Will Bitcoin fees be too high in the future?

[Shivay]

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.

I also think so , they should have fixed the amount of fees on the bitcoin transactions but they change it accordingly the price changes . If fees remains constant then definitely it will be a bit easy on the huligher price of bitcoin in trading.

 

[redpogi16]

Eighteen days before the third year anniversary of its previous high, Bitcoin reached a value of $19,857.03. It began the year around $7100 and by October, it was already exhibiting an amazingly profitable year.

Renewed interest was sparking, and financial experts had started making amazing predictions from late spring. By the summer it was becoming clear that crypto and digital currency would have a huge role to play in the new global economy.

BTC started November at $14,000 and ended it with a bang. Monday’s peak was followed by an expected devaluation. By Thursday trading had gone down slightly with exchange data showing only $990 million in trades versus Wednesday’s $1.3 B and November $1.5 B average.

However, this time around people are not expecting a crash. In fact, both enthusiastic and cautious investors are predicting significant gains for Bitcoin in the next two years.

 

[iamgroot]

In my opinion and based on what I see, the reason why bitcoin transaction fees are high compared to other coins is because of its high value. I think the same will happen with coins that are not yet so high in value.

 

[Ojonuyo]

Absolutely yes, the fee for Bitcoin is increasing every day, so I would not be surprised in the future when the price is very high that it takes only the richest group of individuals to buy one Bitcoin. But not withstanding you can give it her coinbase system a try such as litecoin and altcoin.

 

[Shivay]

Absolutely yes, the fee for Bitcoin is increasing every day, so I would not be surprised in the future when the price is very high that it takes only the richest group of individuals to buy one Bitcoin. But not withstanding you can give it her coinbase system a try such as litecoin and altcoin.

When it increases , old Investors will be familiar with that fees , but the newbies will definitely be surprised after watchinv that their fees his high than the amount of bicoins they want to send

 

[Dowenship]

You see nobody can determine what could happen in the future we can only predict. Who knows another Crypto can rise to the point of running bitcoin down and which its transaction will become less than expected our bitcoin keeps the front line of ask crypto. But we all wish for the best

 

[Shivay]

Y

You see nobody can determine what could happen in the future we can only predict. Who knows another Crypto can rise to the point of running bitcoin down and which its transaction will become less than expected our bitcoin keeps the front line of ask crypto. But we all wish for the best.

Correct , We should really wish for the best!
I wish that someday bitcoin touches its lowest end and i get opportunity to buy at least 0.05 bitcoins and keep it for some long term investments . I will really be awesome then .

 

[Niftyyem]

The gas fees are presently an headache and we may not even be able to know if this will continue in the future or not but with what I have observed, the higher the btc price goes, the higher the numbers of transactions which translates to higher gas fees.

 

[LaylaG]

High bitcoin transaction fee is what as cause bitcoins not to be used as a normal mode of transaction in Some online site and that is also what I've been discouraging me from transferring bitcoins as mode of payment to another person, I don't see the possibilities of bitcoin's Fee reducing in the future.

 

[btaliat]

Transaction fee of a coin is always determined by the price of that coins. So I won't be surprised if the transaction fee of bitcoins and other altcoins grow higher as a result of increment in the pieces of these coins in the nearest future.

 

[ahmedo24]

High bitcoin transaction fee is what as cause bitcoins not to be used as a normal mode of transaction in Some online site and that is also what I've been discouraging me from transferring bitcoins as mode of payment to another person, I don't see the possibilities of bitcoin's Fee reducing in the future.

The bitcoin transaction fee is going to be on the rise except there is expansion in the blockchain network to allow more transactions per block because the more busy the network is the higher the fee.

 

[Onachukwu]

Over the years there has been an upward movement in the price of bitcoin which is still trending in an upward position. As it stands now bitcoin would continue to increase as time goes by as it has always been in the past years

 

[Shahid Abbas]

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.

As you know, the price of bitcoin is going up day by day, so I think that the transaction fees of bitcoin can also go up. It is very likely to be possible and we see more such things in the future it depend that the fee of bitcoin how much increase.

 

[Olaoluwa Abraham Abiodun]

Based on past experiences on the increase Bitcoin. Yes the price will be high in the future

 

[Shivay]

As you know, the price of bitcoin is going up day by day, so I think that the transaction fees of bitcoin can also go up. It is very likely to be possible and we see more such things in the future it depend that the fee of bitcoin how much increase.

Yes , if the fees will be very high in the future then i think that the easy and the best alternative will be to swap bitcoin into those cryptocurrencies where the fees is low like litecoin and tron . It will the way the fees can be taken low.

 

[LaylaG]

The bitcoin transaction fee is going to be on the rise except there is expansion in the blockchain network to allow more transactions per block because the more busy the network is the higher the fee.

yes , that is why I said there is still a huge amount of transaction fee in bitcoin transaction in the nearest future because there will be a alot of transaction because more people will come into cryptocurrency in few years to come, that is why cryptocurrency may not be a normal transaction currency

 

[ahmedo24]

The blockchain network just need to be expanded for us to achieve the low transaction fee on bitcoin network and ethereum blockchain network at the moment because they have the highest fee.

 

[Shivay]

The blockchain network just need to be expanded for us to achieve the low transaction fee on bitcoin network and ethereum blockchain network at the moment because they have the highest fee.

I want blockchain official wallet to decrease the amount of fees they charge on satoshis for each of bitcoin byte , as it will seriously help the traders a lot, many people are finding it difficult due to so much high price of the fees.
I think blockchain does something about that.

 

[Gilead]

Of course it will be. But fortunately so will the value of bitcoin and any other crypto currency. As we grow and develop economically, inflation sets in and there's increase in everything so it's quite normal for the fees to be high as well but relatively with the value also.

 

[Mandypaul]

I don't think there's a possibility that the price of transaction fee in bitcoins and other cryptocurrency will reduce because the transaction fee is examined by a factors beyond our control, like the numbers of transactions occurring in a particular block chain. I don't think that is possible