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    Author Topic: Bitcoin fees make me angry  (Read 2444 times)

    • brott
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    December 07, 2017, 02:27:12 PM
     #121
    the value of transaction costs is higher, sometimes irritating, but I think it depends on the provider or the site
    there is a cheap but long process of transaction.

  • DoublerHunter
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    December 07, 2017, 02:50:56 PM
     #122
    I am also disappointed with the fees of bitcoin which is extremely high and because of that, i am being discouraged by the people who are using other way of mode of payment like paypal to stick with paypal because they insist that it is better and much cheaper in service fee than bitcoin that is minimum of $10 fee of any transaction even though you are only sending lower than that amount.

  • Xester
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    December 07, 2017, 02:53:08 PM
     #123
    Quote from: brott on December 07, 2017, 02:27:12 PM
    the value of transaction costs is higher, sometimes irritating, but I think it depends on the provider or the site
    there is a cheap but long process of transaction.

    Well we cannot blame them because the price of bitcoin is likewise very high.  I guess it is just like the price of gasoline that if the price is high then it would also increase its price to gas stations.  Though it is really frustrating to know that you have paid a relatively big amount of money.

  • WUUEX79
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    December 07, 2017, 03:24:42 PM
     #124
    Quote from: Nomteck on October 28, 2017, 11:32:17 PM
    What the hell ?





    Expensive and Cheap, i suppose it depends on the service of this wallet.
    I'm Indonesia, my opinion hasn't changed, i prefer and choose any wallet that i like best, namely Triv.
    Because, Triv makes me feel secure.

  • danherbias07
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    December 07, 2017, 03:26:05 PM
     #125
    Then just let it be or hold it.  Grin
    It is annoying when you are converting it to dollars. But when you are seeing it all thru bitcoin then it is just small.
    Bitcoin price is too high so all those who converts it will really feel the transaction fee. But if you really think of it that is just .001 of a bitcoin or maybe lower.
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  • rotate4all
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    December 07, 2017, 07:59:26 PM
     #126
    https://image.ibb.co/hPtvKb/Capture.jpg

    $13.38 to send a $10 payment (even with that fee, it'll get confirmed God knows when).
    Yup, disabling Bitcoin payments on-site until all of this gets sorted out.
    Even sending it via Western Union is cheaper. Fvckin ridiculous!!

  • Zebra.Guy
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    December 08, 2017, 06:25:03 AM
     #127
    Quote from: nagatraju on December 07, 2017, 01:58:02 PM
    Quote from: CryptosapienZA on December 07, 2017, 12:39:48 PM
    The fees are ridiculous, unfortunately people are currently obsessing about the price and we are negleting this very important aspect. This morning, i was demonstrating to a friend. I have a wallet with 110 USD, so I tried to send 20usd. The wallet said insufficient funds..
    it's incredible...I can't take it...therefore I use bitcoin only as an asset


    Yes it is unbelievable. There are currently 220.000 unconfirmed transactions and that number seems to be growing (yesterday when I checked there were like 160.000 unconfirmed transactions and I thought wow, I coudn't believe it). With 220 000 transactions waiting in a queue no wonder that the fee is so high.

  • TTITA
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    December 08, 2017, 07:05:00 AM
     #128
    Quote from: Nomteck on October 28, 2017, 11:32:17 PM
    What the hell ?

    That's sucks, although we already setup this fees to the recommended transaction fee, but I'm still pessimistic it will speed up our transactions. I had some transaction made since last 1-2 days and still stuck, i checking https://blockchain.info/unconfirmed-transactions, there are still 222,000 unconfirmed transaction waiting on list.

  • strawberrygirl
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    December 08, 2017, 09:05:31 AM
     #129

    Are you saying with the price increase of bit coin?

    Prices will continue to rise. Just be careful not to fall.

  • Vik87
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    December 18, 2017, 04:26:09 AM
     #130
    Now this has became a disadvantage for bitcoin. I think its time we shift to another coins (eth preferably) that has still low mining/transaction fee. Its like you if you convert your small amount if bitcoin, you could even end up getting only half of it, and half to the transaction fee.

  • Dreamchaser21
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    December 18, 2017, 04:29:11 AM
     #131
    Quote from: quocsi on December 07, 2017, 02:08:52 PM
    Yes, the bitcoin value is higher, the value of the transaction fee is higher. That made me angry. Because I think the fee that I pay is not that value. Where is the profit when it comes to fees?

    This is the problem with bitcoin right now, and I hope this will not affect the price movements of bitcoin. I still believe that this thing will resolve soon so bitcoin can go even higher otherwise people will panic and use alternative option, I hope this problem address properly.

  • maxj57634
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    December 18, 2017, 04:29:40 AM
     #132
    This is why people are getting mad about bitcoin transaction with the high fee per transaction and you will have to wait for days just to process it.
    Scalability has been a major issue residing bitcoin hopefully this will be solve in the coming year.

  • TemplarKnightFrank
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    December 18, 2017, 04:37:12 AM
     #133
    You should not be angry, it is the consequence of the value gains you are experiencing. Price is higher, so the fees are higher.

  • darkphoenix2610
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    December 18, 2017, 04:43:51 AM
     #134
    the higher the demand of bitcoin the higher it will cost, when the price goes up the price of fees set high, this is the problem with the other trading site they are pace the price too, and when you trade it on the top trading site the value of it is so high when you widraw nothing left with you i think it is just 75%  of your earn this is the disadvantage of it.

  • GuardiollaJosep1259
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    December 20, 2017, 03:15:57 AM
     #135
    Well yes, you have a point in there. But you know, the level of difficulty in mining Bitcoins has been at the edge lately because of increased Bitcoin demand. The increase is just so much for the miners to handle given the fact that the latter would need to invest in more innovative computers or software that will make their mining business feasible and at par with times. Also, brought about by the increased demand, comes along increased electricity bills. I guess all these factors were put into consideration by Bitcoin miners.

  • romero121
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    December 20, 2017, 03:20:31 AM
     #136
    That's really something users regret to accept. People expect to have a fee that was levied at the time when the bitcoin was getting traded around $5000. Now the price has reached high, the miners get the transaction fee and with the increased price if he goes with the fee as it is when the price was around $5000 what'll he earn. Maybe the minimum seems big, but for large volume transactions we can't complaint.

  • hadveach
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    December 20, 2017, 04:09:40 AM
     #137
    you should use fee fee transaction if you have lots of bitcoin. that's my strategy. because if it is small. bitcoin we will be used up by the fee alone.

  • Reid
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    December 20, 2017, 04:12:36 AM
     #138
    People just dont get it specially the new ones.
    Some of the exchange didnt really change how much it is in bitcoin. It is just that you are looking at it in USD.
    If you really sum it all up it is just the same.
    If you are complaining too much then go find a pool then join with them whenever you will do a transaction.

  • levvv
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    December 20, 2017, 04:20:44 AM
     #139
    Yes, bitcoin transaction fee is high now.

    Have you tried to convert BTC into other crypto, and send, then convert to BTC again ?
    If yes, please share here, lets see how much BTC received in the end.

    Cheers..

  • Protected101
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    December 20, 2017, 04:24:16 AM
     #140
    For me it depends of the price value of bitcoin the charges or fees that we transact.The higher the demand of it the higher fees it will deducted I think it worth it because its worth it by earning a lot of bitcoins.We should  not getting mad because the value is always flactuates and we all know that.
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