BTC fees exploding and BTC will crash down

[cengsuwuei]

bitcoin sending fee down
i think not big effect about bitcoin price, but if bitcoin problem about sending not sending fee, bitcoin price can crash and down price

[Ultegra134]

It's ridiculous, I just checked how much I would have to pay to deposit to Kraken via BitGo Wallet, amount to be sent 0.0172 minus the fees..which are 0.0066 BTC! That's almost $30! What kind of joke is this.

[Mike Mayor]

The fees are not so bad. Have you ever used a bank ? Their fee's are insane. Yes I understand when sending small amounta it can get pretty costly it's why I like to bulk send. I don't think it's anything to worry about but I do think other altcoins abould be used for smaller payments and that solves the problem.

It's ridiculous, I just checked how much I would have to pay to deposit to Kraken via BitGo Wallet, amount to be sent 0.0172 minus the fees..which are 0.0066 BTC! That's almost $30! What kind of joke is this.

That's doesn't sound right that can't be.

[pixie85]

The fees are not so bad. Have you ever used a bank ? Their fee's are insane. Yes I understand when sending small amounta it can get pretty costly it's why I like to bulk send. I don't think it's anything to worry about but I do think other altcoins abould be used for smaller payments and that solves the problem.

It's ridiculous, I just checked how much I would have to pay to deposit to Kraken via BitGo Wallet, amount to be sent 0.0172 minus the fees..which are 0.0066 BTC! That's almost $30! What kind of joke is this.

That's doesn't sound right that can't be.

And it isn't. I don't know where he's taking these numbers from but at the moment a fee of  0.001 BTC per transaction will get it confirmed in the first block.
This is $4 at current prices not $30, please do the math before you start with this FUD again.

[Ultegra134]

The fees are not so bad. Have you ever used a bank ? Their fee's are insane. Yes I understand when sending small amounta it can get pretty costly it's why I like to bulk send. I don't think it's anything to worry about but I do think other altcoins abould be used for smaller payments and that solves the problem.

It's ridiculous, I just checked how much I would have to pay to deposit to Kraken via BitGo Wallet, amount to be sent 0.0172 minus the fees..which are 0.0066 BTC! That's almost $30! What kind of joke is this.

That's doesn't sound right that can't be.

And it isn't. I don't know where he's taking these numbers from but at the moment a fee of  0.001 BTC per transaction will get it confirmed in the first block.
This is $4 at current prices not $30, please do the math before you start with this FUD again.

FUD?What are you even talking about. Most people here seem like trolls.
See for yourself then, even in average priority, 12 Blocks, it's 0.0058

[manchester93]

The fees are not so bad. Have you ever used a bank ? Their fee's are insane. Yes I understand when sending small amounta it can get pretty costly it's why I like to bulk send. I don't think it's anything to worry about but I do think other altcoins abould be used for smaller payments and that solves the problem.

It's not good to compare to bank fees, at least in the long term. Over time, BTC fees will be much higher than any banking fees, if it reaches the values people expect (six or seven figures USD). Fees have no relation to fiat money; they are built into the protocol with its native currency (BTC). Micropayments will hopefully be possible on the Lightning Network or sidechains, but they will always be expensive on-chain.

[Warry]

The fees are not so bad. Have you ever used a bank ? Their fee's are insane. Yes I understand when sending small amounta it can get pretty costly it's why I like to bulk send. I don't think it's anything to worry about but I do think other altcoins abould be used for smaller payments and that solves the problem.

It's not good to compare to bank fees, at least in the long term. Over time, BTC fees will be much higher than any banking fees, if it reaches the values people expect (six or seven figures USD). Fees have no relation to fiat money; they are built into the protocol with its native currency (BTC). Micropayments will hopefully be possible on the Lightning Network or sidechains, but they will always be expensive on-chain.

And in someday while the fees when use Bitcoin very high, the user of Bitcoin will transfer to other altcoin cheap price soon. This is reason don't have cryptocurrency can stand still #1 forever .

[DoublerHunter]

The fee of bitcoin is not exploding but only the fiat value of it in USD because of the price spike of exchange rate of bitcoin, the price of the fees are up too so if you really observe the fees then you can say that it is a normal phenomenon in bitcoin because of the growth of its community so the network got loaded up too so it needs more fees for the miners to work more.

[phr0stbyt3]

Fees doesn't matter you are holding a online currency or asset who's price is almost 4300$ and you are sad because the fees is what 5$. I'm not aware of how many bitcoins you are holding but the way you are exaggerating it seems you have some 0.01 or even low. If you want you can sell just for fees but in long run fees will be nothing

[Seansky]

Fees doesn't matter you are holding a online currency or asset who's price is almost 4300$ and you are sad because the fees is what 5$. I'm not aware of how many bitcoins you are holding but the way you are exaggerating it seems you have some 0.01 or even low. If you want you can sell just for fees but in long run fees will be nothing

Fees will matter in the long run because if this problem doesnt get solved soon, Bitcoin will lose many of it's users just because sending money through btc is too pricey and many use it to send money online with cheap fees and convenience, but I wouldnt call a 5$ fee a cheap one and convenient if I were going to send a small amount of money so this must be fixed soon I hope. Fees right now IMO is reasonable for large transactions but not for small ones.

