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Author Topic: sick of high fees Ive moved over to alts  (Read 879 times)
Evergreen Star (OP)
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May 21, 2019, 09:40:43 PM
 #1

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
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May 21, 2019, 11:53:22 PM
 #2

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
Get used to it and thats the main problem with Btc when the entire network is congested when the price tends to rally.So having another altcoin as an option isnt bad afterall.

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May 22, 2019, 01:12:26 AM
 #3

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.


once value goes up this happens.
it will come to BCH soon too

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May 22, 2019, 01:16:02 AM
 #4

Be completely honest: Have you actually tried transacting recently? This is likely just one of those posts complaining about the fees even though the person complaining hasn't even tried transacting.

Even though the mempool has been a bit congested since the past few weeks, the fees are still A LOT lower than it used to, assuming you're actually using a SegWit address. There's no reason for you not to do so.

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May 22, 2019, 02:44:25 AM
 #5

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

I think some people don't mind to pay high fees to the network because the amount of withdrawing they made will bigger than the fee itself. Besides that, I think with the higher fee of the transaction, it will get confirmed in a short time and we don't have to wait for long or even days. But it depends on every people who want to use other coins, and we cannot force them to use bitcoin only.

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May 22, 2019, 02:57:20 AM
 #6

Hmm... maybe the problem is your technical knowledge or/and used client.

I've just sent $60 with <$1 fee (very high priority) and got confirmed after <10minutes; is that expensive?
I've sent $30 before with the same <$1 fee (very high priority) and got confirmed after <10minutes.
I've sent a $200 in BTC last month with the same fee and also got confirmed after the next block.

How's that possible?
I'm only using one input each for these transactions;
because during low mempool times, I'm consolidating all my small inputs and change when 1sat/byte fee is possible.
Always refer to the link's last page for the signal if it's possible to consolidate as cheap as possible.

But go on, you have the right to choose which coin to use, this is just an advice.

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May 22, 2019, 03:08:11 AM
 #7

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

I think some people don't mind to pay high fees to the network because the amount of withdrawing they made will bigger than the fee itself. Besides that, I think with the higher fee of the transaction, it will get confirmed in a short time and we don't have to wait for long or even days. But it depends on every people who want to use other coins, and we cannot force them to use bitcoin only.
Yes, for those who can afford the transaction fees and wanted to have a much quicker transactions will not mind the amount, but for small traders/investors who just earning little fractions of bitcoin surely they will feel the fees, and like what you have said everything will be depends on how people will embrace this process and support the system.

We do have our own freedom choosing what we wanted to support inside this industry, that's the reason behind why people still supporting the market.
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May 22, 2019, 08:52:31 AM
 #8

Why are you bothering with any Bitcoin shitfork? Use LTC.

I sold some BSV for LTC the other day. The exchange I sold the BSV through wouldn't let the LTC go until 200 BSV confirmations. That was nearly two solid days. Boy, that's some real faith in the security of its chain.

My conclusion - the shittest shitcoin in shitland.
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May 22, 2019, 12:24:54 PM
 #9

Fees really aren't that bad anymore at the moment, I don't think I've paid more than around 75 cents in fees in the past couple of days.
Didn't have to wait too long for confirmations, like an hour at most.
Now, I don't typically pay what my wallet suggests, I look up the fees beforehand.

https://bitcoinfees.earn.com/

You can see that a lot of people are just overpaying at the moment.

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May 22, 2019, 02:02:08 PM
 #10

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant
I can see that you're just a troll boy. Why would you choose both BCH and BSV? Someone really interested in shifting would choose one.

I dont understand who the hell wants to pay high fees to send money to someone.
I don't understand why anyone would use a network (BSV) that got re-orged a couple of times recently, or a network (BCH) where BTC.TOP mining pool obtained 55% of the hashrate a couple of days ago. On top of that, Calvin is trolling BCH's network by mining empty or near empty blocks. Now that's cool.  Roll Eyes
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May 22, 2019, 06:11:04 PM
 #11

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
May I know how much you had transacted and what fee you had paid? Tongue

Fee is almost $1 when I made a transaction today which might worth about $150 or less and I guess this is not the fee will make someone sick.

BCH is not the right option when you want to reduce fee,there are some shit coins with no or very low fee for transactions.Try it.

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May 22, 2019, 06:23:55 PM
 #12

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

While you making transaction, it will pass through the blocks and if you needs transact it very fast then you need to pay high fees for that transaction. Generally most of the wallet providers prefixed the average fees to make the transaction. If you modify it then it really hard for you in fee structure.

To solve the fee problems you may move the BTC to any trusted segwit wallets like Electrum, Greenadress and so on.

I believe the conversion your bitcoin to BCH and BSV is not a nice idea when we are checking the potential comparison of this and that coin.

To learn more how to reduce the fees you read it here on bitcoin wiki.
https://en.bitcoin.it/wiki/Techniques_to_reduce_transaction_fees

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May 22, 2019, 06:27:00 PM
 #13


My conclusion - the shittest shitcoin in shitland.
Havent tried out to make transactions with BSV but the thing you are trying to elaborate here do picture out on how shitty this coin is.I do rather treat this question as trolling yet there are lots of options way more better than
on this shitty Bitcoin fork shitcoin. hehe

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May 22, 2019, 06:40:13 PM
 #14


Of all altcoins, you pick the BSV that most people here are avoiding. Fees are really is giving headaches. There are so many altcoins to choose from, you could have pick the ones that is obvious being used in casinos at least.  Pick EOS or the ETH which still hasn't bloom much since the start of the bulls.

