$0.85 transaction fee is absolutely ridiculous!

[richsoon]

So if BTC goes to $10k, $100k or even $1mil it's to be expected that the fees will go way up? To me it feel ok for now to pay the fees we have now but as more new money's pouring in and as we get more transactions, where will that leave the fees, does anyone have an idea?

If it goes to $1 mil probably we will see $1000 fees and then your average person who wants to invest 100-1000$ will say no way in hell and only the ultra rich will be able to participate.

[krisnt80]

Even knowing the fees has raised a lot, i had made a transaction at blockchain on day 24 and my transaction has been confirmed on day 8 June, the wizzard is the support says that if 7 days pass they funds will return to the wallet, i had used 50k as fee, and day 27 i got a payment with 60k satoshis, this will end killing bitcoin if nothing is made at once.

[AtillaL]

So if BTC goes to $10k, $100k or even $1mil it's to be expected that the fees will go way up? To me it feel ok for now to pay the fees we have now but as more new money's pouring in and as we get more transactions, where will that leave the fees, does anyone have an idea?

If it goes to $1 mil probably we will see $1000 fees and then your average person who wants to invest 100-1000$ will say no way in hell and only the ultra rich will be able to participate.

That ain't good...so long for decentralized

[spatifilium]

Small value, small fees and vice versa
Last year, when the BTCwas 200$, fees did not seem so big 

[harizen]

So if BTC goes to $10k, $100k or even $1mil it's to be expected that the fees will go way up? To me it feel ok for now to pay the fees we have now but as more new money's pouring in and as we get more transactions, where will that leave the fees, does anyone have an idea?

Yes even not with the amount in bitcoin but in the USD value of itself. Right now 200,000 satoshis is around $5, if bitcoin price will increase more that 200,000 satoshis will be more worth in USD value any maybe can become $50 in the future.

So if the bitcoin amount fee will rise too while having a high USD value then you can really say that price is extremely horrible and ridiculous.

[raoulsergia]

If U cant afford the fees, use altcoins... simple trick

Monero = 10 cente fees
Litecoin = 25 cents

Two are best for fast and low cost effective solution

[BitcoinPricingtool]

You are right and the key to solving this is increasing the block size or importing something into the technology of BTC, because the miners themselves are not ready to do anything constructive, sometimes even mining empty blocks when the fees are not satisfactory to them.
A 2 MB block should lower the burden with double the size, or even something more fundamental, but the fees now are too big and even at the level of PayPal's 0.35 + 3% level right now for small Transactions.

[KeyGenKing]

You are right and the key to solving this is increasing the block size or importing something into the technology of BTC, because the miners themselves are not ready to do anything constructive, sometimes even mining empty blocks when the fees are not satisfactory to them.
A 2 MB block should lower the burden with double the size, or even something more fundamental, but the fees now are too big and even at the level of PayPal's 0.35 + 3% level right now for small Transactions.

I would be happy if i could pay a fee of $0,85, i want to make a payment and i should pay 0.0038007 BTC (10.42 USD) in FEE
It´s not even funny anymore.

[LoyceV]

I can't believe anyone still tries to rationalize and defend these high fees. Do we have to wait until it gets to $100 per transaction before people say enough is enough?

I found one for you: 283.51 USD fee for 16 kB.

We're now at the point where sending 1 mBTC requires almost 1 mBTC in fees.

Let me show "the poor addresses" from the Bitcoin Rich List:

Balance	|	Addresses	|	% Addresses (Total)	|	Coins	|	$USD	|	% Coins (Total)
0-0.001	|	10429459	|	57.4% (100%)	|	2,030 BTC	|	5,473,171 USD	|	0.01% (100%)

This means 57.4% of all funded Bitcoin addresses have a balance that is too low to use! These addresses hold "only" 0.01% of all Bitcoins, but more than half of all Bitcoin balances are now useless!
More than $5 million dollars became worthless. And while miners earn more than that per day, many people simply can't use Bitcoin anymore. Once they're gone, I don't think they'll come back.

[hajimasan]

Now after january 2017 I had very less transaction and so what what did are of bulk amount about of ranging from $200 to $300 because we have to pay a very high amount of transaction fees and that's the main disadvantage of bitcoin now because we have to use bitcoin in our daily dad to day life and if we have to pay such a high amount of transaction fees the we will loss interest in bitcoin because paying such a high transaction fees is not up of every common man.

See this is my yesterdays transaction :
Value when Sent : $256.66
Transaction Fee : $5.76

So earning $5 need lots of hard work itself and if we are to pay such hard earned money as transaction fees then the beauty of bitcoin is longer there and we would simply love to continue with our traditional fiat currency. I think there is need of solution for such problems. because when it is said the bitcoin is for everyone then we should have low transaction fees and not everyone could afford to buy or transaction bulk amount and neither we require to transact such amount in our daily life so there must be some solution for this of problems in bitcoin because we all know that bitcoin is a good cryptocurrency so being a good crypto it should be user and common man friendly.

