bitcoin fees will NEVER come down - page 5.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: treer123 on December 21, 2017, 07:05:00 PM

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?

Because there is nothing else to process so why to not earn X instead of $0?
This is pure supply and demand structure. Miners adjust prices to that, nothing more or less.

LillyPye

newbie

Activity: 3

Merit: 0

Many scientists predicted that it will be raised in the future. I think it can not come down.

MTNAX

newbie

Activity: 283

Merit: 0

I do not think there is anything lasting in this world, one of which is bitcoin. Sometimes the cost of falling and rising it adjusts the market price. The rise and fall in bitcoin prices I think is normal, maybe we can adjust it ourselves. New investors can also be influenced by high bitcoin prices. So I think it's wise to use bitcoin.

Vannie12

full member

Activity: 630

Merit: 130

Seems to me that less fees is a bit inconvenient to the system itself. It needs to generate to enable these transactions. It is just like any other transaction but made faster and I think that is a plus credit about it. More or less, I think it will gradually increase more when it is already taxable.

Main ML

newbie

Activity: 66

Merit: 0

This title is really important. Thanks to Bitcoin we entered a new era.
Many people earned huge bucks thanks to BitCoin.
We started making fast and cheap money transfers with Blockchain. They were all thanks to bitcoin and other coins.

Lucifers

member

Activity: 107

Merit: 36

Certainly going up or down depending on the bitcoin price itself. Because when the bitcoin price at that time is high its fee also go up as more people who transact using bitcoin.

kiumilo0o

newbie

Activity: 81

Merit: 0

I think the bitcoin transaction fee adjustment is very good, at present bitcoin transaction fees are quite high this will affect the psychology of new investors.

snaper14

member

Activity: 243

Merit: 10

if the fees would never come down than in a slightest better coin people would shift into it by leaving the adoption of btc aside, there are many people that wait for it such as the btccash ceo and others.

crypto_Butterfly

member

Activity: 186

Merit: 13

Lightening network and lower fees is on the sides of bitcoin now, I hope it stays like it is right now. It has potential to go cross the previous all time high very soon later this year.

Tduty

member

Activity: 448

Merit: 21

I think bitcoin transactions fees reduced than December 2017, and it's gradually decreasing. I hope in this year, bitcoin will improve in Transactions fees and its speed. In December to March, Bitcoin transactions fee was horrible to me, but now I am almost happy with it.

Pinkris128

sr. member

Activity: 812

Merit: 262

Quote from: jpnl0002 on July 18, 2018, 04:41:20 PM

the bitcoin fees are quiet low the last time i checked and that was less than twenty four hours ago, and the fees stood at nine cents and that to me is really low and good enough for transactions. i don't consider it going lower than that as it is just perfect except on days when there is congestion in the network and you want to be placed on priority list

Yes bitcoin transaction fees was fair now as we see, it was not that high compare to last time that I made transaction. For me the transaction fee was good because the people behind the transaction that we are making also need to get some income from us. But the sad thing was sometimes it was so expensive to the point that half of youroney will be put in the fee.

Shamie1002

full member

Activity: 406

Merit: 102

It is possible that it will increase more.
I think that fees is one of the things that keeps it working and aside from that it may be somehow connected to legality and security too in my opinion.
I think that expecting for less fees brings no justice to faster transactions because we are massive in population. This just like traffic.
If it serves well then I think fees are important.
Not unless LN is available I guess.

kendra1107

full member

Activity: 476

Merit: 100

This is kinda given. As demand increases and supply decreases, transaction fees will certainly increase. People behind this whole thing may have the impression that users don't have a choice but to go through the transactions if they wanna make use of their BTC. So it's kind of a trap. But hey, that's just how things work right?

jpnl0002

member

Activity: 308

Merit: 10

the bitcoin fees are quiet low the last time i checked and that was less than twenty four hours ago, and the fees stood at nine cents and that to me is really low and good enough for transactions. i don't consider it going lower than that as it is just perfect except on days when there is congestion in the network and you want to be placed on priority list

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: cindy wahyuni on July 07, 2018, 09:37:52 AM

if the cost of bitcoin never goes down, why now the price is so far downhill?

He is talking about transaction FEES, not the bitcoin price itself.

Quote from: bitbunnny on May 23, 2018, 06:53:59 AM

Not so long time ago when the Bitcoin price was on the peak fees were a huge problem because they were extremly high.
At the moment fees are prety low and decent. Bitcoin transactions have certain price and the miners need their share so expecting for fees to be zero it's not realistic.
Nothing comes completely for free and so it's the situation with Bitcoin, using it has some price.

It was mostly bad management from exchanges due not adding transaction batching, also major spamming by Ver and co back then was cluttering up the block space, but I wonder how much of a % was legit transaction volume increasing due people FOMO'ing up into he price surge and how much blocks getting full were a cause of the price crash...

cindy wahyuni

brand new

Activity: 0

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if the cost of bitcoin never goes down, why now the price is so far downhill?

Phyton76

sr. member

Activity: 504

Merit: 268

I'm wishing that Bitcoin will never come down. Because the Bitcoin is the only one who can help to have money even though I'm just a student. And also, I'm wishing that the price of Bitcoin will not be down.

Betty10

newbie

Activity: 126

Merit: 0

Well, for the benefit of all, the fee will go down so as to keep alive the ideology of bitcoin otherwise, bankers will mock us. Think of it: as charges drop, more users will come in and that means more btc for miners.

Odlanyer

member

Activity: 350

Merit: 10

I don't really know because bitcoin fees is randomly sometime become increases and sometime decreases if many people are uses bitcoin the bitcoin get high but if little bit of people are uses bitcoin it get down.

bitbunnny

legendary

Activity: 2912

Merit: 1068

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Not so long time ago when the Bitcoin price was on the peak fees were a huge problem because they were extremly high.
At the moment fees are prety low and decent. Bitcoin transactions have certain price and the miners need their share so expecting for fees to be zero it's not realistic.
Nothing comes completely for free and so it's the situation with Bitcoin, using it has some price.

Topic: bitcoin fees will NEVER come down - page 5. (Read 1111 times)