Topic: future bitcoin transaction fees - page 3. (Read 1705 times)
In future btc authority will definitely reduce the transaction fees.
Well i have no complain with the transaction fees. I concerned about the rate of transaction.
Not only reducing transaction fees but also the the speed of transaction should be increased.
Btc should reduce their transaction fees.
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?
Speaking about transaction fees in converting Bitcoin to fiat currency or transferring BTC to BTC, I agree that it would be expensive once it moons. As of now, Bitcoin has high liquidity because it's still a "bubble" in most of our eyes. I just don't know about lightning though, in which it could make Bitcoin transactions faster than ever. However, I just don't know if it has also the capability to maintain its fees. Just my two sats.
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?
Do you know why on december bitcoin price was expensive ? It was because the price of bitcoin. The price was skyrocketing at december 2017,
so the bitcoin fee is very high too. Many peoples bought bitcoin because they didn't want to left by the hype train, many transactions have been made so the fee high.
Thats right. The price of transaction fees will also be dependent on the value of bitcoin . that is the reason that the fees last year are more expensive than the fees today . right now , we cannot predict what will be the transaction fees on the future because bitcoin will always be volatile .
@op , if fees is you only concern when using a bitcoin , then i suggest youd better use some other alts like dash or litecone because those alts were known to have a cheap fees plus , their procesing time is also more faster because they are less indemand than bitcoinm
I believe that bitcoin transaction fee will decrease in near future because they want to attract more and more people to come to bitcoin and use it.
It's unpredictable, if there will be another attack or spam to the network it will cause the same congestion to make the fees expensive again last December. 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?
Do you know why on december bitcoin price was expensive ? It was because the price of bitcoin. The price was skyrocketing at december 2017,
so the bitcoin fee is very high too. Many peoples bought bitcoin because they didn't want to left by the hype train, many transactions have been made so the fee high.
I believe that bitcoin transaction fee will decrease in near future because they want to attract more and more people to come to bitcoin and use it.
Crypto market is fully infected for price based on this many coins are trying to recover somehow this tragedy based on this people of investors are getting facilities that they can do transactions at low price also its very good news for users . Based on this situations we need to invest more.
I guess transaction fee will go back to a high proce again once the value of cryptocurrency or bitcoin bounce again because I think fee also depends on a high and low value of bitcoin. That's the reality we have to accept, if we don't pay the fee no matter how much is it we can not pursue the transfer transaction. I just hope there is someone who can do something about this because despite their higher fee their transaction is very slow.
The fee never would be free. It will be not advantageous and convenient for developers of Bitcoin. The system also needs to get it money to develop the system, technique and other things. And where you saw the free cheesse?
For developers?
Bitcoin is not your average shitcoin where the developers take half of the coins with a premine.
The only ones that receive the fees are the miners.
Learn more about BTC or go back to the shitcoin section.
Bitcoin chargers depend on future activities, how to people awareness on utilization BTC with regarding payment transactions small small amount fees add, this is my view.
There is no charge. Nobody charges you anything.
Transactions are processed (included in a block) based on the fees, you don't want to pay a large fee you simply don't and you have to wait.
There is no "charge".
BTC transaction fees in the future really depends on the price of BTC such as denoted in the post at the OP... Imagine BTC at $1b in which 1sats will be equivalent to $1, if the same transaction fees that webare using now is implemented on the then network, it means a transaction fee will be approximately $50k, which is impossible.
You're contradicting yourself..
If fees really depend on the BTC (which they don't) by the time bitcoin hits 1 billion they will also hit 1 million no matter how many fractions of a Satoshi you pay.
So, will they go up or will they not? Because what you say really doesn't make sense.
I think the probably the future blockchain development process would help us to decrease the amount of fees that is needed in order to send all transactions, because for now in early July 2018 the Feast begin to be insane, ~80 GWEI
This is BTC , not the shitcoin section. Gwei is for shitcoins.
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?
BTC transaction fees in the future really depends on the price of BTC such as denoted in the post at the OP... Imagine BTC at $1b in which 1sats will be equivalent to $1, if the same transaction fees that webare using now is implemented on the then network, it means a transaction fee will be approximately $50k, which is impossible. As the price of BTC increases the transaction fee in SATs reduces so as to tally with the fees on the BTC network.
After the fall in activity in the market, the price of transactions decreased. Everyone is concerned about the prices. It seems to me that the problem of transactions is simply forgotten and after the price of bitcoin begins to recover, this problem will return. But nothing depends on us and we can only watch it.
The future bitcoin transaction fees can be expensive if the market starts recovery. Because any big price change either positive or negative makes the transaction more. This may result in high transaction fees.
The developer need commendation. They are not distracted by the threats of ban, regulations etc. But they are focused on improving the service delivery of quality of networks speed and capacity. These improvement has made this reduction of fees possible and more and more improvement are coming.
No less transaction fees, but we also found that the time to confirm the transaction is much faster than 2017. In 2017 it took me nearly 1 hour to send 1 btc but now it is different. This is due to changing the way the new btc block chain works in September and 11/2017.
that is wrong. nothing about how bitcoin blockchain and confirmation time works have changed. it is the same exact thing as 2009 when the first block was found. we are having 2016 blocks per 2 weeks which is approximately 1 block per 10 minutes.
you pay a fee from 0 to any amount that is standard and the miners seeing your transaction can choose to pick it up and include it in the next block they find or choose to ignore it.
during a couple of months of 2017 there were more transactions than there was block size so a fee war/competition started where you had to pay a higher fee so that the miners don't ignore your transaction.
There is a possibility to go back to high fee when the price do good in the market which make you to get high amount of earning to used the fee worth. I think that when the market will again recover this rate won’t get high anymore it will be in a constant position
I believe in future bitcoins transaction fee will decrease. Because more peoples are connect with this market and bitcoin can reduce their cost. If this happen then bitcoin popularity increase more.
I believe that the future bitcoin will be accessible in a certain place,market, transaction and value that can help the society and with that if the bitcoin will be more active and being expose to the market and with that maybe bitcoin can be the source of income and productivity of a country or people.
I believe in future bitcoins transaction fee will decrease. Because more peoples are connect with this market and bitcoin can reduce their cost. If this happen then bitcoin popularity increase more.
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