Title: high bitcoin fee!! Post by: kuronokishi10 on December 30, 2017, 12:56:51 PM when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Title: Re: high bitcoin fee!! Post by: Shu1llerr on December 30, 2017, 01:08:34 PM in this there is another plus. regardless of the price, the amount of the transaction is unchanged. Imagine you are transferring a large amount and how much will you pay with it - a lot? I do not think it's good, especially for those who use bitcoin as a means of payment. ethereum serves entirely for other purposes.
Title: Re: high bitcoin fee!! Post by: niotib on December 30, 2017, 02:23:42 PM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Don't wait for this. Use Altcoins and exchanges. Title: Re: high bitcoin fee!! Post by: jakirtanvir on December 30, 2017, 02:29:46 PM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? I think you should go for the altcoin. Because bitcoin value are not getting low anymore. Title: Re: high bitcoin fee!! Post by: iL_P4driNo on December 30, 2017, 02:32:20 PM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? I don't think we can see this soon, fees are higher everyday and people started to be frustrated. I think this is why Bitcoin price is dumping and Ethereum price is stabilized for now. Title: Re: high bitcoin fee!! Post by: jinksters09 on December 30, 2017, 02:33:11 PM The reason why people go for alternative coins is that of this high amount of transaction fee, imagine the transaction fee is higher than the amount you're about to send, which is unlike alt coins which only costs for only a reasonable amount. If this keeps up, I will no longer why many people abandon bitcoin.
Title: Re: high bitcoin fee!! Post by: BrewMaster on December 30, 2017, 02:43:09 PM when will the bitcoin fee be reduced or moderated? it will eventually happen. people will either stop using bitcoin so the fees will come down or the spam attack finally stops and fees come down. in the long term we will have a real scaling solution too which will mean fees will come down. but it takes time to implement things like LN. Quote i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. so far as i know ETH fee is exactly the same as bitcoin and it goes up with price and also goes up ridiculously faster than bitcoin when there is a clog in the network from ICO transactions or just some smart contract using ETH network to make transactions. when will this improvisation take place in bitcoin? Title: Re: high bitcoin fee!! Post by: meer45 on December 30, 2017, 02:44:13 PM People keep talking about how the lightning network will solve all of these problems, but I'm doubtful. No one can reliably say when the lightning network will be implemented, and I'm not keeping my hopes up that this problem will be solved soon. I hate to say it, but I've come to accept it as a fact.
Title: Re: high bitcoin fee!! Post by: pekicz on December 30, 2017, 02:47:21 PM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Who knows. Bitcoin is making value of whore crypto market. I dont care if is good for payments or not. For micropayments there are another coins. Bitcoin is for me like physical gold. Title: Re: high bitcoin fee!! Post by: bitcoinzen on December 30, 2017, 02:48:05 PM Bitcoin fees may come down soon segwit 2x is implemented so we can expect less fee and fast lighting transactions
Title: Re: high bitcoin fee!! Post by: Abdul Wasay on December 30, 2017, 02:50:16 PM The only disadvantage of btc is the high fee charged that changes the mind of investors to choose another option of coin in my opinion this has to be changed.
Title: Re: high bitcoin fee!! Post by: hilda483 on December 30, 2017, 02:50:43 PM The reason why people go for alternative coins is that of this high amount of transaction fee, imagine the transaction fee is higher than the amount you're about to send, which is unlike alt coins which only costs for only a reasonable amount. If this keeps up, I will no longer why many people abandon bitcoin. Slowly the market cap of Bitcoin will swtich from the the Bitcoin to the alts. That's gonna be a great moment for the crypto world, when poor become rich and reach become a little poorer. Title: Re: high bitcoin fee!! Post by: leland orser on December 30, 2017, 02:53:32 PM The current bitcoin transfer fee is indeed too high to be accepted, and do not know when the new technology can change the problem of block congestion and reduce the cost of transferring money. ???
Title: Re: high bitcoin fee!! Post by: Painbird on December 30, 2017, 03:01:45 PM Bitcoin fee is become confusion in nowadays. Actually the more it price increasing the price will become so high. Actually the fee is happen when you transact it in wallet address. But its not fact when you use it by your email. so I will suggest to use email. You can use wallet when need a major transactions.it's my personal opinion
Title: Re: high bitcoin fee!! Post by: Ekanenf on December 30, 2017, 03:11:59 PM The reason why people go for alternative coins is that of this high amount of transaction fee, imagine the transaction fee is higher than the amount you're about to send, which is unlike alt coins which only costs for only a reasonable amount. If this keeps up, I will no longer why many people abandon bitcoin. No matter what you Trade here in the cryptocurrency world, you are still going to end in bitcoin, because you are going to trade your altcoins into bitcoin for you to have fiat after you convert your bitcoins. We couldn't do anything about this high fee since the price of bitcoin is getting high and high everyday, that is why the miners are taking this as an advantage to earn more because of the rapid increase of bitcoin demands. Title: Re: high bitcoin fee!! Post by: Wingo on December 30, 2017, 04:03:03 PM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? This is where the use of alts comes in. Bitcoin is getting unusable because of the slow transaction and it is not nice for us bitcoin users. We cannot do anything other than change it into another alt with a faster network, a faster transaction confirmation. But it is completely hassle but we have no other choice. Title: Re: high bitcoin fee!! Post by: muratsink on December 30, 2017, 05:04:12 PM The reason why people go for alternative coins is that of this high amount of transaction fee, imagine the transaction fee is higher than the amount you're about to send, which is unlike alt coins which only costs for only a reasonable amount. If this keeps up, I will no longer why many people abandon bitcoin. No matter what you Trade here in the cryptocurrency world, you are still going to end in bitcoin, because you are going to trade your altcoins into bitcoin for you to have fiat after you convert your bitcoins. We couldn't do anything about this high fee since the price of bitcoin is getting high and high everyday, that is why the miners are taking this as an advantage to earn more because of the rapid increase of bitcoin demands. naturally the fee for bitcoin is so high, but many solutions to avoid the delivery of bitcoin, I'm not too worried about the financing of bitcoin delivery is so high. Title: Re: high bitcoin fee!! Post by: Reid on December 30, 2017, 05:07:00 PM The heavy traffic at the blockchain needs to be cleaned first.
This happened before and that is the solution too. They increase the fees so that they can minimize the transaction that will be done. I think the faucet payer was the culprit because of low payments that directs to the wallets of faucet workers. If that is cleared then it will be back to normal. For now use the pools. Title: Re: high bitcoin fee!! Post by: endlasuresh on December 30, 2017, 05:10:48 PM As far as people said the mining fee is high and most are mining that has greater fees so our transaction will stuck if the fee is lower. I don't know much about these things, but you should use Ethereum or Litecoin that is much better and faster transaction.
Title: Re: high bitcoin fee!! Post by: dvbcrypto on December 30, 2017, 05:13:21 PM I usually use btc change eth, btc fee high and slow transactions, eth is cheap and fast.
