What do you think about the future of BTC when fees increase? - page 4.

Crown1

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Activity: 210

Merit: 10

Quote from: btc or eth on December 22, 2017, 10:23:48 PM

Prices are not stable, BTC will burst bubble or fly the moon? Grin

I think too expensive a fee will hinder the development of bitcoin, in the future unless there is a technology to reduce the handling charge, this fee will lead to the collapse of the bitcoin bubble.

filharvey

hero member

Activity: 866

Merit: 1001

Definitely,it would affect the bitcoin progress.Since transactions get struck,no one is sure about when their transactions would get confirmed and when they would receive their bitcoins and turn it in to cash.

Even when bitcoin price increases high,its benefits could not be enjoyed by the holder because if he has his bitcoin in his wallet,bitcoin price itself falls down before he sends his bitcoin and sells it.

These things would definitely affect bitcoin adoption.

btcblockchain

newbie

Activity: 252

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fee increase are created by miners mafia but bitcoin will still increase in price in spite of price variations bitcoin destinated for around 1 million dollars as per analysis

konfuci

member

Activity: 112

Merit: 10

In my opinion, the way BTC goes up and down that is just it's own behaviour. Valuable wallets like Unocoin takes fees as it has to pay tax to government, in that way it regulates BTC so will not affect much if the fees increase.

Tramle091296

full member

Activity: 462

Merit: 100

Quote from: btc or eth on December 28, 2017, 04:41:59 AM

Quote from: Fretcy on December 28, 2017, 04:33:53 AM

The future of bitcoins will be even brighter than what it is today as the value of bitcoins keeps on increasing continuously with a small dip in the crypto market like in normal stock and share markets. Every day new bitcoin users are entering the bitcoin community and due to high demand of bitcoins the value keeps on increasing there only a limited number of 21 million bitcoins available after mining all the bitcoins still the value increases due to rise in demand of bitcoins.

My friend became a billionaire when he bought 100 BTCs in 2015. I was impressed with her vision!

Its always a chance. if your willing to risk you can buy that kind of bitcoin. Just be wise to decision...

ArnoldChippy

hero member

Activity: 700

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Quote from: audrey12 on December 28, 2017, 06:19:14 AM

It's been almost 2 weeks now that I am holding my bitcoin even though I need it for my personal expenses I couldn't avail to transfer them to my account and cash out due to very high transaction fees with this I came to the conclusion just in case transaction fees will continue to increase many people would probably shift to other currency that has lower fees and at the same time has an appreciative value like bitcoin

People now trying to avoid small transaction, even though they feel the need but due to high transaction fee people trying their best to avoid such small transaction, I think it will also effect the daily use of bitcoin for buying and purchasing daily use items. I think it is too much important that the transaction fee should be reasonable so that people can easily use bitcoin for small transaction also. I think it will really put a very bad effect on bitcoin if the transaction fee will continue increasing.

Fire316

newbie

Activity: 281

Merit: 0

I think the higher fees for bitcoin transaction is not stable,i mean it will change like the bitcoin price verry volatile. Maybe there is no problem if the fees are high as long as the value of bitcoin still higher also that we can still gain profit inspite of a higher transaction fees.

audrey12

full member

Activity: 210

Merit: 108

It's been almost 2 weeks now that I am holding my bitcoin even though I need it for my personal expenses I couldn't avail to transfer them to my account and cash out due to very high transaction fees with this I came to the conclusion just in case transaction fees will continue to increase many people would probably shift to other currency that has lower fees and at the same time has an appreciative value like bitcoin

erickkyut

hero member

Activity: 1176

Merit: 509

Quote from: btc or eth on December 22, 2017, 10:23:48 PM

Prices are not stable, BTC will burst bubble or fly the moon? Grin

If the transaction fees will keep on increasing the same with Bitoin's price, there's a high possibility that investors will shift into altcoins with lower fees. Aside from the fees another problem for Bitcoin is the time fro the transactions to push through. The transactions now are much slower. If it will not be resolved, I'm afraid that it will be the end for Bitcoin.

machinek20

hero member

Activity: 840

Merit: 501

It will be hard for people to used if the fee keep on increasing, but some people still prefer to use bitcoin because a lot of place already accepting bitcoin, but the future of bitcoin is not as good as all of us predicted, the one is going to grow are alt coins

Zedpastin

sr. member

Activity: 363

Merit: 323

Infographics save lives

I'm a little worried about the fees because fiat currencies aren't susceptible to the fees that were being charged the last few months. I think this could be a massive road block in the attempt of mainstream for Bitcoin.

although saying that we just have to look at the amount of people still using Bitcoin even though the fees are so high right now. That's got to say something about the future of the technology.

