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Author Topic: Recently reduced transaction fee  (Read 421 times)
Olayinka225
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July 12, 2018, 05:52:05 AM
 #1

Hmmm....this is really great

How sweet could it be if it will be and continue like this.
Yesterday i wanted to send 200$ to my trading wallet and i saw just 0.27$ as the transaction fee.

Unbelievable!!!

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July 12, 2018, 07:06:59 AM
 #2

The decline in transaction costs will make Bitcoin better become the world currency. At the end of the transaction cost, bitcoin handling speed will increase, which will make people more desire to use Bitcoin.
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July 12, 2018, 07:20:43 AM
 #3

Hmmm....this is really great

How sweet could it be if it will be and continue like this.
Yesterday i wanted to send 200$ to my trading wallet and i saw just 0.27$ as the transaction fee.

Unbelievable!!!

Just maybe it's because some people already stopped using Bitcoin transactions, that is why the fees is also reduced. But I hope that things will be back to normal again after this bear market.

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Haoque89
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July 12, 2018, 07:24:04 AM
 #4

Nowadays, with the advent of coin, their prices will become more danjhg but they will make the transaction fees have different prices. You can choose other transaction costs based on the fee. Listed on the trading floor
spazie
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July 12, 2018, 07:32:45 AM
 #5

I think it's one of the bitcoin benefits, the transaction cost is very cheap.
Hopefully the future will be cheaper and can be free transaction.
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July 12, 2018, 07:35:02 AM
 #6

This one of the disadvantages of Bitcoin, but its good when it continues like this because some has resulted in using other altcoin for the transaction they are doing because of low fee..
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July 12, 2018, 07:42:41 AM
 #7

In my opinion only, I think that its because bitcoin investors are decreasing due to fluctuation or continues downtrend.Thats why the transaction fees is lesser.If the market will continue in downtrend slowly by slowly investors will be in doubt and it will affect the whole market.
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July 12, 2018, 07:46:58 AM
 #8

The decline in transaction costs will make Bitcoin better become the world currency. At the end of the transaction cost, bitcoin handling speed will increase, which will make people more desire to use Bitcoin.

This step is probably a strategy in able to encourage more investors to use bitcoin not just for investing but also as a medium in doinv transaction especially now that the transaction fee is reduced. More and more people will be encouraged to use it, as it continues to decrease it surely gives benefit to users.

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Olayinka225
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July 12, 2018, 08:30:11 AM
 #9

Hmmm....this is really great

How sweet could it be if it will be and continue like this.
Yesterday i wanted to send 200$ to my trading wallet and i saw just 0.27$ as the transaction fee.

Unbelievable!!!

What!!!

How do you mean by back to normal again after this bear market

Just maybe it's because some people already stopped using Bitcoin transactions, that is why the fees is also reduced. But I hope that things will be back to normal again after this bear market.

geeba  |  A NEW ERA OF DELIVERY SERVICE THROUGH
ROBOTS, BLOCKCHAIN AND THE COMMUNITY
Olayinka225
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July 12, 2018, 08:39:10 AM
 #10

I think it's one of the bitcoin benefits, the transaction cost is very cheap.
Hopefully the future will be cheaper and can be free transaction.

Definitely I hope for a transaction fee future trade time. But do you think that can help the future and manifest if bitcoin?

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palle11
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July 12, 2018, 08:46:41 AM
 #11

This one of the disadvantages of Bitcoin, but its good when it continues like this because some has resulted in using other altcoin for the transaction they are doing because of low fee..

I'm even thinking is better the transaction fees for bitcoin gets higher to further push icos and investors to patronize other coins and grow it too. This will help cryptocurrency in general. My wish.

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July 12, 2018, 08:50:59 AM
 #12

This is really a good news. The drop in transaction costs will make the world of crypto better in the extended world currency. As a result of this, at the end of the transaction cost, bitcoin handling speed will increase, which will lead to people becoming desirous of making use of Bitcoin.
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July 12, 2018, 08:55:37 AM
 #13

The transaction fee has reduced because the number of transactions has reduced compared to lately 2017. After more people are interested in bitcoin, the transaction fee will increase again. The problem with transaction fees has not been solved yet.

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July 12, 2018, 09:04:02 AM
 #14

Is that true?
If so, I am very happy. considering the very expensive transaction costs on the days of the previous days.
I think, people will be reduce using Bitcoin if the transaction fee is not lowered. this is a strategy to attract new investors.

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July 12, 2018, 09:12:17 AM
 #15

Hmmm....this is really great

How sweet could it be if it will be and continue like this.
Yesterday i wanted to send 200$ to my trading wallet and i saw just 0.27$ as the transaction fee.

Unbelievable!!!
Yeah, actually its already happen since last month i think. It's only 4k unconfirmed transaction right now and by looking at this site https://btc.com/stats/unconfirmed-tx, you only need 0.00001 fees or even lower to get confirmed fast.
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July 12, 2018, 09:29:39 AM
 #16

Is that true?
Yes that's true that transaction fee were cheaper than before so if you want to transfer bigger amounts this is the right time for you.

Last time there's a huge transaction that's estimates worth $300M in bitcoin that has been successfully transferred for a fee of $0.4 cents, yes centavos!

$300 million transferred for 4 cents in fees!

This is the TX btw. https://www.blockchain.com/btc/tx/39afcad6c4d0713ed291014315c4dcf2d81334275218c28fd354af45b7395c61

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July 12, 2018, 02:13:44 PM
 #17

The transaction fee has reduced because the number of transactions has reduced compared to lately 2017. After more people are interested in bitcoin, the transaction fee will increase again. The problem with transaction fees has not been solved yet.


No no no, I don't agree with that
How do you know the number of transactions has reduced compared to late 2017. I wipe off my phone i would have show you some proofs

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July 12, 2018, 02:37:20 PM
 #18

The transaction fee of bitcoin is one of its impressive edges against other payment processors. At different times of the day though, the fee might increase depending on how many transactions are being processed. Naturally, the miners would opt for transactions with higher fees, so it might take a while for some of the low-fee transactions to get confirmed, but eventually it will pass through. There are also cases in which the network is filled with spam transactions, though doing this in the current times would just be a dire effort in making a point.

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July 12, 2018, 02:56:29 PM
 #19

Hmmm....this is really great

How sweet could it be if it will be and continue like this.
Yesterday i wanted to send 200$ to my trading wallet and i saw just 0.27$ as the transaction fee.

Unbelievable!!!
Around what time yesterday was it? I think the fee fluctuates from time to time. I got discouraged late last night with the transaction fee of $4+ while trying to send $39.30btc from a Coinomi wallet to another Coinomi. I have seen this happen in the past so I decided not to go ahead. I waited until 3am today and then tried again. Viola! It went through on a charge of $0.04. It wss a pleasant relief to me. But that doesn't mean the fee won't go up back tomorrow again.

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July 12, 2018, 03:46:13 PM
 #20

transaction fee and transaction speed will always be better, the exchange service always makes us satisfied.

and that's not our problem, but our problem today is security exchange. Crypto hacker always takes advantage of the opportunity to steal every coin we keep on the exchange.

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