Title: Re: high bitcoin fee!! Post by: jhonjhon on December 30, 2017, 05:15:56 PM when will the bitcoin fee be reduced or moderated? High fees of bitcoin transactions is making some company not to pay with btc for any services they are asking for. i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? This problem now is just the effect of bitcoin price hike in the previous months, and it could only be lessen once bitcoin will go back into below $10k maybe. So they decided to used eth instead of btc for it only have a low fees. Title: Re: high bitcoin fee!! Post by: Momoamzad on December 30, 2017, 05:16:16 PM Yes I have notice that bitcoin transaction fees now become high. It is too much . it is not good for user like Us . it takes many time to transfer because of high fees
Title: Re: high bitcoin fee!! Post by: moetimas on December 30, 2017, 05:31:10 PM The heavy traffic at the blockchain needs to be cleaned first. This happened before and that is the solution too. They increase the fees so that they can minimize the transaction that will be done. I think the faucet payer was the culprit because of low payments that directs to the wallets of faucet workers. If that is cleared then it will be back to normal. For now use the pools. I have seen this discussion a lot in this forum, and I have never found a solution. your opinion is true, the payment of a tap using a small fee will only increase the number of unconfirmed bitcoin transactions. this should be resolved soon, as many bitcoin communities are troubled by this problem. Title: Re: high bitcoin fee!! Post by: Sahabat_ on December 30, 2017, 06:03:36 PM Yes I have notice that bitcoin transaction fees now become high. It is too much . it is not good for user like Us . it takes many time to transfer because of high fees indeed the fee fee for bitcoin is very high and it can not be prevented because the value of Bitcoin also creeps up to a very high priceand maybe in the future there is a new solution to the problem of this fee can be overcome and not burdensome for new players like me this Title: Re: high bitcoin fee!! Post by: Potatohead on December 30, 2017, 06:08:10 PM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? I think the fee depends on bitcoin price, so don't be shocked when it increases because bitcoin price is crazily increasing and decreasing fast. Bitcoin transaction fee is really a bother especially if you are just transferring a small amount of money. Title: Re: high bitcoin fee!! Post by: Anti-Cen on December 30, 2017, 06:28:17 PM Come on people wake up will you now
BTC has too many miners, 20,000 in all and they all want cream from the cake and are locking us in because we now have a banker monopoly of ten big names doing 90% of all mining and you can see this from the cart below. https://blockchain.info/pools The network will work just as slow as it does now (7 transactions per second) if the number of miners were reduced to 200 and mining would work just as it does today except less electrical energy would be wasted and the CPU power could be put to better use elsewhere Now lets deal with the a knight in shining armor saving your skin called the "lightning Network" (LN) and with a slight name change from LN-Hubs to bankers and centralization we arrive at something much like the Ripple protocol and what they call "Gatways" See https://www.youtube.com/watch?v=UYHFrf5ci_g if you don't understand what LN really is all about. The banksters have you by the balls, they own the miners and the development team or else they would have added the code show below to the project in Github and the glut of miners would thin down and we would get back to a fair balance Public static money MaxFee=1.50 // Goodbye parasites we don't need this many miners Title: Re: high bitcoin fee!! Post by: rajuahmed330 on December 31, 2017, 05:40:57 AM Various sites takes different fees. There are some wallets that cost less, and there are some things where the fee is too much tie. As you can freebitco withdraw very low bucks from this site. If you use coinbase again, the address will cost more to pay.
Title: Re: high bitcoin fee!! Post by: Tuanken897 on December 31, 2017, 05:48:07 AM Transaction fee of Bitcoin is very high. I don't like it.
Some people leave Bitcoin and switch to altcoin because of its fee Title: Re: high bitcoin fee!! Post by: Decimation on December 31, 2017, 06:41:15 AM in this there is another plus. regardless of the price, the amount of the transaction is unchanged. Imagine you are transferring a large amount and how much will you pay with it - a lot? I do not think it's good, especially for those who use bitcoin as a means of payment. ethereum serves entirely for other purposes. I sent a $25.00 BTC payment the other day and it costs me $10.77 BTC for the fee. Bitcoin will never ever become a true way of payment if the fees are that high. Title: Re: high bitcoin fee!! Post by: Rules85 on December 31, 2017, 06:53:07 AM When the problem of block congestion persists, it means that the cost of bitcoin transfers cannot fall, and I would like to have a new technology to solve this problem!
Title: Re: high bitcoin fee!! Post by: Hamstead on December 31, 2017, 07:43:01 AM Bitcoin fee is become confusion in nowadays. Actually the more it price increasing the price will become so high. Actually the fee is happen when you transact it in wallet address. But its not fact when you use it by your email. so I will suggest to use email. You can use wallet when need a major transactions.it's my personal opinion I've never try sending bitcoin using my email add, if ever I know it really works then probably I'll gonna stick on it. It really confusing why we have a high fees at this time. Maybe because a lot of people give some additional transactions fees in order to priorities their transaction and it triggered to make increase transaction fees. Title: Re: high bitcoin fee!! Post by: sdmaxx on December 31, 2017, 07:45:18 AM It is true that it hurts a lot when we have to bear a high BTC fee in doing day today transactions through BTC, and now, BTC fee is back to normal rates in coinbase and blockchain wallets. Hopefully it will stay same in future too. :-\ :'( :) :) :) :) :) :)
Title: Re: high bitcoin fee!! Post by: DARKANGEL6415 on December 31, 2017, 05:48:18 PM I am not going to try to answer or pretend to know why this transaction fees are so high. If it was my logic i would think the fee costs should come down. Then again when the fees was 0.0005 bitcoin but the price of bitcoin was like $500.00 then no one really cared then. The issue nowadays is the fact that the same .0005 transaction fee is alot worth morr at $15,000.00. I think alt coins will enjoy this moment for now before bitcoin fixes this issues that are plaguing us currently.
Title: Re: high bitcoin fee!! Post by: Nilda on January 01, 2018, 03:11:22 AM Two things certain in life, death and taxes. In cryptocurrency, it’s the transactions fees. Probably would take some time before the rates would go down to acceptable level.
Title: Re: high bitcoin fee!! Post by: Aiga7phoiy on January 01, 2018, 10:22:43 AM when will the bitcoin fee be reduced or moderated? if block size rise more than 1MB you can pay lower fee for 1-2 year but final solution is Lightening Network.i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Fee is high because price also so high. Title: Re: high bitcoin fee!! Post by: AakZaki on January 01, 2018, 01:33:59 PM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? I think the fee is reasonable as long as the fee does not change in the bitcoin count that has been determined since the bitcoin price is still cheap. in my country the Bitcoin shipping fee was 0.0005 BTC since the bitcoin price is still 200 $ and I feel the fee is now only reasonable and remains as early as 0.0005 BTC Title: Re: high bitcoin fee!! Post by: kurian on January 01, 2018, 01:43:01 PM This might be the reason people dumping bitcoin... Altcoins are gained much these days...
Title: Re: high bitcoin fee!! Post by: nicster551 on January 01, 2018, 01:51:40 PM This might be the reason people dumping bitcoin... Altcoins are gained much these days... yeap when poloniex has low fees im doin a arbitrage im buying doge from bittrex and send it to polo then convert into bitcoin then from polo to fiat exchanger so i could maximize the earnings and save from the fees. Title: Re: high bitcoin fee!! Post by: thaiphoon on January 01, 2018, 01:57:48 PM Can anyone please tell me what you are charged for a Bitcoin purchase of, let's say $6'000? On the exchange I trade I am charged 0.25% which is in accordance with our tax laws.
Title: Re: high bitcoin fee!! Post by: Script3d on January 01, 2018, 02:08:23 PM the fee will probably become less once the unconfirmed transaction go to normal like 10k unconfirmed transaction thats where i find the transaction fee cheap. it will take some time to make the unconfirmed transaction go to 10k or something. you can use poloniex as a btc wallet to avoid high fee you only need to pay 50k satoshis.
