If there was a charge fee in checking in your total Bitcoin values (BTC balance)

[EluguHcman]

Most short-term Bitcoin Investors stays on the watchlist basically checking out on their Bitcoin wallets to see the total values of coins (BTC balance) in their wallets as a result of rumours and speculations  in the crytop marketing industry.
I don't know if this happens internationally but in my country, when you want to use the USDT mobile banking transaction method to process a designated request either you want to check your bank account balance or you are performing any sort of transactions, there is always a charge fee for it.

My question: If such charge fees are applicable that some fractions of BTC would be deducted from your Bitcoin account on the request of checking out your total Bitcoin values (BTC Balance) in your wallet which charge rate is depended on your total values of Bitcoin in your wallet and also considering total number of times you do this balance request, would you still do regularly keep to checking on your Total Bitcoin values to know your faith due to the speculations and rumours on ground?

Me: I think no because, even atleast 1 Satoshi is Worth a treasure not to waste in the air without a profit and so, the whispering of the regular checkups of the total balance would be minimize.

Honestly, I have no problem with this rather I just wished to bring this up for discussion with the fact of being aware about the high tempering pressures of the short-term Bitcoin investors I have known as a result of expectations and of course bitcoins rumours.

[Charles-Tim]

Most short-term Bitcoin Investors stays on the watchlist basically checking out on their Bitcoin wallets to see the total values of coins (BTC balance) in their wallets as a result of rumours and speculations  in the crytop marketing industry.
I don't know if this happens internationally but in my country, when you want to use the USDT mobile banking transaction method to process a designated request either you want to check your bank account balance or you are performing any sort of transactions, there is always a charge fee for it.

You are referring to USD and not USDT which is a stablecoins. You are referring to fiat, United States dollar (USD).

My question: If such charge fees are applicable that some fractions of BTC would be deducted from your Bitcoin account on the request of checking out your total Bitcoin values (BTC Balance) in your wallet which charge rate is depended on your total values of Bitcoin in your wallet and also considering total number of times you do this balance request, would you still do regularly keep to checking on your Total Bitcoin values to know your faith due to the speculations and rumours on ground?

I do not know exactly the usefulness or purpose of this question. But it is worth answering that if you have bitcoin, you have full control, unlike banks that third parties are the ones in control and charging you money through all possible means.

[mich]

Well if there would be a charge to check my Bitcoin balance than I would be paying alot of money in fees. I check my Bitcoin balance every 1 or 2 hours it feels like so I would be paying alot.

But I do not think this is a real thing. That is like if we have fiat in our bank accounts and to check that balance there is some fee. It would not work out and it is the same thing for checking our Bitcoin balance on our wallets.

[CODE200]

Well if there would be a charge to check my Bitcoin balance than I would be paying alot of money in fees. I check my Bitcoin balance every 1 or 2 hours it feels like so I would be paying alot.

But I do not think this is a real thing. That is like if we have fiat in our bank accounts and to check that balance there is some fee. It would not work out and it is the same thing for checking our Bitcoin balance on our wallets.

That would be one way of increasing your anxiety because you never know if you've got your bitcoin intact or that it's a good time to sell already because you don't want to risk paying for checking your bitcoin balance, sure it's not going to happen or that it's not a real thing but we all know that when profits on the line and that someone wants to make a profit out of this and this will become a reality.

[EarnOnVictor]

-snip-
My question: If such charge fees are applicable that some fractions of BTC would be deducted from your Bitcoin account on the request of checking out your total Bitcoin values (BTC Balance) in your wallet which charge rate is depended on your total values of Bitcoin in your wallet and also considering total number of times you do this balance request, would you still do regularly keep to checking on your Total Bitcoin values to know your faith due to the speculations and rumours on ground?
-snip-

This, of course, will dissuade people from checking their Bitcoin balances, nonetheless, it is never feasible and will be another way to discredit Bitcoin if other cryptocurrencies are not charging such. By the way, whose account would they be charging the fee? Miners again? That would be selfish, now we are still talking about their excess income and dominance that is not good for the system, extra fees again? That is gross.

