Doctor.Strange (OP)
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December 10, 2017, 03:36:31 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
Oh this one again, bitcoin is doomed ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I agree that the fee's are getting ridiculous though. the fee is so high yes that was right but we have to take the risk of it even though , for some new or you are take a lot of experience here when you see the fee that cost too much will say that it is to much and it may be doomed. I'm not a newbie in crypto btw, I'm talking about the future of bitcoin, if higher fee and pending transactions doesn't matter at all then why bch was forked and why they was going for b2x that was cancelled later.
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susila_bai
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December 10, 2017, 03:41:25 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
Oh this one again, bitcoin is doomed ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I agree that the fee's are getting ridiculous though. the fee is so high yes that was right but we have to take the risk of it even though , for some new or you are take a lot of experience here when you see the fee that cost too much will say that it is to much and it may be doomed. I'm not a newbie in crypto btw, I'm talking about the future of bitcoin, if higher fee and pending transactions doesn't matter at all then why bch was forked and why they was going for b2x that was cancelled later. I think that you have not checked the preference option where you can manually change the transaction fees and then you can pay according to it. because what transaction fees you are getting can be wrong.
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Doctor.Strange (OP)
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December 10, 2017, 03:41:54 PM |
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Indeed the transaction fees in bitcoin network are high nowadays before i can pay a single cent for a high priority fee but now, you will pay 10 dollars or more for a high priority although devs are now testing lightning network to bitcoin main network i hope this could be the solution on high transaction fees we are currently facing. But if this fails bitcoin will be doomed and another cryptocurrency will emerge and take the spot for the bext bitcoin.
That's what I'm talking about, how about if someone want to do a small transaction less than $10 and he have to pay $13+ fee and it will be even higher in the future. A lot of new crypto currencies are emerging, let's see which one gonna take down bitcoin.
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illusioNiZt
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December 10, 2017, 03:42:40 PM |
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This only happens when the price is fluctuating every now and then you can try later when the price seems to be more stable or just use custom fees and ask someone to accelerate the transaction for you some users do it for free on here or use some paid accelerator service.
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Doctor.Strange (OP)
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December 10, 2017, 03:42:50 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
Oh this one again, bitcoin is doomed ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I agree that the fee's are getting ridiculous though. the fee is so high yes that was right but we have to take the risk of it even though , for some new or you are take a lot of experience here when you see the fee that cost too much will say that it is to much and it may be doomed. I'm not a newbie in crypto btw, I'm talking about the future of bitcoin, if higher fee and pending transactions doesn't matter at all then why bch was forked and why they was going for b2x that was cancelled later. I think that you have not checked the preference option where you can manually change the transaction fees and then you can pay according to it. because what transaction fees you are getting can be wrong. With lower fee, transactions stucks and takes weeks to confirm, don't you know that.
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Jaya912
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December 10, 2017, 03:54:38 PM |
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bitcoin network become so busy recently. send small transaction will worth smaller because of the fee.
normally i choose some other altcoin to send somewhere like etherium to make smaller fee.
i hope bitcoin will not take any big fee in future to make people more interesting. and make quicker transaction as its name as currency.
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cryptogeek101
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December 10, 2017, 04:21:58 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
I don't believe your cock and bull story about that friend of yours. No Blockchain can ever do that. If you are a fan of BCH tell us and leave Bitcoin alone.
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masphie
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December 10, 2017, 04:30:05 PM |
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yes of course, fee to high a few days ago, i am transfered amount of btc satoshi from market to vipbitcoin and i get a big fee for that, around $15 - $40 .... But i have to do it .....
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-= OI =-
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boranes
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December 10, 2017, 04:46:18 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
If your friend is using blockchain.info(if this is what you mean when you say blockchain) he can manual put fees and send it with very low fees. If he want to wait of course, and transaction will be confirmed sooner or later. 0.006 is very high fee, i am not sure why it is so high, maybe your friend have lots inputs? That would explained it, but since you said he bought bitcoins, there should be only one input, right?