Title: Re: high bitcoin fee!! Post by: AakZaki on January 02, 2018, 03:36:54 PM Can anyone please tell me what you are charged for a Bitcoin purchase of, let's say $6'000? On the exchange I trade I am charged 0.25% which is in accordance with our tax laws. what exchange do you use? so far I never know the cost of it. if you think buying instantaneously in one of the bourses is normal, I even press 0.3% charge in my country if buy instantly Title: Re: high bitcoin fee!! Post by: jvper on January 02, 2018, 03:42:48 PM Yes,ETH transaction fee is very small i think because a lot of days i deposit in many exchange with low fee.But BTC fee is undesired and day by day transaction fee is rapidly increasing. ETH is much less congested. That's why. It has the same model of fee pricing as bitcoin, the difference is it has a greater capacity currently. Let's see whether Lightning Network will be able to change it! Title: Re: high bitcoin fee!! Post by: Anti-Cen on January 02, 2018, 04:34:44 PM We have been scammed and the developers have allowed ten big mining pools to take over that now
conduct 90% of all transactions and it has become a monopoly that's ripping us off in fees because they forgot to a one line of code public static money MaxFees=1.50 // 20,000 miners when all we need is 1,000 DOES NOT WORK Maybe miners forgot that without clients that they will be left paying for the CPU war from there own pockets because we are tired of slow speeds and high fess and I have little faith in LN if the developers forgot to add this one vital line of code shown above. Title: Re: high bitcoin fee!! Post by: jems on January 02, 2018, 04:40:49 PM not as expected, should with hrdfork fee BTC getting cheaper. and faster transfer rates.
some exchanges apply a large fee, which is very detrimental to small traders. Title: Re: high bitcoin fee!! Post by: zhukovt34 on January 02, 2018, 06:04:56 PM the bitcoin feee is really huge, ethereum transactions fee are so minor against btc transactions fee, i think that this is one of btc problems that must be solved.
Title: Re: high bitcoin fee!! Post by: MBAPOLIN on May 22, 2018, 08:10:29 PM I think some exchanges apply a large fee, which is very detrimental to small traders. ETH is much less congested
Title: Re: high bitcoin fee!! Post by: teejayrichard2 on May 22, 2018, 08:28:21 PM this high bitcoin fee has always been an issue to everyone. i also am disturbed about the high bitcoin fee and wonder when it will be worked on. no one knows for sure when this will be but i believe if we all press on this issue, a solution will pop up someday.
Title: Re: high bitcoin fee!! Post by: V. J. Meyer on May 22, 2018, 11:20:57 PM Currently, bitcoin fees are still low. Investors peace of mind to engage in business transactions and investments in the cryptocurreny market. In the future, the growing cryptocurrency market will mean that bitcoin prices will rise and bitcoin fees will rise. But I think the bitcoin fee increase will be negligible compared to the profits that bitcoin gives to investors.
Title: Re: high bitcoin fee!! Post by: cacvy3 on May 22, 2018, 11:26:48 PM lmao fees are not high anymore, but i still remember those times in where we all had to pay mroe than fourty bucks in order to be able to move our money.. those times.. now fees are less than half a dolar
Title: Re: high bitcoin fee!! Post by: BitcoinGirlOlga on June 10, 2018, 12:24:40 PM Yes, the commission is very large, it is worth considering to transfer to other currencies where there is less commission! for example ETH
Title: Re: high bitcoin fee!! Post by: untugede on June 10, 2018, 02:49:05 PM not as expected, should with hrdfork fee BTC getting cheaper. and faster transfer rates. today it seems that many small traders and small investors complain that the cost of bitcoin is very expensive, but that big traders or investors do not complain about the cost of bitcoin which is very expensive for example compared to Ethereum, the most important is probably because its security is trusted for investors to keep using bitcoin.some exchanges apply a large fee, which is very detrimental to small traders. Title: Re: high bitcoin fee!! Post by: Rossy Akbar on June 10, 2018, 03:10:22 PM Good question actually, I don't know exactly what the reason for high of the fee in bitcoin, since I did the transaction using bitcoin the fee is really constant, doesn't matter if the price of bitcoin was high or down. Maybe is there any reason that someone knows about it could be some pleasure to share it in here, I just wondering to know.
Title: Re: high bitcoin fee!! Post by: Anonylz on June 10, 2018, 03:20:49 PM I am more than happy now because the fees are not even haalf a dollar at the moment.
A few hours ago, i sent a payment and it only costed me $0,20 dollars to send that payment! and it took less than thirty minutes to get confirmed. Title: Re: high bitcoin fee!! Post by: lakatina on June 11, 2018, 03:57:53 AM The bitcoin fee is too high compared to the time it's worth, now it should drop a little lower than everything
Title: Re: high bitcoin fee!! Post by: hotimbineh on June 11, 2018, 04:04:16 AM The bitcoin fee is too high compared to the time it's worth, now it should drop a little lower than everything right ... and we know it ....and it seems that this has become the exchange rate that must be incurred in bitcoin trading and now the bitcoin price tends to decrease little by little I hope this will quickly change Title: Re: high bitcoin fee!! Post by: vonnyaries on June 11, 2018, 04:08:17 AM we acn see that bitcoin fee is high right now and it because of the bitcoin transaction is high and the people that want to make tranactionis increasing every day and make the queue in the transaction it makes the price of bitcoin is high and increasing everyday, i think when the transaction of bitcoin id decrease the fee in bitcoin will decerase too
Title: Re: high bitcoin fee!! Post by: lakita on June 11, 2018, 11:27:32 AM I find that the Bitcoin charge is quite high, I expect every problem to be solved. I would like to have a new technology to solve this problem.
Title: Re: high bitcoin fee!! Post by: muneeb.zain on June 11, 2018, 11:56:23 AM As the fluctuation (increase or decrease) in the price of the bitcoin the amount of the transfer fee will remain the constant which is one of the major downfall of the bitcoin it must be reduced to very less.
Title: Re: high bitcoin fee!! Post by: freesia_pnp888 on June 11, 2018, 01:01:13 PM it depends on how big of your transaction so now we still haven't figured out which ways to fix this. hopefully we can do it soon.
Title: Re: high bitcoin fee!! Post by: jpnl0008 on June 11, 2018, 01:06:35 PM the increase in the bitcoin transaction fee is arising as a result of many or much transaction been carried out on the blockchain thereby over using the supposed allowable design on the technology, however, some decongestion are always made but during this congestion network era transaction charges are always higher than normal
Title: Re: high bitcoin fee!! Post by: ratatat bangbang on June 11, 2018, 01:25:24 PM it depends on how big of your transaction so now we still haven't figured out which ways to fix this. hopefully we can do it soon. Actually it's true its depends of the how much the transfer you did but ut is still huge amouny of fees compare to other coins.Hope this will change soon so we can enjoy the some amout instead of pay the high fees.Title: Re: high bitcoin fee!! Post by: K.Tumpa on June 11, 2018, 01:34:26 PM Sometimes bitcoin transfer from high fee this wallet.
Bitcoin is best crypto currency from world wide.Many people earning bitcoin & this seel real money.Bitcoin wallet transfer from high fee cut.This is normally .All time Bitcoin transfer fee cut.Some time high & some times low cut.This is not serious meter.High bitcoin transfer from some fee cut.So I there for bitcoin transfer fee normally cut this wallet. Title: Re: high bitcoin fee!! Post by: thevlox on June 14, 2018, 07:52:31 AM I think bitcoin is different from all other cryptocurrency. And all the other coins have this stage down from bitcoin.
