Bitcoin expensive to use

[Pantoflascrypt017]

The fee is not fixed it depends on how much you are transacting with.. but yes in comparison to others aka bch it is higher.

[Aura]

The increasing value of Bitcoin doesn't make products more expensive, on the contrary, it could make products cheaper at shops don't use a fiat to BTC conversion rate. But you're right about the high transaction fees, this is a temporary problem Bitcoin has. Solutions like Segwit are already available but they need to be used by more people to speed up the network.

[[YAZ]]

Weird I'm on one exchange saw a Commission of 0.001 was written there is a Commission system. See I don't understand.

The exchanger take a higher fee to make sure your transactions on a top priority in a bitcoin network transactions, besides they will cut-off your transactions fee as their profit.

[Hamstead]

Weird I'm on one exchange saw a Commission of 0.001 was written there is a Commission system. See I don't understand.

The exchanger take a higher fee to make sure your transactions on a top priority in a bitcoin network transactions, besides they will cut-off your transactions fee as their profit.

It is usually to happen to any exchanger as they saw that the market is high then, they probably increase the cost of transaction. We can't blame them because that is their strategies to generate more income. And still we don't have any choice, even though their fees is high but we still need their service for us to continue our transaction process. Only we can do is to try convincing them to lower the cost/fees  to have fairly transaction expenses.

[Aleister Crowley]

Explain to the newbie because with the increase in the value of bitcoin grows and Commission of the network 0.001 (if I'm not mistaken) it is very expensive. Bitcoin to become like the big ingot of gold, which is a pleasure to own but it is inconvenient to use in everyday life. The community decides for ease of use, or we will move on to altcoins?

it is possible that the newbie fee 0.001 is very expensive because the newbie does not have the experience and the bitcoin income as its predecessors, but actually it is worth the income that can be earned now .. with great revenue ,, it is very worthy for the income of bitcoin users ,, which have already used bitcoin

[UCHCHILD]

Yes, I found it too that it is so expensive because I just need to send 3 dollars but the fee is very huge than the money I need to send on, this is due to the expensive value per bitcoin, and I guess this is t prevent to make people withdraw thie money due to high price and get their profit.. 

[KipKoolCrypto]

yes its expensiuve they to reduce the ammount of feess in my opnion before they get proper adoption. I dont like this fact

[Hobo66]

I would say yes, bitcoin is a bit expensive to use I wish the online wallet banks
could lower their fees, that would make my day. The bitcoin price is going up day by day
so more fees adding up.

[Paecga129]

Bitcoin was always very, very cheap and fast to use and confirm. It never used to be this way. It used to only take a few seconds to see your transaction appear on the blockchain and have it confirmed. And there was no need to send a fee even - you could send a transaction with 0 fees and it would get approved quickly. However, unfortunately this is changing. Every day that goes by the network is more and more congested and fees are going up. It sucks. :-? Oh well! Hope this is a solution soon.

[tiger2monkey]

Yes, it is very expensive to send small transaction via bitcoin as it reaches its max transaction throughput. It is a hot topic on how to scale bitcoin. So bitcoin is more like a digital gold for storing value and less like a cryptocurrency for daily transactions.

[Gaaara]

Yes, it is very expensive to send small transaction via bitcoin as it reaches its max transaction throughput. It is a hot topic on how to scale bitcoin. So bitcoin is more like a digital gold for storing value and less like a cryptocurrency for daily transactions.

Bitcoin became more of a asset or investment than being a currency. I don't know if its a good thing or a bad thing for bitcoin to go over the price right now because there is a positive effect whether it goes down or up, if bitcoin price goes up investment rises and if the price goes down less transaction value.

If the question is bitcoin expensive to use then yes it is, but it depends on your reason of using, if you are only use bitcoin for gambling, buying things etc. then it is expensive but if you're about to use it for quick sending then it is not expensive at all. The purpose of why you use will tell you if its expensive.

