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Originally Posted by onemoretimes
Technically you are right. However right now, the more btc is worth, the higher the fee you pay. Hopefully they'll lower the fees to account for the rise.
The fee structure will be fixed soon. Core developer Jgarzik had this to say about it:
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It is widely agreed that the default fees need to be adjusted.
However, standard disclaimer: bitcoin is not, and never will be, a micro-payment or micro-transaction network.
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Perhaps the solution can also be a de-centralized sub-network that works similarly as BTC that deal with smaller transactions and only charge the standard fee when pulling out?
Yes, this is called "off-chain transactions" and it is a very good, very realistic solution. No matter how much bitcoins scale up, there will always a market for micro-payments and micro-transactions. It is predicted that micro-payment services, bots and networks will appear to handle this use case.
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Originally Posted by BABARtheELEPHANT
Big finance noob here but what happens when there is a 15 usd gap between buyers and sellers. No volume is made ? Or most people buy instantly and it doesn't show up in the order book ? (talking about BTC-24 btw)
Do not use bitcoin-24 to buy in USD. That exchange has the deepest EUR market, but the USD market is non-existent. Only ~100 bitcoins get traded on that USD market every day. Use bitstamp for USD trading.
Bitcoinwatch has a list of all the exchanges and what volume they are doing. Notice how far down the list btc24usd is. If you hold a currency other than EUR or USD, use Currencyfair or Transferwise to wire to Bitstamp at super cheap currency exchange rates so you can trade on the USD market
To recap:
How to buy bitcoin: Wire money to
bitstamp for USD or
bitcoin-24 for EUR. Use
Coinbase for US accounts buying under 1k per day. For amounts over 100k use
localbitcoins,
TC, the
currency exchange forum, or
mtgox. If you need bitcoins fast, use bitfloor and make a cash deposit to their BofA account
like this poster. If you only have skrill, 2p2ers will do it for <5%. If you hold a currency other than EUR or USD, use Currencyfair or Transferwise to wire to Bitstamp at super cheap currency exchange rates. If you are new to bitcoin, make sure you have read the
Bitcoin FAQ and
Bitcoin Myths.