Title: Re: high bitcoin fee!! Post by: budi691 on June 14, 2018, 03:23:49 PM I think the principle of bitcoin is not the same as ETH. And bitcoin will not follow the principles that exist in the ethereum, because the ethereum itself is clearly following the bitcoin trail.
Title: Re: high bitcoin fee!! Post by: sikaola on June 15, 2018, 12:33:13 PM I find the bitcoin fee is now high, I just expect it to go down a little lower Title: Re: high bitcoin fee!! Post by: Kez1817 on June 15, 2018, 12:39:39 PM Bitcoin value is very high compared to other coins that's why we have nothing to do if the transaction fees are also high. Much better to use altcoins because it has a lower transaction fee if you don't want to fee for bitcoin. But for me,no matter what the transaction fees of bitcoin a long as i earned more than the transaction fee ,i will continue to use and patronize the bitcoin.
Title: Re: high bitcoin fee!! Post by: kevintrang on June 26, 2018, 02:29:07 AM I see what is going on is a pretty high bitcoin fee, you should think carefully before investing in it, expect that the charge will decrease in the coming time. Title: Re: high bitcoin fee!! Post by: Odlanyer on July 15, 2018, 01:44:50 AM The high bitcoin fee is the disadvantage of bitcoin because of that the investors are changes their minds and go to the another option to avoid high expensive and takes many times to transfer.
Title: Re: high bitcoin fee!! Post by: esteam004@gmail.com on July 15, 2018, 01:58:39 AM Bitcoin 's fees are high to reduce transaction overload but it is not user - friendly with little capital and new users. Bitcoin is under intense competition from fellow coin standings
Title: Re: high bitcoin fee!! Post by: Johnzky on July 15, 2018, 02:04:38 AM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Then use ethereum no one forcing you to use bitcoin so stop acting as theres no other option High fee transaction growth and same time slower transaction happens last December of the year 2017 because of congestion,theres so many withdrawal and deposits happening togethen every seconds thats why we had experience such,but conparing this days you might find that its better and best Title: Re: high bitcoin fee!! Post by: A Feeder on July 20, 2018, 02:35:58 PM That is the disadvantage of bitcoin the high fees that's why many people are go to the alternative coins and choose an another option, be practical think before you surely decide because regrets is always in the end.
Title: Re: high bitcoin fee!! Post by: doodle07 on July 20, 2018, 02:44:48 PM Compared to other currency bitcoin’s price is much higher than all of them, so thus the transaction fee too. Its just an compensation from the transaction and volume of bitcoins you are dealing with. Bitcoin is tax-free so it is just right to pay high but reasonable.
Title: Re: high bitcoin fee!! Post by: poletando on July 20, 2018, 02:52:09 PM as yuo know if the bitcoin fee is down its mean that the transaction in the bitcoin network is low, and its mean there are no people that using bitcoin, and it will makes the price of bitcoin is decreasing because the transaction in the network, (there are no demand, there are no selling, there are noo buying)
Title: Re: high bitcoin fee!! Post by: BADecker on July 20, 2018, 03:08:41 PM If you go out with pick and shovel and dig for gold and find some, what do you do with it? You trade it in for cash, or you keep it and dig for more.
What did you get for your gold when you sold it? Cash, right? Lots of people have prospected for gold and never found any. They weren't forced into it. They simply thought that they could make it. But they didn't. They lost their investment. Those who found gold and traded it in for cash, did they get a miner's fee? Or did they simply trade the gold in for cash? The Bitcoin miner's fee is BS. If you get your rigs together and mine for Bitcoin, you either find some or you don't. If you don't, you sell your rigs, take the loss, and get out of it. If you find some, you either hodl it or you sell it at the going rate. If you sell, your earnings are the fiat (etc.) that you get for it. Period. If all the miners hodl, because there is no miner's fee to tempt them to sell, the price of Bitcoin goes down, because nobody else has bitcoins, and who would want some of it if it can't be used because so few people have it? So, some of the miners sell, just to get back some of the money they put into their operation. Miner's fees are simply a thing to screw up the Bitcoin system like derivatives screw up the fiat money Ponzi. They aren't needed. They are messing everything up. They are giving miners an opportunity to control the whole show in a funny way that doesn't have anything to do with making Bitcoin into a currency. Let the thing be simple. For the simple person who uses Bitcoin, the miner's fees are a method to tax people on using bitcoin, and that is it. Why tax it, when the miners get cash for the bitcoins they sell just like gold prospectors get cash for the gold they sell. They already have their money. Miner's fees are BS. 8) Title: Re: high bitcoin fee!! Post by: aezotxmb on July 20, 2018, 03:11:32 PM Perhaps the launch of the lightning network can reduce the cost of bitcoin very well, which is a key factor restricting the rapid development of bitcoin.
Title: Re: high bitcoin fee!! Post by: BADecker on July 20, 2018, 03:16:13 PM Perhaps the launch of the lightning network can reduce the cost of bitcoin very well, which is a key factor restricting the rapid development of bitcoin. The LN is so complex, and has so many disadvantages for users, that if it is ever corrected, it will work a lot better with (at least, some) altcoins than it will with Bitcoin. 8) Title: Re: high bitcoin fee!! Post by: Script3d on July 20, 2018, 03:16:52 PM Perhaps the launch of the lightning network can reduce the cost of bitcoin very well, which is a key factor restricting the rapid development of bitcoin. Lightning network isnt fully implemented yet maybe in the future the fee is almost non existent if we use LN. people can just go create a segwit wallet to save fees while merchant migrate to LN.Title: Re: high bitcoin fee!! Post by: BADecker on July 20, 2018, 03:36:27 PM Perhaps the launch of the lightning network can reduce the cost of bitcoin very well, which is a key factor restricting the rapid development of bitcoin. Lightning network isnt fully implemented yet maybe in the future the fee is almost non existent if we use LN. people can just go create a segwit wallet to save fees while merchant migrate to LN.The problem with Lightening is, when anybody closes out his network, he breaks up the whole group of Bitcoiners who operated through him. If the fee were his every time his network was used, he would have incentive to not close out his network. The problem is that when there are a lot of inter-joined networks, who gets the miner's fee, and how is it split up? And what is to keep a network "owner" from shutting down his network, anyway, and inconveniencing everyone? By the time these points are figured out, the LN scripting will be so large, and the interconnections so scrambled, that nobody will be able to run the client on his computer, and centralization (the thing we are trying to avoid) will be back. Get rid of the stupid miner's fees, and go back to charging a simple fee for running your own exchange operation, where everything is easy and as transparent as anybody can make it. 8) Title: Re: high bitcoin fee!! Post by: kent47400 on July 28, 2018, 01:47:06 AM I think the two are the same for each transaction, because both of them have almost the same speed to send a token or Bitcoin.
and my suggestion maybe you can exchange first to Altcoin like DOGE etc which its transaction fee value is little. Title: Re: high bitcoin fee!! Post by: fendi09 on July 28, 2018, 02:28:12 AM the high bitcoin prices that make a lot of people suffered losses it is caused to go to an alternative coin and choose another option. should be a sure thought before deciding because of regret always in the end.the price of unstable bitcoin sometimes high sometimes low therefore we must think with certainty .
Title: Re: high bitcoin fee!! Post by: arthotdog on July 28, 2018, 02:44:06 AM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Dont compare bitcoin to ethereum because they have different platforms and different function to this forum,bitcoin is the most used platform as all coins need to go through its platform before being converted into fiats,thats why whenever the sites congested the fee will increase and the transaction will slower but if the Lightning network is done,this will change to better and goodness Title: Re: high bitcoin fee!! Post by: aiza2007 on July 28, 2018, 03:00:45 AM operated through him. If the fee were his every time his network was used, he would have incentive to not close out his network. The problem.and anything needed.