[Markzuckertion]

Explain to the newbie because with the increase in the value of bitcoin grows and Commission of the network 0.001 (if I'm not mistaken) it is very expensive. Bitcoin to become like the big ingot of gold, which is a pleasure to own but it is inconvenient to use in everyday life. The community decides for ease of use, or we will move on to altcoins?

Yes the trasaction will become slower when most of people are use it. So I think it will be good if bitcoin is only used for rich people that will be bitcoin investors and certain countries, I don't think that bitcoin need to be used by all people in the world.

[dongosquad]

Yes, it is very expensive to send small transaction via bitcoin as it reaches its max transaction throughput. It is a hot topic on how to scale bitcoin. So bitcoin is more like a digital gold for storing value and less like a cryptocurrency for daily transactions.

Bitcoin became more of a asset or investment than being a currency. I don't know if its a good thing or a bad thing for bitcoin to go over the price right now because there is a positive effect whether it goes down or up, if bitcoin price goes up investment rises and if the price goes down less transaction value.

If the question is bitcoin expensive to use then yes it is, but it depends on your reason of using, if you are only use bitcoin for gambling, buying things etc. then it is expensive but if you're about to use it for quick sending then it is not expensive at all. The purpose of why you use will tell you if its expensive.

for now the function of bitcoin as currency is still not maximal. most people still use it as a commodity with a very high sale value. well, because bitcoin has not been recognized globally, so the use of bitcoin is still limited to other users.

[ladydark]

Explain to the newbie because with the increase in the value of bitcoin grows and Commission of the network 0.001 (if I'm not mistaken) it is very expensive. Bitcoin to become like the big ingot of gold, which is a pleasure to own but it is inconvenient to use in everyday life. The community decides for ease of use, or we will move on to altcoins?

Bitcoin is nowadays used more as a store value and so,it would not be an issue.If it has been thought like that,then already many would have switched to altcoins.But it has not occurred.Segwit was activated to solve this issue and it was also solved to some extent,but some miners just mine empty blocks to make transactions get stuck and so,transaction fee has increased.

[Hydrogen]

I would like to make a case for bitcoin not being expensive to use.  

There's a 9% to 14% sales tax in some US states. This implies that if a person makes a $100 purchase, their sales tax could be $9 to $14. Purchasing something that costs $100 in bitcoin and paying xfer fees is much cheaper than a $9 to $14 sales tax in fiat.

In europe, there is something called a VAT (value added tax) which is like their equivalent of the sales tax the USA has. The VAT can go as high as 20% on goods and services which qualify. 20% is a far more massive value than the cost of bitcoin transfer fees.

One might make a case of the euro and dollar charging far more in sales tax and VAT (which are almost like fiat transfer fees) than the cost of using bitcoin.

[bettercrypto]

I think Bitcoin when you buy it in whole is expensive but if you buy it in part, it is not.  That is the good thing in Bitcoin, we can buy it by parts.  With regards to the transaction fee, I do not think that it is expensive, and it varies depend on the number of people demanding the confirmation.  Aside from that if you buy Bitcoin, you also have the value of that money in Bitcoin, so I think you do not lose or put anything to waste here.

[lady Royal]

Honestly its not that expensive at any price. Few months ago when bitcoin was at 2700$ I thought absolutely same thing, and after few weeks I purchased bitcoins at 5200$, Now I am almost doubling the profit. I am sure if you buy it today at 9400$, after a year or two you will have 100% profit.

Wow you are really lucky and you have made the right decision in right time.

Well bitcoin is not expensive but the fe of the transactions has to be adjusted otherwise miners will get all the money.

[leopard2]

That is what LTC is for 

[dotts]

Bitcoin is expensive to use because the cryptocurrency adoption is up. Bitcoin is at all-time highs right now. As bitcoin grow in popularity, so did all cryptocurrencies which are cheaper than 1 BTC.

[Aleksabit11]

It is really too expensive for small transactions, it is like paying double.