Post
Topic
Board Bitcoin Discussion
Re: 1 BTC = 250x fees then you will remain with 0 BTC
by
airsounds
on 30/05/2017, 20:20:29 UTC
Fees are not that big lol,fees are still small at this stage of bitcoins fees are getting higher yes but it will not reach 5$ fees or higher than what you are indicating its part of growing and its not a negative sign
Say whatever you want, but the fees are massive nowadays, just imagine if you want to send something small like 0.001 bitcoin that you got from small transactions. The transaction size would be way bigger than just 250 bytes. Take into consideration for example 3 times bigger transaction. So basically if 250 byte transaction costs about 1.25 usd, to send over 0.001 from like 5 smaller transactions in your address you would have to pay 3.75 dollars. That's insane, the fee would be like twice as big as the actual money sent.