Bitcoin Forum

Bitcoin fees are back down! I am hoping that they stay down because these last few weeks have been painful.

What do you mean by "bitcoin fleas"?
Who are the fleas and why the last few weeks are "painful"?

Bitcoin for a few weeks is still around $ 7,000 and above, what makes you painful, man? I don't understand what you are saying let alone talk about "Bitcoin fleas"
What do you mean keep quiet, it's not necessary to buy bitcoin like that?

maybe the meaning of bitcoin fleas is bitcoin itself, he might liken the bitcoin market to ticks, the last few weeks hurts maybe because bitcoin prices tend to decrease, but I'm not sure what that means, just guessing.

Fleas are insects that feed on the blood(red) of animals so i guess what the OP was trying to say was linking the recent market dip of bitcoin to fleas. However, this linkage can't be drawn properly today because bitcoin price just decreased again by $150. Hopefully, we can see all the fleas driven away by next year.

I didn't know a new term for "bloody" related to bitcoin. Well, market will surely recover before christmas just like last year and it could bounce back to $10k or more.

And we can see a crisis until the market recovers and it could down more but still we can take advantage of it.

Maybe because he bough btc around 8000$ so they think its painful to him. But it is really normal in bitcoin price , its always happening its not new if you are long investors you already experience things many times before.

Strange comparison and actually I don't see the connection.
However, don't be too happy too soon, price corrections and fluctuations will continue and it can happen that Bitcoin will not be back over 8000$ soon. Current price range is likely to stay for a while.
About two months ago I thought Bitcoin price could reach 10000$ by the end of the year but at the moment I don't think there is chance this will happen.

If fleas were refer to dump, negative news or being controlled by whales then it's not really going down as they may come anytime since the market is tend to be that way. The market is volatile and will have it's way to up and down due to economic changes that happening not just in crypto but in economy of a specific country adapting crypto. Hopefully before halving btc will not encounter any flows  before that.

OP is just using a figure of speech.
What I think op means is people who dump bitcoin or factors that dump bitcoin-like fud news. Bitcoins price will never be stable and even how calm the price movements are at the current moment we should always expect a pump/dump anytime.

Maybe he called his cat bitcoin no ? ???

Bitcoin price is is still not moving out on the falling wedge pattern and the bearish are gaining again the momentum by exhausting bulls on 7.2k to 7.6k area.
If the bulls didn't sustain buy force this week, We might  see a new lower low for bitcoin and this christmas might not be good for all bitcoin holders. I hope that
I'm wrong with this speculation but the chart really showing a bearish.

Actually for the current state of bitcoin do not need to worry, because the movement of bitcoin is still in sideways and we only need to wait until it exits the sideway. But in my opinion bitcoin can still reach $8000 in the area of resist1. And the current support line also looks good and strong, so we'll see until this sideway ends.
https://i.imgur.com/X4nyrhh.jpg

i think the topic created is trying to meme the bitcoin tx FEE not market price

bitcoin FEE's fortnight ago: 20-38 range
bitcoin FEE's this week: 10-18 range

Price is still down compared to the last few months that we've seen. Expect that this year isn't going to be good as few years ago but it won't be painful as last year.

What if that term became famous just like the HODL guy?  ;D

calm down friend, don't worry too much about the current price of bitcoin and it's better you have to stay focused on your main work so that you don't get frustrated by thinking of unstable market prices in the past few days and I'm sure at the end of this month the price of bitcoin will return to normal as usual.

I already heard many things about bitcoin but that he had fleas no  :D

This pointless thread got full with Cryptotalk sig spammers. ;D
Sometimes I can't stand this forum. >:(
That's why I'm not very active recently. :-\

I guess it is natural for bitcoin to take the edge off, it is seasonal event since we are on holidays. Bitcoin is going well, the price isn't that bad at all, it is just that it is quite stable within the short price range. For the year 2020 I guess it is not going to be bullish as for there are great news this year to be expected next year but it was not aimed with bitcoin but rather blockchain adoption.


It is negative term tho, guess it won't help.

First of all there is no such thing as Bitcoin Fleas.
Secondly crypto community is not worried about this downfall as bitcoin has the habit of making a strong come back after every downfall (do some research on price history of bitcoin).
Its good time to give yourself some break and gear up for next bull run.

Same with me.
But he said fleas and then back down.
The insects back down?
The blood back down?  ;D

He made it difficult to understand instead of getting real answers by just keeping it simple.
I guess we will be waiting for his response before we could understand it.

