btc has become high as the buying and selling of coins has accelerated
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
The transaction price of bitcoin is so high because I think that they are more focused to the transaction price because it has more investors.So handle carefully your account because many annonymus can steal it.Anyone can achieved the higher price just be hardwork on that.
The transaction of bitcoin is so high, it it's because of a big value that is getting higher everyday. You can easily transfer a money without any hassle just send it through online. We are happy of what's happening now. I hope that this forum will long last. Anyone can afford the price with your hard work attitude.
I think they seriously take advantage of bitcoin price because it is increasing they think that they can also increase the price of the transaction, that they know that anyone can't argue about the price of it.
Yeah, BTC transaction fee corresponds to BTC price. For criptocurrency exchanges mostly it is 0.001 BTC. For BTC wallets it could be different and depends on speed of transaction.
I think they seriously take advantage of bitcoin price because it is increasing they think that they can also increase the price of the transaction, that they know that anyone can't argue about the price of it.
The reason that the transaction price of bitcoin is high because the value of bitcoin has increased and there are many new investors who is investing in bitcoin.
The bitcoin transaction price has become so high possibly because of the reason that after the decrease in price back last few days, the number of transactions in Btc have become high as the process of buying and selling of coins has gained speed. Thus, the prices on international exchanges have got increased for the purpose of limiting the money transfers and moving the price chart again to a stable level. 
Because more and more people are willing to buy and hold bitcoin for a long time, we all choose to buy it for the time being without selling, so the price of bitcoin is getting higher and higher.
Hmm.. some of the investors are looking for long-term and they are holding their coins in cold storage. But there are others who are doing either full or partial profit booking right now. Look at the order books in various exchanges right now. There is no shortage of sell orders for Bitcoin.
Because bitcoin prices are always high every day and the demand for bitcoin is increasing every year. The bitcoin process is not like national money because every bitcoin transfer does not need to pay taxes on transfers and many other advantages
We only need to buy bitcoin when the trade price goes down and keep bitcoin in the wallet or invest it to a company that you believe the company project is successfully
We only need to buy bitcoin when the trade price goes down and keep bitcoin in the wallet or invest it to a company that you believe the company project is successfully
Because more and more people are willing to buy and hold bitcoin for a long time, we all choose to buy it for the time being without selling, so the price of bitcoin is getting higher and higher.
The price of bitcoin is so high because it has a big value and it's getting higher every day. Bitcoin has a big demand in our universe. You can easily transfer your money here without paying taxes so you can't feel a hassle here.
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
You wanted to know that why transaction price of bitcoin so high i think it depends bitcoin price. Bitcoin prices were a few days very high but now a time bitcoin price is down so i think transaction price is high.
The reason that the transaction price of bitcoin is high because the value of bitcoin has increased and there are many new investors who is investing in bitcoin.
Too many assholes day-trading BITCOIN
The way it works is that if you want a transaction u can attached a 'fee' pay a special price and it puts you ahead in the queue
The exchanges (CASINOS) must process their transaction quick so that BIG big numbers on the fee's
Many exchange all competing to be first, so the fee's rise
***
People who just use BITCOIN like a bank, can pay zero fee and wait a few hours.
Thus its ONLY the assholes that are paying fee's.
The funny thing is FEES go to the GUY who found the blocks, so all this money spent by assholes is going to miners.
I think the transaction fee is it depende to how many unconfirmed transcation to the blockchain thats why sometimes it cheap but when bitcoin having fork it become so high
The reason that the transaction price of bitcoin is high because the value of bitcoin has increased and there are many new investors who is investing in bitcoin.
I think some users have misconception about transaction fees. In bitcoin, the miners fee of transferring 5$ is the same with the fees of 5,000usd. It is not the amount of money you send with dictates the transaction fess, but rather the amount of data in a block your transaction is taking up. One factor is that some are claiming that after the fork last august, there will be speed of transactions. However, this will on affect to segwit addresses, an address that supports that segwit. Though, there are only few created and there has been none created today.
Here is the article: http://bitcoinist.com/bitcoin-fees-work-segwit-high/
Here is the article: http://bitcoinist.com/bitcoin-fees-work-segwit-high/
Transactions fees aren't high, it's just that there's a high chance that you have used a bad bitcoin wallet. Also fess are pretty reasonable compared to the hassle of sending fiat overseas.
ithink it depend what your paying for..the higher you pay the lessthan your transaction fee isn't? i observe that when i send btc if i send small amount the fee is so high when i send big amount the fee is cheap..by the way ihad few transaction correct me if im wrong...
I believe transaction fees varies from time to time depending on the volume of
the transactions needed to be solved at a given time. Before the fork transaction
fees went high because of the high volume of the transactions.
Supply and demand also affects the increase in transaction fees.
Exactly. And remember when the network was very clogged prior to the first Segwit implementation? The fee that time was so high because someone keeps attacking the network and spamming the hell out of the mempool causing the fees to go high. But for me its now very cheap and its very seldom that the network is clogged because the spammer had stop already. So choose a wallet that make you adjust the transaction fees like Electrum so that you can set in up with the correct amount you want to used with your transactions.
ithink it depend what your paying for..the higher you pay the lessthan your transaction fee isn't? i observe that when i send btc if i send small amount the fee is so high when i send big amount the fee is cheap..by the way ihad few transaction correct me if im wrong...
I believe transaction fees varies from time to time depending on the volume of
the transactions needed to be solved at a given time. Before the fork transaction
fees went high because of the high volume of the transactions.
Supply and demand also affects the increase in transaction fees.
Jump to: