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❕NEWS Massive Bitcoin movement - Low transaction fee

AudraMiller

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When it comes to the bitcoin cryptocurrency i think that the one concern that has always existed in the bitcoin community was the fact that there is a lot of money that is spent on the transaction fees of bitcoin and this is a major concern. With the traffic on the network being extensive there were times that bitcoin transactions costed in excess of 40 dollars for a single transactions, which is ridiculous. However this has come down considerably since then. in recent news a 2 million dollar movement of bitcoin took place recently, and this large transaction only had a transaction fee of 78 cents. What are your thoughts on this?
 

Mariappa45

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That's wonderful to see that BTC gas fee which is too exorbitant have been slashed down drastically low which is pleasing to investors especially the small investors.
 

ElPaule

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When it comes to the bitcoin cryptocurrency i think that the one concern that has always existed in the bitcoin community was the fact that there is a lot of money that is spent on the transaction fees of bitcoin and this is a major concern. With the traffic on the network being extensive there were times that bitcoin transactions costed in excess of 40 dollars for a single transactions, which is ridiculous. However this has come down considerably since then. in recent news a 2 million dollar movement of bitcoin took place recently, and this large transaction only had a transaction fee of 78 cents. What are your thoughts on this?
I think the fees should be even less. If this is a few satoshi per transaction, the money will still made by the pure amount of transactions that will happen. but greedy miners prefer the other way around
 

BullyMaguire

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If Bitcoin will be a legitimate currency it definitely needs the lowest fees it can so people will consider using it. Because why would people use it if fiat is better
 

Niftyicon

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It is quite surprising that I could see few cents as transaction fees for bitcoin but on sighting this post, I tried sending my btc from Coinbase to binance and I was pleasantly surprised. I hope this continues even when btc is at its peak.
 

Wisdom01

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This is surprising , because I know that the fees are mostly high most especially when the person doing the transaction is sending a large amount of Bitcoin , or the transaction time would take time for it to be executed , because of the low fee
 

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