cramcram21
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December 20, 2017, 10:59:20 AM |
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Yeah the fee for a transaction in bitcoin is too high I think the small payments or transaction is not very advisable in bitcoin, Back then all of us could use bitcoin but nowadays because of the fee only the rich or those who have a huge amount of money could use it.
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HappyLocust41
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December 20, 2017, 11:00:44 AM |
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You are right. Although Bitcoin price has risen up so much, it hasn't really improved as a mode of payment.
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dimastegar
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December 20, 2017, 11:08:39 AM |
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Yes, although many people talk Bitcoin Cash is a failure, but not with me. Because I think Bitcoin Cash is a child of Bitcoin which certainly needs to be glimpsed as an investment target. And can be seen now the price of Bitcoin Cash more than 3000 dollars. Which definitely makes people who say Bitcoin Cash is a "failure" will regret. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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farhan28
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December 20, 2017, 11:15:06 AM |
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yeah it is true because bitcoin price is much high...because of that the transaction fees are much high...so if you want to send small amount,you need to give similar amount transaction fees as the payment..Bitcoin cash is now growing so everyone thinks that it will be the future bitcoin
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Get-Paid.com (OP)
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December 20, 2017, 12:08:24 PM |
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So every time when there is problem with BTC transaction you open such thread and declare BTC dead in some way,and also promote BCH as some new miraculous cryptocurrency.The team that stands behind BCH with their leader Roger Ver is partly responsible for this situation in a way that try to stop full application of SegWit which is activated almost 4 months ago.
You can also offer your users to be pay in LTC,DASH or maybe DOGE-situation is not good regarding BTC transaction in this moment but we need to adapt and make more pressure on exchanges to start using SegWit.
The CoFounder of Bitcoin.com has done it, what's wrong with that? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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bjbear123
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December 20, 2017, 12:13:00 PM |
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I don't think bitcoin cash is any better than bitcoin... The fees are roughly $1 for a quick transaction... bitcoin cash is 5X cheaper than bitcoin, so it bitcoin cash was $15,000 then the fees would be roughly $5... thats not much better in my opinion, only about 1/2 - 1/3 the transaction fee.
Im more looking forward to SEGwit 2X on the 28th, I hope that will be the adopted coin that gets used, it is almost like bitcoin version 2. Much better than bitcoin cash the alt coin
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BTC: 1Q3B9pr84adJJxBNmo3w3FaEWgcCjCSPTv | ETH: 0x1A053Df90E06f59fc7Aeb12F7a7Ea1f47FA53748 | LTC: LYUQYCy7S68Yry2qv3XRC7xx62GbHZEWhH | BCH: lol ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Get-Paid.com (OP)
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December 20, 2017, 12:24:02 PM |
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I don't think bitcoin cash is any better than bitcoin... The fees are roughly $1 for a quick transaction... bitcoin cash is 5X cheaper than bitcoin, so it bitcoin cash was $15,000 then the fees would be roughly $5... thats not much better in my opinion, only about 1/2 - 1/3 the transaction fee.
Im more looking forward to SEGwit 2X on the 28th, I hope that will be the adopted coin that gets used, it is almost like bitcoin version 2. Much better than bitcoin cash the alt coin
Who said Segwit2x will happen on Dec 28? Do you have a reliable source? The Twitter for it has only 500 followers.
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bitterguy28
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December 20, 2017, 12:27:39 PM Last edit: December 20, 2017, 12:40:33 PM by bitterguy28 |
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BCH has a new and modern cryptocurrency; it improved than the bitcoin itself. But when we talked about the transaction and values, BTC is better because it has high price or value than BCH.
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cokkapaga
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December 20, 2017, 12:31:18 PM |
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We are know that fee transaction of bitcoin is too high, but I am not sure bitcoin is dead and BCH can be replace BTC Btc is the first cryptocurrency in the world and many of people know bitcoin not bitcoin cash.
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fofz
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December 20, 2017, 12:34:13 PM |
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I believe that Bitcoin cash will rise quite a lot in 2018, but that doesn't mean that Bitcoin will die. Bitcoin cash may take over for smaller transactions as BTC has quite high fees and slow transaction time. Also if you look at BTC dominance - its first time under 50% since yesterday. Now at 47% - Surely going down slowly (lately).
