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Question: How much are you willing to pay in fees on daily basis for a Bitcoin transaction that is cleared within 10 minutes? (1 block)
0.01 USD fee (or less)
0.1 USD fee (price of sms)
1 USD fee (price of a bottle of water)
5 USD fee (price of a coffee)
10 USD fee (price of a lunch)
10+ USD fee (whatever it takes as long as it's irreversible & secure)

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Author Topic: How much are you willing to pay in fees for a Bitcoin transaction?  (Read 6122 times)
Doamader
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March 23, 2017, 08:53:48 PM
 #161

Well i do pay accordingly my needs, if i need the transaction  to get confirmed soon as possible i do pay a premium fee to let my transaction to be at top, if i need the money but i can wait for the transaction i send normal fees from 20k-35k satoshis accordingly market sugestions.
crairezx20
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March 23, 2017, 08:57:50 PM
 #162

0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.
I think even 10k sat is enough no matter the price of bitcoin is.. because we are living in bitcoin before with small fee transaction and now slowly we are seeing the fee should increasing because if you pay small the transaction will long to receive..
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March 24, 2017, 01:19:15 AM
 #163

0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.

Even it will go up to $0.5 still that's not going to bother me and that amount isn't that big amount at all to think about that my transaction will be confirmed for the next block. Also I will keep on following the suggested amount of blockchain.info to make sure that my transaction will be good and won't be failing.
Yes indeed because most of the other payment processors are like charging 5-6% fees per transaction and then the tax issues also so I believe that paying little fees is not a problem with bitcoins. The problem comes with gambling sites and exchanges where people do like 100's of transactions per day.
On a helping note, anyone who wants to save fees can use directbet's casino wallet they cover the fees.
batang_bitcoin
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March 24, 2017, 08:34:54 AM
 #164

0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.

Even it will go up to $0.5 still that's not going to bother me and that amount isn't that big amount at all to think about that my transaction will be confirmed for the next block. Also I will keep on following the suggested amount of blockchain.info to make sure that my transaction will be good and won't be failing.
Yes indeed because most of the other payment processors are like charging 5-6% fees per transaction and then the tax issues also so I believe that paying little fees is not a problem with bitcoins. The problem comes with gambling sites and exchanges where people do like 100's of transactions per day.
On a helping note, anyone who wants to save fees can use directbet's casino wallet they cover the fees.

Yes it will always be small amount to me, I just don't know with others it's a big deal to them comparing to the old ones that are charging that way. It's normal with those exchange and casino's to have that fees. But nowadays, it's very normal that if you are going to pay the higher fee, then you will be confirmed immediately within the next block.

yrreg ger
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March 24, 2017, 10:47:45 AM
 #165

It depends on how much the transaction is for.  I'm OK with giving $1.00 if what I'm sending is a few hundred dollars.  If it's something like signature campaign earnings, I'd be willing to pay a few cents at most.  Maybe a dime or so.  I like wallets that let you adjust the fees.  The blockchain.info wallet sucks ass for just that reason, though I forget what they're charging for a fee.
Actually conversion from btc and dollar have a price diference. It defends on how much you have to exchanges from btc to dollar or local currency but every day the trading wil increase and then decrease. For that purpose, I want fees not too much high or enough to make profit when I want to exchanges to dollar or local currency. Because sometimes I want to buy a bitcoin then I wait to convert until it will increase or to make sure that I have a profit.
whizter
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March 24, 2017, 08:06:32 PM
 #166

0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.
I think even 10k sat is enough no matter the price of bitcoin is.. because we are living in bitcoin before with small fee transaction and now slowly we are seeing the fee should increasing because if you pay small the transaction will long to receive..
yes to me the price must be low as if we want to attract more and more people in bitcoin world. if the transaction fee will be reasonable then people will give more preference to bitcoin.

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March 24, 2017, 08:25:55 PM
 #167

0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.
I think even 10k sat is enough no matter the price of bitcoin is.. because we are living in bitcoin before with small fee transaction and now slowly we are seeing the fee should increasing because if you pay small the transaction will long to receive..
yes to me the price must be low as if we want to attract more and more people in bitcoin world. if the transaction fee will be reasonable then people will give more preference to bitcoin.

Yes, I agree with you. One of the advantages of bitcoin is the low price of transactions. And I do not hrchu bitkoin lost this advantage. I believe that the normal fee is $ 0.01
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March 24, 2017, 09:13:45 PM
 #168

Feels like the main issue seems to be what each group (miners, hodlers, core...) wants bitcoin to be. The currency that everyone uses daily with very low fees or a store value for all others to be traded against, a place to hide the value where the fee price is less important.
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March 25, 2017, 12:09:14 AM
 #169

Feels like the main issue seems to be what each group (miners, hodlers, core...) wants bitcoin to be. The currency that everyone uses daily with very low fees or a store value for all others to be traded against, a place to hide the value where the fee price is less important.

Well, it is like who they want to lead the bitcoin network and who is powerful. And I dont like paying big fees transacting bitcoin because all I want is just to know if my reciever can get the bitcoin I transacted. I dont want to pay bigger fees because I love bitcoin because of its low fees and fast transactions.
Kuchen
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March 25, 2017, 05:14:07 AM
 #170

Feels like the main issue seems to be what each group (miners, hodlers, core...) wants bitcoin to be. The currency that everyone uses daily with very low fees or a store value for all others to be traded against, a place to hide the value where the fee price is less important.

Well, it is like who they want to lead the bitcoin network and who is powerful. And I dont like paying big fees transacting bitcoin because all I want is just to know if my reciever can get the bitcoin I transacted. I dont want to pay bigger fees because I love bitcoin because of its low fees and fast transactions.


Exactly, BTU becomes the kind of coin you would be interested in for the short term because it solves (when bug-free) your issue which is high fees and transaction times. I'm torn because I want bitcoin to remain both a store of value and maintain its use for everyday purchases, which ignorantly from my perspective seems to be core in the long term.  There is definitely a risk that while the fees continue to increase and price slides from the debate that another coin will take over assuming that it has smaller fees and quick transaction times.
ArdiPrabowo
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March 25, 2017, 05:49:20 AM
 #171

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

youre sending fee youre use transaction is very small
0.01 dollar equal 10k satoshi, with sending fee is very small very long time youre transaction in confirmation, or maybe never confirmation
jossiel
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March 25, 2017, 07:41:08 AM
 #172

I am willing to pay for fees depending on the recommended amount given by blockchain.info and as long as it is not considered high.

And that is going to make my transaction confirmed easily, it doesn't matter as long as it is acceptable amount.

As the price of bitcoin is falling now, the fees seems to be falling too.

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