Title: Re: high bitcoin fee!! Post by: Kokondao on July 28, 2018, 03:08:32 AM it is true that it is one of the expensive costs in bitcoin, and I hope it can also be changed to cheaper like eth, but we do not know when it must have happened.
Title: Re: high bitcoin fee!! Post by: hdheiiwo123 on July 28, 2018, 08:36:52 AM The transaction costs of Ethereum and Bitcoin are also quite different. In Ethereum, they call it "gas" - the cost of the transaction depends on their storage needs, complexity and bandwidth. Also in Bitcoin, the transactions are limited in each block size and equal to each other.
Title: Re: high bitcoin fee!! Post by: anume123 on July 28, 2018, 09:25:46 AM I think when the bitcoin price rises the fee will also be sent or withdrawn by the transaction I also think that when the bitcoin price is low then the low cost of bitcoin trasanction. Title: Re: high bitcoin fee!! Post by: Premooooo on July 28, 2018, 09:28:22 AM So maybe the FEE increases with bitcoin along with the bigger bit of bitcoin so much is FEE for bitcoin or transaction for sending bitcoin to other wallets. Title: Re: high bitcoin fee!! Post by: Naughty Princess on July 28, 2018, 10:59:48 AM The transaction costs of Ethereum and Bitcoin are also quite different. In Ethereum, they call it "gas" - the cost of the transaction depends on their storage needs, complexity and bandwidth. Also in Bitcoin, the transactions are limited in each block size and equal to each other. There is different between the fees on bitcoin and ethereum in every transactions. Sometimes, fees depends on how much the system you are using to process the transactions. The fees depend on how much you do not want to stuck on traffic and you want much faster response and transfer of your transactions. It is the reason why there is high fee because some people do not want traffic. Title: Re: high bitcoin fee!! Post by: hakertajniak on July 30, 2018, 01:54:23 AM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Yes i remember too back then. Bitcoin fee was high at the end of last year due the spiking price in the market. different with ETH. If the gas price of eth is high, it means the network of eth is congesting, many transactions being processed. Title: Re: high bitcoin fee!! Post by: Giardina on July 30, 2018, 02:10:19 AM You can't compare bitcoin and Ethereum, these are completely different platforms and features.A constant amount of payment is not always bad and depends on the specific situation.
Title: Re: high bitcoin fee!! Post by: Ava Duvall on July 30, 2018, 08:13:36 AM You can't compare bitcoin and Ethereum, these are completely different platforms and features.A constant amount of payment is not always bad and depends on the specific situation. I really dislike when people compare them! you are definitely right . of course we would all prefer no fees, but fees are needed in certain situations , so calm down people. everyone gets ramped up so easily these daysTitle: Re: high bitcoin fee!! Post by: kimhospital on September 23, 2018, 10:20:08 AM Cash? They are not forced. They lost their investment. Or do they simply trade gold in cash? If you get your rig together and mine for Bitcoin, you either find some or you do not. If you find some, you either hodl it or you sell it at speed go. Stage. So some miners sell, just to get back some money they put into their operation. They are not needed. They are giving miners an opportunity to control the whole program in a humorous manner without having anything to do with bringing Bitcoin into a currency. For people who simply use Bitcoin, the charge of the miner is the bitcoin user tax method, and that's it. They already have their money. The problem with Lightening is that, when someone closes their network, he breaks down the entire Bitcoin group that runs through him. The problem is that when there are so many affiliate networks, people get the charge of the miner, and how is it parted? At the time these points were discovered, the LN script would be huge, and the connections were interrelated, no one could run the client on his computer, and focus (what we were trying to do). avoid) will come back.
Title: Re: high bitcoin fee!! Post by: WhiteGAN on September 24, 2018, 08:55:17 AM What did you get for gold when you sold it? A lot of people have been searching for gold and never found it. They simply think they can do it. They lost their investment. Or do they simply trade gold in cash? If you get your rig together and mine for Bitcoin, you either find some or you do not. If you find some, you either hodl it or you sell it at speed go. Stage. So some miners sell, just to get back some money they put into their operation.
They are not needed. They are giving miners an opportunity to control the whole program in a humorous manner without having anything to do with bringing Bitcoin into a currency. For people who simply use Bitcoin, the charge of the miner is the bitcoin user tax method, and that's it. They already have their money. High bitcoin costs many people to suffer from switching to alternative currencies and choosing one option. Stiff bitcoin prices are sometimes high and sometimes low so we have to think in a certain way. Title: Re: high bitcoin fee!! Post by: stiffbud on September 24, 2018, 07:37:04 PM Bitcoin fee means the transaction fee which occur when some one transfer bitcoin. And the transaction fee is the charge taken by the miners in order to complete an transaction. And the transaction fee mainly depend upon the block size of bitcoin. Block size directly proposal to the transaction fee. Small block size charge more transactions while large block size reduce transaction fee. Many people use bitcoin money transaction facility and because of this the transaction traffic increases and this thing cause increase in transaction fee.
Title: Re: high bitcoin fee!! Post by: pltgksl on September 24, 2018, 08:06:52 PM This is the beginning of the negative characteristics of BTC. There is a high likelihood of increasing demand for BTC in the event of an existence.
Title: Re: high bitcoin fee!! Post by: allezbitcoin on September 24, 2018, 10:52:44 PM Why don't you try to switch to altcoin, because if we make transactions using altcoins other than bitcoin, the fee will be cheaper. As you say eth fee are cheaper than bitcoin.
Title: Re: high bitcoin fee!! Post by: GreatArkansas on September 25, 2018, 01:24:31 AM Fees matter in the difficulty of the network of Bitcoin, specially when the network of Bitcoin is really high traffic, expect that the transactions are high cost, but for me, the transaction fees are really small nowadays. So it's okay to send.
Title: Re: high bitcoin fee!! Post by: CoinsGazer on September 25, 2018, 01:49:41 AM Bitcoin's first impression should be expensive, because Bitcoin's own technical limitations combined with huge transaction volume, resulting in a very slow transfer rate, you have to pay a high fee to get paid in time. However, this situation has started to improve since December last year, and bitcoin transaction costs have dropped from the $34 all the way to an 18-month low.
However, although the bitcoin transaction fee has dropped significantly, the transaction volume has also been greatly reduced. The reasons may be: First, people are shifting to cheaper BTC alternatives; second, the buying boom in the digital currency market has cooled. Title: Re: high bitcoin fee!! Post by: feather7789 on October 15, 2018, 09:17:08 AM Nope.. the fees is very less in bitcoin because the transaction are done by blockchain and in blockchain transaction fee is very less.
Title: Re: high bitcoin fee!! Post by: xbiv2 on October 15, 2018, 09:46:00 AM Quote high bitcoin fee!! fee is pretty low now https://bitcoinfees.earn.com/ Title: Re: high bitcoin fee!! Post by: wangchagongcha on October 15, 2018, 09:57:12 AM Unlike traditional financial institutions, which charge different rates for each transaction, Bitcoin fees are completely independent of the amount of money you are sending. As a result, the $ 5 shipping fee for Bitcoin may be the equivalent of $ 5,000. Fees are usually not in USD, nor in BTC. Instead, it is determined based on the amount of Satoshi on a data byte, abbreviated as sat / b. Hence, instead of paying for each bitcoin you send, you will pay for the amount of data in a block. Your transaction is taking place. Each standard transaction is usually 226 bytes in size, so your transaction confirmation time will depend on the amount of money you send.
