Bitcoin Forum

Right now on my wallet, I want to transfer money from my Android wallet to my cold storage wallet. The fee is so high, that it's not worth to initiate the transfer, everyone says bitcoin has the lower fee to transfer value over service like the Western Union.

I am very disappointed with the fee, what is your view about the transaction fee? Do you think that that will be the beginning of the end for bitcoin?

Fees have always been in the plan for bitcoin, actually the fees need to sustain mining someday as the block reward gets smaller.  Yes it can be frustrating at the minute due to high fees caused by full blocks, but my advise would be  to leave the bitcoin where it is and wait for the scaling solution that comes along or LN, which will make it really cheap.

What will be the reward for miners after all the Bitcoins have been mined..? Transaction fees are very important, the sad thing is that raising it in order to fasten your transaction.  :(

Yes it can.not just the high fee but the low capacity.

This severely damages bitcoin's utility which is fundamentally where the value comes from.  If that continues and another competitor (another crypto)
starts becoming used, Bitcoin can be killed.

The transaction fee will more than likely not kill Bitcoin as long as the cost to transfer Bitcoin remains lower than other mediums of monetary movement, such as Western Union or PayPal. Bitcoin is just trying to make sure that it doesn't have to pay more than either of those, along with other competitors. If it can stay below $1 ideally, it should not experience much of a loss of a userbase.

I don't think that the transaction fee will kill Bitcoin because the whole Bitcoin project was about transferring payments easily with an electronic item.

The transaction fee could get removed, it isn't anything special. The whole "The transaction fee cost will damage Bitcoins reputation" thing is overplayed and could be overlooked if they use Bitcoin and have a central mining authority but a huge amount of people are afraid to see it like that.
I am against that Bitcoin attack though I gotta state the plain view.

I'm ok with the current fees, but if they keep rising it might be a problem. We have to remember that banks offer domestic transaction for free and it takes them 24h. Bitcoin used to be better because it provided worldwide transactions at a small fee, but when it starts to take over 48h with similar fees many people will choose traditional banking simply because they are going to be faster.

It cannot kill bitcoin by itself. Instead think of it like a throttle. If interest in bitcoin starts dying off because of the high fees, then the number of transactions will drop. But that will cause fees to plummet, eliminating the problem and encouraging people to return.

So our current fee situation can slow bitcoin to a crawl, price and adoption-wise, but it can't "kill" it by itself. What could kill it is if competition (with better TX capacity) in the crypto space arises and becomes popular enough to be a viable alternative.

How much is the fee that you considered it as high? Are you talking about bitcoin wallet to wallet transaction or bitcoin wallet to other services like WU? If to other services, then really expect high fees associated with it.

Right now Im fine with the current fees (miners fees) because it's still way better compare to the usual fees we are dealing prior to the existence of bitcoin in the world of online financial transaction.

And even it is, I think it will not killed bitcoin. Other are just fine with the long waiting time because the important thing is, surely it will received.

I think it will slowly kill bitcoin in a sense if the transaction fee's keep getting higher and higher. And it need to be address soon otherwise a lot of people will move away from bitcoin. If is not address, confirmation time will get worse and worse overtime and become critical that will cause people to react and stop using it, go to Paypal or Western Union or others mode of on-line payment. Just my 2 cent.

I also thinks that it is not fair , Because we are usually charged high fee during the transactions but still getting some problems of the unconfirmation also . I think the bitcoin network need small improvements ( since today made Some changes to make transactions more faster hope they will do Thier best ).
Here in my opinion bitcoin owner needed also to fix the charge at the given amount of Bitcoin that we want to send or receive regraless of the input and output of our transactions .

I doubt the high transaction fees will kill Bitcoin, but they certainly hinder Bitcoin's usage as a currency.
Personally, I'm secretly hoping that more people would switch to Litecoin, holding quite a bit of that too and transaction are much faster and less expensive.

If the transaction fee continues so high like now or higher there is a possibility to kill Bitcoin. Nobody wants to spend a lot of money just to move their money over the internet, people are using Bitcoins to make their profit when dealing with money higher, but with high fees it's impossible. I agree with what was said above, let your BTCs quiet and wait for a solution. I'm sure there will be one.

same thing mate, i was going to transfer some bitcoin to another wallet, to have better anonimity and lower the fee by having less size on the transaction, but the client is asking for freakign 200k satoshi, no way i'm going to pay almost $3 just to move coin to my own wallet, i think if we keep ignore this people will begin to use less and less bitcoin until very few transaction will happen on the network

Please understand Bitcoin is still growing and going through changes. Fees are rising, but that's for on-chain transactions. Solutions for safe, low cost off-chain transactions are being developed. They are not ready yet, so people may look at other coins in the meantime, but this puts pressure to develop solutions for Bitcoin faster. The free market is performing as it should.

i dont think so, because bitcoin has a very satisfacting value in the market. but it is possible, as we have earn a big theres a fee so i think people will probably tired to this scenario.

I'm just about fine with the fees right now. Don't want it to go any higher and don't mind it going any lower. I still think the fees is lesser than Western Union. They have extortionately high fees and I have never used them because of it. The transaction fees will not kill bitcoin but the rate at which new people are adopting BTC might drop considerably.

Small inputs are inevitable not just with bitcoin, Fiat as well. In my opinion, I feel that since Bitcoin transaction fees has doubled recently, Accompanied with snarl-like transaction confirmations It'll not just affect People making Small inputs transactions. Due to this issues, It's discouraging to make transactions. Not just me, But everyone else. If it continues this way, It's defiling all the benefits and features bitcoin brings.

I think anything over much can destroy good value of a thing. If bitcoin want to add good value in transaction fee let it bring down some pecentage of the transaction fee. Race cost also promote ventures.
 

Let me guess, you transfer low amount like transaction fees amount? Better to calculate again.
You can use free fees if you the patient person.

I'm still fine with transaction fees recently. It will not kill bitcoin.
I think the real problem after coin supply over, if there's still no good solution and the fees decrease repeatedly, the demand will drop, transaction drop and the miners hanging up their equipment, then dead. (No, it's just parable of the worse situation).

