Average Bitcoin transaction fees are mooning! Hitting $55 dollars
Perhaps not quite the mooning people have been hoping for.
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
Pending transactions nearing 300,000, 290,000 as we speak, going up like mad.
The only way to view this as a good thing, is that it perhaps incentivize hodling, as there is no point of transferring Bitcoin. For most people that want to make a transaction $60-70 is way too much. The price is growing exponentially, and in only a few months few people will be able to even move their BTC, as it will be a involuntary store of value. I don't think that's great utility. Even gold and silver is more easily sold and moved than that. At least I can sell my silver on Craigslist without any fees.
Bitcoin cash on the other hand, $0,3
Even bitcoin cash has fallen more than 35%
Well this is my first December of crypto trading. I had heard about decemner dump but had no idea about this sharp dump. Let's see how we manage to hodl and get in 2018.
exactly. after facilitating the insider trading and again attacking the btc network what 's next from our friends at bch? pricewise doesnt quite work for them (except for the bch insider traders which aren't the 99% i.e. us of course) i recommend another tactic next time
This problem is priced into Bitcoin, what will happen when they come out with the solution? Bitcoin Cash has a temporary solution but we will have to wait and see how that coin handles huge amounts of transactions. I still think Bitcoin will win this battle or they will both fail and another coin will become the No. 1. It's hard to see how Bitcoin Cash could takeover from Bitcoin successfully, I don't think they have thought through the consequences.
I think Bitcoin cash could actually take over completely, whereas Bitocin core can't kill cash.
I highly doubt the scaling and fee-issue is priced into Bitcoin. 90% of new investors don't even know what Bitcoin or to an ever lesser degree, what Blockchain is. They just want to get in on the hype.
I've argued before that very few people own Bitcoin, and that is true. But to be honest, the interesting tech here is blockchain and distributed ledger, not Bitcoin per se. Even fewer people own eth, ltc, dash and monero. And even fewer, an incredible small amount of people own low/medium cap cryptos like for instance, Ethos, Substrateum, Zcash, Steem etc.
I DONT think the scaling isse and fee problem is priced into Bitcoin. I think it went to 20,000 on hype. Sure it could go even further if issues are resolved. But BCH has all ready resolved it for quite a long time. And I don't understand the hate against BCH. It's a fork of Bitcoin, and it has every right to market itself as Bitcoin cash and as the true Bitcoin - because it is, if you compare it to the whitepaper.
pretty true...so should we all move into bcc??
With fees increasing like crazy, perhaps, there will be a gold rush to mine bitcoins. I wonder if the time taken to verify transactions will also increase exponentially given the limitation of the bitcoin algo. Then again, it might not be all that worth it to mine bitcoin since you'll have a higher electricity expense.
Very good update news about Cryptocurrency and bitcoin trading market. Thanks for sharing
Yes, that's what I told him I'm taking my article yesterday
It is not only the bitcoin rises but the Hatta fee which will make a lot of money goes to other currencies
Thank bro❤
I did an article on BitCoin ATMs.
The fees on one machine, which seemed to be the average.
Buy: 7.5%, Sell: 8.5%
When BitCoin was at $10,000 the fee was $750 to buy.
The owner got 5%. The ATM company got 1% Coinbase got the rest.
So, the own walked away with $500, the ATM company $100 and Coinbase got $150.
Are BitCoin ATMs A Good way To Get into BitCoin
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