Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Zed0X on May 04, 2021, 05:09:56 AM
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If you've been postponing moving your BTC, now is your best chance to do it. All the issues that happened in China which affected the miners had been resolved and everything's back to normal capacity.
According to https://mempool.space/, fees could go to as low as 4 sats/vbyte. Take advantage of this chance.
(https://i.ibb.co/JRNCw58/Untitled.png)
I plan to bump this thread when fees becomes low.
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Yes sir you are right I agree with you. Because in the past Bitcoin fees cost a huge amount. But now it is back to normal. Tokens can be transferred only if there is no more fee. And more fees are likely to be lower in the future.
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One could speculate that the "sudden outrage" was a manipulative move the artificially "dump" the price even further for what the indicators and TA was showing anyway but fees on this level are acceptable still with BTC at 150 k it is going to be expensive to move BTC
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Yes sir you are right I agree with you. Because in the past Bitcoin fees cost a huge amount. But now it is back to normal.
How did you go from Bitcoin fees to token? BTC is a coin.
Tokens can be transferred only if there is no more fee.
Errr There are only a few coins that you can transfer at zero fees. All tokens requires some gas to be transferred in a decentralized network.
And more fees are likely to be lower in the future.
Nobody can tell.
One could speculate that the "sudden outrage" was a manipulative move the artificially "dump" the price even further for what the indicators and TA was showing anyway but fees on this level are acceptable still with BTC at 150 k it is going to be expensive to move BTC
Miners turning off their rigs to fake the outage doesn't make any sense. Why would they even want to play the manipulation game when they want to sell their mined BTC to the highest price possible?
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If you've been postponing moving your BTC, now is your best chance to do it. All the issues that happened in China which affected the miners had been resolved and everything's back to normal capacity.
According to https://mempool.space/, fees could go to as low as 4 sats/vbyte. Take advantage of this chance.
(https://i.ibb.co/JRNCw58/Untitled.png)
I plan to bump this thread when fees becomes low.
You are right, I agree with you.Reducing the cost of BTC transfer is a little more convenient for all of us.Because of its cost, coin transfer has become a huge problem for everyone.Considering the rate at which investments are being made on Bitcoin, I think there is a risk that many more costs will be reduced in the future.I personally certainly hope that the cost of Jane BTC is greatly reduced.
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Considering the rate at which investments are being made on Bitcoin, I think there is a risk that many more costs will be reduced in the future.
What risk? How is cost reduction risky?
I personally certainly hope that the cost of Jane BTC is greatly reduced.
Jane?
Please try to improve your English using online tools such as Grammarly. It will help you a lot (seriously).
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Fees are very low once again at 4 sats/vbyte
(https://i.ibb.co/cYtxsxJ/Untitled.png)
It's the best time to consolidate your funds (in BTC).
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In the past, during bull run or when the price of BTC is moving higher we can expect congestion in the network resulting into high mining or confirmation fees. But this time except for that brief incident in China, everything seems to be normal. I think we are now seeing the stability of Bitcoin when it comes to fees. The same thing can not be said with Ethereum, sadly. Kudos to Bitcoin and let's hope that there will be no incidents that can be creating the impetus for the fees to rise up as high fees is actually a big insult to the very cryptocurrency market we are in. Fees should be low and transactions fast.
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Currently, token transactions in Bitcoin or cryptocurrency cost less. But in the past, a few days ago, the fees were very high, which became the biggest obstacle in the transaction. But now the fee is very low due to which huge benefits are available now.
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After increase of BTC transaction fees, i have totally postponed Bitcoin transactions. Last 6 months, i have made only Ethereum, BNB and TronTRC20 transaction by avoiding Bitcoin. Although i only transfer Ethereum for ERC20 but most of the time, i also avoid it. Now BSC is the most preferable transaction method. I have saved small amount of Bitcoin in my Blockchain wallet and i have forgotten it for high transaction fees. I will try to move it if lower fees works till now. Thanks for informing us.
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Low transaction fees over the Bitcoin network continues.
(https://i.ibb.co/Lv4n6gf/Untitled.png)
After increase of BTC transaction fees, i have totally postponed Bitcoin transactions. Last 6 months, ~
There are many times that fees have dropped to around 10-25 sats/vbyte ($1-$2) in the last six month. They are way lower than standard Ethereum transactions. You just have to know when it mining difficulty is adjusted and when mempool is usually less congested.
Currently, token transactions in Bitcoin or cryptocurrency cost less.
