Is bitcoin transaction fees fair?

[fearcoka]

i think it is fair fee.when price increase,fee is also increase simultaneously and vice versa.in my opinion it is fair fee and i like the process from my heart.

The transaction increases does not mean the value of Bitcoin increased made its transaction fees also increase the value. You do not know we always need to saving our Bitcoin for future while the Bitcoin miner always raise the transaction fees when the price of Bitcoin increases fastly or create new all time high price.

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[hndrk10]

I think the transaction are a bit pricy. Some wallets even have the fees set on HIGH and you can't even change that (Exodus for example). That's just disturbing.

[Ayiranorea]

The transaction fee issue arises often and gradually fades of as the transaction that were unconfirmed for a long time period gets confirmed. I won't do much of transactions and most of the time while making a transaction used to provide the fees suggested by the wallet and the same has helped with faster transactions. I have the thinking that we should have the mind to accept little increase in fee, because the price last year same time and present is much different and we expect for a fee that was provided during the last year same time when price was around $750.

[mr_enoc]

i think it is fair fee.when price increase,fee is also increase simultaneously and vice versa.in my opinion it is fair fee and i like the process from my heart.

The transaction increases does not mean the value of Bitcoin increased made its transaction fees also increase the value. You do not know we always need to saving our Bitcoin for future while the Bitcoin miner always raise the transaction fees when the price of Bitcoin increases fastly or create new all time high price.

I don't think that is right, when bitcoin value increase transaction fees are also increases?
Does it mean that they are having a hard time when btc price increases or they are doing it for their own benefits and take advantage of the situation that bitcoin user cannot react and do some actions because transaction fees are common and natural flow when you are doing some transaction.

Fees are commonly paid in every transaction but the higher transaction fees is not fair.

[Granxis]

All the exchangers have escalated the transaction fee. I do not know the reason. since every thing about cryptocurrency is decentralized no body can actually question the administrations of most of those exchangers.

Increasing the transaction fee means that the transactions will be faster, the transaction fee is high, but there is a measure against small amounts. There should not be too many micro-transactions.

[shield132]

All the exchangers have escalated the transaction fee. I do not know the reason. since every thing about cryptocurrency is decentralized no body can actually question the administrations of most of those exchangers.

Increasing the transaction fee means that the transactions will be faster, the transaction fee is high, but there is a measure against small amounts. There should not be too many micro-transactions.

Why shouldn't be? Is bitcoin for only reach people? You say there shouldn't be too many micro transaction and many says too but after that similar people comes and say bitcoin must be accepted as a major payment way or amazon/ebay has to accept it. I want to buy something that worths 5$ but bitcoin don't gives me right, so no way to become this coin more popular. Maybe you have possibility to send much money + pay high fee but think about others too.. Don't talk about myself, that doesn't matters for me now but I know many people who forgets bitcoin because of that reason and it somehow kills bitcoin's possibility to grow.

[OverKiII]

When people are ot utilizing and departing bitcoin can happen bitcoin is not valuable.But the truth is bitcoin customers aren't experiencing a reduction in their users but more and more so bitcoin jobs could be more useful bitcoin.n

[Da Cambodia]

Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.

At the moment it's still fair because it's just a little bit low. The non-fair exchanges are the size of our paid fee.

[nikola22]

Increasing the transaction fee means that the transactions will be faster, the transaction fee is high, but there is a measure against small amounts. There should not be too many micro-transactions.

but what have to do people who transfer small amounts? they will switch to other cryptocurrencies with lower fees.

[tinystone26]

I think that's not fair when bitcoin increases the price and the exchanger also increases its fees that's not good, we all now that we want to earn more bitcoin to convert it. I think their really serious of taking all bitcoin to earn it easily

[Psyloc9302003]

the fee simply follows the law of supply and demand..the higher the price the bitcoin the more people are willing to convert it into local currency thus goes that is why the fees are higher because the demand is there so for me it is fair..

[junoreactor]

the fee simply follows the law of supply and demand..the higher the price the bitcoin the more people are willing to convert it into local currency thus goes that is why the fees are higher because the demand is there so for me it is fair..

But what is the price reaches $10k, then $20K, the demand will grow and fees get higher? In that case, will people still be willing to buy Bitcoins?
I think fees are a serious concern.
I do believe Bitcoin has a future when it comes to buy houses, cars, so in this particular case fees should not be a problem, but if we are willing to use Bitcoin in everyday's life (to shop at Amazon for instance), then something needs to be done.
My 2 cents.

[Alfinopogi]

Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.

is bitcoin trandaction fees fair? i think yes but If people pay it then of course it's fair. It's like every other business model. if a customer pays then obviously it is going to be something that supply and demand will influence the price.

[hangar18]

the fee simply follows the law of supply and demand..the higher the price the bitcoin the more people are willing to convert it into local currency thus goes that is why the fees are higher because the demand is there so for me it is fair..

