Re: Transaction fees grow 1300%

The data is very clear. In the past year transaction fees have grown more than 1300%:

https://blockchain.info/charts/cost-per-transaction?timespan=1year
a year ago it was less than 5$ per transaction, now we are close to 70$ on average.

The number of transactions increased ,the bitcoin price increased as well so it`s normal for the transaction fees to increase.Anyway,this chart doesn`t explain anything.What is this 68 USD cost per transaction?
Is this the cost to send 1 bitcoin to some other address for a set amount of confirmation time?
If yes,then 70$ is less then one 1% of the bitcoin price,which is quite normal.

That is still much more expensive than what I pay at my normal bank now for larger transactions

Yep, I have never such fees in Paypal or money bookers, Egold etc as I see a lot of fee is occurring when I am trying to exchange money. It is hard to exchange or pay money someone since so many people exchange little amount of money when they are new to each other, also we are unable to trust other because we all live in different places.

people and investments are raised from world wide, also the price of Bitcoin that made to increase the transaction fee.