I don't think that the transaction fee will kill Bitcoin because the whole Bitcoin project was about transferring payments easily with electrically.

High amount transaction fees are used to reduce the traffic and bitcoin circulation control. so,the transaction fees are must for use bitcoin safely.

I find it cheap when it comes to an international level even in the case of high fees because it costs less than other payment options but on a local level, it is not worth it for me to spend it. One reason is that there are no merchants around me to accept bitcoin and second one is that many goods and services are available at the rate of current bitcoin fees so why would someone pay using bitcoin if he is required to pay more.

Bitcoin can never scale anywhere onchain, so if you want to make micro transactions worth of satoshis, forget about that until we have lightning network, all other methods have been proven to be worse than offchain scaling if you want to make such small movements. So help the network by downloading Bitcoin Core 0.14 and run it in order to get segwit going, which makes LN better and also raises blocksize without centralizing the network (ignore trolls debating this)

It won't kill bitcoin as long as it doesn't keep going up  :D There has to be a limit somewhere.
The transaction cost used to be at 0.0001 for years. I remember sending transactions with this fee from 2014 to early 2016 and suddenly last year it started to be not enough. And I would be completely ok with the fee doubling, but it has tripled in a year! If this continues next year we'll be paying again 2 or 3 times more and this will eventually lead to something bad.

Yes, I agree with you; It's a good idea to download bitcoin core 0.14, It's a good help from bitcoin community to larger block size. If i had a good internet connexion i'll do that. It's time to help each other, bitcoin community in general.
Anyways, I don't think that transactions fees can kill bitcoin. Bitcoin is immortel. ;)

I use 0.0004 or so to do transfers. Sometimes less. If time is not an issues I use 0.0001btc .
You don't see why you mist have it paid in seconds. People sre so impatient. I'm serious now why do you guys want the transactions done so fast ? I'm interested to know. I dont mind it. I certainly dont think ot will destroy bitcoin. Thst means bitcoin destroys itself by design.

It might be, there are a lot of complaints regard to the bitcoin fee which I personally think is a bit high, and if this keep continue or the fee goes up some people might stop doing transaction using bitcoin and in a long term it can kill bitcoin, this problem is quite critical, so it need attention to be fixed

i think it will certainly put effect on bitcoin if the transaction fee will continuously increasing, therefore i think it is necessary to regularize the price the transaction fee and keep is as minimum as it can be.

I have two txts using the standard of 10-20 sat and have had it sitting in the mempool yes its a storage location at this point pretty much on 0 unconfirmed status with a relay for a week. (Finally just got both confirmed at the exact same time and they are 10 Blocks in so it was really slow)
https://blockchain.info/address/1PKG3V2aq7ppdFc8UHa5gekmjrJU4NjXQx

Would recommend off chain in alt for now until Bitcoin solutions are agreed upon on consensus or a fork.

At least I can still pay the fees for my transaction in below a dollar range and it will not kill the bitcoin in the future. Yesterday my transaction got stuck for 20 hours and that's really annoying in my mind. The bitcoin network is in the alert area regarding his performance.

so,what does the fee increasing means? I think it's not a bad sight.It means more and more people coming to Bitcoin.

It does mean that more people are adopting bitcoins than before and people want to get their transaction verified as fast as possible and hence putting in high fees because of which the average has gone up.

I cant really say anything about fees killing bitcoins? i think no.If it really does bitcoin must be gone long time from now since bitcoin is invented.Fees are just the profit of the network who manages all transfers.But if fees are too high then i think that will be a problem

If things keep going in the current direction bitcoin will not be killed but any usability as a currency will be severely limited as there will not be a way to make small payments at all, so I don’t think the current situation will kill bitcoin but it will slow down its adoption and change the way people use bitcoin.

Fees will not go much higher than $1 or so because even spammers will eventually run out of cash if they try to constantly compete with legit users, for me paying the max amount of $1 for a transaction of a size of 700Bytes or lower is still tolerable.
If you receive 0.05BTC you need to spend all of it as one transaction and if you split it then your next TXs will become big in data size and you'll have to pay even higher fees.

i think the transaction fee will not kill bitcoin because with the high fee at least up from the standart fee, it would make the transaction getting fast confirming and we don't have to waiting too long. if people wants to send the bitcoin to other and if they don't want to use high fee, then they still be able to use standart fee which is the transaction needs too long to gets confirmed.

One of the main reason why people liked bitcoin was due to the low transaction fee...We can already feel the effect in online services.

Right now the fees are not that high but maybe if government will recognize the bitcoin then start to collect taxes on every transactiom that will surely kill slowly the bitcoin users not the bitcoin itself.

Well how would the government start collecting taxes for every Bitcoin transaction, the whole point of Bitcoin was meant to be decentralized without let's say a government in this case controlling it, hence the ETF got declined as Bitcoin is not regulated.

Not at all. There are users who doesn't care about the transaction fee. What they need is the security on hacking, which is quite good with most wallets. Due to the increased price, people keep hold of it as a store of value escaping taxation. This doesn't give them a pressure even when the transaction fee gets increased. Just because of transaction fee bitcoin won't lose its users.

We are at a point at which blocksize (or block capacity) increase is needed, either by BU or Segwit... Those "stress-test" or spam transactions are causing fee to increase- the purpose is to demonstrate the need fir bigger block/capacity...

I guess at the moment, you can avoid high fee by avoiding transaction when the mempool is high...

Send it with a smaller fee! Who cares! It's going into cold storage anyways so send it @20 satoshis/byte and never look back. Quit your bitching Jesus. The fees aren't high, they're just higher than usual right now.

How much is the recommended fee that they are charging you? I don't have any against with the fee, it's just a normal thing.

In able to get your confirmation fast then just pay the recommended fee but make sure that it isn't a bug cos' I saw someone here paid a 2 BTC fee with a small transaction.

I don't think fee will kill bitcoin.