But what is the price reaches $10k, then $20K, the demand will grow and fees get higher? In that case, will people still be willing to buy Bitcoins?
I think fees are a serious concern.
I do believe Bitcoin has a future when it comes to buy houses, cars, so in this particular case fees should not be a problem, but if we are willing to use Bitcoin in everyday's life (to shop at Amazon for instance), then something needs to be done.
My 2 cents.

In my opinion, we only can reduce our activity transfer Bitcoin for daily. Instead, use other cryptocurrencies can provide good system with low transaction fees. This is a solution to solve this problem if the devs of Bitcoin can not find the method help Bitcoin transaction fees decreases.

[Viakor]

i think it is fair fee.when price increase,fee is also increase simultaneously and vice versa.in my opinion it is fair fee and i like the process from my heart.

The transaction increases does not mean the value of Bitcoin increased made its transaction fees also increase the value. You do not know we always need to saving our Bitcoin for future while the Bitcoin miner always raise the transaction fees when the price of Bitcoin increases fastly or create new all time high price.

I don't think that is right, when bitcoin value increase transaction fees are also increases?
Does it mean that they are having a hard time when btc price increases or they are doing it for their own benefits and take advantage of the situation that bitcoin user cannot react and do some actions because transaction fees are common and natural flow when you are doing some transaction.

Fees are commonly paid in every transaction but the higher transaction fees is not fair.

I am with you it is not fair. When bitcoin is rising up the fees are mostly also rising up. This will make a hard time for low investors because sometimes they want to spend it but they can't.

I know a friend who was earning from faucets he couldn't spend anything because the fees were so high.

[zimmix]

remember that are not the miners that make the fee, they could accept even the lowest fee if everyone was using the lowest one and reducing the average, it's up to the peple that decide what fee to use

if for example everyone start now to lower his fee the average would be like the old 10k satoshi per transaction, but instead everyone is rushing to have his/her transaction prioritized and this is increasing the average, miners have no fault here

You got it right, it's all about people's decision. I only use low fee (satoshi/kb) for my transactions and turn what I want to spend into other safe coins, like ETH that have better fees. My purpose doing this is because I disagree with fees scaling with the price (in usd), for now, people don't mine for the fee, they mine for BTCs and fees they get are a plus, so I'm pretty sure that if the majority applied low fees (satoshi/kb), then it would become normal.

[sungaiyangderas]

Not balanced but I think it makes sense. If you want a safer deal, you will incur additional fees and lower fees for less accurate confirmations. I think it does not automatically you have to choose manually in your wallet. I hope to make network changes so it is easy to send and receive transactions as before.

[Fatanut]

i think it is fair fee.when price increase,fee is also increase simultaneously and vice versa.in my opinion it is fair fee and i like the process from my heart.

The transaction increases does not mean the value of Bitcoin increased made its transaction fees also increase the value. You do not know we always need to saving our Bitcoin for future while the Bitcoin miner always raise the transaction fees when the price of Bitcoin increases fastly or create new all time high price.

I don't think that is right, when bitcoin value increase transaction fees are also increases?
Does it mean that they are having a hard time when btc price increases or they are doing it for their own benefits and take advantage of the situation that bitcoin user cannot react and do some actions because transaction fees are common and natural flow when you are doing some transaction.

Fees are commonly paid in every transaction but the higher transaction fees is not fair.

I am with you it is not fair. When bitcoin is rising up the fees are mostly also rising up. This will make a hard time for low investors because sometimes they want to spend it but they can't.

I know a friend who was earning from faucets he couldn't spend anything because the fees were so high.

It's not like the miners are controlling the transaction fee. When the price of bitcoin is increasing, people are rushing to cash out their bitcoins or exchange their altcoins to bitcoins and then withdraw it. A lot of movements are going on, a lot of transactions are happening, thus, the transaction fee is increasing. Y'all have to understand that that is how the transaction fees are computed. A lot of people are transacting so a lot of people are bidding higher and higher to get their transaction be confirmed first than others (or simply, have a higher priority than others).

Oh, about that friend of yours, the miners don't care about him. They don't care if he has stayed up all night just so he can earn that money from that faucet. They are not going to make an exception to your friend just because he made that money from such hard work. People here are smart enough to not waste their time on faucets, thus, people have more money than your friend. It might seem really high for him because he's in the lower class (in terms of the amount of bitcoin earnings) but it's "alright" for most bitcoin users.

[allathere]

No my friend,
I think bitcoin transaction fees id is not fair currently because of I want to process a transaction worth $100
I need to pay atleast $20 to process the transaction....
Currently it is not Okay...

[heureca]

No my friend,
I think bitcoin transaction fees id is not fair currently because of I want to process a transaction worth $100
I need to pay atleast $20 to process the transaction....
Currently it is not Okay...

May be not 20$) I think average BTC transaction fee is about 5-8 $. Of course there a lot of criprocurrencies like DGB with very small transaction fees and it is preferably to use it.