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May 22, 2019, 07:44:04 PM
Last edit: May 22, 2019, 07:56:44 PM by leowonderful
 #15

I gamble pretty regularly and I've been switching over to using Litecoin recently. Most crypto casino sites accept LTC as a method of deposit, and fees are much lower than Bitcoin's most of the time. I've also tried out using Doge and other coins with lower fees that are accepted by casinos in the past, but LTC's accepted in more places in general than most of those other coins and I've been keeping a small part of my crypto stash in LTC ever since.
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May 22, 2019, 08:16:54 PM
 #16

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
I still don't understand what these people want. Why are there altcoins (alternative coins)? Because they offer you what bitcoin can't offer and opposite, bitcoin offers you what altcoins can't offer.
Let me explain why it seems like people stick with bitcoin and pay high transaction fees: I have bitcoin, price rises, when other person without bitcoin sees this, he/she wants to buy bitcoin and do what I do - buy low / sell high.
This causes increased number in transactions which automatically leads to an increased fees. In any way I have to move bitcoin because I make money from it, thatms why I stick with it and don't care much about transaction fees.

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May 22, 2019, 10:57:33 PM
 #17

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Why are you still stuck in core when you can use segwit for cheaper and faster transactions? I think you should try it.

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May 22, 2019, 11:05:37 PM
 #18

Yes it is a pain.
We have a lot of options by now though. You could go out and try Western Union. You will see that it is just the same or maybe worse than bitcoin transaction fee.
Other is Ethereum which is really cheap even before.
Now, you will only need to exchange your BTC to ETH which will also have fees. It will just be the same in the end.
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May 23, 2019, 12:17:39 AM
 #19

I feel you thats why I transfer to ethereum too since theres a lot of affordable transaction site to use for it unlike btc. I happen to be inlove using eth's platform already and been trading a lot for a long time already.

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May 23, 2019, 12:47:01 AM
 #20

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

The fees are relatively lower than they were before. You just need to adjust the fees according to your urgency. I'm doing most of my transactions below 50 cents. Though 50 cents is still high if you consider other alts.
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May 23, 2019, 02:31:00 AM
 #21

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
That's really the problem now when bitcoin are mooning since the network is congested.
I just got to be used to it as I need to transact, but your idea is good but for me, I haven't tried using BCH or SV for transaction, I am using ETH as an alternative, it's not that cheap but the transaction fee is more acceptable compared to BTC's current transaction fee now.

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May 23, 2019, 04:48:17 AM
 #22

You can use segwit for lower fees. The problem with BCH and BSV is those coins can anytime get destroyed, specially BSV since they have shady behavior from the beginning.
If you use cryptocurrency as payment method, why don't you use other coins? There's thousand of coins. I suggest using DeepOnion because it has faster speed and lower fees.
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May 23, 2019, 05:46:45 AM
 #23

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

I don't understand why people always  complain about the fee of BTC, what BTC guarantee is security, how many confirmation do you need for BTC deposit on exchange as compare to BCash, do not mention BcashSV. If you are transferring from you own wallet there are ways to scale down the fees, if you are not interested in the speed of things.


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May 23, 2019, 05:57:55 AM
 #24

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Bitcoin fees aren't that bad anymore, and the second layer infrastructure for it is still being developed. As for alternatives to bitcoin, there is LTC. At least LTC does not try to confuse the public by adopting the bitcoin name.
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May 23, 2019, 06:01:38 AM
 #25

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
Get used to it and thats the main problem with Btc when the entire network is congested when the price tends to rally.So having another altcoin as an option isnt bad afterall.

At first, i was also complaining about the high fees. But yes, I am now used to it. You can get back the fres when you earn profits from btc trading, right? Anyhow, that is your decision.  Altcoin transactions is greater than btc, i may agree with that since I've also determined the differences between altcoin tx's and btc tx's.

I could suggest you choose an exchange that offers small fees. DYOR is the best thing here to know the best exchanges that had smaller fees with good system.
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May 23, 2019, 06:02:02 AM
 #26

haha, obviously OP is just an altcoin bag holder who is wishing for more profit Cheesy

there is only two cases where you use cryptocurrencies:
1. investment.
in which case there is no way anybody in his right mind to give up bitcoin for altcoins since we all can see the potential of bitcoin and how it is the only thing that moves in long term while others continue to drop.
not to mention that investors don't care about fees!

2. currency.
in which case if you wanted to spend bitcoin, the places you want to spend doesn't accept altcoins so even if you switch to altcoins they still don't accept it and you had fooled yourself and lost a lot of money for that conversion.

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May 23, 2019, 06:38:46 AM
 #27

In a short word you are telling us that bch and it counter part are better off btc, well its your opinion why we that believe in Btc will stay with it as who ever need btc from you will never take bch is Sv in replace for btc.

