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Author Topic: The future of Bitcoin Transaction fee?  (Read 14094 times)

Offline raisajahan

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Re: The future of Bitcoin Transaction fee?
« Reply #135 on: March 30, 2021, 01:52:16 PM »
The popularity of bitcoin is growing day by day but its not necessarily to increase the transaction fees of bitcoin. Because there are many new investors and traders are starting their business in the crypto market. When any one new in the market he or she will never invest a big amount first of all he or she will invest a little amount then the large transaction fees discourage him or her to enter into the market. So increase transaction fees is not good sign at all for crypto currency market also bitcoin. So its need to update the blockchain technology so that the transaction fees will never exit range of little investor. 

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Re: The future of Bitcoin Transaction fee?
« Reply #135 on: March 30, 2021, 01:52:16 PM »

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Re: The future of Bitcoin Transaction fee?
« Reply #136 on: March 31, 2021, 07:43:59 PM »
The amount of bitcoin transactions currently available is fairly satisfactory. However, if Bitcoin's transaction fee increases further in the future, it will be additional transaction fee Hopefully Bitcoin transactions won't grow as much as Fee Ethereum.
I also think that the current Bitcoin transaction fee is tolerable or satisfactory. Bitcoin's transaction fees are quite satisfactory, especially compared to Ethereum. Bitcoin's popularity and number of investors are increasing day by day; Now if its transaction fee goes up, it will have an impact on investors. So my expectation is that the Bitcoin transaction fee should be kept at a tolerable level at any cost.
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Re: The future of Bitcoin Transaction fee?
« Reply #137 on: March 31, 2021, 07:54:56 PM »
The current amount of transaction fees will not be the case in a few days.  Changes will come as the current platform has been decentralized from centralized so much is being spent.  Gas fees will return to normal.
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Re: The future of Bitcoin Transaction fee?
« Reply #138 on: April 03, 2021, 02:58:07 PM »
Transaction fees are currently being slashed due to the good cryptocurrency market.  After a while the transaction fee will no longer be charged.  The transaction will return to normal later.
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Re: The future of Bitcoin Transaction fee?
« Reply #139 on: April 03, 2021, 06:02:04 PM »
The current amount of transaction fees will not be the case in a few days.  Changes will come as the current platform has been decentralized from centralized so much is being spent.  Gas fees will return to normal.

Yes, I hope gas fee will return to normal..Because I think Ethereum price is increasing, I think It is the reason why gas fee is so high. But I hope Ethereum team will have good solution for it.

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Re: The future of Bitcoin Transaction fee?
« Reply #140 on: April 05, 2021, 06:17:31 PM »
Bitcoin prices are rising very fast. At the same time, the amount of free Bitcoin transactions is increasing.When the price of Bitcoin was 12,000,$ Bitcoin transactions used to cost a maximum of 1$ to 2$.And now the price of Bitcoin is around 60$ thousand and now the transaction free takes much more than before.I think Bitcoin's transactions may decrease a bit in the future
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Re: The future of Bitcoin Transaction fee?
« Reply #141 on: April 05, 2021, 07:10:21 PM »
Bitcoin is a digital currency that already exists Has gained a lot of popularity all over the world.And what is the best of cryptocurrencies is Bitcoin.But now Bitcoin's transaction free has been increased.And the price of bitcoin has also risen enormously.So I think bitcoin in the future Transaction free will be brought to a flat level.
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Re: The future of Bitcoin Transaction fee?
« Reply #141 on: April 05, 2021, 07:10:21 PM »


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Re: The future of Bitcoin Transaction fee?
« Reply #142 on: April 05, 2021, 10:25:06 PM »
I do not think that bitcoin transaction gees will decrease in the future except the price go down. As it stand, the price of btc is trending between $57k to $59k as at the time of writing this post; a situation that will also affect the fees. I think that the higher the fees the higher the transaction fees now and may be in the future. We may not experience low transaction fees in as much as btc keep rising.

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Re: The future of Bitcoin Transaction fee?
« Reply #143 on: April 08, 2021, 06:00:35 PM »
Bitcoin is a digital currency that already exists Has gained a lot of popularity all over the world.And what is the best of cryptocurrencies is Bitcoin.But now Bitcoin's transaction free has been increased.And the price of bitcoin has also risen enormously.So I think bitcoin in the future Transaction free will be brought to a flat level.

I think the bitcoin gas fee will increase when the bitcoin price increase. As many people said thats normal..Why must be complain..Because It will happen as long as the market is green and going strong . that's my opinion.
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Re: The future of Bitcoin Transaction fee?
« Reply #144 on: April 09, 2021, 03:11:13 AM »
Currently everyone is in a dilemma due to the extra cut in gas fees. Because small bounty hunters and small investors have a lot of problems. Everyone is speculating that gas fees in the future Cut less. Many are frustrated by the extra cut in gas fees. We all hope that the officials will discuss this issue in the future. Everyone is speculating that the gas fee on Bitcoin will come down one day.

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Re: The future of Bitcoin Transaction fee?
« Reply #145 on: April 09, 2021, 11:21:34 AM »
Yes, and one of the solutions in cutting btc possible higher gas fees in near future is just convert to other cheaper blockchain networks to move your coins. In my opinion, many blockchain networks will help to reduce the effects of higher btc, eth gas transactions fees across the crypto space will definitely be a huge options.

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Offline Tnoy30

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Re: The future of Bitcoin Transaction fee?
« Reply #146 on: April 09, 2021, 11:21:44 AM »
Bitcoin is much more expensive so the transaction fee will be a bit higher. However, these fees are normal in the digital ecosystem. Lots of bitcoins are traded every day. The digital ecosystem representing bitcoin transactions is growing. Bitcoin transactions at traditional banks are on the rise. Bitcoin is currently in high demand.

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Re: The future of Bitcoin Transaction fee?
« Reply #147 on: April 12, 2021, 10:57:07 AM »
Due to the rapid rise in the price of Bitcoin, the transaction fee may also increase soon.  I think this could be a big challenge.  What is your opinion on this?  What are you thinking about it?  Something will happen over time.  Thoughts should be thought of as time goes on.

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Re: The future of Bitcoin Transaction fee?
« Reply #148 on: April 13, 2021, 03:30:19 PM »
No, Bitcoin still has the best hope of continuing to grow in the future because it has something called mass adoption.
Just look at Wrapped Bitcoin from erc20 and bep20, where this adoption is great for all Bitcoin transactions that can be trimmed using fees from bep20 or Binance smartchain and will be cheap about the first time it was sent.
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Re: The future of Bitcoin Transaction fee?
« Reply #149 on: April 13, 2021, 04:40:42 PM »
In my opinion, the transaction fees will not reduce it will also increase with bitcoin increasing value. But I always convert my Btc to any coin that has less transaction charges to transfer and that way I sell my BTC. We have the option and we should use these options to avoid paying high gas fees. I don't know transaction charges of BTC can be controlled or not but as far as I understand it can not be controlled by anyone.

 

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