There are no token transactions on Bitcoin.
~ I think we are now seeing the stability of Bitcoin when it comes to fees.
It's not the network stability but the machines used for mining are more powerful now and has higher hashrates compared to the early days.
Fees should be low and transactions fast.
You cannot always assume this will happen on a decentralized network.
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Now the situation with cryptocurrency gas fees is very good. Gas fees are much lower if any token is transferred. The amount of cryptocurrency day transactions has increased a lot due to the current low cost of gas fees but when there were more tokens there would have been much less transactions due to higher gas fees.
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Yeah we're here waiting for a good timing when trading Bitcoins because of that skyrocketing fees. But yeah still my question is that does transaction fees be back to a dollar or less or it is just a dream?
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Yeah we're here waiting for a good timing when trading Bitcoins because of that skyrocketing fees. But yeah still my question is that does transaction fees be back to a dollar or less or it is just a dream?
How effective will Bitcoin be used as a means of payment in a person's daily life if the transaction fee is even $ 1? When it comes to buying bread or a cup of tea, who can pay $ 1 per transaction?
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Yeah we're here waiting for a good timing when trading Bitcoins because of that skyrocketing fees. But yeah still my question is that does transaction fees be back to a dollar or less or it is just a dream?
How effective will Bitcoin be used as a means of payment in a person's daily life if the transaction fee is even $ 1? When it comes to buying bread or a cup of tea, who can pay $ 1 per transaction?
I pay € 25 for every Fiat transaction I make with my elders. All of this within Europe but not within the EU.
In comparison, the crypto transaction is much cheaper. And there are even transactions that do not cost anything
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~ But yeah still my question is that does transaction fees be back to a dollar or less or it is just a dream?
The 3 images I posted are literally less than $0.50 You must have been still asleep when you were posting here.
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How effective will Bitcoin be used as a means of payment in a person's daily life if the transaction fee is even $ 1? When it comes to buying bread or a cup of tea, who can pay $ 1 per transaction?
Right now, paying in BTC for a bread or a cup of coffee is less than or equal to the fees when you pay in Doge. As you know, people have always been saying that fees on Doge are cheap but that's because Doge itself was too cheap (before).
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For a brief moment, fees dropped to as low as 1 sat/vbyte. I thought I was trippin' when I saw that but Yes, you read that right. With Doge pumping, ETH and BSC networks clogging up, transactions over the Bitcoin network are cheaper.
(https://i.ibb.co/bKswsVY/Untitled.png)
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According to https://mempool.space/, fees could go to as low as 4 sats/vbyte. Take advantage of this chance.
From this picture I see that the smallest "LOW" is only 4sat/vB but after I checked directly on the website https://mempool.space/, it turns out that now it has gone up again to 16sat/vB, really an impressive irony.
It has become a very large increase because it is almost 4x the increase when you want to move Bitcoin.
But of course at other times these costs will change over time, or maybe even decrease up to 1sat /vB for the cheapest cost.
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From this picture I see that the smallest "LOW" is only 4sat/vB but after I checked directly on the website https://mempool.space/, it turns out that now it has gone up again to 16sat/vB, really an impressive irony.
It has become a very large increase because it is almost 4x the increase when you want to move Bitcoin.
But of course at other times these costs will change over time, or maybe even decrease up to 1sat /vB for the cheapest cost.
Where's the irony? When you understand The transaction fee is driven by the consumer demand within the limit of the Bitcoin protocol (10 mins. block time), you won't see the irony from the 4 sats/vbyte to 16 sats/vbyte.
Right now, the fee is around 20 to 60 sats/vbyte after the latest difficulty adjustment.
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The amount of gas fee cryptocurrency has been high for a long time. Because the amount of gasfee received is not going to be assumed that if the amount of gas continues to increase, then cryptocurrency transactions will stop. Because selling a token costs three times more than what is available, the biggest hurdle is the gas fee.
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The amount of gas fee cryptocurrency has been high for a long time. Because the amount of gasfee received is not going to be assumed that if the amount of gas continues to increase, then cryptocurrency transactions will stop. Because selling a token costs three times more than what is available, the biggest hurdle is the gas fee.
You should at least learn to differentiate a token from a coin. Gas fees are usually associated with Ethereum or Neo and not with Bitcoin which is the topic here.
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That's good news but I believe we have problem with eth fees. Eth consument grow bigger every day and many platform using it, but if btc can do it that's great. Still wait eth 2.0 but if btc have lower fees I'll leave eth.
