Bitcoin: 0.1 BTC transaction fee, this is just to much...

in #bitcoin7 years ago

Today I wanted to send over 4.8 Bitcoin and I got charged an insanely high transaction fee:
0.1 BTC ($470 at it's current price). Hooray for full mem pools and hooray for Segwit -_-

Anyways...

Today is all time high day:

  • Cryptocurrency market cap @ all time high
  • Bitcoin @ all time high
  • Nem @ all time high
  • Litecoin @ all time high

Today's news:

  • IOTA, Satoshipay & Evernym
  • Oracle & Hyperledger
  • Shapeshift and the state of Washington
  • Luiz Suarez promotes ICO

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It is too high. That's main Bitcoin problem in my opinion. :/

Yes @dafamousdj some transaction fee is crazy .Answer is here: https://steemit.com/cryptocurrency/@chebee/how-bitcoin-fees-work-and-why-they-ve-been-so-high
Upvoted, followed ;-)

Nice post @chebee: commented, followed and upvoted your reply and your post :)

I'm considering moving away from BitCoin as a payment system, and just using it as a store of value. LiteCoin could work better as a payment system, but I'm cautious about Ethereum.

Yes, agree on the store of value part let another coin act as a payment system

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Hi Levi, ik ontdekte vandaag dat je ook in NL woont. Leuk ! Ik hou mij ook bezig met cryptos en heb vaak je YT filmpjes gezien. In welke stad woon je? Ik zit in Drenthe en Rdam. Gr. Danny

Hoi Danny, klopt. Ow nice, Breda gr. Levi