The charge fee is depending on the third party app you are using... I am using mobile wallet, I can make transactions with no fee. Transcation fee can't kill bitcoin beacuse overall it still part of the circulation of the coins. Some transaction needs fee/s for their service.

no it won't kill bitcoin but it will change it, and that change won't be for the better.
bitcoin will stop being a digital cash and will become something that you only buy if you have lots of money to make more money from the fluctuation of price and nothing else.
this also means we have to forget about mass adoption.

Of course yes, the transaction fees will kill small transaction of bitcoin
but doesn't mean transaction fees will kill bitcoin its self,
bitcoin will be difficult killed because of the high fees transaction to sending bitcoin,
 bitcoin is suitable for big amout of transaction, so don't use bitcoin for small transaction.

It will, those small transactions just like what xapo did, they are charging fee for small amount transactions. But still those fees aren't going to make the whole bitcoin economy or itself to be killed with it. In everything that we're doing there's always a fee. Sometimes we just need to wait for it when our transaction isn't confirmed depending on how much we had been charged.

Amen.

But this was built-in from the start.  First of all, the fact that there was a FINITE amount of coins to be mined.  I know that everybody is going to call me names, but "sound money theory" is silly if you don't have the monopoly on money.  The fact of emitting only a finite amount of coins, and hence having to *diminish* the block reward, or the sum will not converge, works against liquidity.  It promotes hodling, and hence price surges.  A good currency needs liquidity, needs to get spent, and doesn't need to "rise to the moon", on the contrary.
The second aspect that was built in, was block size limit.  3 transactions per second world wide can never become a currency.  6 or 12, neither.  

So bitcoin was not designed to be an "internet currency", but rather a speculative vehicle, of which the liquidity would be provided by a "banking layer" on top of it, that provides liquid, centralized IOU.  ETF, exchange accounts, LN, whatever.

The very fact of organizing a fee market around miners that have to waste huge amounts of value to mine induces these miners to lock in the block size (what we are witnessing right now).  There must be sufficient transactions to keep the thing alive, but one doesn't need many small transactions: a few big ones with big fees is much more lucrative, and big transactions are what keeps the price up.

The story of buying your coffee with bitcoin was a good story to kick the thing off, and get it going, but bitcoin could never cope with all the coffees bought everywhere in the world.  That was to get "innocent money and idealists" to bitcoin.  But they aren't needed any more.  Now that bitcoin is speculator's money, the coffee buyers are not interesting any more.

The other thing that bitcoin included, were the "block reward halvings".  Instead of being a smooth function, these steps incur always instabilities, perfect for speculators, disaster for money.

In other words, whether by naivety or on purpose, (I think, the former), bitcoin is not designed to be a currency, but has everything for a big money speculator vehicle.  Which is what it is becoming.  Because it was made that way.

You are right but still we can think about it in positive ways , let's think that if we will pay more fee with the transaction Then all credit goes to the miners which are helping us to perform our transactions successfully .
So with the pay of transaction fee we are supporting the Bitcoin network directly . In this way the life of bitcoin will increase .
But still here a bad thing about this is that even after the better amount of fee transactions sometimes we are not getting much speed of confirmation of our payment . Here needed some better improvement .

High transaction fees can not kill bitcoin just like that, what it might kill is those bitcoin users who are just earning bitcoin on different faucets where the earnings are very low, and the transaction fees is their enemy when it comes to transferring their bitcoins on their wallet.

That is why many bitcoin users are complaining about the transaction fees, especially the Faucet earners. But, I guess it is their problem, and transaction fees don't need to adjust for them, they are the one who should adjust, for them not to complain about this. Instead of doing Faucets, do something where you could earn enough to pay the transaction fees and still you have enough remaining bitcoins for yourself.

Yes i think the fees that is continue growing even more expensive will kill bitcoin because it will be pain the a$$ if fees will become more expensive because the bitcoin users will get less bitcoin when they transfer bitcoin from another or receive their bitcoin from their another online account, So i think it will be best if the bitcoin team will try prevent this kind of scenario.

A dollar in transaction fees isn't high. For normal transactions with 1 input and output, it's even less that.
Pay a dollar to transfer money anywhere in the world without having to go to a bank for the transaction. Send however much you want, set whatever fees you want depending on your needs. Simple.

So NO, transaction fees ain't enough to kill bitcoin. No such thing as free and we pay for whatever service we use.

Anyway, I'm just a normal user so I'm probably not hit too much with the fees for now. I've never paid for over a dollar in fees and my transactions have yet to take over a day. 4-6 hours is the longest it's ever taken. And the usual is within an hour. And that's for less than a dollar. ($.50)

well, majority of people are only using bitcoin as an investment and for these the transaction fees aren't that important because they usually move around large amounts of bitcoin and it is not their payment so it has small number of inputs so size is not big and fee is small as a result.

and others who are using bitcoin as currency, want all the other benefits using bitcoin gives them such as privacy that don't care that much about current fees although everyone is pissed off right now. but if fees continue growing this way, soon this group will stop and we will see a big hit on bitcoin.

That's definitely wrong. The fees that will be charged to you actually depend on the current fee/kb and your transactions size. Third party app actually has nothing to do with it but some of the bitcoin wallet services such as XAPO aren't charging you fee because (probably) they're using their own money to handle your transaction or they just like moving the balance to another account if you're make a XAPO to XAPO transaction.

yes it is right to say that it will not kill bitcoin bu still it will put some bad impact on bitcoin, because the exchanges are increasing the fee more and more high from time to time and therefore the investors are now thinking about that if the increase in fee will continue to increase in such ratio then what will the investors do.

Of course getting ahead of course you have to use a large fee to gain speed in the transaction in bitcoin but bitcoin is famous for a low fee? what if the fee bitcoin be great of course everyone will be disappointed

unless they are using many wallet, their transaction fee will be very high with a wallet that contain many transaction and many address, until they add a way to choose which address to use to send the payment

you can't really contorl the way imput and output affect your size of transaction, and moving large amount of coin will do nothing to prevent this...

If the fee would be more than those traditional Money transfers that do charge big in a transaction and also to paypal then bitcoin would really lose its popularity for sure  because i do believe there are lots of bitcoin users do really love this feature on having money transfers with less fees but if the situation would comes worst.I cant say on what would happen.