iamTom123

hero member

Activity: 490

Merit: 501

Quote from: btc or eth on December 22, 2017, 10:23:48 PM

Prices are not stable, BTC will burst bubble or fly the moon? Grin

There has never been a time that the value of Bitcoin stabilized for good and we have to understand that since Bitcoin is relatively new (as compared to the fiat money we know as well as other investment tools) it will always experience volatility. With rising demand and limited supply, there is more chance that Bitcoin will eventually go up as they say to the moon. There is only one analogy that can apt described Bitcoin: rollercoaster! We have to be prepared for its ups and downs and must not get shocked to wake up one morning with 30% of its value slashed but on the other hand when it is doing a bull run the ride can be likewise so wild -- wild surges to the moon. You have to get used to its movement so you won't suffer some headache or heart attack.

Red-Apple

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you are asking like 10 questions, maybe unknowingly in one topic Cheesy

fees are rising.
this can't go on forever. so far each time something like this happened, due to spam attacks, it stops eventually and things go back to normal and bitcoin survives. otherwise bitcoin will no longer be able to function as a currency and will lose its value.

as for bubble, it already burst when you weren't looking and it is over now. we are back on track for rising up again.

to the moon, may not just happen yet because we still have the fee issues and the fact that it is holiday. although market doesn't close but people do

btc or eth

newbie

Activity: 146

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Quote from: adzino on December 28, 2017, 04:55:30 AM

Quote from: btc or eth on December 22, 2017, 10:23:48 PM

Prices are not stable, BTC will burst bubble or fly the moon? Grin

The price has already fell and is right now more stable at $14,000 to $15,000 USD for more than a week. We can expect a new all time high anytime soon. This rise happens every time the price falls and is stable for a while.
When the fee increases people will be using bitcoin as a storage value.

In your opinion, BTC will be like gold in the real world!?

LuckyBtc

legendary

Activity: 1288

Merit: 1012

Quote from: btc or eth on December 22, 2017, 10:23:48 PM

Prices are not stable, BTC will burst bubble or fly the moon? Grin

I think Bitcoin will go up! and it's not in a bubble yet. Probably $50k by the end of 2018. I'm holding my Bitcoins until $50k, I'm going to sell a few at $50k.

btc or eth

newbie

Activity: 146

Merit: 0

Quote from: zolfa on December 28, 2017, 05:27:09 AM

I do not think this is a bubble, but I think that this is a natural correction.
yes, a lot of people complain about the expensive fees, but I think it fits with the high bitcoin rate. and for me no problem.

But that made me miss many investment opportunities in the present time! Embarrassed

btc or eth

newbie

Activity: 146

Merit: 0

Quote from: Destroyeroff98 on December 28, 2017, 05:23:56 AM

Quote from: btc or eth on December 22, 2017, 10:23:48 PM

Prices are not stable, BTC will burst bubble or fly the moon? Grin

I still hope that he will fly to the moon. Why does everyone think that Bitcoin came crashing down if he fell a little in price? Why raise such a panic? Roll Eyes

I'm watching and most analysts say it will reach $ 30,000 or even more in 2018.

zolfa

member

Activity: 518

Merit: 11

I do not think this is a bubble, but I think that this is a natural correction.
yes, a lot of people complain about the expensive fees, but I think it fits with the high bitcoin rate. and for me no problem.

Destroyeroff98

full member

Activity: 574

Merit: 102

Quote from: btc or eth on December 22, 2017, 10:23:48 PM

Prices are not stable, BTC will burst bubble or fly the moon? Grin

I still hope that he will fly to the moon. Why does everyone think that Bitcoin came crashing down if he fell a little in price? Why raise such a panic? Roll Eyes

btc or eth

newbie

Activity: 146

Merit: 0

Quote from: talkbitcoin on December 28, 2017, 04:58:11 AM

Quote from: btc or eth on December 28, 2017, 04:41:59 AM

Quote from: Fretcy on December 28, 2017, 04:33:53 AM

The future of bitcoins will be even brighter than what it is today as the value of bitcoins keeps on increasing continuously with a small dip in the crypto market like in normal stock and share markets. Every day new bitcoin users are entering the bitcoin community and due to high demand of bitcoins the value keeps on increasing there only a limited number of 21 million bitcoins available after mining all the bitcoins still the value increases due to rise in demand of bitcoins.

My friend became a billionaire when he bought 100 BTCs in 2015. I was impressed with her vision!

100 bitcoin at the highest price (the ATH) would have been worth $1,960,000 or round up to 2 million dollar and that is only if he sold at ATH.
2 million doesn't make you a "billionaire", he is barely even a millionaire!

But she is a billionaire in my hometown! Grin

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