Title: Re: high bitcoin fee!! Post by: Sponsoredby15 on October 16, 2018, 06:45:38 AM when will the bitcoin fee be reduced or moderated? Bitcoin fee is already been reduce after the implementation of lighting upgrade. Ethereum fee is not fix, it just happened that last year, Ethereum network is not yet congested but today the fee in Ethereum is also high compared before. i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Title: Re: high bitcoin fee!! Post by: revive7up on October 16, 2018, 07:04:52 AM Unlike conventional traditional charging methods. Bitcoin fees don't depend on the amount you send. Instead of having to pay for every bitcoin you send, you only pay for the amount of data in each of your transaction blocks and they are measured by the "satoshis / byte data".
Title: Re: high bitcoin fee!! Post by: crossabdd on October 16, 2018, 07:27:20 AM I think bitcoin will not change the transaction fee, because of the difficulty of bitcoin mining. if it has to change, I think it will make the fee go up. why other coins are so cheap, because the price is also cheap. if the altcoin price is higher than bitcoin, it will also be expensive. and there are still other ways to make cheap fee shipping, namely using altcoin.
Title: Re: high bitcoin fee!! Post by: lutfi-hasan on October 16, 2018, 07:38:49 AM For now, I think the bitcoin fee is standard and I can say it's very cheap, you can imagine that you sent 1 bitcoin for $ 6452 for the current rate, with a shipping fee of only 0.0005 sat that is very cheap bitcoin fee. And maybe for the future the price of bitcoin will be more expensive, and I think that will cause the fee to increase.
Title: Re: high bitcoin fee!! Post by: giantrobot on October 16, 2018, 07:43:43 AM The disadvantage of Bitcoin is the high transaction costs. That's why I used the ETH wallet to trade. Bitcoin transaction fees are, of course, more expensive than other electronic transactions, and Bitcoin deals are quicker and safer than other electronic money transactions.
Title: Re: high bitcoin fee!! Post by: beami on October 16, 2018, 08:16:58 AM Since the value of bitcoin is high, it is not surprising that the cost is also high, besides that the holder must have more and can easily transact.
Title: Re: high bitcoin fee!! Post by: shadowdio on October 16, 2018, 10:09:13 AM Yep bitcoin fee so high I think most of exchanges set 0.001 btc fee and only few exchanges that set 0.0005 btc fee even they set low still high for me, you should use other altcoins if you don't like bitcoin to transfer your money.
Title: Re: high bitcoin fee!! Post by: sublime5447 on October 20, 2018, 07:23:58 PM I think it's fair if the bitcoin transaction cost is expensive caused by high bitcoin’s price than the altcoin, if you think it's too expensive for you maybe you can try to do transactions using altcoins that the transaction costs are lower because their prices are cheaper than bitcoin. (http://yubster.com)
Title: Re: high bitcoin fee!! Post by: SventraPapere on October 20, 2018, 07:33:27 PM The Commission on bitcoin is not so great to raise this issue now.There are more serious problems.Better think about what you need to do to the price rose again.Such messages only add fuel to the fire.Support Bitcoin.I do not think that you are exchanging so large amounts to respond to the price of the exchanger.
Title: Re: high bitcoin fee!! Post by: Yusuf77 on October 20, 2018, 07:42:32 PM I think it's fair if the bitcoin transaction cost is expensive caused by high bitcoin’s price than the altcoin, if you think it's too expensive for you maybe you can try to do transactions using altcoins that the transaction costs are lower because their prices are cheaper than bitcoin. (http://yubster.com) yes you are right, of course if we want to buy a coin that has a high price we also have to issue a high transaction fee. if anyone complains about high bitcoin costs I think it's ridiculous, if the costs have been complained then why are we still buying bitcoin because it costs a lot. costs will be replaced with our selling price later if we get a lot of profit.Title: Re: high bitcoin fee!! Post by: boyptc on October 20, 2018, 07:59:53 PM The time when OP posted this, the price is on all time high and the fees were high too. ETH can't be compared to bitcoin, there's also a time when the fee's were too high and its network were congested so there's no exception.
And by that time, bitcoin's network was being spammed so that caused the fee to increase. Title: Re: high bitcoin fee!! Post by: feather7789 on October 30, 2018, 06:35:37 AM if yo felt btc has high fee better to go fo altcoins it will also helps you investing small amount on crypto.
Title: Re: high bitcoin fee!! Post by: Temik2704 on October 30, 2018, 10:09:38 AM A great amount of people want BTC`s price to become 20k$ and more. But it means that transactions fee will be 40$+. And if you want fast transaction, you should increase fee for this action.
If BTC = 100k$ , fee = ~200$. Crazy :-[ Title: Re: high bitcoin fee!! Post by: rudox on October 30, 2018, 10:32:49 AM Bitcoin fees are coming down now compare to a year ago. I think it is because of the price of the coin. The fees must be right to support mining of bitcoin and also to make sure that the transaction is completed. The process is highly technical and adequate fee must be set to take care of the system of payment. Those arguing that bitcoin fees are high they can try using Ether the fees are still almost same as that of bitcoin. But bitcoin remains the leading crypto so do not mind the fees.
Title: Re: high bitcoin fee!! Post by: Naughty Princess on October 30, 2018, 11:25:39 AM I think bitcoin will not change the transaction fee, because of the difficulty of bitcoin mining. if it has to change, I think it will make the fee go up. why other coins are so cheap, because the price is also cheap. if the altcoin price is higher than bitcoin, it will also be expensive. and there are still other ways to make cheap fee shipping, namely using altcoin. Transaction fee is fixed on any amount you transact but the price is depend on how much it has on the market. The fee is lower when the price of bitcoin lower and vise versa. Some fees depends on you but much higher makes your transaction process faster than the minimum amount required to pay. But bitcoin that has transaction fee today is not good.Title: Re: high bitcoin fee!! Post by: cybernetik7 on October 30, 2018, 08:10:16 PM We have to accept that it is a big problem must be solved. Paying a constant fee regardless of its amount of transaction or price of bitcoin is not fair. The main idea of bitcoin make people free of banks by reducing fees of transactions and payments. But we don't see it in real life even though compared with banks' fees. These fees must be reduced to a reasonable amount.
Title: Re: high bitcoin fee!! Post by: Coroline on October 30, 2018, 10:00:32 PM when will the bitcoin fee be reduced or moderated? yes it's one of the problems people think back to sending using btc, people prefer to exchange it for another coin to get a cheaper transaction feei mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Title: Re: high bitcoin fee!! Post by: irsykes on October 30, 2018, 10:27:12 PM I think bitcoin will not change the transaction fee, because of the difficulty of bitcoin mining. if it has to change, I think it will make the fee go up. why other coins are so cheap, because the price is also cheap. if the altcoin price is higher than bitcoin, it will also be expensive. and there are still other ways to make cheap fee shipping, namely using altcoin. Transaction fee is fixed on any amount you transact but the price is depend on how much it has on the market. The fee is lower when the price of bitcoin lower and vise versa. Some fees depends on you but much higher makes your transaction process faster than the minimum amount required to pay. But bitcoin that has transaction fee today is not good.Title: Re: high bitcoin fee!! Post by: sheamus10 on October 30, 2018, 10:35:35 PM in my opinion the bitcoin fee will still be expensive because at this time for the price of bitcoin can still be categorized as expensive. so the bitcoin fee will follow the trend of bitcoin prices.
