Why HIGH Fees? Tax Crypto-Trading of BTC out of Existance - BTC is a BANK

[bitfools]

The only people who complain aobut fee's are day traders, Oh my god, they trade $100 of BTC and pay $5,

If they were a normal investor they would use a wallet and choose ZERO fee, so what if it took 12 hours,

But day traders want INSTANT confirmation, and that requires the HIGH fee's to be put on top of the queue

This is quite brilliant, because it taxes the trades out of existance in the meantime the investors, the people who use BITCOIN like a bank, they have no problem, withdrawl, or deposit, just be patient and you pay no fee.

ONLY THE Day Traders are BITCHING about FEE's

Thus perhaps there should be TWO BITCOIN chains one for the traders and another for people who want to SAVE their money.

The traders don't want to save, they want to SCAM, they want to get rich quick, the savers known the Tortoise the Hare story, they know the Tortoise wins and the Hare loses

The Tortoise pays no fee, the HARE pays fees and loses all his money to fees.

[bitfools]

TAX TRADERS to DEATH

Let Savers become RICH.

[bitfools]

Notice the total silence?

Investors can care less about the 'fee' issue cuz their is no issue

Only day-traders bitch about fee's, but traders bring NOTHING to BITCOIN, they are all zero-sum people,

Investors are WHY BITCOIN is at $7500,

Traders are like the tide, every 6 hours it sloshes in & out, but things all return to zero

Investors, slowly gain confidence in BITCOIN, and learn not to CHURN their money, and watch BITCOIN go to $100k USD

[Realist247]

Sorry to be the one to bust your ego by shattering your silence...but there is legitimate beef with respect to fees.

If someone goes to a fast food restaurant and tries to pay for a $5 meal (with BTC), they'll get hit with $2-3 fees on top of the $5.

So what's the excuse of everyone?  "Bitcoin is a store of wealth...it's not meant to be a day-to-day currency."     Duh ok.....


I realize where you think you stand on this issue but clearly you've missed some enormous fundamentals that prevent BTC from becoming universally accepted or usable by the general public.

[minersday]

Are you stupid? why do you need five dollars in order to do daily trading? You are just talking about trading of cryptos, go to polo or bittrex, you are going to be able to trade for 0.15% of your total trading amount, why are you talking about $5 per trade? it makes no sense.
And bitcoin has been created to be a new way to send money, you can not expect to charge 0.15$ worth of gas to your car and expect to pay with bitcoin paying $0.01 of fees because your transaction is low.

[bitfools]

When U see people complaining about fee's, why?

They tell us they're getting rich day-trading bitcoin??

So why they care if they lose $5??

U can see that most traders are penny-ante fools, they might have made $5 on a trade but they lose it on fee's, rather than blame trading for their loss, they blame BTC fee's

Day trading of BTC is an unnecessary transaction and because traders have a sense of urgency, they must PAY fee's to be in front of the Queue to get their order through

The folly is their own making, but they attempt to change the rules of BTC to make trading profitable

BTC is a bank, it was NOT designed to be a day trading platform for morons.


***


Saver's don't pay fee's, they're not in a hurry.

People in a hurry are always the dumbest people

Satoshi was a ZEN-BUDDHIST he was not in a hurry

BITCOIN is a buddhist platform, if you want to trade seek a platform designed for fools to trade

[Realist247]

Investors, slowly gain confidence in BITCOIN, and learn not to CHURN their money, and watch BITCOIN go to $100k USD

This will never happen unless 1) There is hyperinflation of the Dollar or 2) The majority of those that use BTC actually use it for day to day transactions.  People that believe that BTC will reach $100K without it being used by the masses in a widespread and daily manner should go bring Bernie Madoff a box of brownies and ask him about the weather in 2025.

[Realist247]

When U see people complaining about fee's, why?

They tell us they're getting rich day-trading bitcoin??

So why they care if they lose $5??

U can see that most traders are penny-ante fools, they might have made $5 on a trade but they lose it on fee's, rather than blame trading for their loss, they blame BTC fee's

Day trading of BTC is an unnecessary transaction and because traders have a sense of urgency, they must PAY fee's to be in front of the Queue to get their order through

The folly is their own making, but they attempt to change the rules of BTC to make trading profitable

BTC is a bank, it was NOT designed to be a day trading platform for morons.


***


Saver's don't pay fee's, they're not in a hurry.

People in a hurry are always the dumbest people

Satoshi was a ZEN-BUDDHIST he was not in a hurry

BITCOIN is a buddhist platform, if you want to trade seek a platform designed for fools to trade

Read what I wrote above.  Go to a fast food restaurant and buy a value meal with BTC, assuming they accept it.  Feel your jaw drop as you are assessed an additional 60% in BTC transaction fees for your fast food.  Tell us all again that the problem is "whiny day traders".

[SUDARMONO]

it is true that traders often issue bitcoins to pay for transactions and also sometimes lose bitcoin when the coins they buy go down in and can not wait to go up for sale, and for savers they leave bitcoins for long periods and they have a lot of patience to gain multiple benefits over the long term.

[bitfools]

Quote from: malourdesesmores07 on Today at 03:22:49 AM
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, playing $100 bets, bitching about paying $5

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

[Laland]

it is true that traders often issue bitcoins to pay for transactions and also sometimes lose bitcoin when the coins they buy go down in and can not wait to go up for sale, and for savers they leave bitcoins for long periods and they have a lot of patience to gain multiple benefits over the long term.

Get real and be a miner if you want some low fees. Because it is not alwasy that we have a good day and transaction. Also you have to be smart on where you store money. Because there are other sites that has low fees while some have really high fees.