Post
Topic
Board Speculation
Re: High transaction fees affects buyers and seller in payment in bitcoin
by
Sexylizzy2813
on 01/01/2024, 19:39:25 UTC
Do you think there's an answer to this high rate of fee?
I don't think there's an answer but let's say there is an answer to all these issues going on, the question is how can we make it to be in place like to favor us, like before?

The only solution at a personal level is not to make low-value transactions. In another thread a fellow forum member claims to have done a $50 transaction paying a $15 fee. That's crazy and if I'm going to have to pay that fee I'm not going to send any transaction under $200.

On the other hand, we can not know for sure but I think the fees have to end up moderating because at some point the fashion of paying high fees to fill the blockchain with spam will end.

Is really going to be hard for those of us that have little to send like you said someone sent $50k and I can imagine the fee being $11k or $19.9k. I was even thinking it would be more effective when you have something like $500k and the fee would be higher but that doesn't matter if you have to do a higher transaction or not. This system is going to make many traders and investors to make decisions they never planned on making.
It's better it comes to an end before the end of this week because many are seriously crying for this issue to be resolved or come back to normal and if that happens I feel it will be a nice way to start up the new year 2024.