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big transactions fees are a problem for bitcoin!!?
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Topic: big transactions fees are a problem for bitcoin!!? (Read 181 times)
hosseinimr93
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Re: big transactions fees are a problem for bitcoin!!?
February 21, 2018, 06:35:11 PM
#21
Seems that you have not made any transaction in the past days or you didn't made any transaction 3-4 months ago. Now the transaction fees are not high. Transactions are confirmed fast with low fees.
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ace9989
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Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 02:08:09 PM
#22
The higher the adoption rate and the demands for it bitcoin is getting more scarce and harder to obtain. The fees are being affected by other countries regulation on it, economic crisis and much more.
yrrehc16
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Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 02:12:07 PM
#23
bitcoin doesn't have a fast transaction!
bitcoin transfer fee is low if you are sending a bunch or big value.
bitcoin is not secure! once you made a mistake in the address it will be gone forever no refund!
The only thing in bitcoin is having anonymous, but if you are on some wallet like coinbase or others, there's no security on your identity.
coinwizard_
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Most Advanced Crypto Exchange on the Blockchain
Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 02:15:56 PM
#24
Same thing about the transport system. Trains were cheap, fast, and spacious. Now try to get on during rush hour and you're on an overcrowded train, very expensive ticket, and it is slower due to too many people using it!
Hopefully bitcoin will have a solution to these high transaction fees
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Kprawn
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Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 02:51:45 PM
#25
I think when you do a comparison with other payment systems, you have to take more things into consideration :
https://crypto.bi/tape/blog/ccs-swift/
will help you to understand this. You cannot compare APPLES with STRAWBERRIES
and make conclusions from that. There are a lot happening on the front end and on the backend of these technologies and
things get complicated, when the amount increase.
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fuer44
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Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 03:01:58 PM
#26
Quote from: levvv on February 21, 2018, 02:34:46 AM
Quote from: Viellefox1025 on February 21, 2018, 01:37:11 AM
One of the early edge/advantage of bitcoin are the following;
1. Fast Transaction
2. Low Transaction fees
3. Secure
4. Being Anonymous
Now I don't think that bitcoin still has this advantage over the current monetary system. what do you think?
Read this article:
https://www.cnbc.com/2017/12/19/big-transactions-fees-are-a-problem-for-bitcoin.html
bitcoin at the early indeed fast, it is because the network still not crowded.
the demands still low. but now, the demands of bitcoin is far increased from that time.
so the transaction time, fees are require more.
you are right, but the fee is too big. if the bitcoin transaction to another account is $ 25, and the fee is $ 16? it's almost 60% and that's too big. its better fee should be 5% or 10% for every transaction.
dewi91
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Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 03:10:48 PM
#27
I think problem about transaction fees is solved because in a few weeks I see transaction fees is low but I don't know when bitcoin reach 20k like before whether transaction fees will goes up again or not. I not feel speed transaction of bitcoin is so fast because recently I send my bitcoin and it need time almost 1 hour.
hasmukh_rawal
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Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 03:19:05 PM
#28
The issues you are mentioning above are already discussed and most of them are already solved.
I must admit that the transaction fees has gone way down than it was a few months ago. The fees will go more down after the implementation of the lightning network. Although its implementation is going to be done for doing micro payments, it will still be used by many number of people to do the transactions.
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kier010
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Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 03:21:24 PM
#29
only exchange sites now have high fees when sending bitcoin. bitcoin is always secure but if you made a mistake then the one to blame is you yourself. always think and secure what you do to avoid mistakes.
mammon
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Re: big transactions fees are a problem for bitcoin!!?
March 01, 2018, 03:22:57 PM
#30
What a total bullcrap about the BTC fee right now!
Did send 800 euro in BTC a few days back, fee was 1,32 dollar. And that is cheap
Dont't like the fee?
DON'T USE BITCOIN!! It is just so simple
edit. And yes it was quick also...
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