RivAngE
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Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
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February 14, 2018, 11:27:45 AM |
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I'm not using BTC for many reasons, but since it's a necessity in order to trade other coins, I need to use it.
However I only did the mistake of sending BTC between exchanges once, never again! BCH and ZEC are good alternatives to use when you want to send coins between different exchanges.
The fees you pay for the extra trading back and forth are much lower than what you'd pay to send BTC.
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Erza
Legendary
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Activity: 1078
Merit: 1000
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February 14, 2018, 11:29:49 AM |
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Talk about getting your ass kicked by fees!  How can Bitcoin fix this to compete? Bitcoin fee is high because of many adoption and high transaction, beside that this fee is depends on the market too, higher price means we need to pay even higher as well. But I do not think it is really big problem here, the only matter here as long as you can get your coin to your wallet then it is fine. People complaining high fee because they tend to send only a little bit of money and what is that for? Past and future is really matter now, may be in the past you can get small fee because there is only little transaction but now you can see how big this bitcoin world are |
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lilmansbride
Newbie
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Activity: 35
Merit: 0
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February 14, 2018, 11:31:23 AM |
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Expedited fee on blockchain.info costs no more than 1 usd, it's current fee is just good.
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pinoyden
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February 14, 2018, 11:33:20 AM |
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I'm not using BTC for many reasons, but since it's a necessity in order to trade other coins, I need to use it.
However I only did the mistake of sending BTC between exchanges once, never again! BCH and ZEC are good alternatives to use when you want to send coins between different exchanges.
The fees you pay for the extra trading back and forth are much lower than what you'd pay to send BTC.
Bitcoin is not really necesary to trade other coins thesedays because there were many online exchanges lately that enables direct trading for a specific coin ( i.e tokens and altcoins ) etherium is the only one that i think necesary needed in order for you to trade your tokens and altcoins because etherium acts as a gas or transaction fees in order to trade them. @op i guess you may now avoid bitcoin if your going to use it for any payment method because the fees were indeed pretty high despite of its price drop. You should rather switch out on bitcoincash or any other alts like litecoin and dash for a much lesser fees. |
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cryptodadach
Jr. Member
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Activity: 58
Merit: 1
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February 14, 2018, 12:21:24 PM |
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The question is, how would Bitcoin Cash address the same issue if it ever got to the same value and usage as Bitcoin currently has?
it would be unusable...just like eth on cryptokitties... |
BTC: 16C1ZBZQ1ZUC34tHKKN8uMGVQfBf9uCDMa
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wpc143
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Activity: 490
Merit: 11
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February 15, 2018, 01:29:25 AM |
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I think the trnasaction fees in all cryptocurrencies are the number one problem of every traders. They get less profit because of the transaction fees. High transaction fees is one of the disadvantage in all cryptocurrencies.
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baby222
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February 15, 2018, 09:12:05 AM |
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Fees are not that high. I mean we are talking about security and good technology here. Anyway, when things will be more popular the fees will drop
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RawDog (OP)
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Activity: 1596
Merit: 1026
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February 16, 2018, 09:56:45 PM |
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Fees are not that high. I mean we are talking about security and good technology here. Anyway, when things will be more popular the fees will drop
Fees go up when it gets more popular. That is why bitcoin is broken. |
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RivAngE
Full Member
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Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
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February 17, 2018, 02:14:18 PM |
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Isn't an update (called "Thunder" I think) going to solve this problem by the way? Or just using other coins works as well!  |
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LoyceV
Legendary
 Online
Activity: 3304
Merit: 16609
Thick-Skinned Gang Leader and Golden Feather 2021
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February 17, 2018, 02:54:42 PM |
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Isn't an update (called "Thunder" I think) going to solve this problem by the way? Or just using other coins works as well! It's called the Lightning Network. I haven't seen anyone call Lighting Thunder until now! |
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Apple Mac
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February 17, 2018, 02:58:30 PM |
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Talk about getting your ass kicked by fees! How can Bitcoin fix this to compete? Ive been in the same circumstance. i am just having hundred of Tokens and its really cheap and the exchanger demands for almost 1/4 of my token, what should I do? Reject it ? I will lose the entire salary of course so I have to swallow the huge fees they have set which is unfair for those who doesnt have so much to hold we are being prohibited to have our own profit in bigger state. |
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rapsa2018
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Activity: 504
Merit: 10
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February 17, 2018, 03:03:27 PM |
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This is also because bitcoin fees are high so I'm also buying other coins using bitcoin and I also withdraw it.
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brickafterbrickwalldpt
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February 17, 2018, 03:15:22 PM |
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Are you another person who wants to misinform others? Bitcoin fees are low, couple of cents is enough to pay for the whole transactions. Also, confirmation time is quite good. What are Bitcoin Cash advantages now? It won't have any reason to exist after Lightning Network becomes used by more people. Right now, hardly any wallet supports it so no wonder why it isn't popular among ordinary Bitcoin users. I paid something like 0.00005 BTC for my last transactions, I'm satisfied.
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kyle999
Jr. Member
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Activity: 475
Merit: 1
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February 17, 2018, 03:19:21 PM |
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now think increases while the price of bitcoin increases with its fee because time reduced the bitcoin price is at least the fee because it happened at that time.
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putrisa
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February 17, 2018, 04:14:29 PM |
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of course bitcoin has a very expensive shipping cost is in because of the higher bitcoin prices and the density of bitcoin transactions try bitcoin prices down to the price of $ 10 / Bitcoin (BTC) is definitely very small fee.
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DarkStar_
Legendary
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Activity: 2758
Merit: 3282
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February 17, 2018, 04:29:23 PM |
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Isn't an update (called "Thunder" I think) going to solve this problem by the way? Or just using other coins works as well! It's called the Lightning Network. I haven't seen anyone call Lighting Thunder until now! Perhaps he's referring to Thunder, the Lightning implementation by Blockchain.info. |
taking a break - expect delayed responses
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Iggor
Member
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Activity: 64
Merit: 10
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February 17, 2018, 04:45:30 PM |
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Hey that 2$ is not so bad if we see 200$ transaction fee soon  |
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gantez
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February 17, 2018, 04:54:02 PM |
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The fees are getting lower but it is still high. It usually prevent me from certain little transaction because such transaction would have been better not to be carried out. You just lose all your percentage in paying fees.
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SELENA703
Newbie
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Activity: 21
Merit: 0
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February 18, 2018, 03:59:06 PM |
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I think that as the BTC's price is high and the transaction fee is low, so each time it feels good when the transaction occurs as we send btc to other ones. but this is also exposed to changes. as the btc world is making it expands, the btc's prices are getting higher day by day...so there is nothing to worry about.
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newinbtc
Legendary
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Activity: 1190
Merit: 1001
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February 18, 2018, 04:10:38 PM |
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you cannot compare two different network fees with each other , each coin have different speciality Bitcoin is king and Bitcoin cash is branch of Bitcoin itself. Current rate of transfer bitcoins from one wallet to another wallet is less than 11 sat per byte. As per calculation Fees is only 1% per 100$ which is very less seems
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