jayveerastrullo
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August 11, 2018, 01:25:38 PM |
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Good news, bitcoin transaction cost now is lower than we expected. This good news comes with a bad news. Dropping of transaction cost is caused by bitcoin itself, its value now is 6k so it means lower transaction cost now. Not like last december its price is so high.
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ClackKendi
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August 11, 2018, 01:30:19 PM |
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The cost of bitcoin versus currency is very bitcoin because bitcoin trading is not mediated as well as bitcoin trading attracts investors because of the cost of the turn that makes bitcoin the target for currency trading of the world
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Malam90
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August 11, 2018, 01:31:37 PM |
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Last few days i have made few transaction of Bitcoin, I have seen transaction fees are very low compared to the past few months. I think now it is fine.
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Kwansimaa
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August 11, 2018, 04:30:48 PM |
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When i heard the rumours about the cost of transaction of bitcoin being too high i never believed it because i thought it was just some FUD being spread around but i guess it is really true. I hope it gets better with time.
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Namara
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August 11, 2018, 07:35:31 PM |
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I agree with you that it is too high for real time. Maybe in the future it will smaler but I don't think it can be near zero. Free cheese can be only in mousetrap, the same is with a price of transaction for Bitcoin.
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bidadari22_
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August 11, 2018, 09:04:47 PM |
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In my opinion,it is only natural that the transaction will also be raised also making price transactions too expensive for just one transaction that must be done.This is something that might support the utility of bitcoin and appropriation to a far more important level and perhaps take care of scale problems that will last a long time.
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Rozita
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August 11, 2018, 09:10:00 PM |
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Good news, bitcoin transaction cost now is lower than we expected. This good news comes with a bad news. Dropping of transaction cost is caused by bitcoin itself, its value now is 6k so it means lower transaction cost now. Not like last december its price is so high.
The reason is not just bitcoin price fall. In December the trade volume was much higher than today and the network was so busy. |
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$9million
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August 13, 2018, 09:37:03 AM |
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Yes. I agree with you. Bitcoin transaction for the real time being has been very high probably as a result of its popularity and people investing in bitcoin. I hope perhaps in the near future, bitcoin transaction cost will be down for investors to participate more in it.
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milandres0207
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August 13, 2018, 09:59:28 AM |
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Well, i think they have a reason why the bitcoin transaction become increase because of its value and popularity that it has in many country are increase rapidly. Investors now choose bitcoin i think because of the news stated that the value of bitcoin in a coming years will increase in real.
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people123
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August 13, 2018, 10:09:00 AM |
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As of late I read in news that helping system is being tried and an exchange was effectively made upon it. On the off chance that helping system turned out to be effective, at that point yes, there would be a gigantic fall in expenses on the exchanges which will be executed on helping system. This is something which can possibly help bitcoin utility and selection to substantially more noteworthy degree and might take care of the long going scaling issue. At this moment, these moderate exchanges and high charges are restrictions o bitcoin advancement. Things are being done to understand it. Have tolerance!
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Shadowblack
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August 13, 2018, 10:16:43 AM |
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According to Bitcoin Core developer LukeDashjr, a block size increase probably still won't be necessary for a decade or two.
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Finalfantasy2
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August 13, 2018, 10:18:25 AM |
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Don't worry. Price will go back down, that'll make fees "cheap" again.
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EvaButler512
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August 13, 2018, 10:25:09 AM |
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I find the value of Bitcoin pretty high even though Bitcoin is down. Is that contradictory?
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MelissaPhillips733
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August 13, 2018, 10:28:04 AM |
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I think that the transaction costs is a great problem of Bitcoin expansion, especially over the mainstream. Now it is the most popular crypto but it will not be able to resolve its problem with speed of transaction and fee, it is probably that other currency will take his place.
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prikitiw
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August 13, 2018, 10:33:53 AM |
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These days there are many new people starting with bitcoin so there is a slightly higher transaction volume than usual. I agree that transaction costs are really high now, but I don't like how long it takes to complete the transaction. I hope this will be solved by the new network of enlightenment they have tested in the last days.
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Ezenwanyi
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August 13, 2018, 10:43:01 AM |
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Not only that the transaction cost is too high, the transaction confirmation speed is also too low and so insufficient to meet the global e-commerce demand.
This is due to the latency between nodes and its limiting the widespread adoption of blockchain.
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hessanseen
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August 13, 2018, 11:16:53 AM |
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Rising transaction costs are likely to be an important factor hindering the development of Bitcoin, which is no longer suitable for small transactions after the rapid rise in the price of Bitcoin in the last two years. This will cause many new investors to worry about the transaction.
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strideynet
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August 15, 2018, 07:27:37 AM |
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at such moments, you can use another coin for quick transactions, such as litecoin
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setialovers
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August 15, 2018, 09:05:39 AM |
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What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
This issue always appears when bitcoin price rising. Its true this is one minor bitcoin problem, we using bitcoin because we want cheaper transaction cost and faster transaction. But from i heard, lightning network will help this issue, hopely |
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pinoyden
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August 15, 2018, 09:13:16 AM |
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What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
This issue always appears when bitcoin price rising. Its true this is one minor bitcoin problem, we using bitcoin because we want cheaper transaction cost and faster transaction. But from i heard, lightning network will help this issue, hopely i think lightning network is already implemented on bitcoin because i do already notice the speed that ive been looking for as when compared to the last years of using a bitcoin . using bitcoin as a currency is already a good option because it is now faster and the fees have also reduced to a more affordable rates . though , using an altcoin is more better because they can do offer a good service when compared to bitcoin . overall , both cryptos are still the best and we should balanced using them , so that we can get the best possible results . |
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