Yes it can reduce once they consider it. If there will be a huge demand they can consider to reduced all transaction fees in order to attract new investors to invest in their company.
It is a win-win situation to the investors and the company as well.
Topic: bitcoin transation fee can be reduce??? (Read 623 times)
Yes the transaction fees can be reduce if there is they consider the request of investors. If this thing happen, there will be more demands occur to come.
The rise of Bitcoin fees is one of the huge problems of this coin, which basically makes it unfit to be a coin - now it can only be used as a commodity, a very expensive one to move around.
Higher fees are due to a high number of sellers through exchanges parallel with the number of transactions they are involve. there is so much traffic on transactions and the system overloads and cannot handle large number of transactions and so the exchangers are demanding for more fees and charges about it.
Could not his bitcoin fee in less depending on the exchanger policy that we follow, inevitably that fee we must pay in accordance with the provisions in the exchangers are concerned, because each exchanger with one another is not the same fee
I don't know if the transaction fee can be reduced because bitcoin is in demand even though the transaction fee is very very high, but they still transacting in others using their bitcoin.
There are good chances of the bitcoin transaction fees to reduce as the bitcoin prices have fallen over last one month
This might lead to lesser transactions fees as it was too costly earlier to transfer funds
Almost $20 for a $200 transaction
This might lead to lesser transactions fees as it was too costly earlier to transfer funds
Almost $20 for a $200 transaction
Last few days i was anlysis some exchanger they double there bitcoin withdraw fee.So my question why bitcoin transaction fee increased and deley transaction? bitcoin another fork super bitcoin already came so bitcoin can be ruduce there fee ? 
I think we should be contented and not too be selfish for those transaction fees that they imposed since it is worthy to pay these transition fee; because they provide a reasonable price for the services they have. Instead of worrying about those fees just focus on how you make sometime which will increase you bitcoin. The transaction fees or bitcoin and other electronic wallets are their main source of income or their life blood doctrine in order to provide excellent service and survive in this particular industry.
Last few days i was anlysis some exchanger they double there bitcoin withdraw fee.So my question why bitcoin transaction fee increased and deley transaction? bitcoin another fork super bitcoin already came so bitcoin can be ruduce there fee ?
As you mentioned 'Exchanger' in your sentence, I will start with that. So you really believe what exchanges show as fees is actually the fees? No, it's not! What exchanges actually do is that they send Batch payments and earn huge on from users on the name of Fees.
Ok, now coming to possibility to reduce fees. The amount of fees is not fixed by miners, nor does it pop-up randomly from somewhere. Actually it depends upon Demand/Supply rule. Now suppose there is single seller with Apple and 5 people wanna buy that Apple, every buyer will try to supersede other's bid to own Apple and as a result price of Apple will go many times more than initial price. Same is happening to Bitcoin fees. In order to get transaction confirmed before others, people are giving out more and more fees and as a result we reached a state of congestion and Very High Fees.
The way out from here is possible if people start using the concept of Standard fees than Competitive fees. All wallets should start using a fixed fees concept so that all transactions broadcasted have equal preference and concept of adding transaction to next pool become 'Matter of Chance' rather than 'Matter of Choice'.
Actually, bitcoin transaction fees can still be reduce and there are some ways to reduce bitcoin transaction fees to get payment to reach to the recipients or should be registered on the bitcoin ledger by reducing the transaction size. The allowed amount of bitcoin transaction fees is proportional with transaction size which has nothing to do with the sending amount. In order to reduce payment fees, you must have to reduce the size of transaction.
Last few days i was anlysis some exchanger they double there bitcoin withdraw fee.So my question why bitcoin transaction fee increased and deley transaction? bitcoin another fork super bitcoin already came so bitcoin can be ruduce there fee ?
The reason there why some miners doubled their fees is to reduce the upcoming transaction. Because of overloading transactions they need to reduce these transactions to prevent the delay confirmation. Of course if you see that transaction fee is high are still going to transact? It depends right? if you are just about to send a little amount you will not gonna do a transaction. But as you can see also sometimes fees are low.