We can do nothing about this right now. If you are transferring small amount, then the fee will look too high. But if you are transferring large amount, the fee is low compared to the amount. What I do is I do my transfer in advance so I do not have to pay high fees and I have spare time to wait for the confirmation.

I know what you feel about the miners fee. But it's to exaggerated to say that there's a fee that will come up to $10. If that happens then there's something wrong about it, bitcoin is known because it has smaller fees and way back then it's actually free. I don't think that just because of the fee it will make bitcoin to be dead.

Yes it might can. Not just the high fee but the low capacity. This severely damages bitcoin's utility which is fundamentally where the value comes from. If that continues and another competitor (another crypto) starts becoming used and Bitcoin will be killed.

Not at all. Every thing totally depends on you. If you pay more fees , your transactions will be
confirmed more sooner and if you pay less it will take more time. I would suggest you not to change the fees
As it is the recommended fees and takes the regular time to confirm. And the fees doesn't even effect the payment.
It just adds around 0.2 usd max to the total payment. And that value is like negligible.

Yepp. I don't think so that bitcoin might killed by transaction fee. It's just a fee and if you are very hardworking you don't even need to be alarmed in that transaction fee. Besides in every bitcoin transactions there are fees that already reduced in your bitcoin. For me, I think this transactions is not thing yo worry about because nothing will get change in your mining just need to pay some transaction fee so that the fastness of your transaction doesn't interrupt ad you can do it again next time when you aare going to get a transactions. Bitcoin nowadays is very stron and honestly I think no one will never ever can break it or killed itm it's just going to develop and develop. That's all. Thank you! :) Goodluck Bitcoiners! :)

I am willing to wait many days for a no-fee transaction 74ccfd796cf2cb404a2245f699fd0e5cdf2a3a6b8a7b9cf1169ff2f87c124557 to go through but how can I tell if it is still in the mempool of the miners?  Neither Blockchain.info nor Blockr.io recognize it anymore.  If it is completely forgotten then so be it; I just don't know how to determine if it is or not.  If it is indeed forgotten then I suppose I will need to take steps to adjust my wallet accordingly.  Oh, btw, the non-mining full node I run still knows about it (as seen via the console using gettransaction).

Actually there are many ways with which you can lower your transaction size so the transaction fee. One way is to have minimum inputs that mean rather than receiving very small amount of bitcoin in several transactions, withdraw only bigger amounts from any programs or services to your hot wallet.

Another way is to have minimum outputs that mean if you have to send bitcoin to multiple addresses than try to send it in one transaction rather than in multiple transactions.

Transaction fee can still be considered very low when we are sending 100$+ worth of bitcoin in one transaction.

You can find it here (this site tends to have a less forgetful mempool - Note: I think this site has recently rebooted, it usually shows a scary high number of unconfirmed transactions far in excess of other sites).

https://bitcoinchain.com/block_explorer

As to whether a miner will include your transaction will depend on the coin age and size:

https://bitcoinfees.21.co/

In my experience, it's well over a year since such a transaction would have been confirmed (even if it took a week).

So that your transaction is constantly broadcast to the network, you just need to sometimes go into your wallet. Or leave it open. And there are services that help speed up the transaction

For micro transaction making bitcoin transaction is not recommended, I prefer more to make micro transaction in other altcoins such as DOGE which has really a low transaction fee compared to bitcoin (when exchanging to bitcoin).


The blockchain.info is not recognizing because it shows that the minimum transaction fee is 1.5 Satoshi for byte which in your case is 0.
But here you can see your transaction:
https://www.blocktrail.com/BTC/tx/74ccfd796cf2cb404a2245f699fd0e5cdf2a3a6b8a7b9cf1169ff2f87c124557
But I doubt that your transaction will get ever confirmed because even transaction with low fee are having trouble getting their transaction confirmed.

Oh, thank you both for the sites.  If BitcoinChain.com and BlockTrail.com (and my full node) all still know about my no-fee transaction then are the miners still being told about it?  It would be great to be able to see the mempool of the miners.  If my no-fee transaction still has a chance of going through (even if it takes many days) then I am content.  I see at https://bitcoinfees.21.co/ that at least some no-fee transaction appear to go through (is that reliable/accurate/up-to-date?).  Can anyone point me at a recent no-fee transaction that did indeed get committed?

I think in somehow, yes, transaction fee can kill bitcoin. However, you should remember that you do not have to pay tax to use Bitcoin. Tax are higher than 1000x bitcoin fee and you still have to pay it every year. For the people who has a small amount of Bitcoin, I agree that there are no way to send Bitcoin with small fee and it cause many negative results to bitcoin and the blockchain

what about abandon transaction, you can find it in the transaction detail, but if you didn't pay the correct fee, it can't be in the mempool probably is forgotten and waiting to return to your wallet

The last time I sent a transaction similar to yours (it looks like you are trying to combine smaller UTXO's into a bigger one), it didn't confirm. So I zapped the wallet transactions to stop it rebroadcasting. What would happen, is eventually another node would rebroadcast the transaction after a week or even a month. Eventually I zapped the wallet transactions again, waited a few days so the majority of nodes would forget it, and then sent it again with a fee.

What was happening, is that although my  transaction qualified to the rules to be sent as a free transaction, other incoming transactions with higher coin age and value where pushing it down the priority queue for space in the block reserved for free transactions.

This free transaction space has now been dropped I think, and the core developers are removing the code behind the coin age prioritisation.

Your node itself might stop broadcasting the transaction when the coin age requirements for a free transaction get higher. Once the free transactions prioritised over it drops, it will start rebroadcasting it again, only  to find more free transaction of higher priority are being broadcast. So it stops broadcasting again.

Unfortunately at the moment, we have to pay for the privilege of combining our smaller UTXO's into bigger UTXO's because the blockchain is full. It is worthwhile though, as escalating transactions fees could leave small UTXO's unspendable.

There are plenty of pools paying out 1mBTC payments or lower still. These people will be in for a shock when they try to move it, as the transaction fee is going to be a very high percentage of what they think they have got.

i think the there is no rules and regulation for increase the transaction fee, as every exchange has their way of increasing the transaction fee i think they must be regulated and they should not have the right to increase their transaction fee by their own.