Get use to the fee as I don't don't pay much in sending and someone with empty block and low fees to convince people is only doing a copy of what we have and he jmhas no idea what so ever what bitcoin was cos if he did , he would have create it for a while or even create his own coin but only duplicate he know about.
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May 23, 2019, 06:52:54 AM
 #28

It's quite strange how bitcoin transaction fees have increased off late but i am sure it's because of the recent increase in price of bitcoin. Moving to alts would only let you miss out on the bull run of bitcoin in case of a pump in price so better endure these fees.

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May 23, 2019, 06:58:00 AM
 #29

Those coins you mentioned are cheap because they are not secure.

They have less than %10 of bitcoin's hashrate.

If you are going to hold a few hundreds on those networks, I can understand your rage that's fine but many people keep their life savings on bitcoin's network and that's usually a few $10k's and sometimes it is more than $100k.

Nobody in the right mind would keep more than $1k on bcash.

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May 23, 2019, 06:59:30 AM
 #30

That's actually the struggle of most holders and it's hard to get rid of it. As the price of Bitcoin increases, the fees are also getting higher. I'm still paying those fees because I want assurance of gaining a good profit since bitcoin is profitable these days. I'm sure that same thing would happen to altcoins. When the prices increase, the fees would strike high as well.

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May 23, 2019, 07:15:11 AM
 #31

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Bitcoin fees aren't that bad anymore, and the second layer infrastructure for it is still being developed. As for alternatives to bitcoin, there is LTC. At least LTC does not try to confuse the public by adopting the bitcoin name.

You can name any coins which have a low price than bitcoin, and you can have a low fee to pay. As he mentions bch and sv, then I think people can do the same thing as him. But the other people will not have the same decision to use that coin for a transaction or withdrawing to fiat. But yes, we need to know how much the fee of making the transaction so we can choose the coins which is fit with what we want.

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May 23, 2019, 07:15:19 AM
 #32

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Sometimes or most of the times, there's congestion, that is why I always look for a better option to send altcoins or pay someone with altcoins and Ethereum is good alternatives and a good options for both parties, I believe in Bitcoin I still am but Ethereum is a good option when sending.

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May 23, 2019, 08:18:10 AM
 #33

Altcoins for less transaction fees is a good alternative for bitcoin transaction. We already know that as the price of bitcoin rises, so with the number of transactions, so with the transaction fees. However, altcoins might have less percent increase in value than bitcoin, which makes it less valued. So, better to choose the one which is on the rise.
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May 23, 2019, 08:25:08 AM
 #34

Very strange, because I do not remember the last days I paid a high fees. But in extreme cases, you can try to make a transfer using LTC or other altcoin with low fees. Perhaps it was some kind of failure or error mining pool, this recently occurred in the Ethereum network.
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May 23, 2019, 08:29:01 AM
 #35

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
Sorry but it's not that high lol, you can still use <$1 fee an you can still get fast confirmed. I'm not recommend bitcoin cash. Litecoins should be fine if you want low fee. Tbh if we compared the fee of bitcoin with what happen on 2017, it's still super low imo. Still affordable and normal for the fee.
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May 23, 2019, 09:23:12 AM
 #36

I think its your choice and it's a reasonable choice if you compare the fee, for fee maybe alt could be better choice, but btc can act as currency and its more stable, and more people accepting btc as payment, so for me its better to used btc as payment but each coin got advantage and disadvantage, so its depend on your need
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May 23, 2019, 09:26:53 AM
 #37

Very strange, because I do not remember the last days I paid a high fees. But in extreme cases, you can try to make a transfer using LTC or other altcoin with low fees. Perhaps it was some kind of failure or error mining pool, this recently occurred in the Ethereum network.

Indeed, as far i know, bitcoin transaction very low and i think there is a mistake if the fees too high. Many option if we want to transfer crypto, if you think bitcoin are too expensive, you can use ethereum or doge or others coin, but for investment, i am prefer bitcoin
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May 23, 2019, 09:36:16 AM
 #38

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
I was only sick of it when I first came into the system and we began to see a major bull run in the price of Bitcoin and other crypto in the market, then I realized that the price we have to pay for seeing a bull run in bitcoin is that we are going to see an increase in the fees for sending out transactions until the price of the coin has been balanced.
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May 23, 2019, 09:48:52 AM
 #39

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

There is lightning network right now to reduce transaction fee and i think its very low fee. But there is a lot option if we want to transfer coin with more faster and cheaper, you can use RavenCoin or ethereum or other decentralized cryptocurrency

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May 23, 2019, 03:07:31 PM
 #40

Yes it is a pain.
We have a lot of options by now though. You could go out and try Western Union. You will see that it is just the same or maybe worse than bitcoin transaction fee.
Other is Ethereum which is really cheap even before.
Now, you will only need to exchange your BTC to ETH which will also have fees. It will just be the same in the end.
Ethereum fee also nearly same at the moment if you want your transaction to be on the priority of the miners.Or any other altcoin if it got so much demand like bitcoin having then the situation will same as of now due to the increase of their value against USD which creates an illusion that current transaction fee is to high.

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May 23, 2019, 03:12:02 PM
 #41

Actually, I'm more interested in who you are sending the bch and bitcoin sv to?
As far as I know, no one uses it or wants it.
It's only traded and is totally speculative.

