All of the traders that are joining in right now are here for the short term, they want to see VERY big gains in a very short amount of time. That's me saying that I doubt they care for the long term, that means that they're going to sell once Bitcoin hits a certain price point for them (be it to capitalize on their gains, or to limit their losses)
I know how some can see the 21m volume point as something to look forward to, but I highly doubt it's going to help. Think about it. All of the fees are going to be created from the people and that's going to be a pretty penny if the miners get their way. With that said, I can't see people wanting to get into using Bitcoin if the FEES are insanely high.
We'll see I guess.
Fees are high, that's for sure now. But if we compare it to the situtation was a few years ago, when bitcoin was below $1,000, the fees are nearly the same, if you nominate them in bitcoin. You can say that nowdays you have to pay over 100 sat/B fee (well, over 400 sat/B for priority) which is a really huge sum of money in USD, depending on a transaction, it can reach $20 or so. Let's say we are at $10,000 (just to calculate a bit easier). This fee is the same in bitcoin, but when bitcoin price was at $1,000 the same fee was just $2 in USD. So if you want to compare it, don't forget about the effect of the price of bitcoin.