Topic: What do you think about the future of BTC when fees increase? - page 2. (Read 627 times)
Yeah first thing that usually comes to mind is new block higher mining difficulty... higher fees.. However the future of bitcoin doesn't involve higher increased fees in fact after lightning network is realized the fees will be even lower which would impact bitcoin in a positive way and steam and other sites that stopped accepting bitcoin due to its fees might reconsider. So I would encourage you all to read more about lightning network and segwit. Lastly I feel like after the end of this year or at least alongside the release of lightning network the number of segwit transactions would double if not.. triple!
If the fees will get increased, bitcoin will loose its essence. How is that different to pay high fees to banks or bitcoins? I think another player will step into the game, which will be able to offer something better and cheaper.
I think in time the fees are going to rise everytime Bitcoins price will increase as well. It’s a matter of equality wherein they adjust the fees according to Bitcoins worth and it has been that way ever since Bitcins price soared high so I am already expecting in the future that fees will get higher even more as Bitcoins price rises even more too.
The investors itself will burden in this expenses once it will increase resulting to a low demand which may leads to a lower market value in the market.
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.
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.
It is inevitable that bitcoin's fee will increase eventually as its market price are also increasing all year long. Only those big transaction could not feel the high fee of crypto exchanges impose and the small transaction can feel it pretty well. If that continues, i think, more and more people or investors will lost interest of bitcoin that can cause an bitcoin to be stagnant or even drop gradually.
You are absolutely right on point there mate. This is what is most likely to happen when fees skyrocket with the prices because it won't be useable anymore unlike what satoshi had imagined it to be. But if the promise of the lightning networks really does come to life and get implemented, then we can expect such a huge increase in price later on after the implementation. That is what i am pretty sure off.
Bitcoin is really great the price always bounces away every month, but the higher the bitcoin price the higher the transaction cost is because transaction costs use bitcoin units, but it does not matter to me or maybe to the big bitcoin holders, but maybe it's hard for beginner.
In my opinion lightning network will relieve pressure on transactions by a lot in future making fees at least 10x lower.
I am aware that 10x lower fees isn't enough (especially when price continues to increase, then a coffee might be 2000 satochis only), but its a step forward to open bitcoin to new users
and we will have some spare time to continue development for further improvements.
Bitcoin still grows while transaction fees are very high. Transaction fees increase as bitcoin increases in price by the end of 2017, although large investors may accept bitcoin fees because of their large volume of investment for small investors or New to the market, the transaction fee of bitcoin is very large. I think that commercial sites should have a policy of supporting investors by lowering the transaction fee, which is how the commercial sites such as Binance and Kucoin are increasing the number of investors increasing in time by. I am aware that 10x lower fees isn't enough (especially when price continues to increase, then a coffee might be 2000 satochis only), but its a step forward to open bitcoin to new users
and we will have some spare time to continue development for further improvements.
For me there's no need to question the fee here in crypto even it's high another thing this is for fast and sure transaction mostly good for someone that need to transfer in other country like if your family member work abroad,i think some person here don't really know if you do transaction all over the world that's why they problem it,Even we have fees like 10% to 15% in the money that we transfer here i will still use this to transact because here is more conveniece than others.
Prices are not stable, BTC will burst bubble or fly the moon? 
Fee does not rise You need to know actually regarding bitcoin fees can be set as you want ,either 10,000sats or 5000 sats bitcoin will remain like this with unstable prices and erratic fees and prices are now experiencing noise until early february like weather I think
In my opinion lightning network will relieve pressure on transactions by a lot in future making fees at least 10x lower.
I am aware that 10x lower fees isn't enough (especially when price continues to increase, then a coffee might be 2000 satochis only), but its a step forward to open bitcoin to new users
and we will have some spare time to continue development for further improvements.
I am aware that 10x lower fees isn't enough (especially when price continues to increase, then a coffee might be 2000 satochis only), but its a step forward to open bitcoin to new users
and we will have some spare time to continue development for further improvements.
both of this is possible for next year but i don't know what happen to bitcoin if the fees issue will happened for long term because probably people will find other way to decrease transactions fees as instead of bitcoin and use other coin such as ETH will be very possible even some people predict ETH price will goin to the moon for next several years
Currently, I find it easier to manipulate eth. Most new coins are using this as a basis for building their money! ETH may be a better choice for the future, with the same wallet but may contain more than one type of altcoin!As you said it,
I would much rather invest in Bitcoin with a clean roadmap for the future in the form of the Lightning Network, which is growing by the day now. Good luck with your bad investment choice, hope they are paying you well to "manipulate" people here. ^grrrrrrr^
If the fees increases, it will affect the whole bitcoin community but the most affected are the people who hold smaller quantities and the people who just started joining it. Instead of maximizing our profit, the increase in fees will slow down our progress.
It is inevitable that bitcoin's fee will increase eventually as its market price are also increasing all year long. Only those big transaction could not feel the high fee of crypto exchanges impose and the small transaction can feel it pretty well. If that continues, i think, more and more people or investors will lost interest of bitcoin that can cause an bitcoin to be stagnant or even drop gradually.
If the transaction fees of Bitcoin will keep on increasing the same its value increases, I'm afraid it will be the end for Bitcoin. Good thing is that they now found a solution for this problem. They've created a lightning network wherein the transaction fees will be lower.
I agree, lightning charges the game for bitcoin. Problems around transaction fees and times will be solved. I find it really hard to see any future for Bcash once lightning is widely adopted
If the transaction fees of Bitcoin will keep on increasing the same its value increases, I'm afraid it will be the end for Bitcoin. Good thing is that they now found a solution for this problem. They've created a lightning network wherein the transaction fees will be lower.
The fees are only going down because of segwit and lightning network. It's just too bad so many wallets do t support segwit yet, when it's apparently easy to implement and people that have done it are seeing a huge benefit. People don't like change and once they learn something new they don't want to relearn it. That's the biggest hurtle to overcome.
Now on to the lightning network learning curve for everyone!!
Now on to the lightning network learning curve for everyone!!
Prices are not stable, BTC will burst bubble or fly the moon?
There isn't going to be a future for bitcoin if that really happens, just consider it as a lost case. But yes, if they get lowered (just like it is happening right now) everything will keep going just by the same way as it is now. But the LN is going to get implemented soon.
Prices are not stable, BTC will burst bubble or fly the moon?
Hi there btc or eth! Due to the previous listing in major exchange, the price of bitcoin can't go further high. What I think is that, if the price did not swing by February, most likely there are more people will preferer other crypto like for example the ETH. In the notion of Bubble, I think it is not going to happed because the price is stable. You could even notice today that the price is slow getting its step upwards after it reaches the $9k bottom line. That is why most of the people are preferring segwit address to lessen those fee, just wait for a while and soon you will see.
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