Title: Re: high bitcoin fee!! Post by: christofyler on October 30, 2018, 10:41:49 PM I think there Is nothing that can be done concerning that bitcoin fee price can't be change because that how they create the system. The design programme for Ethereum is different from bitcoin that why they don't have the same fee.
Title: Re: high bitcoin fee!! Post by: kucritt on October 31, 2018, 12:11:21 AM right now the bitcoin fee is very high, its because the user of bitcoin is increase and makes bitcoin fee is very high because all people that transfer make thefee for the priority.
Title: Re: high bitcoin fee!! Post by: burky156 on October 31, 2018, 12:20:39 AM This message posted nearly a year ago, that time the bitcoin transaction were very high yesi. But if you look today it is more suitable and stable right now. The high fee is from exchanges! When you make withdrawal the price changing between 0.001 and 0.002. I believe that this is too high! 0.002 BTC makes more than $12! Have you noticed that??
Title: Re: high bitcoin fee!! Post by: tungaqhd on October 31, 2018, 01:40:14 AM when will the bitcoin fee be reduced or moderated? Which wallet service are your using ? I am using blockchain wallet and the fee is very low (only 0,04 usd per transaction). Many service take a high fee like coinbase, coinpayment.i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Title: Re: high bitcoin fee!! Post by: lingwistiko on October 31, 2018, 01:56:47 AM That's what hurt most of the crypto traders especially when the bitcoin fee is already high. It is alright to have a high bitcoin fee if it is only an option if you wanted to have your transaction processed as fast as lightning.
Title: Re: high bitcoin fee!! Post by: abhi777 on October 31, 2018, 01:17:07 PM I think bitcoin will not change the transaction fee, because of the difficulty of bitcoin mining. if it has to change, I think it will make the fee go up. why other coins are so cheap, because the price is also cheap. if the altcoin price is higher than bitcoin, it will also be expensive. and there are still other ways to make cheap fee shipping, namely using altcoin. Transaction fee is fixed on any amount you transact but the price is depend on how much it has on the market. The fee is lower when the price of bitcoin lower and vise versa. Some fees depends on you but much higher makes your transaction process faster than the minimum amount required to pay. But bitcoin that has transaction fee today is not good.Title: Re: high bitcoin fee!! Post by: amonymous on October 31, 2018, 01:24:58 PM Altcoins it will be good for you Because Bitcoin will never pay you a low fee. Actually transaction fee does not matter with me it simple and common us.so you can choose altcoins if Bitcoin fes give your most problems.
Title: Re: high bitcoin fee!! Post by: maxilopez on October 31, 2018, 01:41:39 PM not sure if this will ever change because bitcoin uses a slightly different technology
Title: Re: high bitcoin fee!! Post by: charlyee on November 02, 2018, 09:35:22 AM yeah transaction fees is increasing slightly because the price also increasing. if you feel high fees in btc lets you can go for altcoins.
Title: Re: high bitcoin fee!! Post by: J Gambler on November 02, 2018, 10:21:37 AM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? High bitcoin fee, low count of investors, and low bitcoin fee, high count of investors. That depends on us (users) on how we handle transaction process. I hope this bitcoin transaction fee will be minimized to its lowest point. Title: Re: high bitcoin fee!! Post by: Wildwest on November 02, 2018, 11:00:53 AM Altcoins it will be good for you Because Bitcoin will never pay you a low fee. Actually transaction fee does not matter with me it simple and common us.so you can choose altcoins if Bitcoin fes give your most problems. Another altcoins also offered fee, transactions will not succeed if you do not use a fee. Actually the fee for sending bitcoin has dropped in a some time ago. Of course this also makes it easy for people who want to send bitcoin without thinking of high fees.Title: Re: high bitcoin fee!! Post by: Question123 on November 02, 2018, 11:23:28 AM yeah transaction fees is increasing slightly because the price also increasing. if you feel high fees in btc lets you can go for altcoins. The fee who increase is when the bitcoin is very high also your right. I remembered my highest fee is more than 20 dollars each transaction and now fee of the bitcoin is still good and very low fee now is only cents and it is still maintain in the last few months.Title: Re: high bitcoin fee!! Post by: zubrr51 on November 02, 2018, 11:38:58 AM Commissions for cryptocurrency transactions should be abolished. It is this side of the cryptocurrency that attracts the community so much.
Title: Re: high bitcoin fee!! Post by: Urbexs on November 02, 2018, 11:52:11 AM Bitcoin rates are not that high, but if Bitcoin rates increase, there are alternatives like altcoins
Title: Re: high bitcoin fee!! Post by: cramcram21 on November 02, 2018, 12:36:19 PM If you couldn't afford the fee then use alt-coin,
Bitcoin fee is to high and that is the reason why other people choose to use alt-coin. Title: Re: high bitcoin fee!! Post by: teejayrichard2 on November 02, 2018, 12:53:15 PM this high bitcoin fee has been an issue for such a long time and i sincerely hope soon enough it will be looked into and resolved as it has discouraged lots of investors in the past. lets just hope for some good adjustments soon enough
Title: Re: high bitcoin fee!! Post by: Maricel2017 on November 02, 2018, 12:56:09 PM when will the bitcoin fee be reduced or moderated? Mate there are many option to be used if you do not want the high fees, there are an altcoin and exchanged offers lower fees fpr every transactions. Do not wait for the btc fees fall because i think it wont happen specially there is a big dump of the value.i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? Title: Re: high bitcoin fee!! Post by: thankyoulord on November 02, 2018, 01:24:59 PM high bitcoin fee has been a pain for traders for a long time with exchangers making profit form high fees which they continuously charge. I do hope this issue will be resolved as soon as possible to make cryptocurrency and bitcoin trading a lot easier.
Title: Re: high bitcoin fee!! Post by: buahkudu on November 02, 2018, 01:51:47 PM it must be because the influence of the dollar continues to soar compared to what we previously could not see from day to day because the influence must be very high.
Title: Re: high bitcoin fee!! Post by: mlsbd on November 02, 2018, 02:48:07 PM Bitcoin fees depend on 3 categories i know via some reference.
Three Classification- 1. 3 Blocks Fees: Your transaction mined within 10 minutes. 2. 6 Blocks Fees. Your transaction mined 30 minutes. 3. Next Blocks Fees: Your transaction mined 60 minutes. Title: Re: high bitcoin fee!! Post by: kamilah147 on November 02, 2018, 04:18:41 PM If you couldn't afford the fee then use alt-coin, Bitcoin fee is to high and that is the reason why other people choose to use alt-coin. Bitcoin prices are increasing, of course many are waiting for it. but if indeed we cannot afford the high enough bitcoin price, it is better to buy a smaller and lighter altcoin. so don't force your will if you can't. Title: Re: high bitcoin fee!! Post by: donadoni212 on November 04, 2018, 08:34:11 AM bro, if you object to the fees charged by bitcoin, now imagine if you send money with FIAT through a complicated bank, do you still say if the transaction fee from bitcoin is expensive?
actually you can use another alternative for payment or maybe send money to someone else, by exchanging it for Altcoin, and my solution is doge coin which I think is the cheapest fee compared to other altcoins Title: Re: high bitcoin fee!! Post by: junglist.massive on December 01, 2018, 02:28:28 PM If bitcoin has a high price with low transaction costs, I think it would be detrimental to miners who help in the transaction because they take profit from the transa (http://rumahmu.com)ction costs, if you don't pay attention to the miners who need profits from the transaction costs then they will lose so it's natural that it has expensive transaction costs because its price is expensive too. If you look at altcoin the transaction cost is so cheap because the price of altcoins is still cheaper than bitcoin.
