Quote from: imstillthebest on June 02, 2019, 02:18:44 PM

Quote from: XCANA on June 02, 2019, 02:13:32 PM

Quote from: dmty.0809 on June 02, 2019, 03:08:09 AM

For such a large amount, the $ 5 fee does not mean anything. It's still very cheap and affordable. Maybe if the price of bitcoin is expensive and reaches $ 100,000 it is likely that the fee will increase.

The only justification to what you said is, having a bigger transaction with a smaller transaction fee but the point here is; let assume you have just $10 to transact, what can be the possible transaction fee for this type? possibly, one will see a bigger transaction fee instead of a smaller transaction fee.

The transaction fee will be large if bitcoin value is high so its not a good idea to use bitcoin for sending small amount of money but you can use other lighter altcoins or tokens so that you can only incure small transaction fee charges . High transaction fee of bitcoins is also the main reason on why majority of people only uses their bitcoin for investment purpoes .

Tactically you advise to always convert Bitcoin to altcoins whenever there's a small transaction to be carry out? How long are we going to do such, just to purchase some little items from online stores? Last time i bought an items with a vendor, the fee almost caught hanged but thankgod for a friend who assisted. Bitcoin shouldn't be use as investment purpose becasue it stand for payment method either big or small.