90% of all bitcoin owners have less than 0.1 BTC each
the fees to transfer $100 worth of BTC cost around $25. that is outrageous
that means 90% of the owners cant even afford to transfer their coins without losing a lot of money
the fees to transfer $100 worth of BTC cost around $25. that is outrageous
that means 90% of the owners cant even afford to transfer their coins without losing a lot of money
Yeah, currently that's right. However, BTC is investment tool at present. I think it is not used for payments. It is like a gold - you will never pay with gold
Some exchange wallets like XAPO even worst than others their transaction fees much higher than electrum or blockchain wallets. They used to be free long back but their charges are very high so I almost stop their wallet using.
In general, if this continues like this then many small amount transactions will shift to other altcoins like ETH or LTC.