Title: Re: high bitcoin fee!! Post by: irenegaming on December 01, 2018, 02:33:43 PM I believe that the fee has a quite acceptable state, is a bit less than $1 in any type of transaction, remember that this is part of the incentive to keep the miners mining, in such a case is more likely to rise, because the fewer blocks remain, less btc will be given to the miners and they will have to make their profit with the fees.
Title: Re: high bitcoin fee!! Post by: Tetutu on December 24, 2018, 08:15:04 AM That's what hurt most of the crypto traders especially when the bitcoin fee is already high. It is alright to have a high bitcoin fee if it is only an option if you wanted to have your transaction processed as fast as lightning. I rate it still reasonable to note that the process is fast, because of the relative cost factor and depends on the bitcoin exchange policy. Bitcoin traders certainly want profits, on the other hand bitcoin owners who make transactions want the process to be done quickly.Title: Re: high bitcoin fee!! Post by: Shanu shan on December 25, 2018, 09:14:43 AM if you facing high fees in bitcoin just go and use altcoins those have low fees and you can get good profit too.
Title: Re: high bitcoin fee!! Post by: Rajamuda on December 25, 2018, 09:45:14 AM I think this is one factor too, bitcoin users are decreasing until the price becomes a continuous declining on the price until many people move to altcoin. Well, but in my opinion.. this will improving and not always be like this.
Title: Re: high bitcoin fee!! Post by: peacefulpeace on December 25, 2018, 09:53:18 AM i think the bitcoin fee should be synonymous with the market price of btc at that moment. But reverse seems to be the case as we have experience in the past and even present where large sum of transactions fees are charged. We hope to see change to this effect in the near future.
Title: Re: high bitcoin fee!! Post by: saumang2m on December 25, 2018, 04:59:12 PM Bitcoin has become so popular in today's time. People are using bitcoin in small transactions. Due to which Bitcoin's fees have changed.
Title: Re: high bitcoin fee!! Post by: PlusOne88 on January 15, 2019, 11:42:44 AM This would probably take a lot of study. We know for a fact that fees goes to miners also and if transactions could be lesser I think it will affect miners especially if computations could become complicated. It could use up a lot of electricity and therefore could create loses on the part of the miner. I don't have idea though how much did they earn from it. I just heard about some feedbacks on this.
Title: Re: high bitcoin fee!! Post by: Belec on January 15, 2019, 01:52:14 PM when will the bitcoin fee be reduced or moderated? i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value. when will this improvisation take place in bitcoin? I do not think so, but it has the truth, Altcoins are gaining advantage over bitcoin here. The price for bitcoin and if it is on the rise and if it is falling, the fee is very high and it is not expensive to anyone, while the other currencies are easy to fight against, I do not know how to do it. Mining is more expensive and if you do not take account of transactions, it's easy to lose money Title: Re: high bitcoin fee!! Post by: ipsec on January 16, 2019, 06:32:26 PM The commission is constant because the number of transactions does not decrease.
I think this is one of the main problems at the moment. And we have several ways to solve this problem. But at the moment it takes time. Use altcoins for small transactions for now. And yes. ETH has the same problem. Title: Re: high bitcoin fee!! Post by: Denton on January 16, 2019, 10:50:55 PM I think that this will be taken into account in the further development of bitcoin. On the one hand, it is good when you send a large amount, but when you send a small amount, the payment for the transaction may be too high. So it all depends on the situation.
Title: Re: high bitcoin fee!! Post by: mich on January 17, 2019, 02:10:04 AM Just lower the transaction cost and sit back and just wait for the BTC to be send.
Unless you are in immediate hurry to send the BTC, there is no reason say you want to spend more then need. It might sound like a good idea at first but I want to pay a few cents not a few dollars cause overall overtime it will begin to add up! Title: Re: high bitcoin fee!! Post by: Fluxtorrence9 on January 17, 2019, 03:07:11 AM This is one issue still facing bitcoin ,I remember last bullrun the transaction fee became triple for sending out small amount of satoshis ,bitcoin needs better upgrade to fix this but I guess its never going to happen
Title: Re: high bitcoin fee!! Post by: budi691 on January 17, 2019, 03:11:37 AM I think there Is nothing that can be done concerning that bitcoin fee price can't be change because that how they create the system. The design programme for Ethereum is different from bitcoin that why they don't have the same fee. that's different from the fluctuating value of bitcoin. all countries try to refuse, but they take bitcoin technology and they make the latest brands, which essentially imitate btc, it only affects market value. Title: Re: high bitcoin fee!! Post by: iMark on January 17, 2019, 05:08:51 AM If you couldn't afford the fee then use alt-coin, Bitcoin fee is to high and that is the reason why other people choose to use alt-coin. Bitcoin prices are increasing, of course many are waiting for it. but if indeed we cannot afford the high enough bitcoin price, it is better to buy a smaller and lighter altcoin. so don't force your will if you can't. I just want improvement on this. besides that I use other altcoins for transactions because it is cheaper in fees and faster Title: Re: high bitcoin fee!! Post by: ancafe on January 17, 2019, 05:19:31 AM I think there Is nothing that can be done concerning that bitcoin fee price can't be change because that how they create the system. The design programme for Ethereum is different from bitcoin that why they don't have the same fee. that's different from the fluctuating value of bitcoin. all countries try to refuse, but they take bitcoin technology and they make the latest brands, which essentially imitate btc, it only affects market value. Title: Re: high bitcoin fee!! Post by: jademaxsuy on January 17, 2019, 06:58:04 AM Yeah I feel it too because I am converting my fiat money to bitcoin and the exchange make a deduction of about 5% of it and that is huge already. As we all know that these exchanges will going to make another transaction fee when you convert your bitcoin or any crypto to fiat money. This is my problem because only one local exchange I know here in our country.
Title: Re: high bitcoin fee!! Post by: Commitments on January 17, 2019, 07:25:16 AM Talking about higher fee by using bitcoin as transaction I think is not fair, bitcoin have counted about fee by transaction under 0.00005 btc and have pass more than four years and depend how bitcoin price next time, when bitcoin on higher price maybe is high, but when lower its will be cheap.
Title: Re: high bitcoin fee!! Post by: xabre on January 17, 2019, 08:50:47 AM More than last three years I saw fee transaction for sending bitcoin to other address always the same with amount 0.0005 btc, based on your opinion talk about high bitcoin fee is not true, when bitcoin already at higher price maybe we pay with the same amount but only have higher value because bitcoin is growing up, but when bitcoin is lower price we pay with the same too and lower of fee because lower price of bitcoin.
Title: Re: high bitcoin fee!! Post by: .gustafson on January 17, 2019, 09:16:50 AM I think this is not a minus at all. In some cases, when the price of Bitcoin changes, this is a plus. Besides, why are you comparing bitcoin and ethereum?
I don’t think that bitcoin changes and becomes similar to ethereum. Title: Re: high bitcoin fee!! Post by: Pasaway2701 on January 17, 2019, 10:58:14 AM Talking about higher fee by using bitcoin as transaction I think is not fair, bitcoin have counted about fee by transaction under 0.00005 btc and have pass more than four years and depend how bitcoin price next time, when bitcoin on higher price maybe is high, but when lower its will be cheap. I agree. The transaction fee depends on the price of bitcoin on the market. Though sometimes it is not fair, you better transact amount that is cover of the transaction fee if it is not fixed. Sometimes when the price already down, transaction is higher because it is not change easily on exchange. When transaction fee is lower than required, it makes long time process than usual. |