Its because of the data limit allowed per per bitcoin block (1mb) the more demand for btc the higher the fees. The higher fees are more likley to be chosen to be completed by miners while the lowere fees are going to the back of the queue making the transactions slower. Thats an over simplification but the general idea is there.

not to mention the fuel used to create the coin

Tried bittylicious? you have to time it right but at the moment they're charging about 2% which isn't bad given that btc is still potentially rising.

I am quite new to bitcoin so I dont really get it but I use the bitcoin wallet app and just buy through that how will it work if I started buying from bittylicious will it be the same wallet?

Yeah mate if you buy it from bittylicious you can send it your own wallet and then from there send it to the seller - you could also send it directly from bittylicious straight to the seller and cut out the extra sending fees but it's not recommended to do that often or for big orders as obviously it's tied to your ID.

It takes a bit of getting used to, I'm still kinda new to it myself mate and learning as I go along some months I feel like I've done well others I get caught out by fees or price drops but I think it's just one of them where eventually you get the hang of it lol I hope so anyway! :)

To be honest mate it's way to expensive fees are so high a 3.5 can cost over 50 quid an u have the worry of it not arriving its ashame cos I was enjoying little biggy

I agree mate, I am happy to pay a bit more for top quality bud but the prices are a joke now paired with the rising bitcoin price.

i will try source this for u today
will u mind if it is ozk or zcube
theyre very similar
also they are not cheap, but not a expensive as cali


cheers, THB

ozk is fire man
zcube is fire too im smoking on some now!

Yh I had 7gs of ozk a couple weeks ago all finished now I got it locally but my freind has run out so seeing if I can get z on here or a half

You need to look at why it's surging. Paypal have just announced the will be rolling it out in weeks opening it up to their 2.8 mil users. full roll out by jan 2021. Thats extremely fast meaning the tech is in place. The graphs haven't looked this good since 2017 when it last popped. I would strongly advise to anyone to buy bitcoin and hold. 2021 is going to be full of good news as adoption is getting rolled out behind the scenes globally.

Can't teach the poor pal. Been in crypto for about 8 years these idiots will look back on this and regret it in 18months. The biggest wealth transfer in history is happening in front of there eyes and they cant see it deaf, dumb and blind comea to mind

lol exactly it mate. I didnt want to sound like a dick. But jesus guys buy BTC. We are still technically early adopters here. trust me when I say I'm holding every bit. I tried to tell a group of friends to buy it as soon paypal made the announcement and they wanted me to convince them why xD The general answer was well I dont understand it so im not going to bother. Lol thats the answer in itself, the general population have no idea how to use it meaning you will cash in on their stupidity and ignorance as big companies handle regulation. You will have no choice but to understand it in a couple of years.

You can lead a horse to a well full of money and physically stuff cash in its mouth and it will still spit it out and complain it wants more of the same.

I can't comment with any level of authority or understanding. However, I was advised against it as an investment, by a close friend of mine who works as a professional trader in Taiwan. No flexing, she's a ninja. But, I can't speak from any personal experience of wealth building. People like yourself have tangible, if not purely anecdotal evidence to bring to the table. In terms of investment, crypto is still speculation with no firm backing. We can all earn money from speculation, but it's not where I would put my hard-earned pennies. If you're winning, all power to you. I would suggest attacking people's ideas instead of attacking them personally. Not gambling doesn't necessarily make someone an idiot. Neither does having money make someone intelligent. Horses for courses. Smart phones don't make people smart. It's a funny old world.

bitcoin is pure bullshit and greed the same as every other investment market so it's impossible to know for sure why/when/how but it'll keep going up and then crash "unpredictably". (people like to claim bitcoin is "different" from traditional markets/commodities, it's not. It was supposed to be but it's not).

It makes now a bad time to buy your bud too, buying fees will be higher as people don't want to sell at value while it's climbing by the minute... tx fees likely to fluctuate too so keep a very close eye on those sending fees biggas or you will lose out!

