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[NoLimits15]

Bitcoin transaction fees have increased to at least 2213% by the start of this year. This is due to the fact that more people are making bitcoin transactions now than ever, which means more space is needed and thus the fees rise to given the miners more reward. The transaction fees are now around $6.64 which previously was extremely low.

 

[Josemendez]

What makes the value of the coin to go higher is the volume of Investors most times and this cause the blockchain network to be loaded with transactions so scale of prefence comes in which leads to higher fee.

If actually scale of preference comes to play then people should be allowed to have access to reduced fee and then wait patiently for their transaction to go but this is not the case, as everyone pays the same high fee

 

[sixseight]

It's a bit ironic, Bitcoin dream is to replace the traditional currency, but it wont be anytime soon cause of the high fees. Currency that's not tradeable.

 

[Salina]

Bitcoin transaction fees have increased to at least 2213% by the start of this year. This is due to the fact that more people are making bitcoin transactions now than ever, which means more space is needed and thus the fees rise to given the miners more reward. The transaction fees are now around $6.64 which previously was extremely low.

Yes, they are charging high fee and it's not good for those who want to withdraw little amount of bitcoins. Anyways ,our worry is not considered important because still there are rich people in this world .lolxxx

 

[highspeed]

Can I know what represent the so-called "orphan" blocks of the Blockchain?
(Excluding blocks of the main chain of course)
Thank you.

 

[SCAMEXPOSER]

It's a bit ironic, Bitcoin dream is to replace the traditional currency, but it wont be anytime soon cause of the high fees. Currency that's not tradeable.

The high fee is not something that will last forever it cos the blockchain network is overloaded now and the number bites for transactions to occur has increased.

 

[sixseight]

The high fee is not something that will last forever it cos the blockchain network is overloaded now and the number bites for transactions to occur has increased.

But it's often overloaded, sometimes the fees are too high, it's not good for small amount transaction, the money is wasted on fees alone. But Bitcoin is still a great option for investing

 

[SCAMEXPOSER]

But it's often overloaded, sometimes the fees are too high, it's not good for small amount transaction, the money is wasted on fees alone. But Bitcoin is still a great option for investing

There is need for improvement of the blockchain to be able to accommodate more transactions at a time so that fee can be reduced minimally.

 

[sixseight]

There is need for improvement of the blockchain to be able to accommodate more transactions at a time so that fee can be reduced minimally.

Right, Bitcoin need an upgrade, imagine Bitcoin transactions is fast and cheap like XRP, more people would like to invest in Bitcoin which would increase the price

 

[SCAMEXPOSER]

Right, Bitcoin need an upgrade, imagine Bitcoin transactions is fast and cheap like XRP, more people would like to invest in Bitcoin which would increase the price

It is true , more people would have been engaged in buy and selling at the point that coin is on the rise because some had made gains already while some believe it time to invest more.

 

[UserU]

Imagine some faucet sites charging almost 6 dollars for instant withdrawals. Way more than fiat now, one of them even exceeding the minimum withdrawals of 30,000 Sats