Will Bitcoin fees be too high in the future?

[Xerryl]

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

 

[ahmedo24]

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

The transaction fee for bitcoin and other coins fluctuates like you said as regards transactions per block but if the blockchain is improved on such that more transactions can be run per block , the fee will reduce.

 

[Ralphjoe]

The high rate of Bitcoin transaction fees now is giving one a course for concern. No one can really tell if their transaction fees will reduce or increase in the nearest future, it's just a mere speculation. But what I am so sure of is the probably increase in the price of Bitcoin astronomically.

 

[Mandypaul]

The transaction fee for bitcoin and other coins fluctuates like you said as regards transactions per block but if the blockchain is improved on such that more transactions can be run per block , the fee will reduce.

Hmmmm,i don't understand all this,if i want to send out my biznot to another members of this forum,they won't charge me, but i don't know why they can't make cryptocurrencies transaction to be like this,i could have been much better this way for everyone.

 

[Jomarie05]

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.

 

[Chibson]

Of course this will likely happen. Some years back, this was not the case so now it is. The price of Bitcoin and other currencies, will likely skyrocket in the near future as far as their value is increasing by the day. Cryptocurrency is already projecting itself, to be the number one mode of payment in the near future.

 

[jimmann247]

Honestly the charging fee of bitcoin has made me look for other most use crypto to be dealing with, the last time I made a small transaction of bitcoin got me upset, the fee I was charged was so outrageous, I don't think I can continue to bear that

 

[ahmedo24]

Honestly the charging fee of bitcoin has made me look for other most use crypto to be dealing with, the last time I made a small transaction of bitcoin got me upset, the fee I was charged was so outrageous, I don't think I can continue to bear that

You need to keep checking to know when the fee will be much lower to send your bitcoin , the fee for bitcoin and ethereum transactions are crazy. Imagine I lost $9 to ethereum fee yesterday. It annoying.

 

[unhappy triad]

Will the price of bitcoin rise over the years? Yes. Will the fees rise? Yes. But i dont see it rising to the point where it scares users away.
Market forces will tend to regulate it.
There are other cryptos whose fees are still on reasonable side. We have nothing to fear

 

[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.
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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.

 

[GIFTMICHAEL]

Charging high over transaction in the future will definitely make Bitcoin to suffer setback.
I wouldn't conclude that Bitcoin fee would be too high in the future. My kindid advice to them is that they should cut down their fee so that it will not become a normal.

 

[Lyrrex]

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

Yea, that's true. But the transactions fees may not be too high because we now have bitcoin pegg

 

[Mandypaul]

Yea, that's true. But the transactions fees may not be too high because we now have bitcoin pegg

Seriously I don't know the meaning of bitcoins pigg and I would like you to explain to my own understanding of how it work because this is the first time I'm hearing of such, if that will reduce the transaction fee in cryptocurrency transaction I think that will be much better
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Yea, that's true. But the transactions fees may not be too high because we now have bitcoin pegg

Seriously I don't know the meaning of bitcoins pigg and I would like you to explain to my own understanding of how it work because this is the first time I'm hearing of such, if that will reduce the transaction fee in cryptocurrency transaction I think that will be much better

 

[Greatguy1]

The higher the price of Bitcoin rises then the more the transaction fee will be. Bitcoin is not a low-grade cryptocurrency right now. It is in a high range and therefore is charges and transaction will continuously increase- the more it goes high, the more the fee one will pay for transaction. It is still in tandem with current realities in the crypto-currency market. If for instance there's a 1% charge on cryptocurrencies transaction then the high price of Bitcoin will mean transaction fee will be higher.

 

[Kingsley]

There are possibility that the fee could become very high in future, if the factors responsible are not put in check. There are several factors that could lead to it such as government regulations and policies, political instabilities and basically the forces of demand and supply. When all these factors comes into play it will determine if the fee will rise or fall.

 

[Shivay]

There are possibility that the fee could become very high in future, if the factors responsible are not put in check. There are several factors that could lead to it such as
government regulations and policies, political instabilities and basically the forces of demand and supply. When all these factors comes into play it will determine if the fee will rise or fall.

If the government accepts bitcoin as the mode of payment then definitely they will take care of the transaction fees also. I really liked your point . I think if the government acceots then they will take solution of fees too.

 

[Mujahid12]

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 getting increase day by day and I feel that its feeses will increase accordingly the price of bitcoin Because when value of bitcoin is high, the transaction fee also increases automatically.
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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 getting increase day by day and I feel that its feeses will increase accordingly the price of bitcoin Because when value of bitcoin is high, the transaction fee also increases automatically.

 

[Shivay]

As you know the price of bitcoin is getting increase day by day and I feel that its feeses will increase accordingly the price of bitcoin Because when value of bitcoin is high, the transaction fee also increases automatically.
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As you know the price of bitcoin is getting increase day by day and I feel that its feeses will increase accordingly the price of bitcoin Because when value of bitcoin is high, the transaction fee also increases automatically.

Some Exchnages have fixed the bitcoin fees rate , that is why it is really very tough to transact even when the price of the bitcoin is low.
Best are those who have kept the fees according to the current price as it makes easier when price of satoshis are low.

 

[Taiwoayan]

With the trend it will definitely go higher in the future

 

[WhiteHouse]

The fee schedules of most trades are intended to forestall small dealers and exchange bots from stopping up trades and consequently corrupting the experience for everybody.

Since numerous trades have a bigger number of clients than they can uphold, their center is to give the most ideal experience to their high worth clients thus the charge plans are normally intended to debilitate miniature exchanges and support bigger exchanges.