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Soon the fee is low in the future and i hope that time the BTC price go high so much because still the big bull is not start when the big bull is start that time the BTC touches the 200,000$.
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High transaction fees have created a very complex problem in the cryptocurrency market at present. In the current situation of the market, we are not in favor of encouraging anyone to pay high fees or paying extra fees. The signature should change the situation and arrange for a lower fee. The situation in China was very normal and it has been resolved now, so we are all in favor of paying a very small fee. We hope that this problem will be solved in the future.
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It's that time again when mempool isn't that congested and you get transaction fees under a $1
(https://i.ibb.co/7QpQW7D/Untitled.png)
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For bitcoin, this is a very stable transaction fee and can even be transferred even cheaper, compared to other platforms, bitcoin holds its bar. It can be seen that bitcoin improves and develops its product so that it is available to every user.
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Fees cheaper on a weekend as expected. Best time to send those BTC.
(https://i.ibb.co/rfrDM5b/Untitled.png)
edit:
Even better
(https://i.ibb.co/T4rc9H1/Untitled.png)
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The fees of Bitcoin are sometimes very dropped, but sometimes it is very high s that I can really get the new coin listing there but there is no hope for most people.
Now, we are heading to the time when the market is down enough like in a bear trap and we can expect for about this
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Here we go again
(https://i.ibb.co/Nr78579/Untitled.png)
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In This moments Bitcoin fess are cost lost. But in the past, the fees were very high which became the biggest obstacle in the transaction. But currently the fee is very low due to which huge benefits are available now.
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Fees remain low. Sent again using a non-custodial wallet at 3 sats per byte.
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For some time in the middle we could not transfer more tokens due to lack of gas fee. Some tokens are being transferred due to low gas fees and other tokens could not be transferred at that time. Gas fees have been exorbitant.
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Now the gas fee for transferring tokens to cryptocurrency is not much higher. Because of the extra cost, the cryptocurrency is on the verge of destruction. Thus, if the amount of gas fees had been increased for a few more days, the cryptocurrency would have suffered huge losses. So of course the amount of gas fee is getting much lower now.
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(https://i.ibb.co/2SRqg01/Untitled.png)
Now the gas fee for transferring tokens to cryptocurrency is not much higher. Because of the extra cost, the cryptocurrency is on the verge of destruction. Thus, if the amount of gas fees had been increased for a few more days, the cryptocurrency would have suffered huge losses. So of course the amount of gas fee is getting much lower now.
You don't know what you are talking about. First, gas fee is not for Bitcoin - it's for Ethereum and other alts. Second, transaction fees do not directly affect the price of a certain coin and it won't cause it's downfall - just take a look at BTC and ETH. Another thing is that fees aren't controlled like what you're saying in your last sentence.
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Previously, when the bull market or the price of BTC rose, you could expect high pull or confirmation fees due to network congestion. But this time everything looked fine, except for a brief incident in China. Now, I think we are looking into the stability of Bitcoin in terms of fees. Sadly, Ethereum cannot say that. We respect Bitcoin and hope that there will be no incidents that could lead to an increase in fees, as high fees are actually a huge insult to the cryptocurrency market of which we are a part. Fees should be low and transaction speed should be high.
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Chinese Government clamping down on Bitcoin miners had caused a drop in hashrate that's why we're seeing congestions in the network. As a result, fees have gone up to 30-60+ sats/vbyte (approx. $1-$3).
The next difficulty adjustment is expected on July 1. We'll see if more transactions clears that time which would help reduce transaction fees.
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(https://i.ibb.co/7RLsxWh/Untitled.png)
Fees are low once again!
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Mempool is almost empty which means you can now send or consolidate your inputs for as low as 1 sats per vbyte!
(https://i.ibb.co/N7W4MGp/Untitled.png)
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Bitcoin (Low) Fee Monitoring Bitcoin's price is determined by buying and selling Bitcoin. Those of us who work with Bitcoin know the market very well about Bitcoin. Just as you can get rich quick by working here, you may also have to leave the market due to a little mistake.
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What is meant by Bitcoin fees is that Bitcoin's gas free is currently very low. Bitcoin gas fees are determined based on the Bitcoin market. Just as the price of Bitcoin goes up and down, it can be seen that the SP of Bitcoin always goes up and down. How many of us who sell bitcoin then how many times do we sell bitcoin. I buy and sell bitcoin when the price is very low.