The transaction fees on the exchange site is depend on the bitcoin network situation, if the bitcoin network is get the spam transaction and they must try to increase the transaction fees to prevent his users are get stuck on their transaction, there is no rule for the transaction fees.

The problem is that is not what is happening, there are many transactions with low amount that are unconfirmed a long time, what will happen when the next halving comes and the fees gets even higher than they are now?

You can arrange for your transaction costs less if you want, I believe every problem will be solved properly

The transaction fees will not kill bitcoin. Eversince the bitcoin wallets were created, every transaction were charged with transaction fees. The fees are very low that's why many people preferred bitcoin over fiat. That is one of the good characteristics of bitcoin. The fees are cheaper and it is non taxable by the government.

False. Till this day, you can still send your transactions without adding any fees. It's only not a smart thing to do anymore as nodes simply ignore such transactions.


Back in the early days that was/could be the case, but not in current times. Right now the fees plus the confirmation times form such an obstacle for people, that there is no incentive to choose Bitcoin over fiat in local situations. Online is a different thing.


Fees cheap? If you consider $0.40-$0.80 as mediocre fee to be cheap, then we clearly differ from opinions.


Depending on where you live and how the jurisdiction in your country is set up, Bitcoin can in fact be taxed. The only thing is that you yourself must declare whatever you hold and made in profits.

I don't think the fees are going to "kill" bitcoin. But in the long run, making bitcoin less used as of today, yes for sure

Transaction fees won't kill bitcoin, but it have very negative impact for development of bitcoin. Due to big transaction fees, less people will join bitcoin because they will see that bitcoin transactions isn't cheaper than bank transfers. Cheap transactions was one of the main reasons why many people started to use bitcoin, but now it's already past.

Yes, it can kill bitcoins as even if you set the required fee, it still takes hours to get one confirmation. If you set a bigger amount (almost double the fee required), it will get confirmed within 10 minutes and that's not a feasible option everytime. Like earlier times, I used to see my transactions getting confirmed even with 0.0001 BTC and now with 0.001 BTC, I need to wait for 1-2 days. Accelerators also aren't working.

You are right most people do engage on bitcoin are those who love on less transaction fees on each money transfer and at the same time which you could also make it as an investment. Fees wont literally kill bitcoin but same as you said popularity and interest would really be lessen and those people who do engage to bitcoin would rather choose to keep it rather than making up transactions.

That's true. I face the same problem where I want to move some mbtc from web wallet to desktop one. From my point of view people will move their bitcoins only if they decide that is a big amount of value. That means they will use their bitcoins the most for savings, for trading with alts in exchanges and as commodity. Therefore, nobody will do any micropayment for everyday needs except if they can transact with some alts and merchants are happy with them.

Bitcoin has many features that work past the whole Blockchain confirmation thing. For instance; a villager wants a bag of oranges and they cost 0.004 BTC for them, the merchant may notice that Bitcoin's Blockchain isn't moving that quickly so they decide to befriend the purchaser and the purchaser gives the merchant his cold wallet that is on an external hard drive and the merchant just made money without relying on Bitcoin miners or new confirmation on Bitcoin's Blockchain.

Things like this work without transaction fee issues.

you can enjoy low transaction costs with bitcoin. it looks like you are using third party services that set a high cost.
try using blockchain to get the amount of the fee is more perspective.

Yeah right? Transaction fees is like Taxes, it is being use to keep the flow of the bitcoin network, to keep the bitcoin alive, to keep its process cycling all the time, again and again. Without it, the bitcoin network will die and you cannot process any transactions without it, so we can stop complaining about the transaction fees which is higher than before.

Well, there are many Bitcoin competitors on the market although many of them are just copy-cats and may not be able to withstand the advantages offered by Bitcoin. Personally, I would love to see a healthy competition in the cryptocurrency market as it would be beneficial to users/consumers in the long-range. Competition can help stall any rise in fees and some other problems.

There are many alternatives to the crypto currency market. But bitcoin remains the leader. And I'm sure that soon the problem of unconfirmed transactions will be solved

You are right and paying like 0.0005 btc is not what everyone can afford.
Most of the people are now criticizing this but actually this period where tx gets slow confirmations is a short one and hence we should just avoid it.
This time it has been a long time since this is happening and maybe that's why everyone is worried.

Yes there's no rule for the increase of fee actually it's free there are online wallets that are not charging when you are sending. But the thing is that if you won't include fees on your transaction, you'll not be confirmed immediately. You will be least priority. Another thing is that with the increase of bitcoin's price, people started to complained with fees and thinks that it can be a reason for bitcoin to collapse.

I always pay between 0,00005BTC and 0,0001BTC of fee, which is a very little sum, and I have no problem !

I don't think that the high fees will kill bitcoin, but I can imagine that they will put an end for bitcoin being used as a payment system.
Many of the purchases made are just too small to pay those fees.
So the increase of the fees would direct bitcoin back into the corner of speculation and investment.
Unfortunatelly that sounds more like an altcoin to me...

But one thing I am wondering: the fees are actually connected to the amount of transactions, not the bitcoin price (at least if I understand it correctly).
Then the fees would have to go down if the number of bitcoin transactions decrease.
Do they really do that?

That is great for you to for just paying that kind of fees because now the fees are expensive and the average fee that i'm paying is ranging from minimum of 50k satoshi and it always depends if i want faster transaction which will requires a higher fees. I do care about the rates of the fees and i think this is a threat for bitcoin in the future if they will not minimize this kind of issue.

I don't think it will kill bitcoin, but I definitely know that bitcoin was very famous for microtransactions, and people transacting using bitcoin definitely take a hit. On the other hand, while they do get limited on the transaction fees side, there isn't a better option out there right now. Not sure if any other altcoin will be able to take its place.

Yup, basically bitcoin will not burden its users in every transaction they will do yet bitcoin is a product, which one day will surely be there is a problem that could make someone be disappointed because of the problem. Bitcoin can indeed problems on the break, but if anyone has any has yet bitcoin (owner) has not appeared so it only has a bad place. Note If you are not using the appropriate transaction fee recommendations then will confirm the longer levels.
 