I'm glad we have btc so we can use all these great online sellers but I fucking hate bitcoin itself so I don't have anything useful to add to my rant sorry lmao

Rant away, it’s fine by me! Yeah, bud’s more expensive for now at least, but this place is so reliable that I’ll be sticking around. I don’t want to get too involved in checking the stock market, lol, but thanks for the tip about fees, I’ll make sure to keep an eye on them.

It's just too unstable to risk punting serious money on . There will be a much safer(and less lucrative) investment window along.

Agreed. I buy very small amounts at a time, however crazy it looks right now it could just drop at any time.

Hi zz87..no exactly what your saying about bitcoin prices..fucking crazy !!! I use Bittylicious for coins atm..but noticed today the prices went up at least 10%..extra from last week..just as FreddieLaker says this is a realiable Source to get your bud!!!
Some expensive prices that do go Upwards occasionally!!!! And as for the bitcoin!!If there was another way to pay without using bitcoin .id be as happy as you would be lol..I know a few people that have problems with using bitcoin !!just the way it is atm..and prices we have pay or not having any bud!!! Whats most people's Choices ?...

Guys i'm telling you. Crypto.com when you get one of their cards you are paying almost zero fees on all transactions. You will get stung moving the coin from your own wallet to LB market. But at least crypto.com is less of a hit.

check out the app anyway

Yeah the only reason we have to use bitcoin is because weed is stupidly still illegal thats not littlebiggys fault! hopefully one day in the future we can change the laws and have this site but without the BTC middleman! that'd be cool as fuck haha :D

Well, I’ve just ordered some more bud, so I’ve made my choice, lol, less dosh for boring stuff like clothes etc but it’s ok by me :)

It's a high risk investment, volatile, and definitely not long term. Win fast, lose fast. Steer clear. The big money was made a long time ago with bitcoin. Join the hype train, take your chances.

I have to disagree bud! it's bottom has been reached. it's been stable for months. its forbes 2020 top investment over gold. It's peak its hit before means it can surpass this. when the last bitcoin is mind it will sky rocket. all banks are moving towards adoption. all companies are moving towards blockchain. no matter what crypto is used this will be good for bitcoin as it is the leader and holds most value. any market exposure regardless of the coin is good for bitcoin. paypal will be introducing it to the world. facebook opened up the discussion. We are nearly there. There will be a set group of digital currencies. make no mistake bitcoin is here to stay and has been. its only just the beginning.

You made an investor angry with this comment and they left some lies/propaganda/insults below so I'm just putting this reply here so people can see it before reading the lies.

They claim BTC is the "Biggest wealth transfer in history" ask why do they lie? Bitcoin is worth what ~200billion in total value, that's not even a drop in the ocean and the majority is already owned by investment groups and billionaires so the money is going nowhere except to where it always goes lmao

The sad thing is they WILL make money from BTC so why do they lie? why do they get aggressive? why the hard sell? why are they so insecure that they resort to insults?

Sounds an awful lot like desperate greed because that's exactly what it is, which is the way of the world so I don't judge anyone for wanting to make some easy money but get real please.

"Can't teach the poor" anyone who says that can go back to reddit and hang out with the Americans...

Be poor then I don't give a fuck for once in your life you have a chance to opt out of this shit show of a financial system but your still a slave to the system.

I only use it to buy bud from here so I won’t be investing much at all. Just hope it loses value soon!

Its not crazy to say that it could definitley hit 20k again or even surpass it. Either toward the end of the year or next. Ive been involved with Crypto since 2017 just as BTC was hitting ATH. I was told about all these different coins that were going to do the same and I got superfly fucked when the market crashed back down. Long story short if you are curious about putting money into crypto be careful as the market is unforgiving and full of wankers. Its taken me a while and a lot of time ot educate myself on the crypto market best advice would be to do the same and dont hold anything for long it'll rape your emotions.

I spose my interest is based on how the price of bud has gone up purely due to the rate of Bitcoin. I wouldn’t invest heavily but I don’t want the price to increase so much that I can’t buy from here.

Fair enough. The transaction fee may eventually cost more than the product. My guess is eventually vendors will accept a different crypto possibly Monero (XMR) just because BTC is slow and authorities are getting better at tracing the block. Monero dosent have the same iprivacy issues as BtC.

