Post
Topic
Board Bitcoin Discussion
Re: Fees high
by
Latviand
on 27/05/2020, 03:07:59 UTC
Fees typically rise every time the Bitcoin blockchain comes under heavy usage.
The market decides. If you think in terms of fiat money those fees look "high" but if you read them under a Bitcoin light they are fine.
On the long run fees need to sustain the network.

For everything else use dogecoin

Yes, fees are like taxes that it needs just to maintain and sustain the bitcoin blockchain, we just need to accept the fact that it really need its fees to become higher than other coin. What else can we do if it is the most popular cryptocurrency that we are holding, we just need to adapt and understand those things. If you will invest in doge coin, I think that you should adapt on that because it is really hard to manipulate in the market, especially that it is much lower than the bitcoin's value. Fees are important to let cryptocurrency grow and still exist no matter how long we are using it, we need to support and pay the regulators and those taxes so that it will still continue for so many years, bitcoin have a lot of supporters so it is really not an issue.