BTC on the other hand, actually has use cases that are pretty widespread and useful.
So fees, fees, fees, its part of the tech.
If you are annoyed with it, than steer away from micro transactions and only use it for bigger ones.

Or you could switch to one of the generation 3 blockchains like iota, nano, or byteball.
Out of those, I like nano the best.
Once you use it, your eyes will be opened, you can never go back to normal blockchain again lol.

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May 23, 2019, 03:18:04 PM
 #42

This makes me remember last bullrun it was very hard to send out bitcoin to other wallet,the transaction fees became so huge I'm talking about using up to 30$ for transaction fees this is why I always wish there should be some upgrade to bitcoin network

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May 23, 2019, 03:24:53 PM
 #43

The fee for bitcoin shipping is always high and I find it in several markets, so when I make a withdrawal of bitcoin I always change it in the form of altcoin, because the fee for sending altcoin is very cheap and very far compared to bitcoin.

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May 23, 2019, 03:28:19 PM
 #44

Actually, I'm more interested in who you are sending the bch and bitcoin sv to?
As far as I know, no one uses it or wants it.
It's only traded and is totally speculative.

BTC on the other hand, actually has use cases that are pretty widespread and useful.
So fees, fees, fees, its part of the tech.
If you are annoyed with it, than steer away from micro transactions and only use it for bigger ones.

Or you could switch to one of the generation 3 blockchains like iota, nano, or byteball.
Out of those, I like nano the best.
Once you use it, your eyes will be opened, you can never go back to normal blockchain again lol.
Exactly, Bitcoin SV or BCH are jokes, there are no people that really wants it considering that these two are just rip off from bitcoin and dont really have any use cases because they are not widely accepted as means of payment unlike bitcoin which has already become a universal means of payment in cryptocurrency.

The fee itself is actually already does make sense, even paypal is a lot higher than BTC but no one complaints anyway. There is also lightning network that could speed up the transaction and make transaction cheaper.

People could however still choose to stick using lower fee but giving away speed, the transaction fee increase because people are pumped up to move their coin in fear of missing the train.

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May 23, 2019, 03:49:44 PM
 #45

Actually, I'm more interested in who you are sending the bch and bitcoin sv to?
As far as I know, no one uses it or wants it.
It's only traded and is totally speculative.

BTC on the other hand, actually has use cases that are pretty widespread and useful.
So fees, fees, fees, its part of the tech.
If you are annoyed with it, than steer away from micro transactions and only use it for bigger ones.

Or you could switch to one of the generation 3 blockchains like iota, nano, or byteball.
Out of those, I like nano the best.
Once you use it, your eyes will be opened, you can never go back to normal blockchain again lol.
Exactly, Bitcoin SV or BCH are jokes, there are no people that really wants it considering that these two are just rip off from bitcoin and dont really have any use cases because they are not widely accepted as means of payment unlike bitcoin which has already become a universal means of payment in cryptocurrency.

The fee itself is actually already does make sense, even paypal is a lot higher than BTC but no one complaints anyway. There is also lightning network that could speed up the transaction and make transaction cheaper.

People could however still choose to stick using lower fee but giving away speed, the transaction fee increase because people are pumped up to move their coin in fear of missing the train.

there are still people using BSV particularly those who got a lot of fork coins. if you got a ton of it for free why not. transaction fee is really going to make btc transaction a pain, which i'd rather be using XRP of course i know its fee is much lesser. ETH also will have a higher fee later on. bullrun has its effect and buying altcoins will be its one. of course profit is along with it.












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May 23, 2019, 03:54:28 PM
 #46

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

If it is still lower than the traditional ways of paying or sending money to another part of the world then I guess it is fine. I only buy BTC because I want to double my money or even more, I don't really had a problem with the fees because I rarely send them. Again it is your choice to choose what ever alts you wanna use in alternative to bitcoin just be very careful out there.
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May 23, 2019, 04:42:44 PM
 #47

The fee for bitcoin shipping is always high and I find it in several markets, so when I make a withdrawal of bitcoin I always change it in the form of altcoin, because the fee for sending altcoin is very cheap and very far compared to bitcoin.
It's not entirely bitcoin's fault, it's just exchange overpricing their withdrawal fee just to keep more profits, you can't really escape it since you'll face the exact thing when your gonna convert your altcoin to btc.
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May 23, 2019, 06:36:52 PM
 #48

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

If it is still lower than the traditional ways of paying or sending money to another part of the world then I guess it is fine. I only buy BTC because I want to double my money or even more, I don't really had a problem with the fees because I rarely send them. Again it is your choice to choose what ever alts you wanna use in alternative to bitcoin just be very careful out there.
There's always a reason why people are investing with this crypto currency, if you are aiming for long term goals you will not be affected of fees as you will not transfer your coins aside from you already gain your target value, else, you will keep it and let it grow and forget about issue that can be solved after some years of existence.
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May 23, 2019, 06:39:59 PM
 #49

I think is better to still use and hold bitcoin, even if there are high fee you can try accelerate your transaction for free if has at least 10satoshi fee, but anyway is your choice.
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May 23, 2019, 06:44:26 PM
 #50

I think is better to still use and hold bitcoin, even if there are high fee you can try accelerate your transaction for free if has at least 10satoshi fee, but anyway is your choice.
Totally agree with you.  I also follow this strategy.  Because I think that now is the right time to keep Bitcoin.  It will still grow in the future, now it does not need to be sold.

