Quote from: neolexx on November 21, 2017, 10:30:10 AM

Quote from: freightjoe on November 21, 2017, 06:58:26 AM

Quote from: davis196 on November 21, 2017, 06:53:14 AM

Quote from: freightjoe on November 21, 2017, 06:42:50 AM

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

Do You count the price bank fee for managing your account? Do you mean international transactions of in your domestic region?

Yes and yes. That Bitcoin miners drive up the price just ensures the banks remain competitive and there is no need to switch to BTC