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Author Topic: high bitcoin fee!!  (Read 419 times)
kuronokishi10
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December 30, 2017, 12:56:51 PM
 #1

when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?

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Shu1llerr
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December 30, 2017, 01:08:34 PM
 #2

in this there is another plus. regardless of the price, the amount of the transaction is unchanged. Imagine you are transferring a large amount and how much will you pay with it - a lot? I do not think it's good, especially for those who use bitcoin as a means of payment. ethereum serves entirely for other purposes.
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December 30, 2017, 02:23:42 PM
 #3

when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?

Don't wait for this. Use Altcoins and exchanges.
jakirtanvir
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December 30, 2017, 02:29:46 PM
 #4

when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?

I think you should go for the altcoin. Because bitcoin value are not getting low anymore.
iL_P4driNo
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December 30, 2017, 02:32:20 PM
 #5

when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?

I don't think we can see this soon, fees are higher everyday and people started to be frustrated. I think this is why Bitcoin price is dumping and Ethereum price is stabilized for now.

jinksters09
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December 30, 2017, 02:33:11 PM
 #6

The reason why people go for alternative coins is that of this high amount of transaction fee, imagine the transaction fee is higher than the amount you're about to send, which is unlike alt coins which only costs for only a reasonable amount. If this keeps up, I will no longer why many people abandon bitcoin.

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December 30, 2017, 02:43:09 PM
 #7

when will the bitcoin fee be reduced or moderated?

it will eventually happen. people will either stop using bitcoin so the fees will come down or the spam attack finally stops and fees come down.
in the long term we will have a real scaling solution too which will mean fees will come down. but it takes time to implement things like LN.

Quote
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?
so far as i know ETH fee is exactly the same as bitcoin and it goes up with price and also goes up ridiculously faster than bitcoin when there is a clog in the network from ICO transactions or just some smart contract using ETH network to make transactions.

meer45
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December 30, 2017, 02:44:13 PM
 #8

People keep talking about how the lightning network will solve all of these problems, but I'm doubtful. No one can reliably say when the lightning network will be implemented, and I'm not keeping my hopes up that this problem will be solved soon. I hate to say it, but I've come to accept it as a fact.

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December 30, 2017, 02:47:21 PM
 #9

when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?

Who knows. Bitcoin is making value of whore crypto market. I dont care if is good for payments or not. For micropayments there are another coins. Bitcoin is for me like physical gold.
bitcoinzen
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December 30, 2017, 02:48:05 PM
 #10

Bitcoin fees may come down soon segwit 2x is implemented so we can expect less fee and fast lighting transactions
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December 30, 2017, 02:50:16 PM
 #11

The only disadvantage of btc is the high fee charged that changes the mind of investors to choose another option of coin in my opinion this has to be changed.
hilda483
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December 30, 2017, 02:50:43 PM
 #12

The reason why people go for alternative coins is that of this high amount of transaction fee, imagine the transaction fee is higher than the amount you're about to send, which is unlike alt coins which only costs for only a reasonable amount. If this keeps up, I will no longer why many people abandon bitcoin.

Slowly the market cap of Bitcoin will swtich from the the Bitcoin to the alts. That's gonna be a great moment for the crypto world, when poor become rich and reach become a little poorer.

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December 30, 2017, 02:53:32 PM
 #13

The current bitcoin transfer fee is indeed too high to be accepted, and do not know when the new technology can change the problem of block congestion and reduce the cost of transferring money. Huh

Painbird
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December 30, 2017, 03:01:45 PM
 #14

Bitcoin fee is become confusion in nowadays. Actually the more it price increasing the price will become so high. Actually the fee is happen when you transact it in wallet address. But its not fact when you use it by your email. so I will suggest to use email. You can use wallet when need a major transactions.it's my personal opinion

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December 30, 2017, 03:11:59 PM
 #15

The reason why people go for alternative coins is that of this high amount of transaction fee, imagine the transaction fee is higher than the amount you're about to send, which is unlike alt coins which only costs for only a reasonable amount. If this keeps up, I will no longer why many people abandon bitcoin.

No matter what you Trade here in the cryptocurrency world, you are still going to end in bitcoin, because you are going to trade your altcoins into bitcoin for you to have fiat after you convert your bitcoins. We couldn't do anything about this high fee since the price of bitcoin is getting high and high everyday, that is why the miners are taking this as an advantage to earn more because of the rapid increase of bitcoin demands.

Wingo
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December 30, 2017, 04:03:03 PM
 #16

when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?

This is where the use of alts comes in. Bitcoin is getting unusable because of the slow transaction and it is not nice for us bitcoin users. We cannot do anything other than change it into another alt with a faster network, a faster transaction confirmation. But it is completely hassle but we have no other choice.


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muratsink
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December 30, 2017, 05:04:12 PM
 #17

The reason why people go for alternative coins is that of this high amount of transaction fee, imagine the transaction fee is higher than the amount you're about to send, which is unlike alt coins which only costs for only a reasonable amount. If this keeps up, I will no longer why many people abandon bitcoin.

No matter what you Trade here in the cryptocurrency world, you are still going to end in bitcoin, because you are going to trade your altcoins into bitcoin for you to have fiat after you convert your bitcoins. We couldn't do anything about this high fee since the price of bitcoin is getting high and high everyday, that is why the miners are taking this as an advantage to earn more because of the rapid increase of bitcoin demands.

naturally the fee for bitcoin is so high, but many solutions to avoid the delivery of bitcoin, I'm not too worried about the financing of bitcoin delivery is so high.

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December 30, 2017, 05:07:00 PM
 #18

The heavy traffic at the blockchain needs to be cleaned first.
This happened before and that is the solution too. They increase the fees so that they can minimize the transaction that will be done.
I think the faucet payer was the culprit because of low payments that directs to the wallets of faucet workers.
If that is cleared then it will be back to normal. For now use the pools.

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December 30, 2017, 05:10:48 PM
 #19

As far as people said the mining fee is high and most are mining that has greater fees so our transaction will stuck if the fee is lower. I don't know much about these things, but you should use Ethereum or Litecoin that is much better and faster transaction.
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December 30, 2017, 05:13:21 PM
 #20

I usually use btc change eth, btc fee high and slow transactions, eth is cheap and fast.
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