Why are fees so high?

Ticker

1 BTC = $23014.92 USD  (via Coinbase)
1 ETH = $1636.02 USD  (via Coinbase)
1 LTC = $96.95 USD  (via Coinbase)
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Kryptous

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Would it be possible if everyone just started sending with super low fees that everyone with low fees would get confirmed? It's a joke if I'm trying to send 100 dollars to a friend and it wants to pay 2.30 dollars to get it sent with "hope" to get it there in under one hour! No joke I could pay a fee with Paypal and have it instantly sent! It seems like logically instead of fees going up when btc value goes up that the fees would reduce in (size)??

edit 1: What I don't get is why is it that if I were to send the same amount with the same fee it "may never get confirmed" when this order is being sent only 1-2 hours later? Do fees go up that crazy fast?

https://gyazo.com/71ede7f92ffbd010a1e8b221346e87da

submitted by /u/Boneyg001
[link] [comments]

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $23014.92 USD  (via Coinbase)
1 ETH = $1635.70 USD  (via Coinbase)
1 LTC = $96.95 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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