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May 23, 2019, 07:01:53 PM
 #51

How much high fees were you charged and what amount did you send ? Providing such data will help to know if the fees are high. If I send a Bitcoin of USD value of 200 $ I do not pay a fee of more than 2$. I don't consider this high. so let us know how high you mean. Remember there is no free lunch. Miners need to get paid.
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May 23, 2019, 07:06:32 PM
 #52

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Yeah, since btc price increased I think it has also made the fees to go high. This could be because of demand and people who are selling off to take profit. After this initial rush, it could go to normal again. It was witnessed last two years too or anytime price increase.

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May 23, 2019, 07:10:02 PM
 #53

I still don't know why the Bitcoin core dev still finds it difficult to fix the high fee issue just like eth have done. After the last eth upgrade it worked on the fee and it is now moderate. This has been one of the reasons I had to stop making transactions with Bitcoin

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May 23, 2019, 07:11:46 PM
 #54

In my own opinion, fees are usually higher for BTC because it has the greatest percentage of the market cap, so it's usually congested. Especially now that some big players are trooping in, many people are buying BTC and miner fee is high.
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May 24, 2019, 10:21:35 AM
 #55

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
You are the first person I will be seeing complaining about bitcoin fee has been high, you would have just left you money in your traditional bank and see which charge is higher. The only time we usually get high charge complain is when the price is becoming too high and also demands become much which usually create congestion for the system, which no one forced you to transact this time.

Those forks you mentioned, what is their trade volume within 24hrs compared to the trade volume of bitcoin, when you see the number of people using this coin within 24hrs, you will understand why we usually have congestion sometimes and not always.
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May 24, 2019, 10:26:24 AM
 #56

You can set the fees lowered than the recommended ones.
If you're happy with the shift with those forked coins, it's your decision.
But I'm staying to bitcoin no matter what other says.


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May 24, 2019, 10:33:25 AM
 #57

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
Use XRP, XLM, ICX, TRX, LTC for small fees, whats your problem?) There are a lot of liquidity in those coins right now. BTC was planned like very cheap payment method, but now most people use it like investment tool, BTC is digital gold right now and it pretty good in that way, for payments there are a lot of much more cheaper and fastest coins.
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May 24, 2019, 10:44:42 AM
 #58

You can set the fees lowered than the recommended ones.
If you're happy with the shift with those forked coins, it's your decision.
But I'm staying to bitcoin no matter what other says.
I also support the strategy to stay in Bitcoin and hold it. when it will grow then it will be possible to buy altcoins

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May 24, 2019, 10:52:03 AM
 #59

You can set the fees lowered than the recommended ones.
If you're happy with the shift with those forked coins, it's your decision.
But I'm staying to bitcoin no matter what other says.
I also support the strategy to stay in Bitcoin and hold it. when it will grow then it will be possible to buy altcoins
to be able to have and buy bitcoin, of course you have to have big capital so that when get a profit it feels a lot ,I prefer coins with cheap prices although getting a profit requires a long time

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May 24, 2019, 11:18:06 AM
 #60

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Naturally, if transaction costs are high, that is due to a large queue and the price of bitcoin is now increasing. You may use other altcoins to transact like Monero or XRP. I also often do as you do when you feel high transaction costs.

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May 24, 2019, 11:30:06 AM
 #61

Can you elaborate how much many did you send and how much the cost? Are you using third party wallet like Blockchain.com? Send the us the tx on which block it happened.

Use SegWit to get cheap fee, if you complain because of high fee but you send it from exchange you just making fool out of yourself. Exchange usually have fixed fee so they can make money each time you withdraw. If you use your own wallet the fee will be much cheaper.
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May 24, 2019, 11:35:05 AM
 #62

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Hahaha.. This is definitely a rant. You realized early cos no one wants to stay in a place where losses will be higher than gains. All these platforms are making enough from people, exchanges too that's why I quickly abandon any exchange that charges high fees.
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May 24, 2019, 12:16:49 PM
 #63

I also experienced high fee transaction yesterday. But I understand tgat this is normal because bitcoin's price value is on high level. It is like also in regular salary in employment. When goods and product are continue to grow it's price employees will request for a higher salary. Make sense and have some adjustment make your every transactions meaningful.

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May 24, 2019, 12:17:23 PM
 #64

Transaction fee can be dependent on the type of wallet provider been used, Imtoken (IOS version) charges too high even though they claim to be a Segwit wallet, Mycelium (IOS)  has Low fee, ecomony, normal and high priority, they are all still high when sending $25 upward. The best is to get a wallet provider that allow you to set your price as you desire, never forget to always check network fee, you may want to use this as a guide https://coinb.in/#fees
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May 24, 2019, 12:18:29 PM
 #65

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Naturally, if transaction costs are high, that is due to a large queue and the price of bitcoin is now increasing. You may use other altcoins to transact like Monero or XRP. I also often do as you do when you feel high transaction costs.

That's an interesting take.