Maybe just his term in things that are not happening appropriately as OP wanted. We must learn to see how the market will react everytime there is news affecting its price. Does fleas may be a threat that keeps BTC falling down which is quite normal in any market that have plenty of investors and whales manipulating it.

Just like in tsunami, waves go back for the formation of bigger waves that destroy everything, same happens with bitcoin. While many are losing hope in current red market there are many who are buying Bitcoin for the next tsunami wave.  Its upto you which end you wanna join.
In trading world ups and down are unavoidable.

Fleas is in reference to "fees" lol

Bitcoin fees have been dropping which is really nice

LOL, all you people trying to guess what OP means by the word fleas. Let me guess one as well.
I think OP just misspelled the word fees for fleas. He might be saying that bitcoin fees are going down !

P.S: Saw the above post from OP later. So I kinda won in guessing the context. Lol  ;D

You are right which i dont see any connection for a flea with Bitcoin yet lets say that those fleas are those weak hands but it doesnt mean that they wont go back.
Price movement will vary with buyers and sellers which means they do come back as they liked to yet these market wont really be fluctuating nor improving if one
of the components is absent.So its a little bit out of the comparison. Flea maybe pertaining with Whales?

Holy...! So that is it. I didn't know it was also referred as that.
Okay..  ;D

It is a good thing though if the fees are getting lower.
Now, I wont need to go  back and forth buying Ethereum or XRP just so I could send payment to somebody.
I am trying to avoid those fees before because it will be a waste of bitcoin but if what you say is true then I would transact directly now.

Will try it with my next transaction.

Good to hear that bitcoin fees are already dropping down. But i also hope that bitcoin price will soon to recover before christmas so that we will have a merry christmas one. But for the the present price, let's seize the moment to buy more bitcoins while the price is still in bargain.

Holy...! So that is it. I didn't know it was also referred as that.
Okay..  ;D

[/quote]

I was a bit worried, on a cat i know how to remove fleas, but on bitcoin  ???

Yeah I also notice that in three of my transactions, the fee is now lower, but in the case of Yobit withdrawal, they still implement the 0.00120000 so I have to trade it in other altcoin that has a much lower fee, like Ethereum or Litecoin, but I prefer Litecoin because it only cost 25 cents compare to Ethereum which is 95 cents, others are saying XRP is also a good choice.

I don't know why you think a fees to be fleas.

I made a transaction and I checked the cost was indeed cheaper. It costs around 0.15-0.25 dollars, the amount is twice cheaper than last month.


The exchange determines the withdrawal fee at a fixed price. That's why the exchange actually does not adjust transaction fees with the blockchain network.

Haha, you've got us thinking of what does it mean.

I even thought about what if's regarding that term. LOL! At least you have cleared that it was a typo.  :P

How the hell did you get fleas and fees mixed? I can understand saying fea and not fee or vice versa but there is an "l" there my dear man. Is this so difficult to check before hitting post? Can you not edit it now? I guess not...

Bitcoin fees have been usually for the past few months and I have been paying between $0.32-$0.50 which I think is fair and the transactions were very quick. What are you unhappy about? How much would you like to pay? How fast would you like it to be and how fast has it been for you lately that you feel the need to complain? I don't think transaction fees are a big thing to worry about. The bank charges the same amount but the bank has monthly costs too. My bank is $12 a month and then $0.20 $0.50 for each transaction. This is $12 more than bitcoin. I get nothing for my $12.

Do people seriously not understand humor?

Bitcoin transaction costs have been extremely high (in terms of the crypto market) but have recently started coming down.

Here's the thing about crypto. We have a certain expectation for the market and economy. So I don't care if a regular transaction is 100x the cost of a cryptocurrency transaction. I have been in the community for a long long time, and know what to expect.

Yes mate the Bitcoin transaction fee comes down as $0.5 to $0.20 depending on the priorities it compares to last few months ago maybe it will come down due to bitcoin price drop significantly. But I do not agree with bitcoin fleas because of it will happen relying crypto market.

I think this person meant that Bitcoin's behavior is similar to flea's jumps. These rapid changes and price hikes are exactly like flea's jumps. A little incorrect comparison, but everyone has his own imagination, so this person came up with the idea to compare the behavior of digital gold with flea's jumps.

That's how the crypto market is always dynamic, sometimes rising and sometimes falling, as Bitcoin drops, the market becomes bloody and so the market goes green. The right moment is to enter the market in a red state, logically like it. But bitcoin after this is ensured there will be a wave of ascension, the decline now is a correction when he was struck by the wind because it was too high so he crashed, later he will be back up again.

Don't know about everyone else but I've still been paying 1 sat/byte the past few weeks. Sure, it takes hours, even 8-16 hours for when the network was at 15k and climbing but eventually it goes back down and I get my tx confirmed.