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ChainSmoker
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December 20, 2017, 12:46:44 PM |
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It's funny.People complain even when bitcoin price is so high.I understand your point OP.I wonder you waited this long to switch to BCH chain,you should have switched to it much earlier.BCH will too have the same problem sooner or later and another problem of centralization because of bigger blocks.LN is the future.Once it is implemented properly in Bitcoin,it will allow BTC again for micro transactions due to offchain low fee payments ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I personally will not switch to BCH because of people behind it.I will keep Hodling BTC ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Get-Paid.com (OP)
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December 20, 2017, 12:53:25 PM |
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It's funny.People complain even when bitcoin price is so high.I understand your point OP.I wonder you waited this long to switch to BCH chain,you should have switched to it much earlier.BCH will too have the same problem sooner or later and another problem of centralization because of bigger blocks.LN is the future.Once it is implemented properly in Bitcoin,it will allow BTC again for micro transactions due to offchain low fee payments ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I personally will not switch to BCH because of people behind it.I will keep Hodling BTC ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) The Lighting Network is not going to happen: https://localbitcoincash.org/news/7/How_Did_Bitcoin_Get_So_Messy?_Bitcoin_Cash,_Bitcoin_Segwit,_Bitcoin_Gold,_Bitcoin_S1X,_Bitcoin_S2XDogecoin started as a joke and made massive gains. BCH is no different.
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arthurmazz
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December 20, 2017, 12:54:35 PM |
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Probably, but not now.
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Tornado_of_Coins
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December 20, 2017, 12:55:57 PM |
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drpixou
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December 20, 2017, 02:11:12 PM |
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Yeah. I'm really curious about how they can deal with the fee in the small transaction for now.
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junoreactor
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December 20, 2017, 02:22:57 PM |
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For small payments it is had to disagree. Average fee for a $100 transfer is $10, nobody will want to get charged ten percent. For a $1000 transfer you will pay approximately $20, so two percent is more acceptable. Use Bitcoin for big transfers only.
Bitcoin Cash is strong, but still waiting for merchants to accept it (not many last time I checked).
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scottykarate
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December 20, 2017, 02:50:40 PM |
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For small payments it is had to disagree. Average fee for a $100 transfer is $10, nobody will want to get charged ten percent. For a $1000 transfer you will pay approximately $20, so two percent is more acceptable. Use Bitcoin for big transfers only.
Bitcoin Cash is strong, but still waiting for merchants to accept it (not many last time I checked).
This^. I'd be curious to see how BCH actually handled the volume of transactions that BTC has. Maybe it has experienced it and has done fine? I haven't looked and don't care right now. I don't move BTC around. Fees are just that-fees and profit. Once people can make more money (i.e fees) on BCH transfers, they eventually will.
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Lucius
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December 20, 2017, 03:02:37 PM |
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So every time when there is problem with BTC transaction you open such thread and declare BTC dead in some way,and also promote BCH as some new miraculous cryptocurrency.The team that stands behind BCH with their leader Roger Ver is partly responsible for this situation in a way that try to stop full application of SegWit which is activated almost 4 months ago.
You can also offer your users to be pay in LTC,DASH or maybe DOGE-situation is not good regarding BTC transaction in this moment but we need to adapt and make more pressure on exchanges to start using SegWit.
The CoFounder of Bitcoin.com has done it, what's wrong with that? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) He just dump his BTC and allegedly bought BCH,nothing is wrong with that,they can do whatever they want.I do not really care what they do,their project is just attempt to privatize BTC and make fortune on that. What is wrong in this story is your statement that something is dead(again),and free promotion of your site.If you think BTC is dead just switch to BCH and use it from now on,problem solved for you and your users.
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jimbo2000
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December 20, 2017, 03:04:39 PM |
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We cannot pay our members payouts via Bitcoin anymore, this is completely impossible. We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.
We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin. It's just impossible to work with Bitcoin anymore.
Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.
For micro transactions bitcoin has long been a less from ideal solution, in time this needs to improve or they will be lost on bitcoin and while the larger transactions may make up the bulk of value transferred the smaller transactions make up the bulk of the user base who will support the currency.
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junoreactor
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December 20, 2017, 03:06:20 PM |
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For small payments it is had to disagree. Average fee for a $100 transfer is $10, nobody will want to get charged ten percent. For a $1000 transfer you will pay approximately $20, so two percent is more acceptable. Use Bitcoin for big transfers only.
Bitcoin Cash is strong, but still waiting for merchants to accept it (not many last time I checked).
This^. I'd be curious to see how BCH actually handled the volume of transactions that BTC has. Maybe it has experienced it and has done fine? I haven't looked and don't care right now. I don't move BTC around. Fees are just that-fees and profit. Once people can make more money (i.e fees) on BCH transfers, they eventually will. For those who earned "extra Bitcoin" with signature campaigns or other services, I would recommend trading a small amount to get some Bitcoin Cash. I did just last week and I am happy I did. I am a little upset that I bought my first Bitcoin on August 10 (give or take a day), 10 days earlier and I had free Bitcoin. C'est la vie. But now with blockchain.info it is very easy to get some Bitcoin Cash, I think the demand could grow just because of that. Some folks like me are just lazy to register on an exchange platform to trade, so a good move from blockchain.info Anyway, hold both and see what happens.
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