Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transaction fee just 1 cent for 10,000 dollars
by
amih
on 27/03/2018, 06:29:08 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/
I personally think that the current decline in bitcoin prices is one factor that could lead to low transaction costs due to the current decline in bitcoin prices because if we think logically this will have the effect of diminishing people who will make a profit on a large scale and try to see in a few months ago when bitcoin had a very pantastic price when it made a lot of people make big profits so there was a segment to reduce the network traffic transactions are continuously done. and I think if bitcoin prices rise again like at a price in the past few months then I think the cost to make a transaction will definitely increase again.