Damn fees!

[SiDtHeBeSt]

Yeah, bitcoin's fees is pretty high compared to other coins. You told your friends only about bitcoin? There are pretty good altcoins in which they can invest their money in and they have pretty low fees as compared to bitcoin, for example ethereum. I think you should tell your friends to invest in ethereum as it's price is expected to go high and it is a pretty good altcoin with alot of potential. If they still want to invest in bitcoin, they'll have to pay the fees. I don't think you can do anything more.

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[asayoyaasa]

im not gonna lie, but thats kind of thing you need to say to your friend before they involve with cryptocurrency. also using alt would be nice decision

[Turkish88]

what irony ))) When people's tell about blockchain and bitcoin, he operate with anonymous adresses of bitcoin network and low transaction fees, but in real case not everything is fine as it seems.

[spngebob]

Don't make transaction if you can't accept the fees then make after this problems in fees,nothing gonna happen if you always think negative about bitcoin atleast plan to make big transaction instead a small so even if transaction fees are really high you can still has good and big amount of transaction.

That's it?
Don't make transactions if you can't handle the fees?
Make large transactions?
That is stupid.

When transferring, you can exchange to ETH or LTC as the fee is lower and transaction is quicker.

Which part of my post you don't understand?

Yeah, bitcoin's fees is pretty high compared to other coins. You told your friends only about bitcoin? There are pretty good altcoins in which they can invest their money in and they have pretty low fees as compared to bitcoin, for example ethereum. I think you should tell your friends to invest in ethereum as it's price is expected to go high and it is a pretty good altcoin with alot of potential. If they still want to invest in bitcoin, they'll have to pay the fees. I don't think you can do anything more.

What are you doing in bitcoin discussion? Go to altcoins. Or trading discussion.

Why it has huge fees in your country? We don't have that huge amount of fees here in our Country when we buy bitcoin it is depend on how much will you going to buy bitcoin, maybe it is your wallet. Make sure that their wallet is trusted before using that kind of wallet.

What the fuck does this mean?
Jessus posts here.

Start using Segwit. It is the best technological solution the Bitcoin Network has to help solve the "high fees" problem. I also call for the community to start asking their most used Bitcoin merchants and services to also start enabling Segwit on their side.

Stop using Blockchain.info and start using Green Address, https://greenaddress.it/en/. It is more secure and has Segwit enabled by default.

For other Segwit wallets for mobile and desktop, there is Samourai wallet and here is the instructions how to make one in Electrum.

Generate a BIP39, 12 words seed on https://iancoleman.io/bip39/, you can also use it offline for more security.

On electrum choose, create new wallet, I already have a seed, then on "options" choose BIP39, paste the seed then click next.

On derivation path path use: m/49'/0'/0'/0

This. But most services are not doing it, i am not sure why. Sorry for stupid question, can I use that address for mycelium?

[Wind_FURY]

No, Mycelium's Segwit implementation is still a work in progress. But Samorai wallet has Segwit now enabled by default. If you do mind helping them test their app for Android by downloading it on the playstore, you can also go here to download, https://samouraiwallet.com/alpha.html

Use only a small amount as you should with mobile wallets.

[Kakmakr]

My cousin bought about $100 worth of bitcoin a year ago and I told him to hold onto it for a minimum of 1 year. He sold it in December, when the price was +/- $18 000 and made a profit of about $600 after trading fees and miners fees were deducted.

The biggest mistake these people make, is to think that Bitcoin is a short-term investment. He paid $6 miners fees on his transactions and he did not even blink.

[vltnqefi]

Bitcoin was proven unsuitable for micropayments as early as a year ago, since the blockchain problem with bitcoin since then has been put on the agenda, except that for most personal discourse because of personal interests BTC players have no common opinion.

[timikulit]

Bitcoin pending transaction is going back to normal. we should wait a little longer before it became cheap again. do not withdraw your bitcoins if it is small amount.

[cizatext]

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

Well you are right, the recent hick in the transactions fees in bitcoin was so alarming but that is gradually coming back to normalizes now. But from the analysis you made I have some thing to point out. 1 how can you pay for the transactions fees of buying bitcoin the seller has to bear that cost, in bitcoin you have to be smart and carry out adequate research on how things are done. And if your friend has the mind to wait for along time the $100 can earn enough interest.

[Kotone]

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

Transaction costs have really turned up the volume as the years also progressed. However I still believe that they are a crucial part of crytpocurrency albeit very expensive ad these transaction fees are also used in making our bitcoin and cruptocurrencies what they are today

[BlackCoffeexD]

Some reason there is a VAT in the world and no one excuse that when your baby you have VAT. So that what it mean when you send or take also there is a Tax.

[Tracey130]

The fees are too high to buy $100 worth of bitcoins.. If guys just stopped transferring in BTC the rates would be lower!

[cipher-x_09]

Yes I think the miners are way being too greedy for the high transaction fee, I mean talk about the our hard earned bitcoin which we are about to send to our loved will be much lesser due to the fact that the transaction fee is much more expensive than the money we are about to transfer.

[Odora]

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

all Bitcoin players are experiencing this, Bitcoin's price is getting higher so to speed up transactions it needs fast Block breaking, to accelerate the fast splitting Block is a high cost, I am aware of this so I'm not too concerned if Bitcoin fee gets higher... CMIIW 

[Nilda]

Don’t enter the bitcoin world if you’re gonna be concerned about the transaction fees. Two things certain in life, death and taxes. In cryptocurrency, it’s the transaction fees.

[lucas.zimmer]

Yeah, bitcoin's fees is pretty high compared to other coins. You told your friends only about bitcoin? There are pretty good altcoins in which they can invest their money in and they have pretty low fees as compared to bitcoin, for example ethereum. I think you should tell your friends to invest in ethereum as it's price is expected to go high and it is a pretty good altcoin with alot of potential. If they still want to invest in bitcoin, they'll have to pay the fees. I don't think you can do anything more.

This transaction fee paradox is really becoming annoying. I don't want to do any transaction any more. I think this will effect bitcoins future in a bad way comparing to all coins.

[btc_angela]

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

you should exchange to ETH or Litecoin so the fees lower more than use bitcoin

But the problem here is that you will also lose a lot of bitcoin along the way. Just check shapeshift.io and try to change bitcoin-ETH and you will know what I'm saying here.

I have heard that there's LN coming, this has been promoted to really solved the issue. So let's see how it goes.

Don’t enter the bitcoin world if you’re gonna be concerned about the transaction fees. Two things certain in life, death and taxes. In cryptocurrency, it’s the transaction fees.

Don't be harsh mate. People complaining here are still in the bitcoin world, continues to trade but at the same time complaining about the ridiculous fees. How ironic, this high tx fees will still be here as long as bitcoin price is going up. But if solution like LN will be put up, we should expect something can be improved in the future.

[Malamok101]

for us people in the philippines and philippines who also use the coins.ph wallet and in other worlds it's also a great fee for it because it's just the normal use of people and there are many ways to use the here, because of other wallets like blockchain, coinbase is okay coinpayment.net is nice and it's also legit them these wallet case long process so you get your money here and also stable 0.0002 fee for it.

[gabmen]

Don’t enter the bitcoin world if you’re gonna be concerned about the transaction fees. Two things certain in life, death and taxes. In cryptocurrency, it’s the transaction fees.

Good point. Though its normal to raise issues about the transaction fees. I think people jhst needs a thorough explanation on why the tx fees shot up when btc rose in value. Lets see if segwit2x can do something about it

[stripykitteh]

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

The amount of unconfirmed transactions are dropping. There shouldn't be that high of a fee when that clears up.