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Author Topic: The future of Bitcoin Transaction fee?  (Read 13754 times)

Offline Muneeb22

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Re: The future of Bitcoin Transaction fee?
« Reply #30 on: February 10, 2021, 06:02:52 AM »
The future of the Bitcoin transaction is good and this time the fee is not so much high and in the future i hope its fee is not high like now this time but the ETH fee is high then the BTC at this time.

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Re: The future of Bitcoin Transaction fee?
« Reply #30 on: February 10, 2021, 06:02:52 AM »

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Re: The future of Bitcoin Transaction fee?
« Reply #31 on: February 11, 2021, 03:12:04 PM »
Bitcoin transactions can be trimmed by using a wallet from Segwit whose address prefix is bc32h and usually only costs 5000 satoshis.
But if we use a wallet of the Legacy type, the transaction costs will be expensive, I also got this information from various friends on Telegram and it is really good to develop.
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Re: The future of Bitcoin Transaction fee?
« Reply #32 on: February 11, 2021, 04:03:37 PM »
Bitcoin's transaction gas fee has increased due to the additional increase in the price of Bitcoin. Nowadays it has become a big challenge. Because small transaction transactions touch the gas free sky. Which is not possible for middle class users. I think this problem should be solved very soon.
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Re: The future of Bitcoin Transaction fee?
« Reply #33 on: February 11, 2021, 05:27:54 PM »
I think that the developers of the bitcoin network should find a solution in the future to reduce the fee for bitcoin transactions. Otherwise, using bitcoin as a means of payment will not be very profitable and people will not use it.
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Re: The future of Bitcoin Transaction fee?
« Reply #34 on: February 11, 2021, 05:36:00 PM »
I think that the developers of the bitcoin network should find a solution in the future to reduce the fee for bitcoin transactions. Otherwise, using bitcoin as a means of payment will not be very profitable and people will not use it.

Yes, I think for now,the big issue is fee transaction. I agree with you, I think the team should solve this problem. Many people have invested in bitcoin and Ethereum, they complain about gas fee.

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Re: The future of Bitcoin Transaction fee?
« Reply #35 on: February 11, 2021, 11:21:41 PM »
The future of transaction Bitcoin may be able to check right now moreover when the price of BTC is also very high, the mining fee will be also higher. This is because the transaction is high and crowded enough so that the condition of the mining system is also crowded. If we want our transaction speed enough, we can increase the fee

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Re: The future of Bitcoin Transaction fee?
« Reply #36 on: February 11, 2021, 11:45:41 PM »
If there is no change in the Bitcoin and Ethereum fees, it will be a problem in the future. I doubt if people think that the fees in crypto are higher than the conventional market. Yep, basically, with crypto, we can transfer the coins in a cheap fee. We need to lower the fees in order to make people feel more comfortable to do transaction in crypto assets.
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Re: The future of Bitcoin Transaction fee?
« Reply #36 on: February 11, 2021, 11:45:41 PM »


Offline Azaleea

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Re: The future of Bitcoin Transaction fee?
« Reply #37 on: February 13, 2021, 12:02:14 PM »
If there is no change in the Bitcoin and Ethereum fees, it will be a problem in the future. I doubt if people think that the fees in crypto are higher than the conventional market. Yep, basically, with crypto, we can transfer the coins in a cheap fee. We need to lower the fees in order to make people feel more comfortable to do transaction in crypto assets.
Certainly. I agree with your opinion. In economic principles we recognize the law of efficiency. And the relatively large cost will definitely make many people consider and think looking for cheaper alternatives, and this can be a dangerous thing for bitcoin.

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Re: The future of Bitcoin Transaction fee?
« Reply #38 on: February 13, 2021, 05:33:18 PM »
Currently, we are forced to accept the problem of transaction costs, LightningNetwork used to be an effective solution, but its capacity cannot help much.
I hope that in the future the Bitcoin community will have a solution that is effective enough to solve this problem. The idea of WBTC could be developed to bring BTC transactions to a blockchain with greater transaction speed and cheaper transaction costs.

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Re: The future of Bitcoin Transaction fee?
« Reply #39 on: February 13, 2021, 10:05:14 PM »
This is a great sadness, which in my opinion will not allow this crypto market to fly further into this growing cycle, I think this problem will be solved thanks to WBTC!
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Re: The future of Bitcoin Transaction fee?
« Reply #40 on: February 14, 2021, 03:18:34 AM »
I think if the Bitcoin price continues to soar then the transaction fees will also be high. This will continue to happen. One way out is if the Bitcoin team made a breakthrough to solve this transaction fee problem.
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Re: The future of Bitcoin Transaction fee?
« Reply #41 on: February 14, 2021, 03:57:27 AM »
I think if the Bitcoin price continues to soar then the transaction fees will also be high. This will continue to happen. One way out is if the Bitcoin team made a breakthrough to solve this transaction fee problem.

Yes, It always be the problem, when the price is increasing, the gas fee increase too. I hope bitcoin team will solve this problem..Becaue  We all see many people complain about the gas fee.

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Re: The future of Bitcoin Transaction fee?
« Reply #42 on: February 14, 2021, 01:15:23 PM »
In my opinion, the longer this transaction fee will be even higher, especially if the Bitcoin price continues to increase. this is actually very unsettling. I hope that soon will find a way out.
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Offline trauchot

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Re: The future of Bitcoin Transaction fee?
« Reply #43 on: February 14, 2021, 05:16:29 PM »
Since the price of bitcoin is constantly growing and more and more people are starting to make various transactions with their bitcoins, and because of this, bitcoin transfers are constantly costing more and nothing can be done about it, you just have to wait for the price of bitcoin to fall and then everything will return to its own places.
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Offline pealr12

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Re: The future of Bitcoin Transaction fee?
« Reply #44 on: February 14, 2021, 06:12:30 PM »
Of course transaction fees will always go higher as btc price escalate, but even at that, I don't think it is as high as eth gas fees, we already know btc has high transaction fees reason why most people turned to eth but unfortunately eth was hiding the true colour of being the network with ridiculous high fees.

 

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