So if Ethereum had the same transaction volume as Bitcoin do you think their gas price would also be proportional to Bitcoin?

This implies that there aren't cheaper alternatives, just lower volume ones. Correct?

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May 24, 2019, 12:19:14 PM
 #66

Just make sure that you have prepare the worst scenario when you decide to moved your btc into altcoin.
As I know the value much more unpredictable.

But if you lucky enough, you can earn profit more than anything

Smiley
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May 24, 2019, 01:09:03 PM
 #67

I have already moved to altcoin for transactions before the high fee of Bitcoin started. I use ethereum for most of my transactions  at this moment because I can't deal with the high fee

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May 24, 2019, 01:11:11 PM
 #68

Switching altcoins is the best option if you avoided the high fees. But you need to have research first before choosing which altcoin do you like to use. Just like me before when I was planning to transfer into another exchange. I switched all my assets in Ethereum(I know it is less risk compared other) which is having a small fee while I am transferring the fund into other exchange rather than I used Bitcoin. In that case, I can say that I can save a little amount to cover the fees.
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May 24, 2019, 01:20:01 PM
 #69

BTC is not really for paying in this day and age, that's why some split up to other. but didn't Blockstream themselves kinda say it's a "store of value"

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May 24, 2019, 01:27:52 PM
 #70

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
if its small amount of transaction its really better to to use some alternative





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May 25, 2019, 05:57:36 AM
 #71

You can set the fees lowered than the recommended ones.
If you're happy with the shift with those forked coins, it's your decision.
But I'm staying to bitcoin no matter what other says.
I also support the strategy to stay in Bitcoin and hold it. when it will grow then it will be possible to buy altcoins
There's a better future for bitcoin rather than choosing those copy cats that has been trying to defame bitcoin.
It is your choice to buy altcoins but believing that these alts are way better than bitcoin.
I think that you're missing a lot of things about bitcoin.


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May 25, 2019, 06:01:23 AM
 #72

It depends on your mistakes from the previous. Fee mostly depend on your input, if the input is more, the fee is likely to be high. Why don't you combine all of your input at one before the fee started to raise? In that case, you would be easily payed a little fee.
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May 25, 2019, 06:18:23 AM
 #73

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
if its small amount of transaction its really better to to use some alternative


Indeed, if we want to transfer in small amount, we can use ethereum or Doge. Old coin like Doge very usefull because the price looks stable and transaction fee very cheap. But i dont think bitcoin transaction fee is high and i think its nomal fee
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May 25, 2019, 06:24:05 AM
 #74

So from that use an altcoin whose transaction is low cost. Everyone certainly knows how much it costs for bitcoin transactions. Maybe Doge is one of the many altcoins at a low cost if you use transactions using altcoin. If there is a low cost altcoin, of course, a recommendation from friends in this forum is very much awaited.
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May 25, 2019, 07:52:59 AM
 #75

I feel you thats why I transfer to ethereum too since theres a lot of affordable transaction site to use for it unlike btc. I happen to be inlove using eth's platform already and been trading a lot for a long time already.
All of them are good and for bitcoin, it is not always that we have such issue of high charge and like many of the people have said, this happens when there is congestion, which is why we have some of those altcoins has alternative for transactions that you do in a hurry.

If I am to choose any other coin as alternative to bitcoin when there is congestion, I will choose ethereum more than Bsv and bch that the op mentioned. I dint see anything that those coins offer that is special, if they were in a position of bitcoin too, they would have had congestion too sometime, which will lead to high fee.
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May 25, 2019, 08:29:58 AM
 #76

I got 115 inputs in my wallets right now and when I use electrums auto fee, it tells me that I have to pay 0.01289437BTC -75.3sat/b (~$100) for fees.

I would rather wait 2 weeks and pay 5-10sat/b (no more than $10) to consolidate my inputs. $100 is nuts.

If you guys have many inputs like me, I just made a transaction to consolidate my inputs. I paid 5sats/byte and it took 3 hours to get the first confirmation.

I got another wallet and going to try 2 sats this time.

Reducing the input numbers of your wallets will greatly improve the fees. You should consolidate your inputs every once in a while.


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May 25, 2019, 08:32:56 AM
 #77

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

I think some people don't mind to pay high fees to the network because the amount of withdrawing they made will bigger than the fee itself. Besides that, I think with the higher fee of the transaction, it will get confirmed in a short time and we don't have to wait for long or even days. But it depends on every people who want to use other coins, and we cannot force them to use bitcoin only.
How about a small amount of money, lets say a small player? for which they only transact below 0.01 btc, of course a large fee will be difficult for them. but honestly I don't really care about that fee, there are still many altcoins that have low fees and you can use them for transactions, and I'm comfortable with that
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May 25, 2019, 08:49:26 AM
 #78

How about a small amount of money, lets say a small player? for which they only transact below 0.01 btc, of course a large fee will be difficult for them. but honestly I don't really care about that fee, there are still many altcoins that have low fees and you can use them for transactions, and I'm comfortable with that
I think many people who have used the way you say. where they transact using other assets that might require lower costs. like doge or LTC know the other assets that certainly have cheaper transaction costs.

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May 25, 2019, 09:42:34 AM
 #79

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Mostly bch and bitcoin sv owners causing high fees for bitcoins. They are sending microtransactions to clog the network.

