Topic: bitcoin fees will NEVER come down (Read 1091 times)
I do not think that now the payment for transactions is too high. If it remains at such a level as it is now, it will be acceptable for me.
I think bitcoin will still be there when it's down but not too long will go up again because everyone believes in bitcoin so much
it is a choice, the transaction is calculated with time and cost, if the cost gets bigger, then the transaction becomes very fast, and if the cost is small, the transaction will be slow. how if miners increase their fees. then the transaction maker also has choices other than bitcoin. this is one of the ways to keep using bitcoin.
true if the cost is greater the transaction speed will be faster. And usually the transaction costs are small will be slow
It is necessary to understand that the cost of transactions in a very strong degree depends on what the costs are borne by miners while mining bitcoins. If the cost of mining bitcoins will be reduced, then the price of transaction costs can also go down.
For a long time already, big businessmen engaged in crypto-currency mining. This will allow the crypto currency to live long, to have low commissions. So for mining choose something else, instead of bitcoin.
In the new era of civilization the bitcoin fees will never come down in a section of trading or other purpose where the bitcoin value is much importent for the future development for anyone.
Fees are like tax in the cryptocurrency. It is where the intermediary get there income. It is like a brigde in which you need to have to pay for the access. This is what the fees purpose. Well if it will not be gone then probably it is better if it do not go woth the flow or rise along with the bitcoin market for it to be benificial for everyone.
Unfortunately I have to agree with your statement, moreso I think after some time people will move towards projects supporting Tangle where transactions don't cost anything and are much faster.
I agree with you, bitcoin fee will not decrease. bitcoin fee will depend on bitcoin price. Charges can continue to increase under the growth of bitcoin. I believe in the near future the growth of bitcoin is very strong. Therefore, the bitcoin fee will continue to increase
think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
Yes, I think what you say's true, cost's one of the factors that make most investors go away from bitcoin and switch to several other altcoins or maybe also go to other commodities, for example bonds, stocks, gold, and silver.
it is a choice, the transaction is calculated with time and cost, if the cost gets bigger, then the transaction becomes very fast, and if the cost is small, the transaction will be slow. how if miners increase their fees. then the transaction maker also has choices other than bitcoin. this is one of the ways to keep using bitcoin.
I hope there should be a way of regulating transactions fees for cryptocurrencies. When I bought my first bitcoin, the transaction fee was cheaper, it is rather unfortunate it keeps increasing with time.
the bitcoin expenses are tranquil low the if I'm not mistaken and that was under twenty four hours prior, and the charges remained at nine pennies and that to me is extremely low and sufficient for exchanges. I don't think of it as going lower than that as it is simply flawless aside from on days when there is clog in the system and you need to be set on need list
yes it is true I checked bitcoin fees everyday but its fees will never come down.and iI believe that bitcoin fees for me is reasonable and it will not decrease.
yes, if you are a bitcoin miner. The bitcoin will higher and higher
and never go down. im sure of it.
and never go down. im sure of it.
think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
What exactly do you refer to by "developers already being pressured to behave in ways that I dare not repeat"? Why and what do you not dare to repeat? Are you under an NDA or what?
With that said, you seem to be forgetting that there is, or at least should be, competition between miners for transaction fees. And while at certain times Bitcoin miners could actually take liberties of choosing which transactions to include in the block they found and which to ignore, this is no longer the case now as the transaction queue is in reasonable limits and most if not all transactions get confirmed pretty fast. And the said is even truer with respect to currencies other than Bitcoin. Their network processing capacities are underutilized, so there is no economic reason for miners to ignore transactions in order to raise the fees as they can't raise them on their own, only indirectly by deliberately choosing not to confirm transactions. But in these conditions skipping certain transactions would mean someone else will include them and receive the transaction fee. Basically, it is the same market laws at work here as everywhere else.
Honestly, everyone with BTC before the fork was given equal value in BCH in wallets, so now the choice is yours, use BCH to move smalls transactions fast and cheap and use BTC for storage of wealth or sell off BTC and go balls deep into BCH.
I have both but my coins are all BCH, and a nice amount of BTC was liquidated into BCH and even a few new coin.
I have both but my coins are all BCH, and a nice amount of BTC was liquidated into BCH and even a few new coin.
According to previous fees, I think Bitcoin fee is low enough! Bitcoin transaction speeds faster than before, Overall it is improving. Bitcoin fee will decrease more in the future. In December, Every bitcoin withdraw from cryptopia exchange cost was Almost 20 USD! In Satoshi, it is still lower than December. So, I do not agree with you, mate.
Bitcoin fees don't need to come down, even if we reach $10 average fee that's still pretty amazing for a huge transaction, which would otherwise cost $40+ sending by international bank transfer, moneygram, western union etc. Bitcoin doesn't need to be the be-all and end-all of cryptcurrencies, so long as it fulfills at least a single purpose better than any of its competitors then it will do great.
Bitcoins transaction system is very much secure and also very fast so that it charges a little more and I think it deserves it but I also hope soon it will come down.
yes hopefully the cost of bitcoin can go down. because the longer the cost of getting bitcoin is always high. so for transactions we have difficulty in costs.
Well if you've seen the fees end of last year, then obviously it has gone down considerably. A lot of factors may have been in play. Segwit, ln, or just the fact that btc has been in a decline since then. But the transaction fees today are much acceptable than it was then.
I do not agree with your view that bitcoin fees will never down!
Lightning network of Bitcoin is to set up a channel outside the Bitcoin main chain. The user's currency exists on this channel for fast payment. Since the transaction actually takes place outside the lightning network channel and outside the blockchain, you only pay a small fee. This is one of the main advantages of the Lightning Network.
Lightning network of Bitcoin is to set up a channel outside the Bitcoin main chain. The user's currency exists on this channel for fast payment. Since the transaction actually takes place outside the lightning network channel and outside the blockchain, you only pay a small fee. This is one of the main advantages of the Lightning Network.
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