Hi guys,i just wanna knows that why the transaction fee for bitcoins is increasing everyday.Some days before i send bitcoin to a trader the fee was 0.0005btc but yesterday i repeat the
same transaction same amount then the fee was 0.0006 btc.
Please correct me if i am posted in wrong section.
I dont have a lot transaction using bitcoin. I am keeping my bitcoin in exchanger wallet because i can trade with easily. Maybe the fee getting higher because bitcoin transaction in market getting higher than before
In my opinion this is because an increase in transactions in the network of Bitcoin so the Miner would take a higher fee
as first transfer than a small fee. I also rarely transactions with Bitcoin, because I like to save for the long term.
He/She posted this thread on November 2017 when the price of Bitcoin is skyrocketing to the moon and he/she is telling why the price is increasing is because the value of Bitcoin is increasing too on that particular Month and Year. For example, if you're paying a fee of
BTC0.001 Satahoshi's for a transaction to proceed at November 2017 where the price or value of 1 Bitcoin is playing around $10,000 dollars the equivalent value of the transaction fee is approximately $10 dollars and if you are paying that kind of fee at this particular moment where the price of Bitcoin has fallen down to $3,800 dollars the equivalent of
BTC0.001 fees that you'll pay for the transaction at this moment will be around $3.8 dollars and I do really think that this is what the OP wants to point out.