Also, I wonder how this would be possible with the way Bitcoin is structured. Anyone aside from you can have access to your Bitcoin balance and transactions all over the world. All they need is your Bitcoin address or the Transaction ID, so would they now continue to charge the person for all that? That is preposterous.

[kentrolla]

I guess you are talking about US dollars because I haven't heard anything like charges being applied for checking USDT, even if it happens to Bitcoin then obviously people will be paying a lot in the charges because most of the day traders or short term investors will keep checking there balance every now and then as their method of investment requires them to do so and honestly this is something which will never happen only a centralized greedy bankers can think of such extortions in the name of charges.

[yhiaali3]

You mean if your bitcoin wallet takes fees just for watching the balance? This is a really crazy idea, because it will zero the balance without any interest.

It is good that the Bitcoin wallet does not charge fees for viewing the balance, otherwise it would have been a big problem for everyone, including network congestion, because deducting fees means a transaction on the network, and thus we will get abnormal congestion on the network and higher fees again.

[Nrcewker]

Well if there would be a charge to check my Bitcoin balance than I would be paying alot of money in fees. I check my Bitcoin balance every 1 or 2 hours it feels like so I would be paying alot.

But I do not think this is a real thing. That is like if we have fiat in our bank accounts and to check that balance there is some fee. It would not work out and it is the same thing for checking our Bitcoin balance on our wallets.

Absolutely, this is not at all feasible idea. Bitcoins are meant to be decentralised in nature, that is only the owner of the coins can control it. If you want to pay the fees for each time you check the balance, then you have to use a wallet managed by a governing body and it will take the fees. But thank god this is not happening, and you have the freedom to manage the wallet of your own. If this was really applied, then many Bitcoins would have been just wasted in fees only.

[Sebas.tian]

There is no way you can compare Bitcoin with fiat that is control by the government and the government know how to charge those using the currency by charging the users for checking their balance with their phone or system but such thing can never happened to Bitcoin users, because you can check your wallet balance at anytime and you will not be charge of any amount. Those are some of the things that is making president, governor's and senators and wealthy people to be investing their money on Bitcoin because there is no charging for checking your balance in your wallet apart from deposit or withdraw from your wallet that will make them to charge a fee from the service, but checking of balance in your wallet nothing will be charge. But why will you be checking your Bitcoin wallet every one hour or two hours, don't you know that the internet you are using are charging you for the data you are using to be checking your wallet on the time, once you are able to store your Bitcoin in the right wallet, you don't  need to be worry about your coins in your wallet.

[Zaguru12]

There is no way you can compare Bitcoin with fiat that is control by the government and the government know how to charge those using the currency by charging the users for checking their balance with their phone or system but such thing can never happened to Bitcoin users, because you can check your wallet balance at anytime and you will not be charge of any amount. Those are some of the things that is making president, governor's and senators and wealthy people to be investing their money on Bitcoin because there is no charging for checking your balance in your wallet apart from deposit or withdraw from your wallet that will make them to charge a fee from the service, but checking of balance in your wallet nothing will be charge. But why will you be checking your Bitcoin wallet every one hour or two hours, don't you know that the internet you are using are charging you for the data you are using to be checking your wallet on the time, once you are able to store your Bitcoin in the right wallet, you don't  need to be worry about your coins in your wallet.

We are still getting this whole thing mixed up even the fiat checking of balance that OP talked about they don’t charge for fee if you’re checking the balance either through ATM or through your bank app. The time when you are charged for checking your account balance is only when you use the USSD code which is not paid to the bank but to your network provider.

As for bitcoin it can not happen because bitcoin transactions are stored publicly and since every full node runner has access to all this information if a particular wallet actually charges for the checking of balance then another node runner will definitely provide it for free to everyone that’s part of the beauty of decentralization. Take a look at this fee bumping issue, some wallets do not actually support it while others do so it’s not a problem.