It is going to do the same it always does at this time of year.
Once again the US fat cats are trying to use it as an investment to make a quick buck at the expense of every other user in the world and once again blockchain are fighting back by raising fees so they cant,unfortunatly it is the person who buys and uses btc to spend who gets the raw deal on fees.
Once we get back into mid January it will drop back to $20k.
So go ahead invest in something that should never be used as an investment because it screws it up for everybody else smh

I think its bottom is the same as march/april if something destabilises the "regular stock markets". However it is definitely a long term investment and i stress long term only... many vendors here prob didn't know where to turn when it hit bottom few months ago but the ballsy 1's in the know held onto it and look at the price now it will continue to rise and surpass 100k in next few years... you could wait for a "catastrophic event" elsewhere to push the price down to get in or you could get in now knowing you have to sit on the coin for a long time. Also you would need to invest a couple thousand at least to see big returns coz u would hope to receive back about 10 or 20 times your investment in the long run... thats how great investments work. Youd be kicking yourself if your turned 50 quid into a thousand instead of a thousand into 20k. You should store your crypto away from the exchange in case they exit scam

Do you guys know about the bitcoin halving which is due in march/April?

Highly reccomend understanding that and how the bitcoin cycles work , we've just come out of the 3 year crypto winter . Previous high becomes the next low , check trading view going back as far as you can , its like clockwork . I've explained in depth to many friends and family to try and help them but they just didn't get it and ive run out of sympathy for them years ago. I've spent the last 6 years learning and preparing for this next cycle with indepth analysis and leveraged every resource I could get my hands on. Trust me when I say , this is still early in another 4 years 60-69k will be the bottom. Like nigel farrage said "you all laughed at me , well your not laughing now" 😆

According to my resources retail buyers are still not in yet which means we are early , the moment they enter we will see a violent move up and this is where we want to unload every cent . Harsh but it's the nature of the markets, in order for you to win someone has to lose take your profits before someone else takes them for you.

The bitcoin halving essentialy drives supply and demand. Everyone can understand that becuase it exists in every type of market that exists
just look what happend to the price of isopropyl during covid. something becomes scarce and it drives the price up . The bitcoin halving does exactly that by increasing the time taken to mine 1 bitcoin (by half) this means it takes longer to mine making it more valuable thus driving supply and demand. Naturally the price of bitcoin will only go higher becuase of this hence the cycle that can be observed every 4 years.

There are only and ever will be 21 million btc in existence therefore it is deflationary by nature unlike our crappy usd/gbp etc where the banks print them like monopoly money causing serious economic consequences

Due to all of this I just can't see a scenario where I don't make money investing in bitcoin .

There is a bit more to it than that but wanted to give the semi short version to you guys to try and help my fellow biggas understand this magic intertnet money we all use here. I encourage you to do your own research of course.

Well why dont you ask all those idiots who invested last year when it went from 20k to over 60k,all the bitcoin guru`s were saying it would hit 100k but did it,no it did not it crashed back to 20k wiping out millions of US dollars that had been invested by idiots who still have not reached the btc value they bought at.
Sorry but i have no sympathy for anyone who invest in btc.
edit if you really want to invest in something then get your money into gold as soon the Chinese will use it to back the new international trading currency in Brics and then it will rise consistently in value.

I bought an oz yesterday, the fees just for the transaction £27 plus fees or loss in value when buying the btc it’s a mugs game but it’s like a cafe in your living room. Let be honest we all pay way more for our smoke on here than we would buying locally

I just tried to buy £29 order the block chain charge was £14... no way will I pay such exorbitant fees. I must apologise to the vendors that I have not completed orders due to this high charge.

I have just tested what fees are for buying £200 worth of btc through trust wallet & moonpay. Total transaction cost would be £211 receiving 0.01843 btc with a value of £191 meaning total fees to purchase would be £20. Then I would probably be charged another 8/10 pound for sending btc payment to vendor.
All in all i would receive £180 worth btc but it would cost me £210. WTF is that all about!!