[manchester93]

The fees are not so bad. Have you ever used a bank ? Their fee's are insane. Yes I understand when sending small amounta it can get pretty costly it's why I like to bulk send. I don't think it's anything to worry about but I do think other altcoins abould be used for smaller payments and that solves the problem.

It's not good to compare to bank fees, at least in the long term. Over time, BTC fees will be much higher than any banking fees, if it reaches the values people expect (six or seven figures USD). Fees have no relation to fiat money; they are built into the protocol with its native currency (BTC). Micropayments will hopefully be possible on the Lightning Network or sidechains, but they will always be expensive on-chain.

And in someday while the fees when use Bitcoin very high, the user of Bitcoin will transfer to other altcoin cheap price soon. This is reason don't have cryptocurrency can stand still #1 forever .

Well, maybe, but altcoins may not be necessary. Sidechains essentially are altcoins, but they can interact with the BTC mainchain. The Lightning Network may also make altcoins obsolete from "cheap fees" perspective. The thing is, no altcoin has solved that essential problem: how do you provide cheap fees at scale and retain decentralization?

[Carlsen]

The fees are not so bad. Have you ever used a bank ? Their fee's are insane. Yes I understand when sending small amounta it can get pretty costly it's why I like to bulk send. I don't think it's anything to worry about but I do think other altcoins abould be used for smaller payments and that solves the problem.

It's not good to compare to bank fees, at least in the long term. Over time, BTC fees will be much higher than any banking fees, if it reaches the values people expect (six or seven figures USD). Fees have no relation to fiat money; they are built into the protocol with its native currency (BTC). Micropayments will hopefully be possible on the Lightning Network or sidechains, but they will always be expensive on-chain.

And in someday while the fees when use Bitcoin very high, the user of Bitcoin will transfer to other altcoin cheap price soon. This is reason don't have cryptocurrency can stand still #1 forever .

Well, maybe, but altcoins may not be necessary. Sidechains essentially are altcoins, but they can interact with the BTC mainchain. The Lightning Network may also make altcoins obsolete from "cheap fees" perspective. The thing is, no altcoin has solved that essential problem: how do you provide cheap fees at scale and retain decentralization?

The fees are a problem to traders, and those who want to make payments with bitcoin.
When you are a long term investor, the fees will disturbe you not that much.
I suppose that much of the money that is in bitcoin right now is brought by long term investors.
So I do not see a crash or anything like that coming due to the fees in the near future.
But a solution must be found, because the situation right now (and the discussion that comes along with it) brings a lot of uncertainty.
And uncertainty is something long term investors do not like.

[maeusi]

I sent 0.029 and paid 0.0041 BTC. If that is a small amount, then bitcoin is not ready to be integrated to shops or as official currency. Then it is only for investors.

[ekoice]

Fees is going higher and it is deliberately done by the miners.Transactions are remaining unconfirmed for more time either because the miners need more fee or many miners have started mining BCC.We could hope that these issues get solved once segwit 2x is activated in november.Bitcoin is now suffering in a critical situation ,first BU,then now BCC.Its not good for the reputation of bitcoin.Regarding high transaction fee,long term investors would not consider it as an issue.

[Sithara007]

I sent 0.029 and paid 0.0041 BTC. If that is a small amount, then bitcoin is not ready to be integrated to shops or as official currency. Then it is only for investors.

This is insane. You paid almost $18 as the fee. But I have a suggestion. If you are ready to wait for 5-6 hours, then use Blockchain.info and calculate the transaction fee using the "low priority" option. Instead of BTC0.0041, you may need to pay around BTC0.001 (which is still quite high).

[jzone23]

Btc High transaction fees really sucks but I dont think we can control this and I think it would be hard for ypu to convince people to sell btc and hold other altcoins instead to make transaction fees low since people are holding btc due to rapid increase.

[qwerth]

year back it was in cents, now fees has gone to dollars range. 18 dollars is insane

[Juggy777]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

No very bad idea, fees are high no doubt but that doesn't mean that you sell btc when low fees come and hope to get back in, you never may get back that chance ever thought of that. I would say you choose electrum wallet set your own fees, transactions will happen slow but at least you will save on your fees. High fees or not, never giving up on bitcoins, it's the best and it's only a matter of time before fees come down.

[Sithara007]

Btc High transaction fees really sucks but I dont think we can control this and I think it would be hard for ypu to convince people to sell btc and hold other altcoins instead to make transaction fees low since people are holding btc due to rapid increase.

No guarantee that Bitcoin will remain at the top if the transaction fee climbs even further. Will you be happy to pay a transaction fee of $30? Altcoins such as Bitcoin Cash can make use of this situation.

[crazyivan]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

Another shill.

Sure, I m gonna sell my BTC now cause you d want me to do so. Bravo, bravo!