Bitcoin Forum

 ;D Guys you better do something or an altcoin will take over once for good, this is slowly becoming a bad joke, don't care if 1 BTC is $2,000

If you want to move funds to and out an exchange (and want to make sure it's confirmed fast) you pay $16 ! for basically nothing

Yeah if I were a whale I wouldn't mind, but I'm not one

what can be done?

They are devs out there; if I knew I would do it myself :) However the BTC current price is not reflecting reality this way, it's a big bubble!

If you are moving funds between exchanges, use something like litecoin which as low fees and the price seems to have stabalised too.

I want to move them from me to exchange and backwards

Seems no one cares about ugly fees scenario except users like us who could only repent and do nothing.
I guess day is not far away when bitcoin market cap will be beaten by other coins. Present increase in altcoin price is also due to this scalability issue and increased interest towards alts.

Yes I'm considering moving to other alt coins if this doesn't change any time soon; BTC price doesn't represent the true reality

Most of these transactions that are slowing down the Bitcoin network is spam. Many transactions are extremely small, the size of the fee itself and this makes us all wait.
I've been checking the number of unconfirmed transactions and it was very high on Friday and Saturday, but it's much smaller today.

Its about choosing scaling solution. There are pros and cons of every scaling options out there, this is problem, people argue since years.

Let's let them argue and see another alt coin becoming number 1 then :) The market cap difference is getting smaller and smaller

That kind of transaction fee is extremely unusual.  

Based on very rough estimates, that would be a fee of BTC0.00395 at current estimates, which is 395,000 satoshi.  As bitcoinfees.21.co (http://bitcoinfees.21.co) says, the median transaction size is 226 bytes, resulting in a fee of 67,800 satoshi with 300 satoshi/byte.

You can still get confirmations in less than a day with half of that fee, which would be about 33,900 satoshi, which is about $0.7.

You must have had a very large transaction.

There you go - $6 to get in the next 2 blocks

https://estimatefee.appspot.com/

I think we should move to the Ethereum network because I find that it is more effective and the fee is more affordable than Bitcoin. Otherwise, you can use exchange wallet because they are all in the priority of the miners so we only need to pay a small fee for every transaction ( about 0.001 Bitcoin

No one cares except the users...

This won't end well.

Wow you must have a ton of inputs. I feel sorry for you, rolling your pennies until you can finally get your $100 bill, then you find out you're going to have to ship the pennies across the world. DAMN!

:) it's not just about me here: https://estimatefee.appspot.com/

$8 will be too high, and I don't think that users will stick with Bitcoin if the transaction fee becomes this much unaffordable. Greedy miners are destroying the Bitcoin.

I am forced to use altcoins to move between exchanges. It does suck having to do that. It makes things a lot more complicated for normal average people who don't want that hassle. Right now BTC is a hassle and costs $$$ in fees.

Your pain is something I still share today that I am still taken  aback by the rate things are really going where I sent a transaction since yesterday even with the recommended fee but this transaction is still having zero confirmation which is very annoying. I personally don't mind the high fees but the delay is what is really a thing for concern if it won't backfire to hurt bitcoin in the process.

It's a bit too much already and it's not the end. If the block size situation is not resolved the fees will keep getting higher.
Fortunately everyone can see it and the pressure is on the devs to do something about it. I'd love to see SegWit implemented as it would resolve the problems we're facing without too much centralization. It might cause a small dump at first as people might be worried how it goes, but eventually we'll have a big comeback and a price pump.
Everyone would be happy with faster confirmation times, lower fees and price boost, it would be a win - win situation.

That is a legitimate reason to move coins through altcoins escape the transaction fee but it does make me consider if we are at the point where there is an exchange arbitrage between sending via different coins.
Well maybe not but kind of like in the olden days where different exchanges had different prices partially because of how much it cost to deposit on the exchange only applied to altcoin sends vs bitcoin ones.

The whole system is unusable now when compare with three years ago, unless segwit happens. You can expect to wait for 1 hour even for one confirmation if you are a bit unlucky.

Moving money through altcoins kinda risky, the value may decrease alongside with the fluctuation and not a good thing, I would honestly consider paying a higher fee rather than losing more in the middle of the way.

LOL, maybe he just got his pennies gathered into one place but unfortunately, it's also mean the significant increase of transaction size. No offense guys  ;D .

I agree, something has to be done SOON. Users (especially new users) will
not tolerate this forever. I'm with bitcoin for some time and willing to sacrifice
much, but even for me it sucks..

Big thing. All of us were aware that one we will experience something like this in the future. It is your fault if you didn't prepare yourself for this.
The only solution is either stop spending bitcoins to buy digital goods or services or either convert it to some other alt and ask the seller weather he can accept it or not.

Before doge suddenly started attracting the attention of pumpers, it remained remarkably steady in dollar terms, which meant it was practically risk free to use it to move. Sadly that ended a few weeks ago as it joined the Great Altcoin Bubble.

At the moment litecoin is not fluctuating much, so use that to transfer money.

This is indeed getting crazy but it seems to me that no one is listening that can help us small players. Why? Because this big problem is serving well the miners and the exchangers so they can get more profits. it has become like a big incentive to them not to solve this problem. Well, maybe until Bitcoin can be dead then they might act on it. It is really time we get fed up with the way it is. It is maybe time for a revolt.