Post
Topic
Board Bitcoin Discussion
Bitcoins High Fee Fallacy
by
Mcoinzy
on 20/03/2018, 05:35:06 UTC
Hi guys, I have only recently got into Bitcoin and have been fed this narrative that bitcoin is both slow and very expensive to use. I sent my first transactions to my ledger wallet and to my amazement it was only 0.08$ usd. and showed in my wallet almost instantly. I know things are not as bad as a few months ago from looking at the avg. fee charts, but I was still expecting a few dollars at least, and some people even recently tried to make me believe it would be 10$-20$ and take 5-10 hrs. How did it get so high to begin with? Why is the current public perception that bitcoin is slow and has high fees, when this clearly is not the case anymore.