Topic: future bitcoin transaction fees (Read 1705 times)
The cost of bitcoin in the future will be very beneficial for us on the transaction and may be faster than the current may be bitcoin transaction will be improved than now and the price is reduced, more than the present. But still keep the security as the current blockchain software.
In future i think that fee will be less than now because many exchanges will be in presence and now the transaction fee is high because of few exchanges and sites that provide us the best features to us so i think that in future everything relateds to crypto will be large in number.
The future of bitcoin transaction fee is based on how much of bitcoin price time by time, we can check more lower fee at the first time bitcoin know to public, it happen because bitcoin price still lower but now we can faced with higher fee because bitcoin have higher price.
Transaction fees are higher due to the choice of traders, all require transaction speeds so that $ 10 - $ 50 is not a problem for traders because the number is relatively small compared to the profits they get. The arrival of the concept of bitcoin allows no transaction fees, but that is impossible because miners always choose transaction processing based on costs not based on queues. Transaction fees are cheaper when you want to trade on a bitcoin core network, but when transactions are exchanged it is really different. You understand what I mean, it's business.
bitcoin more efficient in the future. when the development of bitcoin in some developed countries is fairly rapid, for example in japan that has made bitcoin legal in this country. regarding price movements, the rise and fall of bitcoin prices is purely due to the level of demand and supply. no one can predict the price of bitcoin, but with more countries and merchants receiving payments in the form of bitcoin, the existence of bitcoin in the future is predicted to continue to grow.
For me, it will help the Bitcoin to lower the transaction fees and it will be fast to transfer bitcoin from one another wallet. It will help everyone, specially those people who are struggling on transaction fees. It will help people to reduce their cost on transaction fees.
I see there are not change of fee transaction by sending or withdraw bitcoin to other wallet, only have change value but the cost of bitcoin fee transaction is still the same like before. Maybe last two year we found fee transaction is low but today is high, it how bitcoin have value.
Because bitcoin is still new and users are not as much as fiat money, of course the cost of bitcoin transactions must be cheap as an attraction. Without the advantages possessed, it will be difficult to compete with banks, because even though it is more expensive, banking is more commonly used. In the future, bitcoin must issue more competitive products so that more users and governments can accept Bitcoin.
I think future transaction fees will be stable and will goes high most especially that many will accept bitcoin as mode of parments or use it as mode of transactions.
With the new technology that has been renewed there is a possibility to overcome the transaction costs that are very expensive and when it happened in 2017. I think, if Bitcoin wants to continue to be used by others, then Bitcoin must be able to overcome the problem Costly fees and transfer speeds very long data, in order to compete with other stocks.
lightning is just a way for some closed structures, but not for the whole community and not at once. therefore, the increase in transactions, we may still see
Actually, Lightning and other layers might be a good way to scale. Each of these solutions still forces their users to broadcast on-chain transactions at the beginning but this can be also partially fixed (channel factories). Lightning Network transaction fees are usually near zero. This will never be achieved on-chain due to limited block weight (long and controversial topic). It all depends on how you perceive Bitcoin. Either as a store of value or as a currency.
When bitcoin prices increase, transaction fees will increase. If we do not pay the fee even though we can not pursue the transfer. In the future, the cost of bitcoin transactions will continue to be adjusted along with the growth and development of encryption transactions.
Transaction fees has nothing to do with and doesn't correspond in no way to the value of bitcoin at all. Fees increases when there is a lot of transactions and it chokes the network. Currently the cost of bitcoin transactions is very cheap due to the relatively small amount of transactions, moving 48,000 bits per 4 cents, very cheap compared to December 2017 at some time up to $ 50 due to too many transactions at that time. . However, when the market recovers, there will be many transactions to be made and then whether technologies such as Segwit or Lightning network will help bitcoin trading faster and transaction costs do not become expensive. or not?
in my opinion, the crypto transaction fee in the future will be quite stable, considering that the usage is only within that scope, unless later the application of bitcoin will expand, it will be possible if the transaction fee also goes up
Currently the cost of bitcoin transactions is very cheap due to the relatively small amount of transactions, moving 48,000 bits per 4 cents, very cheap compared to December 2017 at some time up to $ 50 due to too many transactions at that time. . However, when the market recovers, there will be many transactions to be made and then whether technologies such as Segwit or Lightning network will help bitcoin trading faster and transaction costs do not become expensive. or not?
I think the transactions fee of bitcoin will be not different too much, except you convert it to fiat.
If we convert the bitcoin fee to fiat currency like USD, then of course the fee will be depends on the price of bitcoin in the market.
lightning is just a way for some closed structures, but not for the whole community and not at once. therefore, the increase in transactions, we may still see
Bitcoin must reach a more reasonable level. In the future, the cost of bitcoin transactions will continue to be adjusted along with the growth and development of encryption transactions. More exchanges based on SegWit are expected to have a significant impact on the bitcoin transaction fee. A user on Reddit reported that he had transferred $ 16,000 to 2 BTCs with a transaction fee of only $ 0.20. On March 1, 2018, Binance reduced 50% to 0,0005 BTCs per draw and shocked ShapeShift with a fee of 0,0001 BTC per withdrawal. Perhaps the last two years we saw low transaction fees but today is high, it's how bitcoin is worth. So, if bitcoin prices are expensive in the future, we can expect high transaction costs, but of course it is only temporary because the bitcoin will always fluctuate, meaning that it can fluctuate over time. As a result, transaction fees will be high and low.
When bitcoin prices increase, transaction fees will increase. If we do not pay the fee even though we can not pursue the transfer. In the future, the cost of bitcoin transactions will continue to be adjusted along with the growth and development of encryption transactions.
Some brokers charge a high or low rate, will depend a lot on the way they work, Coinbr does not charge BTC transactions, or the other alternative is to exchange for some altcoin such as DOGE to make some movement of their currencies
It looks like that only not very big part of the hole industry use segwit adresses, unfortunately. But even if all users do so, segwit does not completely solve this problem. It is just moving it a bit. So it Will not be enough to make Bitcoin great for every Day Micro payments, but some solutions above could do it. For example LN, but for now it is very little implemented over the industry and it is quiet Hard to use it for ordinary people. So we need more development and adoption to over Come this problem, or we could use other coins to make Micro transactions)
High transaction costs in Bitcoin are actually more determined by Bitcoin users who are competing to get transaction confirmation as quickly as possible. Thus, the highest paying user will benefit from the fastest transaction confirmation, while defeating users who pay lower transaction fees, where the worst case of the user's transaction has never been confirmed!
If only every Bitcoin user agrees to pay a reasonable transaction fee (10,000 satoshi per transaction or 10 satoshi per transaction byte), then the opportunity for each user to be confirmed for the transaction will be evenly distributed. In this case, maybe other factors such as the size of the transaction, the number of transactions, or the age of the coin will have more influence.
If only every Bitcoin user agrees to pay a reasonable transaction fee (10,000 satoshi per transaction or 10 satoshi per transaction byte), then the opportunity for each user to be confirmed for the transaction will be evenly distributed. In this case, maybe other factors such as the size of the transaction, the number of transactions, or the age of the coin will have more influence.
Bitcoin transactions fee is the charge taken by the miners in order to complete an transaction through bitcoin network. Transaction fee is same for a particular amount of money transfer in between in a country or out side an country. Future transactions fee will be decrease, due to increase bitcoin user it developer try to increase the block size of it. Better block size better transaction speed and less transaction cost. And many companies start using it so in future its uses also increases and its block size will be increase.
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