One of the main salient features of bitcoin is that transaction fees are very low when compared to other payment systems.But high increase in transaction fees today has made us to think we have compromised with main feature of bitcoin.

It's a no and a maybe for me. No, because people tend to invest big amount of dollars already with bitcoin and I don't think just because with the fees it will kill the society of bitcoin. It's a maybe, because those people who are sick with confirmation delay and as well as the fees will find some alternative coins for it.

That is not true. Bitcoin universe hold more people who transact less money everyday in trading or selling/buying. And the fees and delay in transaction time are making them frustrated.

To OP: am afraid so, yes. It may kill Bitcoin one day but the transaction fees are necessary to miners. Hope to find a solution for that.

I understand what the Op is going through as the fees are high, but I feel one should only make transactions if required to reduce the fees. Then again one can't even entirety complain for the fees, the miners need that kind of fees. That's how they will be able to continue being on the the business. Will it kill Bitcoin maybe for the small users yes who shall grow tired of using Bitcoins and paying high fees. But for the large users who have already invested so much in it, I don't think it will be effected as they would be happy to pay a fees to protect their investment.

For me transaction fees will have a negative impact in the long term, discouraging many new users in doing transactions to have an idea on how bitcoin works.
This scares me because it stops adoption.

Yes, I hope there are solution for the problem of block size and high fees transaction,
although the solution of segwit still not be activated because there are comunity disagree with segwit,
we hope there is solution can be accepted by all of comunity bitcoin.

As long as the transaction fee required by bitcoin is still lower than that of any money transfer like Western union, that wont happen. It is understandable that every transaction we do would require fees. But if the transaction fee of bitcoin continue to increase its value, maybe bitcoin would lessen its reputation in the investors.

Not really, even at large amount there will be a lot who will use it. Just thinking of what else it offers will get you hooked with it. It is not just about the transaction fees that are featured by bitcoin. The security of everything being transacted and the investment part are the special ones. So they might stay with that reasons.

I disagree.  Bitcoin is designed to have more convenient transactions.  If a person sets lower fees, the transaction either takes a long time to confirm or doesn't confirm at all.  That's why there are loads of different threads on the forum with the same topic, talking about when their transaction is finally going to confirm.

If Bitcoin users have to decide between extremely inconvenient and extremely expensive transactions then Bitcoin has been unsuccessful in its purpose as a currency.

No, it is not valid reason to kill the bitcoin. Do you use Western Union, and have you pay its amount transfer fee?
Western Union has more fee than bitcoin, and bitcoin has charged lowest fee. In my thinking, bitcoin give us a facility of amount transfer in a lowest fee.   

Transaction fee at times increase based on the increase in value of the bitcoin value. This never becomes a big issue to kill bitcoin or stay opposing the growth of bitcoin as adoption and market acceptance in physical and digital goods were keep on increasing.

If bitcoins value keeps increasing, even it the sats/per byte fee doesn't increase, I think I will buy my goods using Visa. That way, the store pays the fee.
Bitcoin utility value eroded.

There is nothing we can do with transaction fees right now. All we can do is that we do not transfer small amount so that transaction fees will not be wasted. Wait until scaling is resolve and we will have a better fees

Well i haven't experienced this kind of stuff having a high price fees in my wallet they don't tax us in sending money but they gave us 1% of what i send money from my other wallet. In your case that's really hard and i don't think its the end of bitcoin but its the end of your wallet but you have to change wallet if that's the case and also bticoin has grown much larger and more expensive :)

I think big transaction costs will be a barrier to any payment method!

Right now, I have two transactions sitting in memory pool doing nothing.

I relied on bitcoin core and took the suggested transaction fee and even added to it, so the transaction should be through within 10 blocks.

That was 5 hours ago. Eligius writes something about pool policy of 4096 Satoshi per 512byte.

I have a ~1.7kb Transaction with over 127000 Satoshi transaction fee and it's not getting confirmed.

So how big are transaction fees at the moment and why has bitcoin-core 0.13.1.*  f*ed me over?


Rico

OP, transaction fee shown in wallets are recommended values and not the exact ones that you need to put. However, they are recommended in order to have your transaction taken in the block earlier, because nowadays miners are interested in higher fee due to high costs that they are facing in mining and longer duration also for them to be able to reach their ROI.

That's about 73 sats/byte fee, if I calculated correctly.

https://bitcoinfees.21.co/

Currently 6-142 blocks until confirmation estimate.

Fees are there to keep the equilibrium of the transactions and the value of bitcoins. It will really matter on transactions you are making. As a matter of fact theres a fast change of value in bitcoin  it can be higher tomorrow and becomes lower the other day and vice versa. The best thing youll do so that you wont be dissapointed is to transact or transfer the needed or significant ones and dont waste on the little fees. As what i can see its not the end of bitcoin since its just a cycle and many individuals are patronizing it even with its unpredictability and sudden change, im pretty sure of this.

Definitely it will have negative impact on Bitcoin especially on Bitcoin newbies and wouldbe's . It is a very important issue that needs addressing urgently and I hope the calls out there would be heard in due time.

yes it will not really kill bitcoin but still i will like to say that it will create problems, i think this issue must be solve in priority basis, because if the increasing trend of transaction fee will continue then it will certainly create problems.

yes that is right that although it cannot kill the bitcoin but still it it can put very bad effect on bitcoin.

It depends on what people see Bitcoin as more a means of transmitting currency or an asset class.
Until the community decides that we are stuck with the higher transaction fee in simple terms.

I was taken by surprise when I sent 0.005 BTC and the transaction fee was 0.003 BTC which is more than half of what I sent, I miss calculated that one and I know its my mistake but I learned my lesson there, you can't spend that amount of BTC without suffering from the transaction fees. It's either pay the high transaction fee or lower the transaction fee but suffer as well for the long waiting time of the transaction to be confirmed.

Yes it is making them frustrated that's why the core dev's of bitcoin is trying to do something as solution to this problem. This is just a good indication that bitcoin is spreading it's popularity and a lot of people are transacting everyday. But with my experience the delay is just a normal thing, I just need to wait for a couple of minutes or hours.

