The future of Bitcoin Transaction fee?

[Batch18-19]

The way the value of bitcoins is rising, it seems that transaction fee will increase a lot in the future. Because in the case of Ethereum, we have seen that when the price of Ethereum was pumped a lot, Ethereum transactions Fee grew in a very bad way. As a result, no participants were able to transact from the Etherium platform. So if Bitcoin transactions increase for fee, it could be a headache for all users.

[Angel jara]

The main reason why future bitcoin transactions will not be free is that the price of bitcoin is increasing over time. Hey everyone is worried about security. So keep the bitcoin safe in the safest place to keep the transaction free.

[Ak600]

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?

As the price of Bitcoin rises, so does the fee for Bitcoin transactions.  However, the increase in fees for bitcoin transactions is very difficult for customers.  It seems very embarrassing to me.

[Ak600]

The transaction you mentioned is basically a problem but I haven't seen it in Bitcoin. This problem is most prevalent in Etherium. Because there are so many rumors that Ethereum's transaction is free. So I don't think Bitcoin is the problem.

Yes, I agree with you because the increase in bitcoin price will increase the gas fee.  However, it is more common in etherium.  So I don't think that's possible with Bitcoin

[Lukasz]

For now transaction fee encourages holding also it encourages locking your bitcoin in a lending protocol where you are getting like from a savings account some interest on your locked bitcoin and then you can use those funds to be transfered as nano which does not have a transaction fee to wherever you want without a fee

[Bobcrypto]

Yes, saving your bitcoin is a very good idea now that btc is pumping, and a return from saving activities could be use to effect all transaction fees depending on the amounts of btc coins for transfers.
However, I think that the more the increase in the price of btc the higher the transactions fees.

[Mrkadir85]

Brother you have discussed the most complex issue of the transaction at the present time.  Currently the price of many coins including Bitcoin and Etherium has gone up.  This is good news for crypto related people.  But along with the increase in the price of various coins, the transaction fee has also increased a lot. Which is hard news for us.  However, gas fees are highest on Ethereum platforms.  It is often seen that selling a 100 token costs around 50 to 60.  Hopefully this problem will come down very soon.

[robert20]

Yes it is also fearing me that Bitcoin transaction fee can go really high. But i am not sure if by Halving will be able to control it or not.
Developers are making lightning network for drastically decreasing the transaction fee.

[AlviNess]

I think Bitcoin transactions may increase in the future. Because of the current way in which the price of bitcoin is rising, it is only a matter of time before the transaction fee for bitcoin increases.Because you may have noticed in the past how much Ethereum's transaction fee increased when Ethereum's price exceeded.So I shared this information with you from previous experience.

[Dark Knight]

Yes, transaction fees are the biggest problem right now. In 2021 the price off all coins has gone up and so has the transaction fees. This has become a problem for everyone, especially for those who are small bounty Hunters. It turns out that if we earn 50 dollars Frome a bounty project. The transaction fee it's about 25 dollars. This shows that our net cost is not rising. We aur not getting that value of the work we are doing. I think this problem should be e addressed as soon as possible.

[Crypto Guard]

I think the Bitcoin price is still so high, the transaction fees will also remain at the highest level as well. So that in fact these conditions complement each other.

[bitbit97]

The future of Bitcoin transaction fees is unclear. As there are still chances to make a transaction 1 sat/byte. It will takes weeks, if not months for transaction to reach, but it still can be confirmed. Same is as user might set any transaction price and pay for a transaction more than a sum send.

[dodok]

In my opinion, bitcoin transaction fees are expensive, it is true, but that is also followed by a very sharp increase in bitcoin so that transaction fees are also high, but that is not a problem for bitcoin holders but if transaction fees can be reduced or cheaper it is better.

[debra]

If the price of BTC is rising up again, when many more people use the blockchain to have the transactions, I personally believe that the price will be also very high. It dep[dns on how crowded the chain and also the rate of BTC itself.

[Arkann]

as always, the speed and cost of transactions will greatly depend on each other. In addition, it should be borne in mind that the cost of transactions primarily increases with the increase in demand for asset transfers. thus, the more users use Bitcoin and also create transactions, the higher the transaction cost. But this situation will have a very bad effect on ordinary cryptocurrency users, who will plan to use Bitcoin as a means of payment to pay for a cup of coffee.