That coins also have low fees because in reality, nobody uses them.

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Wintersoldier
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May 25, 2019, 10:10:17 AM
 #80

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Well, if you are going to send money, don't use bitcoin either. You are just making yourself feel something terrible. But don't blame bitcoin also. It is not just always the purpose of sending money to someone that the bitcoin is focusing to provide its hundred percent potential. I think you will realize when you start trading or investing.
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May 25, 2019, 10:37:13 AM
 #81

Not who does not want. This is the main problem. Therefore, new projects appear on the market which grow over time. And Bitcoin goes like gold into which it is invested for a long time. And they keep capital there.

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May 25, 2019, 12:23:01 PM
 #82

Not who does not want. This is the main problem. Therefore, new projects appear on the market which grow over time. And Bitcoin goes like gold into which it is invested for a long time. And they keep capital there.
new projects are not all bad and there are a number of good projects that can produce good profits.
capital is not too big and can generate enough money, it is a good and economical opportunity.
Altcoin is easy to have because it doesn't require large capital and good movement.

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May 25, 2019, 12:24:20 PM
 #83

Thats why I prefer to use altcoins, because fees in the current BTC network are extremely high and slow. I would rather use LTC or ETH to make my transaction within several minutes, rather than to pay 10 USD and to wait for 5 hours.
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May 28, 2019, 03:01:05 PM
 #84

For this reason, altcoins have become popular. And I can not understand why such a huge amount of money invested in bitcoins. After all, bitcoin is an outdated project with huge fees. Much easier and cheaper to use alticinae. In addition to the minimum fees, they have fast transactions.


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May 28, 2019, 03:24:34 PM
 #85

Bitcoin is surging and transaction price are getting higher ,same thing happened in 2017 when btc hits 18k it became hellish to send low satoshis I think this will be a problem if bitcoin hits higher this time than past ATH ,just imagine if bitcoin hits 50k per btc what will happen to transaction fees?

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May 30, 2019, 05:10:24 AM
 #86

I wrote many times that bitcoin in the future will not be listed as a means of payment - it is inconvenient and expensive.But people do not understand and continue to believe in low-functional bitcoin.


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May 30, 2019, 12:43:53 PM
 #87

I'd better advise you to go for an investment in altcoins, since you, like any other trader, want to make money, and you can make money on altcoins best of all, since they cost very little, but they have a rather high growth potential, so I advise you to look at this mind tokens and already make certain decisions.
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May 30, 2019, 01:03:55 PM
 #88

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Hmmm... this is one of those issues which may never get resolved. And this is precisely the reason why I still keep BCH and BSV in my wallet, although I don't like these coins. In case the exchange rates rise, then we may witness a repeat of the situation that we had in 2017 December, when the average transaction fee was $20 or $25.
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May 30, 2019, 01:10:36 PM
 #89

Why are you bothering with any Bitcoin shitfork? Use LTC.

I sold some BSV for LTC the other day. The exchange I sold the BSV through wouldn't let the LTC go until 200 BSV confirmations. That was nearly two solid days. Boy, that's some real faith in the security of its chain.

My conclusion - the shittest shitcoin in shitland.
many are now switching to LTC and that's the reason why they are moving to LTC. I agree with you that a low fee is the main cause many people turn to altcoin which has the potential to grow high like this LTC.
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May 30, 2019, 01:22:25 PM
 #90

many are now switching to LTC and that's the reason why they are moving to LTC. I agree with you that a low fee is the main cause many people turn to altcoin which has the potential to grow high like this LTC.
I rarely store LTC in my portfolio. sometimes I only use it for transactions to move assets because transaction costs are cheaper than bitcoin and other assets.


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May 31, 2019, 06:00:27 AM
 #91

Thats why I prefer to use altcoins, because fees in the current BTC network are extremely high and slow. I would rather use LTC or ETH to make my transaction within several minutes, rather than to pay 10 USD and to wait for 5 hours.
I have never paid that high and waited for that long for my transactions to be effected, it might just be that the time you were probably making that transaction was when there was congestion which usually leads to high fees and delay of transactions.

Most times that I want to send my transactions over Bitcoin, I make sure that I confirm the status then to be sure we don’t have any form of congestion that could make my fee high or delayed, once I see that we have congestion, I also flip over to coin like LTC and ETH if I have no choice, but on a normal market condition, I would prefer BTC.

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May 31, 2019, 06:08:30 AM
 #92

During the 2017 price spikes, I experience an extreme high fees in bitcoin and it was totally alarming. I couldn't keep up with it so I had to explore every other possible means of transactions to minimize this fees. I had to switch to ethereum and most of my transactions with it. Ethereum also once had such high fee but currently it has bungee worked on I guess.

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May 31, 2019, 03:08:10 PM
 #93

During the 2017 price spikes, I experience an extreme high fees in bitcoin and it was totally alarming. I couldn't keep up with it so I had to explore every other possible means of transactions to minimize this fees. I had to switch to ethereum and most of my transactions with it. Ethereum also once had such high fee but currently it has bungee worked on I guess.