Bitcoin is decentralized, anonymous and irreversible so paying few satoshi more to get all this benefits may not harm anyone. And you can compare bitcoin fees with fees like paypal have than you will realize it is nothing compared to their huge fee and chargeback issues.

I definitely think so, many people have chosen to use bitcoin because they were tired of the other payment methods which not only take forever to complete a transaction in, but also, they take like 3% on every one; and lately bitcoin has been going toward that idea and it is not good, so I hope this gets fixed.

this whole high transaction fee is a temporary setback which is likely to be fixed sooner or later...
seeing how efficient the transaction accelerator is working for small fees(0.0001btc),there is definitely a life line for bitcoin.
Besides high tx fees mean there is demand for btc and alot of people are actually using the technology . So transaction fees cant kill bitcoin.

https://www.reddit.com/r/btc/comments/5xsxhu/for_552_of_bitcoin_addresses_fees_are_now_bigger/del080f/ opened a can of worms, stating that 55.2% of all Bitcoin addresses would be eaten by transfer fees.
Oh wait, is that statement even true? What if you bundle several "dust" addresses sending into a single target address? Should be requiring 1 time fees only.
I recieved some dust from former mining that is less than average fees. Can only push it into a bigger amount carrying address supplied with almost zero fees and wait 2 days if it works out, and redoing UNTIL that happens - dammit!

There should be a slow lane or a contingent like 5% of all transfers that gets special handling for exact that case.

Not really.   The fee is proportional to the number of bytes taken on the block chain.  And each input takes about 180 bytes.  So your fee is more or less proportional to the number of inputs.  If the fee for 180 bytes is higher than the UTXO value, then this UTXO can never be spent.

I think it can be die bitcoin if they are continue to increase the fee into high just like other people they are slowly converting into altcoin or they are using other payment processor due to high fee increase..
Just like my 2 transaction i send a bitcoin for 30 sat it takes long time before you receive 24 hours or more.. but when i use the dynamic transaction which included to the next block the fee is 0.001 btc plus that it takes few minutes or hours.
That if it will increase more in the future.. how about other people who are saving for a small amount can be exhausted for just transferring bitcoin to other wallet..

i do not think that the transaction can cause bitcoin to die, but no doubt that it will put a great impact on bitcoin, i think the transaction fee must be under control and can only be increase on certain conditions.

Well you say this but you dont even bother to post what the fee would have been?  Unless you where transferring a very small amount of bitcoin or bitcoin from a lot of faucet/dust transactions then i doubt it was that expensive that it wasn't worth it.

The problem with high fees is that eventually the fees can be so high that the amount of bitcoin that you have in your wallet is not enough to pay for the transaction in itself, this is happening with faucets but it may happen also to all of those that make microtransactions in bitcoin.

There use to be a reprieve from fees using Coinbase, as of the 21st that is over.

https://cointelegraph.com/news/bitcoin-ethereum-fees-now-for-users-to-pay-coinbase



 8)

Then don't use faucets... they're just time wasters anyway. I don't know about you but I'm worth a hell of a lot for then 10 cents an hour thank you very much. Spending one input right now is about 30 cents if it's low-medium priority (so it confirms within a few hours). That's not a huge amount of you're dealing with decent sized (in terms of monetary value) inputs.

Getting rid of transaction fee may be the cause of increased of people would choose to start on bitcoin. But there is a consequence in this action. Because transaction fee is a fee that may help to develop bitcoin more. And if the support of people will increased the demand also increase resulting to its value to change it either become high or low . And since bitcoin doesnt have tax there no reason for the users to complain on a little amoun of fee.

it is not about the transaction fees anymore. Bitcoiners are suffering a more disturbing issue: the confirmation time. There are 2 ways to solve this problem. First is the Segwit. If the people decide to activate Segwit, they can easily reduce mb in every block and allow miners to confirm more transaction. second is to increase the fee of every transaction. However, this way only helps rich people who afford to pay more fee

in act faucets  can give you a very limited income, i think it is more better to invest a little amount of bitcoin in trading instead of wasting time in faucets .

I will not catch very much in the opportunities for earning money on the trade, since I recently study bitcoin, but I'm sure that the trade is better than the cranes. The main thing is to know what you are doing and why. Although in trade, too, you need to have good luck.

to me i think it is not going to kill bitcoin but i think it will certainly put great impact on bitcoin. i think this problem need to be solve on reality basis.

It's not the fee that will kill bitcoin, it's the apathy of the core developers.

The current infighting over block size is a symptom of a problem far worse than the block size, it is a symptom of developers that continually refuse to listen to the needs of the users.

And that is what will kill bitcoin.

We have already seen it drive off many very skilled developers.

in fact transaction fee is creating problems as most of the people are not happy with the increasing transaction fee, i think this problem must be solve as soon as possible. because it is really effecting the image of bitcoin.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

At the previous time, I just think if the bank or some of the official decision will kill bitcoin in the future. But I'm surprised because the internal problem will kill the bitcoin itself. This drama really sucks. The splitting of the blockchain will make the bitcoin become useless in the future.

What some people interpret as apathy would be considered sensibleness elsewhere. You could throw out a quick and dirty fix every day of the week to sate the users. The users would then come back and slit your eyeballs when the entire thing went up in smoke the following day.

If you hadn't noticed they have provided something that'll enhance usability so write to your local miner if you'd like to try it.

I don’t use faucets I was using faucets as an example of what will happen to other transactions if the fees keep getting higher without control, the fees could get so high that the balance on your wallet will not be enough to pay for it, that was what I was referring.

It is becoming an issue since people are making issues out of it but apparently if you are going to compare it to transactions that you make in the banks (especially if it's a large sum of money) you will see that it's small compared to what banks charge. Also, it helps you move funds without counting any banking days, just minutes or hours depending on your fees so no, higher tx fee would not kill bitcoin but it will cause some hysteria among the regular FUDsters.

