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Author Topic: The future of Bitcoin Transaction fee?  (Read 13893 times)

Offline Seerge

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Re: The future of Bitcoin Transaction fee?
« Reply #45 on: February 14, 2021, 06:22:48 PM »
Who doesn't want to see Bitcoin's price increase, but who wants to accept high Bitcoin transaction fees?  Even though it cannot be separated, the high price will definitely have high transaction costs.  My hope is that in the future Bitcoin transaction fees will be cheaper than now, despite the high increase in Bitcoin prices.

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Re: The future of Bitcoin Transaction fee?
« Reply #45 on: February 14, 2021, 06:22:48 PM »

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Re: The future of Bitcoin Transaction fee?
« Reply #46 on: February 14, 2021, 06:31:52 PM »
I believe this is a normal trend when Bitcoin rises and the transaction fee rises accordingly. The same situation is now observed with Ethereum, where the gas price reaches new highs, and everyone expected a reduction in commission after Ethereum 2.0, but few people take into account the rise in the price of the coin. in addition, one must take into account the fact that there are a lot of players on the cryptocurrency market and Bitcoin will not only rise in price, but also raise the price per transaction, since the network currently does not have very high throughput capacity.

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Re: The future of Bitcoin Transaction fee?
« Reply #47 on: February 14, 2021, 07:59:31 PM »
As the value of bitcoin is increasing, Transaction fee is also increasing. High fees have to be paid for transfer of low value funds.

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Re: The future of Bitcoin Transaction fee?
« Reply #48 on: February 14, 2021, 09:10:21 PM »
Cryptocurrency has now taken a horrible form gas fee.  The gas fee has made it difficult to tokenize the token because the token costs twice as much as the token that can be sold.  Due to which the token is not going to be sold now and it is under threat.

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Re: The future of Bitcoin Transaction fee?
« Reply #49 on: February 14, 2021, 10:39:01 PM »
I am very worried about this, I saw some people accept WBTC and in that network the commissions are very small, I did not understand the technology, but I think such wrappers will help, the only question is the volatility of the asset!
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Re: The future of Bitcoin Transaction fee?
« Reply #50 on: February 15, 2021, 10:53:53 AM »
Now, Transaction fee is threat for me. Mostly when i going to send BTC, ETH or any ERC20 tokens. If price of btc or eth going to up more, Then, We can't use BTC, ETH for small payment.
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Re: The future of Bitcoin Transaction fee?
« Reply #51 on: February 15, 2021, 01:12:05 PM »
I think the transaction fees for this bitcoin will continue to increase. because indeed the price of bitcoin will also be more expensive. and indeed this needs immediate handling, so that the small investors can also continue to party later.
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Re: The future of Bitcoin Transaction fee?
« Reply #51 on: February 15, 2021, 01:12:05 PM »


Offline LeziT

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Re: The future of Bitcoin Transaction fee?
« Reply #52 on: February 15, 2021, 03:34:12 PM »
I am very skeptical about it.Will bitcoin transactions ever be reduced in the future?I have no knowledge or idea about this so I can't say anything.If Bitcoin transactions are reduced in the future, I think Bounty Hunters will suffer the most.At present tokens have to be exchanged and dollars have to be exchanged with huge transaction fees.Where these works are being done with a lot of loss.

Offline Irfan12@

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Re: The future of Bitcoin Transaction fee?
« Reply #53 on: February 15, 2021, 06:31:22 PM »
You are right that with the increase in the price of Bitcoin, the transactions of Bitcoin will become free and increase. Currently the price of Bitcoin is much higher and at the same time the transaction fee of Bitcoin has increased. At present it takes 4$ to 5$ dollars to make a small amount transaction. At present, the transaction fee has been increased from 40$ to 50$ . I think there will be more transactions in the future.
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Re: The future of Bitcoin Transaction fee?
« Reply #54 on: February 15, 2021, 11:30:50 PM »
This is one of the challenges by Bitcoin from the first time that the fee is always high. Although since Segwit wallet is created, sometimes, we can get a very cheap transaction fee. however, after this bullish time, everything is likely changing and getting higher and higher for the fee itself.

Offline Angel jara

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Re: The future of Bitcoin Transaction fee?
« Reply #55 on: February 16, 2021, 05:17:09 AM »
My guess is that there will be no bitcoin transaction fees in the future. Bitcoin free will increase over time. Because as the price of Bitcoin rises, they will look for a safer way to trade it, which will be a little more free but will give more security.
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Re: The future of Bitcoin Transaction fee?
« Reply #56 on: February 16, 2021, 07:16:58 AM »
Yes, brother, you are right that with the increase in the price of Bitcoin, the transaction free of Bitcoin has also increased. To transfer a small amount, a lot more transactions have to be returned. It has become a big problem. I think this problem should be solved. We are facing many problems in increasing the price of Bitcoin.
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Re: The future of Bitcoin Transaction fee?
« Reply #57 on: February 16, 2021, 08:31:23 AM »
Now the transaction fee is high but i hope in future the fee is going to be low because the coin price go high that time and i hope that time the other ALT coins go high and touches the sky.

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Re: The future of Bitcoin Transaction fee?
« Reply #58 on: February 16, 2021, 08:49:31 AM »
Now the transaction fee is high but i hope in future the fee is going to be low because the coin price go high that time and i hope that time the other ALT coins go high and touches the sky.

Most likely the transaction fee will increase due to the fact that the demand is huge. The higher Btc price the higher fees. Why? Traders and investors need to buy or withdraw Bitcoin at this time.

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The estimated minimum fee for inclusion into the next block is currently 149 sat/byte, which equates to a fee of $14.97 at a price of $44,870 per BTC. Source

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Re: The future of Bitcoin Transaction fee?
« Reply #59 on: February 16, 2021, 09:38:38 AM »
Yes, brother, you are right that with the increase in the price of Bitcoin, the transaction free of Bitcoin has also increased. To transfer a small amount, a lot more transactions have to be returned. It has become a big problem. I think this problem should be solved. We are facing many problems in increasing the price of Bitcoin.

That's true brother,  Bitcoin price is increasing now, we all see the gas fee also increasing ..I think It is normal but really high cost for transaction and trading. I hope gas fee will go down. Because many people complain about it

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