Ethereum had high fees sometimes, but even during those times, it hardly ever got above the $2-3 range. And when the users started complaining about the fee being unaffordable, the developers acted very quickly and found the solution. The advantage with Ether is that the developers don't fight among each other, unlike the case with Bitcoin.
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May 31, 2019, 03:56:39 PM
 #94

I use for small calculations, for example, up to 100 dollars, Ethereum or Waves. These coins are very liquid and I keep them as a means of payment.

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May 31, 2019, 04:02:22 PM
 #95

high fees make you feel bad dude.
maybe you need to strat to choose exchange with light fee or free fee.
some exchange have that feature and it is so useful, you can trade whatever you want with 0 fee.
but for WD is still have a fee.

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May 31, 2019, 04:08:43 PM
 #96

The transaction fees are not that high really it is just less than a dollar but it is really a smart move to move to altcoins if you are for about to use it as regular payment method for everyday for the very much cheaper fee, I personally use litecoin and even dogecoin super cheap much wow for you
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May 31, 2019, 04:28:31 PM
 #97

Bitcoin should be viewed as a means of storing value, and not a means of payment or transfer. Bitcoin is digital gold. You don't pay gold for coffee, right? For this purpose, there is a very good altcoins like nano, bch, and so on.. doge very good, i think.. and Verge (private).

The problem of Bitcoin's scalability has not yet been resolved and commissions with it's price increase will be even more expensive.. The network will lag terribly. This is a sad truth. That problem should be solved by the full implementation of the the lightning network.. Maybe in the future there will be some other kind of new technologies, that will solve the problem of Bitcoin's scalability.
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May 31, 2019, 04:31:48 PM
 #98

Fee is indeed very sensitive for everyone. Because if the fee is very large, people will not do it. Because the fees obtained from each transaction will make people rich if the fee is large. I also make a transaction every time I see the fee first. And I have never used BCH or SV.
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May 31, 2019, 04:38:49 PM
 #99

Fee is indeed very sensitive for everyone. Because if the fee is very large, people will not do it. Because the fees obtained from each transaction will make people rich if the fee is large. I also make a transaction every time I see the fee first. And I have never used BCH or SV.
I think your choice is right because BCH and SV have a fairly large fee. there may be alternatives such as LTC or DOGE coin which have a cheaper fee. it will make your income not cut too large.

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June 04, 2019, 12:20:37 AM
 #100

What high fees are you talking?
bgaf
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June 04, 2019, 12:46:34 AM
 #101

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.

Bitcoin is now on the process of mass adoption, that includes high fees for the matter. Yeah you can shift train, but make sure you will loved it more than btc. BTC is now becoming a legal coin soon that will be serve as a currency and direct gateway for transaction. Yes altcoins have this but btc is more closely on the level of total adoption globally. Also, why youre talking about fees on btc here, I think youre in a wrong place dude.
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June 04, 2019, 06:37:51 AM
 #102

During the 2017 price spikes, I experience an extreme high fees in bitcoin and it was totally alarming. I couldn't keep up with it so I had to explore every other possible means of transactions to minimize this fees. I had to switch to ethereum and most of my transactions with it. Ethereum also once had such high fee but currently it has bungee worked on I guess.
When we talk of high fees, there is always a time this happens which is usually during congestion, and I also move to a reliable altcoins temporarily too till the network becomes free, but we should not be making if feel as if it is every time we experience high fees in Bitcoin the way the OP is making it look like.

Bitcoin transaction is still not that bad even in a congested network compared to other fees we get and I will still prefer to rely more on using Bitcoin for payment except the high fee that is too outrageous which I don’t think any fee charge for BC transaction has ever been over outrageous..
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June 04, 2019, 06:50:37 AM
 #103

No one stops you from ranting and you have the freedom to choose for whatever crypto you will save more fees. It's undeniable that the fees for bitcoin now is quite high and even those low transfers are paying that much.
What high fees are you talking?
https://bitcoinfees.info/

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June 05, 2019, 01:14:43 PM
 #104

I think your choice is right because BCH and SV have a fairly large fee. there may be alternatives such as LTC or DOGE coin which have a cheaper fee. it will make your income not cut too large.

The BCH transaction fee is very low, when you compare it with Bitcoin. Right now, the average fee is somewhere around $0.0011, which is at least 400 times lower than the Bitcoin tx fee. The median transaction fee for BSV is even lower, at $0.001. I am not sure about the transaction fee for LTC/DOGE, but let me know if they are lower than this.
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June 05, 2019, 01:26:38 PM
 #105

I used to be in the bitcoin core crowd but after still paying ridiculous fees recently Ive moved over to bch and SV, I Guess this is kind of a rant, but I dont understand who the hell wants to pay high fees to send money to someone.
Because in bitcoin we’re sure about the safeties of our money,yes it may take long time and high fees sometimes but the security is there
Not like in those shitcoins that you have mentioned in which might die soon and you won’t recover your money,so better make distance on those shitcoins
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June 05, 2019, 04:07:13 PM
 #106

There are so many other token out there that is almost offering zero fees in any amount of sending just make sure to use their platforms. I would not recommend BSV to you, cause there are so many complaints about that token as of this month. If bitcoin really fix or have a solution to this fees then using it would be a lot easier.
Also, remember to make sure that finding other trusted crypto would be not easy.
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