Will Bitcoin fees be too high in the future?

[Shivay]

This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Right now the median fee is about $10. Afterlots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $20 or more for a transaction. Even paypal and payeer doesn't charge that much.

 

[nwankwovivian247]

From my perspective, I feel it will go higher in future and may experience decrease at some point but not a drastic decrease. As exchange rate has increased over time. It will surely increase in future....

 

[Suba]

Bitcoin transaction fees will not be too large in the future, because transaction fees will be proportional to the income of miners, transaction density and also the price of Bitcoin. So in my opinion it is natural that the transaction fee is up to $ 20 compared to the price of Bitcoin which has reached $ 100.

 

[Nurudeen]

Definitely, the transaction fee of Bitcoin and other altcoin will be high in the future as long as the price of the coin is going up. In the crypto currency exchange Business I think the transaction fee of the coin you are selling is dependent on the price of the coin you are selling in your PLATFORM

 

[Abbas ali]

Because Bitcoin is so powerful and has so much potential, Bitcoin's projected value and estimated growth could be astronomical. Speculation from crypto analysts and industry experts suggests that Bitcoin's long term value could reach over $100,000 to as much as one million dollars per BTC in the future.

 

[Cee C Chriss]

If you want to truly benefit from crypto currency, you will have to think about the long term investment. Short term investment will give you little profit. The best strategy to benefit from crypto currency is to hold them for at least 5-10 years. In 2015, bitcoin was $400, now it is $33K. Look at the price growth in just 5 years.

 

[moonlight]

I think it will go higher in the future from my viewpoint, and could experience a decrease at some point, but not a drastic decrease. The exchange rate has risen over time. In the future, this will certainly increase.

 

[Thosynho]

This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Right now the median fee is about $10. Afterlots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $20 or more for a transaction. Even paypal and payeer doesn't charge that much.

Evidences have shown that Bitcoin will continue to gather momentum. This is because it has continue to grow and beat it's highest level reach always. Although crypto currency is very volatile and fluctuate but it continues to raise most often.

 

[Cee C Chriss]

If you want to truly benefit from crypto currency, you will have to think about the long term investment. Short term investment will give you little profit. The best strategy to benefit from crypto currency is to hold them for at least 5-10 years. In 2015, bitcoin was $400, now it is $33K. Look at the price growth in just 5 years.

 

[Shivay]

If you want to truly benefit from crypto currency, you will have to think about the long term investment. Short term investment will give you little profit. The best strategy to benefit from crypto currency is to hold them for at least 5-10 years. In 2015, bitcoin was $400, now it is $33K. Look at the price growth in just 5 years.

Yeah Brother , totally agree with you. Even i am holding different cryptocurrencies in my coinswitch kuber wallet such as Quark , Vet chain , Tron , Neo and many different unknown cryptocurrencies because no one knows when these Cryptocurrencies go too high.
Can you tell which wallet is best to hold cryotos for 5 - 10 years?

 

[Yewande]

From observation, you'll realize that Bitcoin have been making upward and downward. But the overall movement have been an upward trend. So I believe it will be very higher than it is right now.

 

[LaylaG]

bitcoins and other cryptocurrency is determined by the number of people transacting with that cryptocurrency I think there's a possibility that the in the nearest future the price and the fee of transaction will be much more higher bcompared to the one we are having now that's why if you want to transfer any cryptocurrency converted to a small one and transfer.

 

[Profuk57]

definitely it has the ability to rise but it is tied to the continually rise in stock of bitcoins if it continue to rise speedy then transaction fee is also going rise so therefore a transaction fee of bitcoin prices include writing and future is depending on the right of the forum right now

 

[Shivay]

definitely it has the ability to rise but it is tied to the continually rise in stock of bitcoins if it continue to rise speedy then transaction fee is also going rise so therefore a transaction fee of bitcoin prices include writing and future is depending on the right of the forum right now

I also think so , the biggest disadvantage of bitcoin transaction is its high fees only. When i have to send my money to someone , i swap my bitcoins to Tron and then send it due to the transaction fees.

 

[Profuk57]

I also think so , the biggest disadvantage of bitcoin transaction is its high fees only. When i have to send my money to someone , i swap my bitcoins to Tron and then send it due to the transaction fees.

I think Tron is a better alternative

 

[Ehtisham memon]

Usually now a time this coin value increase day by day and some wants to investing them and some earning this site of coin so I think bitcoin value increase in the future and it's fee also expensive now a time it increase some investment it the bitcoin currency trading market

 

[unhappy triad]

Prices will skyrocket and Will definitely go higher as projected. It will continue to rise for now. Regulating it is a major problem as it is decentralised. I guess if one does not want to miss out on such future prospect getting a bit of it is the best. Other coins will rise and compete with it. I see Etherium rising faster than bitcoin.

 

[Veetos12]

With the unregulated nature of cryptocurrencies, it is possible for bitcoin to rise at a very high rate and at the same time drop down beyond your imagination but to answer your question, it is possible for bitcoin to go higher in future.

 

[Patrik]

i don't think they will, improvement in terms of cryptocurrencies include transaction fees, these if going to improve are going to decrease for sure and not increase, so people can take bitcoin on consideration when dealing with cryptocurrency

 

[Emma Aneni]

Definitely, the transaction fee of Bitcoin and other altcoin will be high in the future as long as the price of the coin is going up. Prices will skyrocket and Will definitely go higher as projected. It will continue to rise for now.