Post
Topic
Board Bitcoin Discussion
Re: Damn fees!
by
Panfilov
on 25/12/2017, 18:49:27 UTC
I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

It's bitcoin holders reality. Wanted to buy — pay fees, sell — pay fees. You can't but bitcoin on $ 10-25, because it's silly... Fees amount is too high for little transactions.