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Author Topic: The future of Bitcoin Transaction fee?  (Read 13762 times)

Offline legend45

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Re: The future of Bitcoin Transaction fee?
« Reply #195 on: February 13, 2022, 11:46:12 AM »
As the price of bitcoin is surging higher, I feel that the transaction fees will likely increase and this could be a big challenge. What do you think, will something be done to that as time goes on or it continues the way it is already?

It's the problem for us.
Trader and investors can't do transaction because high gas fee.
Hopefully bitcoin fee will lower, but it seems impossible

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Re: The future of Bitcoin Transaction fee?
« Reply #195 on: February 13, 2022, 11:46:12 AM »

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Offline Biraver

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Re: The future of Bitcoin Transaction fee?
« Reply #196 on: April 10, 2022, 12:24:22 AM »
My favorite project is MetaverseMe, because it mixes past, present, and even future technology:). Despite the fact that it will take extra time, I believe it is necessary, and it will be added to my operation's to-do list.

Offline AndyRuiz

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Re: The future of Bitcoin Transaction fee?
« Reply #197 on: April 11, 2022, 11:24:23 PM »
Bitay has the potential to be great, but they need to strengthen their portfolio and attract much more investor interest. I feel there is no reason for them to fail if they take the proper procedures.

Offline itsme

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Re: The future of Bitcoin Transaction fee?
« Reply #198 on: April 11, 2022, 11:31:37 PM »
I'm a student who used my pocket money to invest in Bitay. I'd want to put my money in a local coin that I've been using alongside BTC and ETH. The watch and win function also makes it extremely simple to earn a local currency.

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Re: The future of Bitcoin Transaction fee?
« Reply #199 on: April 14, 2022, 11:50:39 PM »
Gaming projects are incredibly popular right now, and if BitBrawl can reach its full potential, they will certainly take part. There's a chance to get a big slice of the pie, and I don't think SOL projects will pass it up.

Offline cheezcarls

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Re: The future of Bitcoin Transaction fee?
« Reply #200 on: April 15, 2022, 07:16:27 PM »
The reality is that as BTC price goes high, so as the transaction fees unless when we are using the Lightning Network. In El Salvador, when Nayib Bukele announced that Bitcoin is a legal tender, I believe that businesses are using the Lightning Network in order not for the customers to wait long minutes to get their transactions confirmed. However, fees still exist in the Lightning Network.

Hopefully that one day at least we could see BTC having a fixed low transaction fee rather than just relying on the blockchain network's condition. As long it remains as proof-of-work (PoW) concept, it's now impossible to make the fees lower. If it does under PoW, most likely the transaction will fail.
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Re: The future of Bitcoin Transaction fee?
« Reply #201 on: April 15, 2022, 08:08:52 PM »
Its not looking good for time bitcoin pumping fees will go high may be in future fees can low in future I think this next 1 or 3 month fees can be low we should wait for it.
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Re: The future of Bitcoin Transaction fee?
« Reply #201 on: April 15, 2022, 08:08:52 PM »


Online Bobcrypto

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Re: The future of Bitcoin Transaction fee?
« Reply #202 on: April 16, 2022, 10:19:05 AM »
It is obvious that during the Bitcoin pump, there is sure to be increase in transaction fees at intervals, and fees will continue to fluctuate just like some other networks are doing on the crypto market. I think the future of Bitcoin transaction fee will definitely move up or down wherever there is changes in price at certain period.

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Offline yashwant

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Re: The future of Bitcoin Transaction fee?
« Reply #203 on: April 16, 2022, 04:17:09 PM »
I have transacted in Ethereum. Earlier its transaction fees used to be very low. But a few months ago, if we focus on this, then we see that its fees had gone up a lot. In this transaction was very difficult but now the fee has been reduced.
Maybe the same thing happens in bitcoin. It is difficult to say anything about this.
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Re: The future of Bitcoin Transaction fee?
« Reply #204 on: April 16, 2022, 05:27:52 PM »
I think that there is a possibility that with the release of the next fork we will get a lower transaction fee, as happened when switching from Legacy to SegWit

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Re: The future of Bitcoin Transaction fee?
« Reply #205 on: April 17, 2022, 09:19:50 AM »
I believe the gas fee for bitcoin transactions will not go down because in economic principles, if there is a shortage of supply of an item, it will have an impact on increasing the price of the item. then the transaction fees that are set will automatically increase
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Re: The future of Bitcoin Transaction fee?
« Reply #206 on: April 17, 2022, 02:59:13 PM »
I believe the gas fee for bitcoin transactions will not go down because in economic principles, if there is a shortage of supply of an item, it will have an impact on increasing the price of the item. then the transaction fees that are set will automatically increase

Anything can happen at crypto currency , I believe bitcoin transaction fee will down.
But it depends on the progress of bitcoin at market.
If bitcoin price goes up, we all know transaction fee will up.
Almost all of investors complaint about ERC20 transaction fee, It's also so high.

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Re: The future of Bitcoin Transaction fee?
« Reply #207 on: September 10, 2022, 04:24:44 PM »
As the price of bitcoin is surging higher, I feel that the transaction fees will likely increase and this could be a big challenge. What do you think, will something be done to that as time goes on or it continues the way it is already?

We all know the transaction fee is always depending on  traffic and the price of bitcoin.
At bearish when the trading volume go down, I think transaction fee will go down.
That's my opinion.
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Re: The future of Bitcoin Transaction fee?
« Reply #208 on: September 10, 2022, 05:38:16 PM »
While the price of Bitcoin has risen so much, transaction fees has also increased. There is a problem in giving token sale as the transaction is more fee.

So my question to everyone is that if the transaction is fee, is there any possibility of reduction ??

I think transaction fee is impossible to reduction , because we all see Ethereum 2.0 has been launched but  didn't solve the gas fee problem.
yeah, You're right gas fee is depending on bitcoin price.
that's the fact
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Re: The future of Bitcoin Transaction fee?
« Reply #209 on: September 10, 2022, 05:53:50 PM »
With the power and popularity of Lightning Network, BTC transaction costs can drop to as little as 0.01-0.1 USD in the future and we will no longer need to pay so much BTC for daily transactions. If BTC becomes the official currency in the world, Lightning Network is the only solution that meets the requirements: fast, cheap, convenient and easy to use.
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