Post
Topic
Board Speculation
Merits 2 from 1 user
Re: High transaction fees affects buyers and seller in payment in bitcoin
by
Sexylizzy2813
on 31/12/2023, 03:43:32 UTC
⭐ Merited by The Sceptical Chymist (2)
I don't really know who or what's the major cause of this high transaction fee and it's very worrisome to the extent that some people have no choice than to go with whatever fee or charges that comes up. It would have been better if we can set a default fee at least we'll know how much we're losing while conducting any transactions.
Business is really slowing down, Bitcoin holders or sellers are losing and there's nothing we can do to get it back to normal, talking about the fee.
Is it that the higher we see Bitcoin price the higher the fee? Because I noticed that ever since Bitcoin price hit $30-40k the fees has never been the same, who's to blame for this current issue and what seems to be the solution?