Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transaction fee just 1 cent for 10,000 dollars
by
VitKoyn
on 27/03/2018, 05:55:02 UTC
Now the transaction fee has become such lower that we are now able to send even 10,000 dollars for just 1 cent as transaction fee.

Now the transaction volume has gone down to just 135k transactions per day.

Is this change in transaction fee due to segwit activation or due to decrease in crypto hype which is noticed nowadays?

https://www.reddit.com/r/Bitcoin/comments/87819l/bitcoin_transction_fee_10000_for_1_cent_cheaper/
It is obvious that transaction fees drastically dropped because there are less transaction that is happening per day, less transaction means there will be no congestion of unconfirmed transactions and less congestion means transaction fees will be cheaper. About segwit, when it was released only few people are talking about it and only few services immediately supported it, but when transaction fees became more expensive last year that is the time that people are switching from legacy to segwit address, personally I think that segwit is also one of the reason why transaction fees are now cheaper, because more Bitcoin investors and traders are adopting it.