There was one particular tx I needed to confirm quickly this week, was the only time I actually RBF'd in the whole past 3 months. Fact, this whole year now, all but a few of my txs have been 1 sat/byte. And when I HAVE paid more, I just bump to about 11/byte, so never even 10 cents.

Well are you sure that it's not their mating period and they haven't laid a lot of eggs till now ?

Now they are just waiting for the eggs to hatch , it's like the silence before the storm .

Never be sure of anything , it's bitcoins.
They strike us when we are thinking *yeah it's so calm now* and it goes down in an instant .

Bitcoin have goes down and nothing we can do because selling bitcoin have loss much money and reinvesting with bitcoin worried will back with higher price again or not, although with new year bitcoin look keep with lower price and we don't have way how to push bitcoin back to higher price.

I don't think it's a misspelled thing because he included a picture of a cat scratching. Meaning op intended to use the word flea. Flea is an insect commonly found in animals like cats.
Though I still cannot connect the word flea with bitcoin... Everyone's guessing since op didn't made it clear.
It's normal for bitcoin's price to drop and eventually it will also go up in the right time. So let's just wait for it to happen and be positive with the current situation.

actually i don't understand op statement. so I just wondered maybe the ticks that op meant were the popes. in recent days bitcoin has continued to decline and this decline may have been manipulated by the pope. whales = fleas
so the op hopes that these whales are silent not manipulating the bitcoin market. so that the price of bitcoin can be stable and then increase.

there is no transaction spam so transaction costs go down it is reasonable and not many people make transactions on bitcoin it's much better, given the high price of bitcoin should make transactions for things that are very necessary, so as not to accumulate transactions in the network with a large fee to get confirmation transactions, bitcoin tick is an easier word to say than FUD

I think what he wanted to say was really flea, wherein "flea" means a flightless insect and if you connect it to bitcoin, it means unable to fly to the moon. Well, this is only my guess. Since bitcoin continues to decline that is why he called it bitcoin fleas.

We don't have to connect what he means, but the fact is bitcoin price now is down and still not increase. But we have a hope to see the price will increase in the next day. No matter what OP means, we cannot know what he wants to say, and we don't have to think many things because that can make misperception to many people ;D

We need to prepare another down of the price because bitcoin price now seems to want to go down again.

Whenever we see a dump on bitcoin price it is very painful most especially if the amount went down way lower than the price you bought it. It is very likely that he bought bitcoin perhaps $8000 or more so when the price went down to $7000 then it became painful. On the other note, I still don’t understand why he compared it with  fleas, I just think it is weird. Anyways, we are still at the $7100 mark and I just hope the tide will turn and it will reach atleast $10k.

I bought bitcoin at a price of $ 7500 and now it drops to $ 7100 even though it hurts because the price of bitcoin is slowly going down so I will not bother to better wait for the bullrun to come and it will definitely be there and after that see the movement of bitcoin to a high level.
If you only regret then it's not good, we better wait for the right time because we hold Bitcoin instead of altcoin which often becomes shitcoin.

Sometimes it is just because of a higher or lesser volume of requested transactions that could potential change the fees costs.

Imagine an exchanger seeing there is a high volume of transactions being requested on their hand. They will be lowering the fees. And so does the vice versa application.

That might happen when there is alot of fuzz from the community that implies on buying / selling all of sudden and market starts getting fluctuations so high that a fee change should be applied for that particular moment.

I still see it as bullish with that $7k price because the miner fees aren't too high with that level of price but it makes me worried when the time that bitcoin goes bullish. I'm pretty sure there will be an increase of the miners fee as well since there will be a lot of activities going on when the market is in bull run.

I was thinking the same 2 months ago to be honest, but it seems that bitcoin will not even increase to 8k$ by the end of this year. I'm thinking that bitcoin will stay in this range of price for more few weeks to get the correction of prices and then it will go up and increase a lot by the next halving which it will take place in the half of 2020.

Bitcoin price is not rising. Why doesn't it rise? Because investors were scared. New stories require new investors to enter the market. Bitcoin needs a new exciting development. The year 2020 could be better for bitcoin.

I am talking about the fees. Bitcoins fees were high and they have come down a little bit.


Everyone always says that the next year will be better for Bitcoin....

The current bitcoin movement in my opinion is normal and happens down or up which in my opinion is not too far away that makes investors feel hesitant to act.
and the current correction will continue in the next few weeks and now bitcoin is increasing slightly from the previous price decline and the current price is around $ 7100 and in my opinion this will continue to increase slowly and gradually which will make bitcoin better in 2020.