[raymond541]

transaction fees now really problem for small amount sender.blockchain now charging $2 fees for every transaction which is really high for who want to sending under $100.fees now seems like business Blockchain.info stop their multi send option.you can now send 1 wallet to 1 wallet.
I see every block have 90% transactions are under $100 transaction.people are loosing their hard working money.if block size not increase bitcoin will fall in big trouble.

[Dabs]

I can't believe anyone still tries to rationalize and defend these high fees. Do we have to wait until it gets to $100 per transaction before people say enough is enough?

I found one for you: 283.51 USD fee for 16 kB.

We're now at the point where sending 1 mBTC requires almost 1 mBTC in fees.

Let me show "the poor addresses" from the Bitcoin Rich List:

Balance	|	Addresses	|	% Addresses (Total)	|	Coins	|	$USD	|	% Coins (Total)
0-0.001	|	10429459	|	57.4% (100%)	|	2,030 BTC	|	5,473,171 USD	|	0.01% (100%)

This means 57.4% of all funded Bitcoin addresses have a balance that is too low to use! These addresses hold "only" 0.01% of all Bitcoins, but more than half of all Bitcoin balances are now useless!
More than $5 million dollars became worthless. And while miners earn more than that per day, many people simply can't use Bitcoin anymore. Once they're gone, I don't think they'll come back.

I think you're right. Those $5 million dollars worth of dust are practically gone. I'd guess those were forgotten or left over or something. While the number of addresses is staggering, they could belong to the same people or same entities, but the total worth, as we can clearly see is just 2030 BTC.

[spngebob]

If U cant afford the fees, use altcoins... simple trick

Monero = 10 cente fees
Litecoin = 25 cents

Two are best for fast and low cost effective solution

It's not trick and it is not solution.
I don't want to use alcoins. I want to use bitcoin, as the matter of fact i started with whole bitcoin thing because of bitcoin, not altcoin.
I remember a year and a half ago it was normal to send transaction and pay 10-15K satoshi fee.
What the hell went wrong?

[LuanX3]

If U cant afford the fees, use altcoins... simple trick

Monero = 10 cente fees
Litecoin = 25 cents

Two are best for fast and low cost effective solution

It's not trick and it is not solution.
I don't want to use alcoins. I want to use bitcoin, as the matter of fact i started with whole bitcoin thing because of bitcoin, not altcoin.
I remember a year and a half ago it was normal to send transaction and pay 10-15K satoshi fee.
What the hell went wrong?

Me too, I would not use altcoins just for saving on fees. That's ridiculous.

I also remember that. It was fine to put just 0.0001 btc as fees and it will confirm within the day. I guess the number of people using bitcoins has significantly increased and the network is not keeping up.

[Shenzou]

If U cant afford the fees, use altcoins... simple trick

Monero = 10 cente fees
Litecoin = 25 cents

Two are best for fast and low cost effective solution

It's not trick and it is not solution.
I don't want to use alcoins. I want to use bitcoin, as the matter of fact i started with whole bitcoin thing because of bitcoin, not altcoin.
I remember a year and a half ago it was normal to send transaction and pay 10-15K satoshi fee.
What the hell went wrong?

Me too, I would not use altcoins just for saving on fees. That's ridiculous.

I also remember that. It was fine to put just 0.0001 btc as fees and it will confirm within the day. I guess the number of people using bitcoins has significantly increased and the network is not keeping up.

That is the problem there many poeple coming to the bitcoin, and they are putting a lot of presure on the network so miners need to prioritaize the transactions that have more fees, and i think that the more time goes by more people will come, so this needs to be solved in order to limite the fees that go out.

[NikS13]

Bittrex fee is like 6 dollars, thats just too much man..

[Superzpay]

Lol this kind of fees are still low compared to some complainers out there and me  too i am experiencing bigger fees than what you experience,i got about 5$ fees when i sent off $2000 worth of bitcoins to blockchain from my local country wallet

You paid a higher fees because you transact a high amount of bitcoins. If you will send that amount of money through any other payment method then you will have to pay a more high fees so for you that is not a high fees but that is a lower fees.

[VitorPl4y]

Although I do agree that people should not spend a bunch of money just so they could send a small transaction and have it confirm in less than 24 hours, the people that spend a large amount of money on a transaction like that should know that they don't have to spend over $0.30 on a transaction.

[spatifilium]

price BTC has grown and fees are in Satoshi remained the same, but it only results that people are beginning to increasingly use altcoin as a means for the transactions, faster and cheaper

[erpbridge]

Too bad that Coinbase increased the minimum set fees on their platform to 0.0011 BTC which is around 3$ in transaction fees. Now it simply doesn't make sense to use bitcoin for anything less than 100$ , because i would be paying the same fees as using an option of paypal.