Post
Topic
Board Bitcoin Discussion
Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
by
squatz1
on 13/06/2017, 13:32:34 UTC
If you're not in a hurry, you could simply choose a lower fee.

This is something that a ton of people say though it's going to be kind of tough to pay a lower fee when you want something to be going at a semi-normal speed. You'd want to be following a credit card in that sense where the payment goes through instantly and you don't need to wait a disgusting amount of time to be able to pay for it.

But on a TX like this which is $73, you're paying more then 10 percent of it away in fees, this is one of the many reasons that I stopped using BTC and have went back to using my debit card and fiat. I simply take all the BTC I earn and convert it into USD instead of paying high fees and just simply losing money for the sake of losing money. I'm not doing anything shady online so it's not worth it for me to pay these high fees.

Lets hope we fix this congested network #SegWit?