donadoni212
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November 04, 2018, 08:34:11 AM |
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bro, if you object to the fees charged by bitcoin, now imagine if you send money with FIAT through a complicated bank, do you still say if the transaction fee from bitcoin is expensive?
actually you can use another alternative for payment or maybe send money to someone else, by exchanging it for Altcoin, and my solution is doge coin which I think is the cheapest fee compared to other altcoins
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junglist.massive
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December 01, 2018, 02:28:28 PM |
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If bitcoin has a high price with low transaction costs, I think it would be detrimental to miners who help in the transaction because they take profit from the trans action costs, if you don't pay attention to the miners who need profits from the transaction costs then they will lose so it's natural that it has expensive transaction costs because its price is expensive too. If you look at altcoin the transaction cost is so cheap because the price of altcoins is still cheaper than bitcoin. |
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irenegaming
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December 01, 2018, 02:33:43 PM |
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I believe that the fee has a quite acceptable state, is a bit less than $1 in any type of transaction, remember that this is part of the incentive to keep the miners mining, in such a case is more likely to rise, because the fewer blocks remain, less btc will be given to the miners and they will have to make their profit with the fees.
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Tetutu
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December 24, 2018, 08:15:04 AM |
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That's what hurt most of the crypto traders especially when the bitcoin fee is already high. It is alright to have a high bitcoin fee if it is only an option if you wanted to have your transaction processed as fast as lightning.
I rate it still reasonable to note that the process is fast, because of the relative cost factor and depends on the bitcoin exchange policy. Bitcoin traders certainly want profits, on the other hand bitcoin owners who make transactions want the process to be done quickly. |
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Shanu shan
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December 25, 2018, 09:14:43 AM |
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if you facing high fees in bitcoin just go and use altcoins those have low fees and you can get good profit too.
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Rajamuda
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December 25, 2018, 09:45:14 AM |
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I think this is one factor too, bitcoin users are decreasing until the price becomes a continuous declining on the price until many people move to altcoin. Well, but in my opinion.. this will improving and not always be like this.
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peacefulpeace
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December 25, 2018, 09:53:18 AM |
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i think the bitcoin fee should be synonymous with the market price of btc at that moment. But reverse seems to be the case as we have experience in the past and even present where large sum of transactions fees are charged. We hope to see change to this effect in the near future.
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saumang2m
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December 25, 2018, 04:59:12 PM |
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Bitcoin has become so popular in today's time. People are using bitcoin in small transactions. Due to which Bitcoin's fees have changed.
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PlusOne88
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January 15, 2019, 11:42:44 AM |
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This would probably take a lot of study. We know for a fact that fees goes to miners also and if transactions could be lesser I think it will affect miners especially if computations could become complicated. It could use up a lot of electricity and therefore could create loses on the part of the miner. I don't have idea though how much did they earn from it. I just heard about some feedbacks on this.
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Belec
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January 15, 2019, 01:52:14 PM |
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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 do not think so, but it has the truth, Altcoins are gaining advantage over bitcoin here. The price for bitcoin and if it is on the rise and if it is falling, the fee is very high and it is not expensive to anyone, while the other currencies are easy to fight against, I do not know how to do it. Mining is more expensive and if you do not take account of transactions, it's easy to lose money |
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ipsec
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January 16, 2019, 06:32:26 PM |
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The commission is constant because the number of transactions does not decrease.
I think this is one of the main problems at the moment.
And we have several ways to solve this problem. But at the moment it takes time. Use altcoins for small transactions for now. And yes. ETH has the same problem.
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Denton
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January 16, 2019, 10:50:55 PM |
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I think that this will be taken into account in the further development of bitcoin. On the one hand, it is good when you send a large amount, but when you send a small amount, the payment for the transaction may be too high. So it all depends on the situation.
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mich
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January 17, 2019, 02:10:04 AM |
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Just lower the transaction cost and sit back and just wait for the BTC to be send.
Unless you are in immediate hurry to send the BTC, there is no reason say you want to spend more then need.
It might sound like a good idea at first but I want to pay a few cents not a few dollars cause overall overtime it will begin to add up!
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Fluxtorrence9
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January 17, 2019, 03:07:11 AM |
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This is one issue still facing bitcoin ,I remember last bullrun the transaction fee became triple for sending out small amount of satoshis ,bitcoin needs better upgrade to fix this but I guess its never going to happen
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budi691
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January 17, 2019, 03:11:37 AM |
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I think there Is nothing that can be done concerning that bitcoin fee price can't be change because that how they create the system. The design programme for Ethereum is different from bitcoin that why they don't have the same fee.
that's different from the fluctuating value of bitcoin. all countries try to refuse, but they take bitcoin technology and they make the latest brands, which essentially imitate btc, it only affects market value. |
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iMark
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January 17, 2019, 05:08:51 AM |
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If you couldn't afford the fee then use alt-coin,
Bitcoin fee is to high and that is the reason why other people choose to use alt-coin.
Bitcoin prices are increasing, of course many are waiting for it. but if indeed we cannot afford the high enough bitcoin price, it is better to buy a smaller and lighter altcoin. so don't force your will if you can't. Thats what I do, I know that transactions using bitcoin are much more expensive and slower, I don't condemn it, I just want improvement on this. besides that I use other altcoins for transactions because it is cheaper in fees and faster |
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ancafe
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January 17, 2019, 05:19:31 AM |
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I think there Is nothing that can be done concerning that bitcoin fee price can't be change because that how they create the system. The design programme for Ethereum is different from bitcoin that why they don't have the same fee.
that's different from the fluctuating value of bitcoin. all countries try to refuse, but they take bitcoin technology and they make the latest brands, which essentially imitate btc, it only affects market value. I think in some places, you can set how much you need to spend. but, because of so many transactions, of course you know the risks of that. the lower you pay a fee, the longer your transaction will be processed. well, and vice versa, when you pay a high fee, chances are the transaction will be faster. |
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jademaxsuy
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January 17, 2019, 06:58:04 AM |
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Yeah I feel it too because I am converting my fiat money to bitcoin and the exchange make a deduction of about 5% of it and that is huge already. As we all know that these exchanges will going to make another transaction fee when you convert your bitcoin or any crypto to fiat money. This is my problem because only one local exchange I know here in our country.
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Commitments
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January 17, 2019, 07:25:16 AM |
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Talking about higher fee by using bitcoin as transaction I think is not fair, bitcoin have counted about fee by transaction under 0.00005 btc and have pass more than four years and depend how bitcoin price next time, when bitcoin on higher price maybe is high, but when lower its will be cheap.
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xabre
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January 17, 2019, 08:50:47 AM |
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More than last three years I saw fee transaction for sending bitcoin to other address always the same with amount 0.0005 btc, based on your opinion talk about high bitcoin fee is not true, when bitcoin already at higher price maybe we pay with the same amount but only have higher value because bitcoin is growing up, but when bitcoin is lower price we pay with the same too and lower of fee because lower price of bitcoin.
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