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Catmony
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December 10, 2017, 04:49:47 PM |
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If your friend has received those bitcoin in many small amount from faucets before than yes he might have to pay very high fee when sending it out. It is normal for bitcoin but your friend can also choose to use very small fee on that transaction and wait for confirmation which might take more than a week.
Ask him to use confirmtx and viabtc tx accelerator services for free to accelerate transactions and get faster confirmation.
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Doctor.Strange (OP)
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December 10, 2017, 04:56:22 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
I don't believe your cock and bull story about that friend of yours. No Blockchain can ever do that. If you are a fan of BCH tell us and leave Bitcoin alone. Then don't, no body has a gun to your head
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Fazlurkhan.kz
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December 10, 2017, 05:01:56 PM |
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Well. Your friend can just wait for the bitcoins price to drop for a little while and then maybe conplete the transactions. Due to the drastic fast rise in the value of bitcoin their investors surely have made a lot of profit but there are some problems arised too due to this. The fee for transactions is no doubt disheartening but we really just can't expect that only good happens without any problem. That's not possible. So all we can do is wait! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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renes
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December 10, 2017, 05:23:52 PM |
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Bitcoin is doomed to collapse either way. Those who are buying it now should be willing to wait for years to sell it for profit. It will crash very soon.
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Mpamaegbu
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December 10, 2017, 05:24:17 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
No disrespect meant. Since your friend is a noob, he might have mistaken $9.8 for $98, don't you think so? Four days ago, I sent $150 via blockchain and was charged a mere $2+ fee and the transaction was confirmed within 15mins to my surprise. Anyway, that is not taking away the fact that Bitcoin transaction fees are insane this day and that could be responsible for the numerous unconfirmed transaction in the blockchain
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KingScorpio
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December 10, 2017, 05:28:55 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
i once opned a thread about this issue i had 60 USD transaction costs,
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pooque
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December 10, 2017, 05:32:18 PM |
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BTC and Ethereum has a busy network few days ago,because thousands of transactions are pending thats why the fee is too high.
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Bastime
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December 10, 2017, 05:34:27 PM |
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Everything in this world is not actually made to last and therefore Bitcoin and Blockchain technology has no exemption. Bitcoin is overrated this year and the price is very high and so as the transaction fees because as an owner we cannot deny whatever the fee in order to transfer Bitcoin from wallet to wallet and this issue also is addressed into other cryptocurrencies.
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bill gator
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December 10, 2017, 05:36:16 PM |
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With such higher fee, I think bitcoin will be doomed
A friend of mine (a newbie in crypto) bought $110 btc, yesterday he tried to sell for profit but blockchain was asking $98 fee out of $110. That is insane, lmao
Any new coin should need to rise up and vanquish bitcoin, like Litecoin and Dash, Bch is also good.
I saw a Legendary member, that I don't remember the name of explain this pretty well; he was talking about how each "input" (coin received, which makes up your transaction) of your transaction, increases the transaction size by X-bytes (180 or so?)) So basically it was something along the lines of "If you want to send .01, the fee is determined by the size of the transaction and how congested the network is for confirming transaction; if you received that as increments of .001 or one lump of .01 determines how much gets eaten by fees." Not all .01's are created equal. At a certain point, the amount of coin your receiving could be essentially "not worth it" if it is small enough to be competently eaten by the fee it brings because of it's Byte-size.
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TheAlchemist
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December 10, 2017, 06:03:26 PM |
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I do not have many bitcoins. Yesterday, waves of falling, growth of bitcoin began. I wanted to sell, but since the amount was not big my profit was the price of the transaction. I was shocked. Put the minimum price. Day passed. The transaction is frozen.
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Igor17Krik
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December 10, 2017, 06:08:40 PM |
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This is all temporary problems in bitcoin. I also have bitcoin and they are normally passed on. Coin invincible!
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