Because the value of the bitcoin is so high, the miners ask for the corresponding high value so there is no way to reduce the bitcoin transaction fee unless you stop using bitcoin. Excessive transaction costs have caused some traders to refuse to trade the bitcoin due to overcharging, but if you have to invest, you have to accept this if you want to get a profit from it.
The only way to profit since fees went sky high last year is to be going short against BTC and in less than a month we have seen 25% of
all profit removed so I must assume your a traders in the "Know" right !
At the moment the bitcoin network is just overloaded, and the price of bitcoin is too great for standard commissions. Just wait until the Lightning Network.
Please educate yourself better about lightning because the hubs are mini banks
See https://www.youtube.com/watch?v=MpfvhiqFw7A
Hate to say but not only will you wait six months because the miners are having a ball of a time
with fees but LN does not do what it says on the box
As far as bitcoin is highly demanded and the network keep congestion, how do the network fees reduce? I don't think is now.
You can use segwit addresses, the fee is greatly reduced if you use addresses like that, however if you do not have any hurry to use your bitcoin you could wait until the lightning network is activated we do not know when that is going to happen but it may happen in this year. As far as bitcoin is highly demanded and the network keep congestion, how do the network fees reduce? I don't think is now.
Many people already use eth or waves because waves tx fee is low.I think bitcoin try to reduce there tx fee and try to added new technology for there service .People are worst and boring bitcoin high tx fee and microsoft already remove bitcoin paymentbut for now, the fee for ETH is also starting to be insane, for today it's down to 0.1 gwei and a while ago, safe gas price rose again to 40 and fast became 90.
I am quite frequent transactions using eth every day forced to vacuum for a few days because of gas prices become craze
so i thinks this is the time back to doge
Last few days i was anlysis some exchanger they double there bitcoin withdraw fee.So my question why bitcoin transaction fee increased and deley transaction? bitcoin another fork super bitcoin already came so bitcoin can be ruduce there fee ?
I noticed the same problem and I think the best response for this is to wait for the moment before we trade our bitcoins and manage our funds, well as for me I am holding so I am not affected now by the trading fees and since bitcoin's value has dropped I wouldn't want to cut my loss now specially when there is a very high fees.
it can be reduce if we all stop using bitcoin.
miners ask for very high fee which makes bitcoin so suck.
miners ask for very high fee which makes bitcoin so suck.
I'm sorry to break the news to you but there is no way you can reduce the transaction fee because it relies on the price of the Bitcoins. So, the higher the price, the higher the fee.
Yeah i think bitcoin transaction fee must be reduced in the future. Peoples start to using bitcoin at beginning, one of their reasons is because they want to avoid high transaction fee in the bank or other fiat transaction. If the bitcoin transaction fee even much higher than fiat transaction fee, i think people will start to leave the bitcoin which is sad for bitcoin as the Father of Crypto.
Yes i am agree with you.People only use bitcoin other crypto currency for avoid high transaction fee.We usually see most of the exchanger increased there withdraw fee and thank people try to use another coin like as waves eth to reduce fee. As far as bitcoin is highly demanded and the network keep congestion, how do the network fees reduce? I don't think is now.
Many people already use eth or waves because waves tx fee is low.I think bitcoin try to reduce there tx fee and try to added new technology for there service .People are worst and boring bitcoin high tx fee and microsoft already remove bitcoin paymentbut for now, the fee for ETH is also starting to be insane, for today it's down to 0.1 gwei and a while ago, safe gas price rose again to 40 and fast became 90.
I am quite frequent transactions using eth every day forced to vacuum for a few days because of gas prices become craze
so i thinks this is the time back to doge
As far as bitcoin is highly demanded and the network keep congestion, how do the network fees reduce? I don't think is now.
Many people already use eth or waves because waves tx fee is low.I think bitcoin try to reduce there tx fee and try to added new technology for there service .People are worst and boring bitcoin high tx fee and microsoft already remove bitcoin payment Jump to: