♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨

[hv_]

90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

Litecoin, can send thousands of dollars for less than a penny....

Bitcoin Cash is cheaper by far and will get 32MB blocks soon. Asics are more secure so why LTC?

[oviudiu]

I noticed the fees got a little better right now. I pay 0.30$ for a transaction that's 30 min -1 hour long and 3$ for a rapid transaction.

[vladimirnesgibaev1]

Bitcoin is now growing and it's possible to make good money on it, so invest in it until it falls down

[Dudeperfect]

We need to find a solution to make it cost friendly at least for the offline market transaction because there are some things of daily needs are available at the cost of Bitcoin transaction fee so why would anyone use Bitcoin if technically he is getting something for free? Using Bitcoin for the overseas transaction is still my favorite option.

[xhoondilan]

Then maybe you should save more bitcoin and not always transfer it always so that you can save more and earn more rather than always transferring bitcoin. Because of bitcoin popularity thats why they make transfer rate higher.

[Similificator]

We need to find a solution to make it cost friendly at least for the offline market transaction because there are some things of daily needs are available at the cost of Bitcoin transaction fee so why would anyone use Bitcoin if technically he is getting something for free? Using Bitcoin for the overseas transaction is still my favorite option.

Well, I guess you're right. Buying single candy by bitcoins having a fee that can buy you a whole pack of the same candy really wouldn't make sense. Which is why using it for overseas transactions or for big amounts is the most preferable choice for me also. But as lightning networks improve more and more each day, I think this issue will completely turn around sooner or later. I just hope that it wouldn't have to take so much time before effects are experienced because the fees still hurt even when they have decreased already.

[ohlawdy]

True the fees are making bitcoin very hard to use , if i want to move my money quick i prefer most other alts over bitcoin at the moment.
I just hope they get their shit together soon and come to a agreement which will help bitcoin back in the right direction.
Because at this pace bitcoin is on its way to become obsolete soon.

[btc.xbt.btc]

It is definitely ridiculous. I really hope that due to it's slowness and high fess bitcoin will become the second choice in exchange currency, giving way to lite coin which is a lot cheaper and a lot faster.

[palermofc]

Yes, the transaction fees are very high although transfers take too long. That's why I think if this problem is not solved, people will use other coins such as Ripple for sending money.