Buy in bulk if possible my man

I hear ya tried to buy a choco drink frm mj and it tried to charge me 8 quid for a 15 quid order,think il wait before ordering

If by wallet fee you mean the transaction fee then you should be able to set your own, you can do this at least in the Electrum wallet. Lowering the gas fee means your transaction will take longer to process but that shouldn't matter too much. I lowered mine earlier to the lowest the wallet allows (confirmed within 25 blocks) and the gas price was about £2.50. Still higher than normal but far more reasonable than the £10+ gas fee of the default settings to be confirmed within 5 blocks.

Usually a transaction can be considered safe after the first 3 confirmations (for BTC), almost any payment system based on BTC will consider a transaction completed after the first 3 confirmations, what you are talking about, is that if you set a lower fee, the miners will prefer to firstly include the transactions with higher fees (ofc) so there are more chances that you'll wait more (even days) for the first confirmation if you use a lower fee. After the first confirmation has been made, the 2nd, 3rd and so on will be much more faster

Not sure that Bitpanda let's me do this...

Blockchain has been the same....been trying to sort and order and they want to charge £10+ on a £40 transaction lol.

Tbh its stopped me buying atm and if things don't get any better I think its gonna make a lot of people reconsider using btc

Exactly... It's too much

I dont know if it scales up the more you are trying to send or not....otherwise I'd just bulk buy and then it wouldn't be so bad....like if its £10 fee on a £200 transaction thats not too bad (not great still) but at this point I dont wanna buy anymore btc to find out lol.

Same here ahaha bitbanda is asking 13£ to buy 50£..

I tested another wallet called FG Wallet. Tested a 100 quid btc purchase plus sending fees plus currency conversions etc. Nett total charges was about 11.5% after calculations on what i paid vs what i got. hope this helps the thread

It seems Bitpanda has gone back down again .. I have been having trouble too

I believe the best thing for BitPanda users is to load the wallet and keep checking the fees

My transaction fee went from over 14 quid to four ..and I could mentally deal with 4 ...but NOT 14 !

I was trying to make a purchase last night for 0.0025 (2 choc bars and delivery). I had 0.0032 in my electrum wallet and it was saying i didnt have enough funds available. after a bit of fiddling about with electrum I sussed out that there was different settings: static, mempool and ETA. The ETA setting was charging crazy fee's so I changed to mempool and moved the slider down so that I could click pay and it would accept it. with the ETA setting I wasnt about to get it to except. when set to ETA it said the maximum I could send was 0.0022 something.... so in a nutshell when on ETA it was charging very high fees. TBH im such a newb with this shit, but in the end I was able to get the cost of the transaction down to 0.00263075.... then I just left it overnight and it had plenty confirmations... i know you dont have the same wallet but there must be some way to lower to fees like I did in electrum?

The best recommendation would be for us all to start pestering the borgs to move away from BTC lol :P dark sites are starting to move away from it, lb's time will come too!

Digibyte will be a better candidate.

Real fast transactions (15 sec), 5 different mining algorithms, and much more secure than BTC itself.

Don't use a browser wallet....please...especially not for direct purchases on LB. Electrum should do the trick.

Use coinomi, or any other wallet which allows you to manually set the fee. But be careful to not set an amount too low or your transaction will take days to be confirmed, or in the worst case scenario will be "declined" and your BTC will be sent back to you after 15-20 days of waiting in the mempool.

And I highly recommend buying from Bittylicious as they do not have crazy fees while the BTC price is going rapidly up. More info below :

https://littlebiggy.org/link/OXJ2RJ

the charges from coinbase while not cheap do seem more proportionate than others. buy slightly larger quantities. cheaper in the long-run with fees and postage too.

im using Coinbase maybe try checking it out

blockchain was congested af! although you should definitely look into something like electrum which lets you customise the fees

Hey, I was about to get stung by a 10% fee out of my Electrum wallet before realising. Previously it was under 2%! I'm a compete novice with Bitcoin but figure out that you can change the fee (which makes the transaction slower), so changed it and am now waiting to see what happens. Anyone know why the wallet would suddenly start charging so much? Is it determined by what's going on with Bitcoin? God I hate Bitcoin!