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?
you should exchange to ETH or Litecoin so the fees lower more than use bitcoin
But the problem here is that you will also lose a lot of bitcoin along the way. Just check shapeshift.io and try to change bitcoin-ETH and you will know what I'm saying here.
I have heard that there's LN coming, this has been promoted to really solved the issue. So let's see how it goes.
Dont enter the bitcoin world if youre gonna be concerned about the transaction fees. Two things certain in life, death and taxes. In cryptocurrency, its the transaction fees.
Don't be harsh mate. People complaining here are still in the bitcoin world, continues to trade but at the same time complaining about the ridiculous fees. How ironic, this high tx fees will still be here as long as bitcoin price is going up. But if solution like LN will be put up, we should expect something can be improved in the future.