RE: The Bitcoin Vs. Bitcoin Cash Debacle - Jeff Berwick on World Alternative Media

You are viewing a single comment's thread from:

The Bitcoin Vs. Bitcoin Cash Debacle - Jeff Berwick on World Alternative Media

in jeff •  7 years ago  (edited)

If very few people use your coin (by comparison), then taxes will be low.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

right. but normally BTC tax fee is almost 10$ to 12$+ for transaction.
in my opinion we should to invest in other coins now rather than btc.
like Litecoin, doge, eth, eth classic, ripple, bch, steem , sbd etc
What you think ?

I definitely think other coins have much better technologies and fees and deserve to be #1 instead of BTC. However, I used BTC today through the JAX wallet with a transaction fee of 47 cents and it got 6+ confirmations in less than an hour. exchanges and other companies just rip people off with those insanely high fees. They might pay that to process a ton of withdrawals in one transaction, but they make each user pay the withdrawal fee, which is just bullshit.

may be some wallet provides low fees.
my exp was with bittrex blockchain etc.

Bittrex has ridiculously high withdrawal fees for most currencies, well above what they actually pay for a transaction. I really don't like this about them. For some currencies they charge you more than 20 times what the transaction actually costs. They are OK otherwise.

right. Thanks for info :)