The future of Bitcoin Transaction fee?

[lepbagong]

The bigger and higher the Bitcoin price, the more expensive the transaction fees are.Because cryptocurrency is spending so much gas fee for the first timeso it's impossible for Bitcoin to behave in a way that would put all cryptocurrency-related transactions

This is a cause and effect thing and a natural thing, where if the price is high, the costs will automatically follow. but bitcoin is still decent compared to ethereum, which in fact requires a lot of transactions with ethereum, but the price is sometimes, with what to be transferred can even be greater in cost. This is of course very unfair if it is related to bounty participants, whose income is already small but the costs are very large.

[gabbie2010]

Bitcoin transaction fees can only be reduced if it scalability issues is resolved by introduction of lightning Network which will FasTrack transactions and lead to drastic reductions in the transaction fees if not resolved the fee will continue to rise as the price of Bitcoin increases

[Rony]

The bigger and higher the Bitcoin price, the more expensive the transaction fees are.Because cryptocurrency is spending so much gas fee for the first timeso it's impossible for Bitcoin It's just that everyone is not aware of these costs because the price of Bitcoin is also expensive and can make yourself forget.

[Afony]

Bitcoin developers are thinking about this problem, how to reduce the transaction fee, or do they still make money on it. Then it is profitable to use bitcoin when its price is low, we will wait for the fall of bitcoin and buy a full cutlet.

[Papusha20]

A few days ago, transactions on Bitcoin were much more fee.  But now the transaction fee has returned to normal.  So now if you transfer token, you can transfer token at low cost or limited cost.  Transaction failures are much lower now than in the past and more likely to be lower in the future.

[whyrqa]

A few days ago, transactions on Bitcoin were much more fee.  But now the transaction fee has returned to normal.  So now if you transfer token, you can transfer token at low cost or limited cost.  Transaction failures are much lower now than in the past and more likely to be lower in the future.

The fact is that the price of Bitcoin is growing and its demand in the market is increasing. the time will also come when Bitcoin will be used in society more often and almost every day. thus, the network bandwidth will be significantly reduced and therefore the transaction price will only increase.

[Riddi]

Bitcoin is the king of other coins in the cryptocurrency market.  The price of bitcoins in the cryptocurrency market has risen at a rocket speed. With the rise in the price of bitcoin, Bitcoin developers are thinking about how to reduce bitcoin transactions and how to make money from bitcoin.

[Hasan986]

Bitcoin transaction fees are higher than before. Not just Bitcoin.  E-fees for all other currencies are currently higher in cryptocurrencies. But the latter can be expected. It will be reduced a lot through updates. Just waiting for the time.

[Arkann]

Bitcoin transaction fees are higher than before. Not just Bitcoin.  E-fees for all other currencies are currently higher in cryptocurrencies. But the latter can be expected. It will be reduced a lot through updates. Just waiting for the time.

The fact is that a decrease in fees on the Bitcoin network can be expected only after the throughput of the BTC blockchain increases. But today Bitcoin is becoming more and more popular in society and transactions on the network are increasing in number. this fact cannot lead to a reduction in the cost of the transaction.

[vegasus]

Yes, the price of Bitcoin transaction fees is too expensive now. I don't know what we can do to the Bitcoin transaction fees. But it is needed to lower the price, it is too expensive for small traders. I also believe that even big traders have difficulties with the current Bitcoin transaction fees.

[Mahindra]

At present Bitcoin has a lot of transaction free transactions which is why investors are in a lot of trouble with transaction free.Reducing bitcoin transactions for free would have benefited all investors.However, I think in the future, Bitcoin's transaction will be reduced to free.

[Honor20]

Popularity is rising seems to be the future of transactions. Free will increase a lot. Currently the most popular cryptocurrency coin is Bitcoin. Bitcoin is called the king of cryptocurrencies itcoin transactions can be trimmed by using a wallet from Segwit whose address prefix is bc32h and usually only costs 5000 satoshi. But if we use a wallet of the Legacy 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

[Quantum X]

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?

I'm afraid it will stay on that way. That is always the normal trend in every kind of project that has a huge traffic and there is no way to change it since everybody in the community is part of it.

[Rafiq]

Bitcoin developers are thinking about this problem, how to reduce the transaction fee, or do they still make money on it. Then it is profitable to use bitcoin when its price is low, we will wait for the fall of bitcoin and buy a full cutlet.

In fact, I am not in favor of the fall in the price of Bitcoin, I want the Bitcoin transaction fee to be reduced. Although the transaction fees for Bitcoin and Ethereum have already dropped significantly compared to a few days ago; However, it has not returned to its former state. My expectation is that Bitcoin transaction fees will soon come down as before and the price of Bitcoin will rise further. If the price of Bitcoin increases, the market of the whole cryptocurrency will increase.

[Rockalo]

Importance of bitcoin is increasing day by day due to the increase in traffic and investment of different users in the cryptocurrency market. So now new users are interested in bitcoin transactions as soon as they join the cryptocurrency market. Bitcoin tops the list of more transactions. So even if a much higher fee is required for future Bitcoin transactions, Bitcoin transactions will not be reduced in any way. Rather the day will improve with the change.