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Author Topic: Why the transaction price of bitcoin so high?  (Read 1831 times)
malourdesesmores07
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November 16, 2017, 03:22:49 AM
 #61

The reason that the transaction price of bitcoin is high because the value of bitcoin has increased and there are many new investors who is investing in bitcoin.
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Whoever mines the block which ends up containing your transaction will get its fee.
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November 16, 2017, 03:25:44 AM
 #62

I think the transaction fee is it depende to how many unconfirmed transcation to the blockchain thats why sometimes it cheap but when bitcoin having fork it become so high

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November 16, 2017, 03:30:27 AM
 #63

The reason that the transaction price of bitcoin is high because the value of bitcoin has increased and there are many new investors who is investing in bitcoin.

Too many assholes day-trading BITCOIN

The way it works is that if you want a transaction u can attached a 'fee' pay a special price and it puts you ahead in the queue

The exchanges (CASINOS) must process their transaction quick so that BIG big numbers on the fee's

Many exchange all competing to be first, so the fee's rise

***

People who just use BITCOIN like a bank, can pay zero fee and wait a few hours.

Thus its ONLY the assholes that are paying fee's.

The funny thing is FEES go to the GUY who found the blocks, so all this money spent by assholes is going to miners. Smiley
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November 16, 2017, 03:32:49 AM
 #64

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

You wanted to know that why transaction price of bitcoin so high i think it depends bitcoin price. Bitcoin prices were a few days very high but now a time bitcoin price is down so i think transaction price is high.
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November 16, 2017, 04:13:59 AM
 #65

The price of bitcoin is so high because it has a big value and it's getting higher every day. Bitcoin has a big demand in our universe. You can easily transfer your money here without paying taxes so you can't feel a hassle here.
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November 16, 2017, 07:02:30 AM
 #66

Because more and more people are willing to buy and hold bitcoin for a long time, we all choose to buy it for the time being without selling, so the price of bitcoin is getting higher and higher.
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November 16, 2017, 07:54:36 AM
 #67

Because bitcoin prices are always high every day and the demand for bitcoin is increasing every year. The bitcoin process is not like national money because every bitcoin transfer does not need to pay taxes on transfers and many other advantages
We only need to buy bitcoin when the trade price goes down and keep bitcoin in the wallet or invest it to a company that you believe the company project is successfully
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November 16, 2017, 08:01:26 AM
 #68

Because more and more people are willing to buy and hold bitcoin for a long time, we all choose to buy it for the time being without selling, so the price of bitcoin is getting higher and higher.

Hmm.. some of the investors are looking for long-term and they are holding their coins in cold storage. But there are others who are doing either full or partial profit booking right now. Look at the order books in various exchanges right now. There is no shortage of sell orders for Bitcoin.

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November 23, 2017, 02:53:47 PM
 #69

The reason that the transaction price of bitcoin is high because the value of bitcoin has increased and there are many new investors who is investing in bitcoin.
The bitcoin transaction price has become so high possibly because of the reason that after the decrease  in price back last few days, the number of transactions in Btc have become high as the process of buying and selling of coins has gained speed. Thus, the prices on international exchanges have got increased for the purpose of limiting the money transfers and moving the price chart again to a stable level.
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November 25, 2017, 01:03:07 PM
 #70

I think they seriously take advantage of bitcoin price because it is increasing they think that they can also increase the price of the transaction, that they know that anyone can't argue about the price of it.

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November 25, 2017, 01:05:25 PM
 #71

I think they seriously take advantage of bitcoin price because it is increasing they think that they can also increase the price of the transaction, that they know that anyone can't argue about the price of it.

Yeah, BTC transaction fee corresponds to BTC price. For criptocurrency exchanges mostly it is 0.001 BTC. For BTC wallets it could be different and depends on speed of transaction.

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November 25, 2017, 01:34:42 PM
 #72

The transaction of bitcoin is so high, it it's because of a big value that is getting higher everyday. You can easily transfer a money without any hassle just send it through online. We are happy of what's happening now. I hope that this forum will long last. Anyone can afford the price with your hard work attitude.
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November 25, 2017, 04:01:02 PM
 #73

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
The transaction  price of bitcoin is so high because I think that they are more focused to the transaction price because it has more investors.So handle carefully your account because many annonymus can steal it.Anyone can achieved the higher price just be hardwork on that.
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November 25, 2017, 04:08:16 PM
 #74

I think bitcoin trading prices are getting higher due to the increasing transaction volume. The transaction volume in Btc has become high as the buying and selling of coins has accelerated
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November 30, 2017, 12:06:24 PM
 #75

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
Well it was now really in demand maybe that was one of the reasons why its transactions price is high. The token is a store of value used to exchange for goods and services. Bitcoin is not regulated nor is it a legal tender but it is popular in some countries and in high demand which drives prices to rise but it was too much curious and concerned because it is hard to pinpoint and find where exactly the value of bitcoin lies.
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November 30, 2017, 03:52:22 PM
 #76

To understand the issue, it's key to look at how bitcoin transactions are processed. Transactions by users are gathered into "blocks" which is turned into a complex math solution. So-called miners, using high-powered computers work these solutions out to determine if the transaction is possible. Once other miners also check the puzzle is correct, the transactions are approved and the miners are rewarded in bitcoin.
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