Topic: What do you think about the future of BTC when fees increase? (Read 627 times)
I think bitcoin's current transaction fee is quite high. And the daily transaction amount of the trading floors has been quite large. So if I continue to increase fees, I think that this market is difficult to develop.
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Prices are not stable, BTC will burst bubble or fly the moon? 
Some people thinks that BTC is a bubble and it will burst soon because they are much offended with that fluctuation in the valuation of BTC, they are not stable and I guess there is nothing to get offended because it's not the volatility because of which the valuation fluctuates, it's because of numbers of people investing into BTC and the big whales that regulates the market, BTC has a very bright future ahead, so one need not to worry and should invest into BTC. 
Prices are not stable, BTC will burst bubble or fly the moon?
I think the price of bitcoin will increase in the future but it will not exceed 20k $. Because some investors know Bitcoin is a king, its technology is considered obsolete compared to other altcoins. And they are not fixed because it is not run by anyone. I think in the future there will be some altcoin that can take the King of Bitcoin. Typical examples are Ethereum or NEO. Do you have any comments on my opinion? please let me know.
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Fees were below $0.01 for most of Bitcoins life but the greedy miners put fees up to $55 and word got out so
joe public ran away and won't be coming even if the fees go back down to below being a cent.
Holding a knife to peoples throats tends to leave a lasting impression, sorry boys but the party is over so stop
dreaming.
joe public ran away and won't be coming even if the fees go back down to below being a cent.
Holding a knife to peoples throats tends to leave a lasting impression, sorry boys but the party is over so stop
dreaming.
If fees are increasing then that means transaction volumes are increasing which in turn means bitcoin value is increasing, I think bitcoin will be just fine.
I see this is still the end of the year, so prices are unstable, and this is normal.many people think that this is just a bubble. even some go left bitcoin. but if they want a little patience. then bitcoin will give them a big advantage.I think the future of BTC when fees increase is that it will go down its value because people will not use BTC for that reason. If there are regulations that BTC implements if how many fees you would pay maybe BTC will remain its value or even higher.
Fees only increase when the volume of bitcoin transactions increase which means by then the value of bitcoin has gone up. they really need to figure out a way for the fees not to be so high when transaction volume increases and also transaction times needs to be faster no matter the amount of transactions going through or else bitcoin could never work as an everyday currency.
After government resistance, fees are the most dangerous thing for bitcoins. I mean you have to pay high fee for small transactions. Its not good people can lose their usage with bitcoin. But some wallets offers you custom fee also but that does not matter much . You can manage the fee but there limit, You can't pay 0.01$ for big transactions and then there is more waiting time for confirmations. If bitcoin solves this slow tx confirmation and high fee issue, it will really move much faster in popularity.
I think Bitcoin transaction fees will be gradually high. Bitcoin demand is expected to be a huge change. Many people will be interested to invest in bitcoin. Bitcoin will be used all over the world. When the price of Bitcoin increases, the country's economic development will be.
As we can see now, it's not true. Even though Bitcoin popularity surged, Bitcoin fees are extremely low thanks to SegWit. I heard that Lightning Network client for mainnet has been just released so it will definitely help Bitcoin to become more popular among users who want fast, cheap and reliable payments across the Internet. I think that Bitcoin fees will be still low, they should stay at this level for a long time.
I think the issue of high fees is a set back when it comes to accepting bitcoin as a currency to be used in daily buying and selling. If there is a way to make sure that the prices don't go so high when demand goes high then it will be good.
I think Bitcoin transaction fees will be gradually high. Bitcoin demand is expected to be a huge change. Many people will be interested to invest in bitcoin. Bitcoin will be used all over the world. When the price of Bitcoin increases, the country's economic development will be.
There will be a time that people will get tired of the outrageous fees of bitcoin and it will rise more in the future so I am sure that either IOTA or RAIBLOCKS will be the choice for mass adoption.
no not all of them will be tired in bitcoin even if the fees were too high but as long as bitcoin is still profitable there were still people that are going for it and also most of them doesnt actually use bitcoin as a form of payment method rather they are just using it as an investment or for trading in order for them to earn a profit however some people that using bitcoin as a payment gateway are now slowly moving on to some other types of coins like the ones you mentioned above in order for them to avoid high fees and slower procsessing time.
If all transaction fees goes up then it will lead to their company a serious problem. Having high transaction fees will not favourable to the investors so the demand from the bitcoin will goes up and will lead to a future loss.
I think instead of making it higher, they should provide a way on how to lessen the cost.
By increasing the block size, they can effectively lessen the fees associated with the transactions. The future is really bleak when people are paying $50 to confirm a transaction.I think instead of making it higher, they should provide a way on how to lessen the cost.
I agree on that, if fees of every exchanger will keep on increasing then people will look for cheaper ones and the company who is running the current exchanger will just lose their profit because they are getting too much coins from other people.
February 12, 2018, 11:48:47 AM
If all transaction fees goes up then it will lead to their company a serious problem. Having high transaction fees will not favourable to the investors so the demand from the bitcoin will goes up and will lead to a future loss.
I think instead of making it higher, they should provide a way on how to lessen the cost.
By increasing the block size, they can effectively lessen the fees associated with the transactions. The future is really bleak when people are paying $50 to confirm a transaction. I think instead of making it higher, they should provide a way on how to lessen the cost.
February 12, 2018, 11:41:02 AM
If fee increase then bitcoin will use for huge amount transaction because poeple does not prefer higher fee for small transaction. It may affect bitcoin applications also. According to me There would be stable fee applicable for bitcoin transactions.
February 12, 2018, 11:32:44 AM
The cost of bitcoin transactions can't go higher that the price, that is the first what i think. What I believe is that, if the cost did not swing by February, in all probability there are more individuals will favor other crypto like for instance the ETH. In the idea of Bubble, I think it won't happened on the grounds that the cost is steady. You could even notice today that the cost is moderate getting its progression downwards as the segwit address comes into use.
February 05, 2018, 07:42:39 AM
If all transaction fees goes up then it will lead to their company a serious problem. Having high transaction fees will not favourable to the investors so the demand from the bitcoin will goes up and will lead to a future loss.
I think instead of making it higher, they should provide a way on how to lessen the cost.
I think instead of making it higher, they should provide a way on how to lessen the cost.
My only problem is the increase of transaction fees. And if it continues to increase, many people will resort to dealing with another cryptocurrency with lower fees such as Ethereum. And to be very honest, that is likely what will happen in the future in case that problem is not solved.
As a matter of fact, everything gets valuable as the price increases once the demand on it grows. I am honestly starting to lose hope and if this does not stop, it will be better to replace bitcoin with another cryptocurrency.
As a matter of fact, everything gets valuable as the price increases once the demand on it grows. I am honestly starting to lose hope and if this does not stop, it will be better to replace bitcoin with another cryptocurrency.
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