Hey crypto buddies. So much confusion going on in market.
i’ll try to cover it and help you understand the situation.
It's like a civil war between BTC & BCH.
Half of the mining power of BTC has been moved to BCH(bcash) chain by miners and in a reaction to this, BTC chain is having bottleneck situation at the moment. There are many BTC transactions pending.
TIME TO DECIDE!!!
To make an instant transaction, BTC network is demanding very high fee.
To make an instant transaction you'll have to pay,
for $1-$265 transaction you'll have to pay $12 to miners
for $266-$325 mining fee is $21
for $326-$348 mining fee is $29
for $460 mining fee is $80
(As per blockchain wallet)
So, why so high transaction fee for transferring bitcoins?
Reasons:
Less mining power left to process low fee transactions, so your transactions will take hours.
BCH(bcash) have a better solution for this issue if we put this much transactions on bitcoin cash chain. So, many investors are trying to move to it.
Right now BTC have less transactions per second score when compared with it's competitor payment processors like VISA and MasterCard. So, a real digital money should move quickly, not in hours actually. The issue we are facing with bitcoin's transaction delays is giving us the best answer about scalability.
How it can be fixed?
BCH works on ABC(Adjustable Block Size Cap) algorithm. Which makes the chain perform transactions in less time and with less fee. So, as a speculative investment BCH(bcash) is the best Crypto Currency right now.