Quote from: Netnox on August 27, 2017, 05:02:17 PM

Quote from: stevebc on August 27, 2017, 04:42:32 PM

Quote from: helloeverybody on August 26, 2017, 08:55:49 PM

The higher the fees climb the less use cases bitcoin will have. Im sure already a lot of people dont even want to move bitcoin about due to the fees. To get around it any trades ive wanted to do ive had to do with alts and then change back to btc, not the best work around. Is this what bitcoin was destined to be?

I've not dabbled in alts....is there no fee to buy BTC with an alt?

If you convert BTC to alt, the maximum fee may be 0.1% or 0.2%, depending on the exchange. So many of the users are converting their BTC to alts such as BCH and ETH, and withdrawing these alts to another exchange using a low fee. Once the coins are deposited in the second exchange, they convert the alts back to BTC. The overall fee may be 1%, which is better than 4% or 5% which we need to pay while exclusively using BTC.

Interesting, I guess that makes some good sense for smallish transfers - with the bigger transfers $5 bucks not being much percentage wise.
So people are unofficially doing off chain transactions - they don't want to wait for Lightning to make things cheap!