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russaa8 (OP)
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May 02, 2018, 02:17:49 PM
 #1

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
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May 02, 2018, 02:23:10 PM
 #2

really good news, hopefully the future will continue to be easy to transact,
which will make the users really want to have it, bitcoin will definitely be
the spearhead of virtual coin for the future.
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May 02, 2018, 02:23:46 PM
 #3

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!

Yep, it's like that for quite some time now.
Bitcoin is better than what the propaganda team of certain altcoin wants you to believe.
I'm glad you got this nice surprise and it's nice to see this kind of threads too Wink although, as I said, it's no news actually.

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russaa8 (OP)
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May 02, 2018, 02:27:04 PM
 #4

really good news, hopefully the future will continue to be easy to transact,
which will make the users really want to have it, bitcoin will definitely be
the spearhead of virtual coin for the future.

My commission was about 0.0026% of the transferred amount. It's just unreal and very cool. The speed of the transaction surprised me, too. I think that any bank can dream of such cheap and fast transactions.

It seems that bitcoin is now really very undervalued. He has a great future!
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May 02, 2018, 02:30:41 PM
 #5

My commission was about 0.0026% of the transferred amount.

It doesn't work like that. You can transfer even 5000 Bitcoin with the same 190 satoshi, really.
The transaction fee goes per byte. It all depends on how big the transaction is in memory. And that depends on how many inputs are spent (from how many transactions that money comes) and in how many places you send out.

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May 02, 2018, 02:34:42 PM
 #6

that great news! i was afraid to trade my coin in short term because i was afraid i will only get loss because of transaction fees.. but with your news, i will reconsidered my decision and plan to trade maybe twice a week now.
russaa8 (OP)
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May 02, 2018, 02:50:42 PM
 #7

My commission was about 0.0026% of the transferred amount.

It doesn't work like that. You can transfer even 5000 Bitcoin with the same 190 satoshi, really.
The transaction fee goes per byte. It all depends on how big the transaction is in memory. And that depends on how many inputs are spent (from how many transactions that money comes) and in how many places you send out.

I know about it. It is very good! Conducting transactions for such low costs is a pleasure! I think that few bitcoins are now aware of this. Sending 5000 bitcoins for 190 satosh is something very cool. Bitcoin has no equal!
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May 02, 2018, 03:13:14 PM
 #8

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
You realized it just now? I have been using very low fee for last few transactions and the confirmation speed was amazing compared to previous fee and time. The average fee i have using is around 25 sat/b. The fee did go high momentarily when the price of bitcoin spiked, but looks like its normal right now. By the way, you can use https://bitcoinfees.earn.com/ to know the estimate fee and confirmation time based on current network situation.

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May 02, 2018, 03:14:55 PM
 #9

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
I think you know that the transactions fees don't depend on the corresponding value in dollars. (you can send 500$ and 5000$ using the same fees)
fees are low for a while "I think since the end of January." https://bitcointalk.org/index.php?topic=2848987.msg29228128#msg29228128
The current progress in the lightning network[1] makes the fees go down for a long time. Let's enjoy the low fees

[1] Read more https://blockstream.com/2018/04/30/eltoo-next-lightning.html
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May 02, 2018, 03:58:29 PM
Last edit: May 02, 2018, 06:44:29 PM by franky1
 #10

lets see how long it takes before core fan boys pretend segwit and LN caused cheap prices.

even though the reality is that spam from mixers caused high prices to pretend segwit/ln was needed, just to force the bilateral split
major spam vents always happen when core need the community to react and upgrade to their bip
summer 2016(bip68+112), november 2016(sw'bfore christmas push'), summer 2017(bilateral split due to sw stagnation of only~35%)
coincidence?.. nope

oh and lets not forget now the spam has died because gmax told his mixer pals to calm it down post split.
that segwit utility and LN usage is below 10% so caused no actual impact.
https://blockchain.info/charts/avg-block-size?timespan=180days

yea even the big segwit advocates of BTCC have yet to trust segwit enough to put their block rewards on segwit addresses
1* address not bc1q* address
https://blockchain.info/block/0000000000000000000bff3438191e837cbd2870d049a3f9aeb5b922afd921dc

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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May 02, 2018, 04:02:33 PM
 #11

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
These timings will only get better in future with the launch of lightning network. The prices depend on the wallet you're using. For example MEW hardly charges anything for transfers while some exchanges charge up to 0.001 per transaction.
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May 02, 2018, 04:18:50 PM
 #12

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
The transaction fees have improved tremendously in favour of all investors and traders. Its just amazing to send 5000btc with a transaction as a low as 190 sat. Besides transaction speed is also commendable; I think its a step in the right direction for all bitcoiners
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May 02, 2018, 04:20:50 PM
 #13

I remember last years situation when i pay 10$ for transferring 20$.
Hope this days not back when btc hit 20k again

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May 02, 2018, 04:40:00 PM
 #14

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!



that's really a good news for everyone  the transactions fee is so low now we afford the amount of fee to withdraw bitcoin.  hope not to increase the fee of transaction. that's information is really cool.
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May 02, 2018, 04:45:54 PM
 #15

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
This means that big change are happening in bitcoin right now, with this change many would love to make their transaction here. I think bitcoin will deliver more aside from this one.
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May 02, 2018, 08:38:08 PM
 #16

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
This means that big change are happening in bitcoin right now, with this change many would love to make their transaction here. I think bitcoin will deliver more aside from this one.
Lol. You got to be kidding me. This means nothing, pffftt.. let alone "your big change". This just indicates that the network right now not being spammed, which was the prime reason for higher fees last few months.  And read what franky1 posted. Makes a lot of sense.

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May 02, 2018, 09:02:32 PM
 #17

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!


Its good that its happening this way and yours a even a little expensive because in my own case, I also transferred an amount close to your range at about 8 cents and before I remembered to check back, it already had 1 confirmation which didn't take too long to complete the process. When we see situations like this and we are happy we should not forget the trying times when transaction fees are so high to have swallowed the amount intended to transfer with unending waiting time. We should not be shy to appreciate those who made it possible because without them coming to offer solution by various development among which include SegWit, LN etc, we would have been signing a different song and whinning about how bitcoin is the worst of all crypto currency.
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May 02, 2018, 09:04:56 PM
 #18

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!

This is definitely one of the good thing to see. If the transaction of bitcoin becomes cheaper and faster, this will certainly increase the value of bitcoin much more. I know geeks are working on Lightning network on top of bitcoin.
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May 02, 2018, 09:24:37 PM
 #19

It should be how the normal bitcoin transaction should be.
I dont know what shit happens that made it so high when it comes to just sending to someone.
Bitcoin is meant for this and this should be seen by people.

Look at its difference with how much a money transfer company will get from a thousand dollars of transaction. Then they could compare and see the truth.
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May 02, 2018, 09:28:42 PM
 #20

Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!

LOL. Where are you living at? Under the rock?

It's been like that since early this year specially when bitcoin price nose dive and if you are going to used Segwit, the transaction fee could be way more cheaper and faster. Also the network spam has stopped and as far as I know, trading exchanges are also moving to Segwit and batching their transactions that's why the network is not that clogged. You may also want to visit this website to see how the mempool is during and figure how much fee to pay: (https://jochen-hoenicke.de/queue/#0,24h)

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