Bitcoin Forum
May 21, 2024, 11:26:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1]
  Print  
Author Topic: tx costs of different established cryptocurrencies my personal experience  (Read 86 times)
KingScorpio (OP)
Sr. Member
****
Offline Offline

Activity: 1470
Merit: 325



View Profile WWW
December 24, 2017, 12:04:51 AM
 #1

i recently traded tron for profits, since there are many panicers, that quickly drop their coins, almost for free so i moved in to make some profits,

now i need to withdraw my funds into a different exchange where i can bet on another coin that i expect to grow but what do i see:


ethereum 4 USD withdrawal fee

BTG   3.5 USD withdrawl fee

and waves 0.003 USD which also is the fasted one

in terms of speed waves is by far faster than etherem BTG and of course bitcoin not to mention the 55 USD fee token,

how long will people still accept those crappy cryptocurrencies with high fees as value carriers?

regards

KingScorpio (OP)
Sr. Member
****
Offline Offline

Activity: 1470
Merit: 325



View Profile WWW
December 24, 2017, 12:21:07 AM
 #2

for me this is obvious that waves is future cryptotoken, and therefore i keep my funds stored in waves which i also then transact between exchanges,

regards

eckmar
Legendary
*
Offline Offline

Activity: 1878
Merit: 1038


Telegram: https://t.me/eckmar


View Profile
December 24, 2017, 12:31:35 AM
 #3

how long will people still accept those crappy cryptocurrencies with high fees as value carriers?

Not sure to what coin are you referring to. Value carrier is Bitcoin but it's not crappy so you got a bit confused there buddy...

Anyway, what is currently happening with Bitcoin's fees is pure manipulation. There were talks for months about Bitcoin Cash being the true Bitcoin and it's what Satoshi wanted and all that crap. Before Bitcoin Cash fees were high sometimes but all manageable. Don't you think it's kinda strange that Bitcoin Cash only have low fees going for them, other than that its just copy/paste of BTC. Now people are looking for other currencies like you did and select one with lowest fee and say "yeeh guys the future king is here!!!". There where always other currencies with lower fee but do you see anyone wanting Waves or even Ethereum as payment when they are selling something ? Nope, It's just BTC (LTC recently). Bitcoin cash supporters are hoping that more people are thinking like you (well only newbs can do that, sad but true) and that is the point for creating this mess. If you cannot spot a manipulation when you see one don't invest in crypto because it's unregulated and it happens a lot (what happened 2 days ago was pure and simple market manipulation for example)

Edit: I just saw that you are pretty new here, I didn't want to be so offensive but it does really explain some things. Do some more reading Smiley Friendly advice
alani123
Legendary
*
Offline Offline

Activity: 2408
Merit: 1436


Leading Crypto Sports Betting & Casino Platform


View Profile
December 24, 2017, 12:36:31 AM
 #4

Other cryptos can have faster and cheaper transactions largely because there is not as much demand for transactions with them as there is for Bitcoin. Lately, a game in ethereum's blockchain clogged it's s transaction processing, once again proving that ethereum transactions are also limited by the tech behind it.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
KevenDabid
Member
**
Offline Offline

Activity: 196
Merit: 10


View Profile
December 24, 2017, 02:21:36 AM
 #5

It is precisely because the technology behind BTC and ETH is still not perfect, there will be more altcoin trying to replace them, but we can reduce the handling charge by using altcoin.

Murloc
Full Member
***
Offline Offline

Activity: 322
Merit: 103



View Profile
December 24, 2017, 02:42:07 AM
 #6

Don't you think it's kinda strange that Bitcoin Cash only have low fees going for them, other than that its just copy/paste of BTC.
If you need lower fees and faster transactions then use litecoin. Thats technicaly the same as BTC and BCH but more legit than the second one. BCH performs spam attachs and its price only hypes around Roger Ver.
Bitcoin cash supporters are hoping that more people are thinking like you (well only newbs can do that, sad but true) and that is the point for creating this mess.
They are, And this is insanely stupid. Just add 8mb block to the bitcoin and you will get fees equal in USD amount to the fees at the beginning of this year. Which means that pretty soon you gona need to increase the block again and again. That may lead to the mining centralization. Scaling on the blockchain is not an option. What happens around the BCH is that Roger Ver and other holders are trying to abuse this issues with the fees that soon will be resolved.

talkbitcoin
Legendary
*
Offline Offline

Activity: 1372
Merit: 1032


All I know is that I know nothing.


View Profile
December 24, 2017, 02:43:06 AM
 #7

you are missing 2 very important facts:
1. these are withdrawal fees not network fees or what you are calling "tx cost". it means what you paid are what the exchanges charged you and it usually has nothing to do with the network fee. and you are telling them in USD! if these altcoins were also worth 15,000+ then their fees would have been big too in USD.

2. you can't even compare altcoin transaction fees with bitcoin! and it is pretty simple, bitcoin is used to its maximum capacity and then some and then on top of it, bitcoin is being spam attacked.
in comparison, altcoins are not used, their blocks are empty and their networks unused, and finally there are not spam attacks.
when comparing bitcoin with each of these altcoins you must compare them under same circumstances.

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
██  █████████████████████████
  █████████▄      ▄██████████
█████████████▄  ▄████████████
    █████████████████████████
  ██████████▀    ▀█ ▀████████
████  █████▀  ▄▄  ▀█  ▀██████
  ████████▀  ▄██▄  ▀█   ▀████
    ██████   ▀██▀   ██   ████
  █████████▄      ▄██████████
██  █████████▄  ▄████████████
  ███████████████████████████
██  █████████████████████████
  █████████████████████▀ ███
█████████████████████▀   ███
    █████████████▀     ████
  █████████████▀   ██    ████
████  █████▀     ██    ████
  ███████▀   ██    ██    ████
    █████    ██    ██    ████
  ███████    ██    ██    ████
██  █████    ██    ██    ████
  ███████████████████████████
.....
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!