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Author Topic: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨  (Read 1111 times)

Offline Rabia

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♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« on: August 22, 2018, 10:47:47 AM »
90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

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♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« on: August 22, 2018, 10:47:47 AM »

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Offline Dprincebh

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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #1 on: August 23, 2018, 08:03:51 AM »
Yea that's true, those that can transfer Bitcoin without losing more more are those who have the bitcoin in their personal wallet while Exchangers charges a high fee, but other services for transaction accelerators help out and reduce cost, services such as viabtc

Offline emma.lee1890

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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #2 on: August 23, 2018, 11:08:13 AM »
90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money
I hope there is a way to lowering the fee of bitcoin transaction. The current fee will not good for daily transactions

Offline emma.lee1890

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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #3 on: August 23, 2018, 11:09:30 AM »
Yea that's true, those that can transfer Bitcoin without losing more more are those who have the bitcoin in their personal wallet while Exchangers charges a high fee, but other services for transaction accelerators help out and reduce cost, services such as viabtc
It should be done something about that! I personally don't want to wait a week and pay 35% fee.

Offline emma.lee1890

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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #4 on: August 23, 2018, 11:10:45 AM »
Maybe it is the effect of mining banned in China but not sure when this problem going to solve if the price keeps increasing then it is not good for the bitcoin future. This muıch transaction fee is not really sustainable. People will continue to buy due to FOMO and thinking it will go up forever.

Offline Jenny100

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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #5 on: August 23, 2018, 01:34:00 PM »
Has anyone been learning on coinratecap blockchain guide?

Offline Jetski

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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #6 on: August 23, 2018, 02:27:10 PM »
90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

Yes its true and i hope that some one can really help to review its transaction fees to benefit the people who own  small amount of BTC in their wallet.
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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #6 on: August 23, 2018, 02:27:10 PM »


Offline Dinid

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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #7 on: August 23, 2018, 05:22:06 PM »
That's one of the reason why I don't like do transactions using bitcoin.
I prefer use altcoins like stellar, ripple, doge, achain, and so on for transfer purposes.
I just stock my bitcoin on my trusted-local-exchanger, so I don't worry about the fee

Offline Altcoinstalks User

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Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
« Reply #8 on: August 23, 2018, 05:25:01 PM »
That's the scaling issue bitcoin is now facing. The Bitcoin fork Bitcoin cash seems to answer this and also decrease its transaction fee. If you're transacting, avoid bitcoin if possible.

 

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