Last time I did a transaction from one address to another was 10k satoshis.
That doesn't hurt much anymore unlike before which could go to a whooping 100k satoshis.

I guess it is because of the price of BTC which is getting lower and that is why the fees are also being dragged by it.
I think so.  ;D

Very little to be mined. Once the entire supply is mined there will be big demand for bitcoin which will boost the price much higher. This is just the real life calculation. We don't know how things will happen in reality as the cryptocurrency market is something different from the stocks and other investments. As the market is supportive for buying, it is good to buy and accumulate for long term profiting than just missing the opportunity.

The price has risen again, so crypto traders are back in business.

Did you mean about the people that making bitcoin down or about the prices variation? Definitely, the price is really volatile. You cannot predict the ups and downs. Its quite not good to sell at this time due to price downfall. Nevertheless, its good to buy to take advantage of the low price. I think will just go with the flow.

Some people here are just too dump :o. Okay, the OP said fleas, of course we know that was a typo error and wasn't what he meant to write and he already explained that in the body of his post – he's trying to say that the fees for doing Bitcoin transaction have reduced and some people are here commenting wrongly. Seriously, some comments here must be annoying.

To the OP: the fees are down but I don't think they will be down for long, especially now that we all are expecting the price to go up. As the price goes up the fees will go with it, just like it happened back in 2017 during the last bull run because when bulls are back to action, more people will start transacting which will lead to possible network congestion.

As of now, tx fees are good and more people must adopt segwit to keep fees at possible low even in bull times.

OP didnt typo error

he trying to purposefully memify the word fee to reference fleas
he just trying to create the next HODL buzzword

i dont see this one catching on though

Not really like "HODL" but more of just messing around.

It's true that the bitcoin fleas are gong down, I'm having being also concern about that because I'm a investor but Platonism hope is alive still in my soul, I believe that there will be lot of update to upcoming new year.

It looks as if you are the only one who thinks he was telling us that his cat has fleas. :)

If you spot fleas on your bitcoin, then you need to treat it quickly, because they can give your bitcoin tapeworms and other afflictions. Whilst you are treating for fleas, it is probably sensible to worm your bitcoin as well. If some satoshis drop out of the back-end then don't worry, this is normal and a sign that the worming treatment is working.

It is also important to remember that fleas can survive without a host bitcoin for a considerable length of time. With this in mind, it would be prudent to clean your bitcoin's bedding regularly.

Honestly physical bitcoins are an absolute nightmare to look after. This is why most of us prefer to keep them virtual.

I feel we ought to move this thread to 'serious discussion'.

Hopefully it will goes down continuously. The fees are highly burden with bitcoin supporters. Many of us know how much we lose if we withdraw or send bitcoin to our wallets and in others. It is a good news for us since we don't need to convert anymore to other cryptocurrency just to cut our loss in fees made by miners or exchanges.

Don't include images in quotes! You'll annoy Jet Cash (https://talkmerit.com/the-source/index.php/plank/smart-threads-described).

Quite apart from the fact that we already know this cat has fleas, and so by duplicating the cat you are effectively copy/pasting the fleas as well, and just making the problem worse.

I was attracted by the title of OP but when I read the content, I see that it was a typo. Anyway.. it is really good to see Bitcoin fees going down.  I hope it goes down to the value that can compete with other altcoins fees.  If we look at it, Bitcoin fee is still more expensive than other major altcoin.  If this is fixed plus the confirmation time, I bet Bitcoin adoption will be accelerated.

With GeoPolitical tensions going down, Bitcoins are also going down.

It is unlikely to be a typo because the OP is actually included a photo, probably his cat, to the post, and the cat is scratching its head indicating of an actual fleas which hurt his pet. This is somehow symbolic but upon thinking about the topic, it is like the concept of parasitism in which on our market, the parasites are the resistance that holds the market price to be low, without these resistances, bitcoin could achieve an ATH way higher than before. That might be the reason why the fleas are now going down, but deep inside for me, it is the tension from the Iran and US that triggers the huge market price.

Yeah, I'm happy to see that bitcoin miner fees are down now, it's all about how the market is saturated with bitcoin's transactions, I mean the less unconfirmed transactions, the less miner fees. I hope that bitcoin's fees will stay at this low with a continuous increase of bitcoin's price over the time.

Bitcoin fleas are never stable they are always in up and down motion. In the start of Dec 2019 speculations were bitcoin may go down to 3k$ again. While in start of Jan 2020, speculations were its may go upto 9k$ but since last 2 days market going down again. You will never see bitcoin fleas stable.