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Author Topic: I think we are greedy  (Read 5733 times)
Slark
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May 29, 2017, 05:03:34 PM
 #121

You want to know what is the perfect cure and solution for the problem Op described? Wait for the future where you won't have to use bitcoin exchanges anymore.
Every service and merchant will be accepting direct bitcoin payments so these ridiculous fee will disappear. Until then, just pick an exchange with the best possible fee structure.
Good thing there is plenty of exchange to choose from.
richardsNY
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May 29, 2017, 05:25:42 PM
 #122

Taking and making profit is one thing but the too high fees is daylight robbery. We all thought Bitcoin would have some transparency and help change people's lives, but miners and whales should stop being TOO greedy as this will put many newcomer off, so in the end they will lose out if the price of Bitcoin doesn't rise as it should.

One way or another, it was very clear from the beginning that fees would increase throughout the years -- that's why it doesn't come as a surprise to me. The only thing that did somewhat surprise me, is the way how we have reached the current hight of tx fees. I remember people were freaking out when there were 50k unconfirmed transactions, and then 100k, and then 150k, and now 200k. What's next 300k? 400k? It's insane how this spam continues to grow in size.
Winner
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May 29, 2017, 08:42:23 PM
 #123

I think that people should try to hold onto their Bitcoin more if they really are complaining about the transaction fee. If the price of Bitcoin goes up about a hundred dollars or so, the transaction fee would be a little less if person knows how to go with the trend. Trading with leverage wouldn’t be that tough to do because the chart would usually have an upright signal and only those that didn’t know about Bitcoin while putting money into would lose a whole lot of money.


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Janation
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May 29, 2017, 09:01:18 PM
 #124

I think that people should try to hold onto their Bitcoin more if they really are complaining about the transaction fee. If the price of Bitcoin goes up about a hundred dollars or so, the transaction fee would be a little less if person knows how to go with the trend. Trading with leverage wouldn’t be that tough to do because the chart would usually have an upright signal and only those that didn’t know about Bitcoin while putting money into would lose a whole lot of money.

I don't think transacting a bitcoin, worth $2500 or so would have a transaction fee less than the current fee and with the current price of $2100. The higher the price of bitcoin, expect a higher fee, and you don't need to complain about it, you just need to go with it if you don't want to make your transaction stuck there forever.
cecenaomi
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May 29, 2017, 10:54:05 PM
 #125

I totally concur. The expenses need to drop, plain and straightforward. For individuals holding as an individual speculation - charges don't make a difference, yet for the general population utilizing Bitcoin on an everyday premise it's a genuine undeniable irritation. One of the primary reasons individuals started raving about Bitcoin and every last bit of it's marvels in any case was on the grounds that it had low expenses
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