When bitcoin Value Rise, also the transaction fees rise and Unbearable! How to evade it?
Bitcoin currently at $8200 marking, and could go up until this week, and possibly for a correction with few days!
How to evade High Transaction fees?
Yesterday, steemback dollars was exploded at $3.5 quickly and stay a little longer at $2.1+, now it's value decreasing to $1.5. This was expected as SBD was designed for $1.
Steem - stay @ $1 each now, we are hoping a possibility that steem could go higher in December if in any chances.
Minexcoin - plummet in an instant $9 each but I missed that priced and its going up again at $11.20
While my bitcoin was stuck at bittrex, not much but 0.01 only, and I wanted to withdraw it coinsph but the transaction fees was still at 0.001 with 400php in value! As bitcoin keep rising its value, the tx fees also rising which is not good!
Redfishcoin - currently at $0.31 now, I am planning that this token to be back by php and be used to convert redfishcoin to bitcoin php with less fees and not 400 php for sure!
So if your holding redfishcoin now, my suggestion is sell it right now as the value is $0.31, and I am aiming 1 redfishcoin for 1 php btc. Not right now, but I am planning it!
Imagine, you have 0.0025 btc (1000 worth of php btc) and it was stuck in bittrex or any exchanger, that when you transfer it to your coinsph wallet, your receivable will be 0.0015 btc (600php btc) with 0.001 btc (400php) going to transaction fees!
The rush into BTC and other alt coins is a direct reflection of FOMO and fear of pending hyperinflation. This trend will continue. Currently, the BTC technical team is working on improving the coin's technical merits in order to maintain its commercial appeal. Lets understand that BTC's technical competitiveness will continue to improve...
Bitcoin keep finding and coding for better specially the transaction fees which is not intented to this high!
In white paper, bitcoin supposed to be used for daily purchasing, peer to peer, without barrier,
let's hope SETEEM will go up as it has lost about 90% of its value in confront of bitcoin in the last few month
in June 9 it was at 2.75$ to go back to those levels it would have to more than double it's price
...but i am optimistic
:)
really nice post
it really is...
Anu kaya pede gawin jan?
Saan kaya tayo makaexchanbe na less yung fees, di yung $8, sayang din yun, saka 400php is 10kls for 40/kls rice.. Haha
hahahahahahahahaha uu nga nmn.. ang laki e..
but what I did....
Steem convert to bitcoin then withdraw sa coins.ph I saw 50 pesos lng ata na fee (bank transaction fee) but makikita ko yan mamaya sa bank pag nag reflect na kung magkano ang charge ni coins.ph
Hoy mga kababayan, nagwithdraw ako mula sa Chain.Group account ko 2 hours ago at dumating sa coins.ph ko intact with fee of only 0.08 USD. Kung magpadala ako ng pera mula sa coins.ph ko papunta sa Chain.Group Escrow Service as investment yun ang malaki fees. Kaya dina muna ako nag additional invesments dun.
Walang problema kay coinsph, ang problema nasa exchanger
Ngconvert ka ng steem to btc, tapos sending btc to coins ph ay 0.001 btc bayad,
Ilan ba fee mo from exchanger to coinsph,?
coinsph fees is not the issue,.
let's hope SETEEM will go up as it has lost about 90% of its value in confront of bitcoin in the last few month
in June 9 it was at 2.75$ to go back to those levels it would have to more than double it's price
...but i am optimistic
:)
I'm pretty positive that steem can go that price again but if not in December, It will be in 2018 as SMT will be launched too
I hold about 1500 STEEM that worth, at the "good times" 0.7 BTC and i hold them ...hopping for good