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Author Topic: Why are bitcoin transaction prices so expensive?  (Read 223 times)
yudi31
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April 19, 2018, 02:33:23 AM
 #41

because bitcoin attracts many people as well as bitcoin has a very high exchange rate so reasonable when bitcoin transactions are expensive
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erickkyut
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April 19, 2018, 02:50:28 AM
 #42

The cost of Bitcoin transaction is directly proportional to the price of Bitcoin. If the price of Bitcoin is increasing, the value of the transaction cost also increases. It has pros on cons. The pros is that it is a good thing because if the price is increasing, it only means that the demand of Bitcoin also increases. Therefore, we can conclude that it is becoming more and more popular over the world. The cons is that of course, the transaction price becomes expensive.


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libert19
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April 19, 2018, 02:59:50 AM
 #43

You must be kidding. After segwit transaction fees are in cents. Just few days ago I did a transaction, fee was 26 cents only Roll Eyes

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April 19, 2018, 03:26:31 AM
 #44

It's gotten rotten. The fee is based on the price of Bitcoin, not the amount you send. That's fine for large amounts. But it means nobody's going to buy a cup of coffee with Bitcoin.  It's like a flat amount income tax. Everybody pays the same amount. Not going to work for the little guy.
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