Bitcoin Forum
May 07, 2024, 12:28:37 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Remember when transactions were slow and expensive on the last bull run(2017)?  (Read 308 times)
betty11
Copper Member
Jr. Member
*
Offline Offline

Activity: 448
Merit: 3


View Profile
June 24, 2019, 09:49:43 PM
 #21


Have you not updated it since 2015? It has Segwit and full fee control. It's still my mobile wallet of choice.

Yes, updated it, on my Iphone, it has these fee options: low priority, Economy,Normal and priority in ascending order of charge. Still they will automatically bring a higher fee even though I choose low priority.
1715084917
Hero Member
*
Offline Offline

Posts: 1715084917

View Profile Personal Message (Offline)

Ignore
1715084917
Reply with quote  #2

1715084917
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715084917
Hero Member
*
Offline Offline

Posts: 1715084917

View Profile Personal Message (Offline)

Ignore
1715084917
Reply with quote  #2

1715084917
Report to moderator
1715084917
Hero Member
*
Offline Offline

Posts: 1715084917

View Profile Personal Message (Offline)

Ignore
1715084917
Reply with quote  #2

1715084917
Report to moderator
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3013


Welt Am Draht


View Profile
June 24, 2019, 09:54:23 PM
 #22

Yes, updated it, on my Iphone, it has these fee options: low priority, Economy,Normal and priority in ascending order of charge. Still they will automatically bring a higher fee even though I choose low priority.

Ah. There's your problem. Mycelium on iOS is basically dead and abandoned. Only the Android version is developed these days. You definitely need to drop Mycelium and find another wallet if you're staying with Apple.
timerland
Hero Member
*****
Offline Offline

Activity: 1526
Merit: 596


View Profile
June 24, 2019, 09:55:57 PM
 #23

I think that the one thing that people will benefit from regardless of whether they choose to adopt Segwit (which they should, for their own sake of saving further on transaction costs), or not that you didn't mention in the OP but others above have mentioned is consolidating inputs.

I personally have saved probably tens of dollars by simply merging small inputs in my wallet when the fees are low and when I'm not in a rush for confirmations, and as a result, being able to pay less transaction fees when the markets are overheated.

This works even when overall network fees are high. Since if you are not in a rush, even in a high-fee network, you're capable of choosing a lower fee and wait for confirmations. Essentially, it's almost like speculating on fees.

But anyways, I echo the sentiment of others who say that this bull market will likely to see much less fee fluctuations, but you may still take these steps to be prudent.

Smiley
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!