Transaction fee won't kill Bitcoin. The main issue now is with the block size and we just have to solve that. Even now, transaction fees are still relatively reasonable as compared to other payment processors. Once we manage to scale Bitcoin, we can easily accommodate for more transaction volume.

Right now we are far from that point when transaction fee could be called high compared to other options of money transfering, like Western Union for example. People complaining about high transaction fees for BTC probably should consider two things:

1. Western Union charges $5 for a money transfer of up to $50, and a transfer of $900 could cost $76. So even paying the recommended transaction fee for BTC these days will not cost you that much.

2. It's not necessary to pay the recommended fee. If you are not in a hurry and can afford waiting up to 20 hrs for the first confirmation you can make your transaction fee two times less or even three time less than recommended, and sooner or later you transaction will be confirmed anyway. Of course it is not advisable to pay less than 50 satoshis per bite, but I mean you don't have to pay 200+ satoshis per bite always.

This is a very stupid question! Here is why:

Transaction fee is high because competition for blockchain inclusion is high. Saying that too much competition will kill bitcoin is like saying a place is not attractive to people because it's overcrowded...

But could you explain why establishing high fees now is a good thing for anyone at any time? Allowing capacity for higher transaction volume at lower fees is a much better plan of action. Ideally we should be sending for as near to free as possible, it being "relatively low compared to alternatives" shouldn't be the goal. Especially when those alternatives we're measuring ourselves to are traditional banking and not the litany of cheaper means of exchanging value through other crypto currencies.

What you are telling is true that when comparing to bank and paypal charges it is much much lesser charged for transaction fees recently but being the Bitcoin user and use to pay low fee and suddenly you see that only the high transaction fee payer got their transaction faster confirmation getting trouble as then users will start to think that bitcoin is also starting to react just like banking system is doing like favoring the big customers and dumping the lower ones.

Bitcoin fee is the part of the bitcoin plan since long. The idea of fee is to sustain the miners when the block rewards decreases. So the fees will only keep increasing with the discovery of every block. However, it can also take bitcoin to extinction slowly. The big amount people would not mind, but the smaller amount people, will have a reason to worry.

If we are seeing this exorbitant fees in 2017, then think what we will see after few years. A solution is needed now to save bitcoin's interest. Otherwise, people will start using other coins like ETH or dash for their payments which some people have already started using for future. 

Biggers Blocks, means more room for transactions which means the fees will be cheaper per block.

BTUnlimited is the only real solution, aside from moving to faster blockspeeds.


 8)

Bitcoin is not for everyone. Bitcoin is the Rolls Roys of cryptoworld. Poor people can't afford it and should use cheaper alternatives like altcoins. Most creative individuals will develop payment/settlement pools for offchain bitcoin transactions and thus offer veeeery good Rolls Roys replica to poor people at symbolic transaction fees. However, to trigger such an innovation drive bitcoin transaction fees must be really high. Conclusion: until this happens carefully plan your bitcoin transactions to save from transaction fees!

It is not apathy, what it happens is that bitcoin is no longer a project in a dark corner of the internet, there are hundreds of thousands of users and millions are moving everyday, so every change in the code needs to be though out properly because if it is not then the losses can be catastrophic.

I never had really bothered about transactions fees as coinbase.com was not charging any for the same. But suddenly coinbase.com has announced it will be charging a transaction fees, for accounts different than than coinbase.com. Definitely this will kill the interest for many users like me, who were not charged the transaction fees. As of now the only way to beat is to. Make sure that I trade with a coinbase.com user to save on the fees but not all use that. I think this will effect the use of Bitcoin users.

Then they are going to lose customers to other exchanges that decide to keep that policy in place despite the high fees, whether is a decision that will save them money or that will make them lose money in the long run is something we will see in the next months.

the absence of transaction fee is what attracts many users bitcoin to wear Coinbase, although there Coinbase loyal users because the security, web design is nice and easy to use, they'll likely lose a lot of user for policy they make

It is simply a reason to pull more users into making accounts thru then and using their servuces.
That is a good marketing strategy to make more funds or for a larger profit. Hands down to the marketing specialists of coinbase.
But for some reason I doubt that will happen. Many users have been using different wallets for their proection or in case one is down.

but i think that the exchanges exist on the transaction fees and i think it is most important to have some reasonable transaction fee which may not effect eh users too much and they can pay it happily.

This is a very valid point of argument.
High Transaction fees is a major liability of using the bitcoins.
Many users have already started complaining about,
And many have already stopped using it too.
So as a matter of fact I see a very high chance of,
Bitcoin loosing its hard earned popularity.
But this would be a very slow process it may take up to 20-30 years but by then ,
Seeing the situation there may be developments to avoid high Transaction fees I assume.

Hopefully you’re right. If things work out well, competitive pricing/cheaper transfer methods will drive down the fees. When one person has found a way to make sending bitcoin really really cheap, every other service will find themselves struggling to keep customers at this price.

The bad news is that this will probably require a pricing bubble to happen--the fees for transfers are going to go up and up and up as the services get a little bolder, and as users keep outpricing each other in hopes of having a fast transaction. But eventually the bubble will crash after people become unable to pay that much just to move money, and prices will come way way down.

This is common sense, transaction fee  is always a part of it, and its normal for bitcoin.  Even you are disappointed with the fee you do nothing but to wait or still follow it.

I think it is better to review this transaction fee because too much fee will discourage prospective bitcoin user to find other alternative means, considering the fact that BTC to USD rate is falling. this add up to the burden.

Yeah I think it is a mistake but they know better than any of us but if you don’t get free transactions you may as well use another exchange or use your own desktop wallet to score your coins.

Transaction fee is part of the economy just like in the real world when you are going to use remittance you need to pay transaction fee because that is their way to have a profit same as in the bitcoin transaction fee is the way of the creator of the wallet to have a profit and I think that transaction fee nowadays is reasonable so that is not over price. It is the part of bitcoin the transaction fee nothing is to be worried about.

If you are going to compare the transaction's fee between bitcoin and fiat currency, bitcoin's fee is still cheaper than fiat currency and reasonable at the same time. It is also better and worth it to pay tax to a miner owner since they pay the power and for its electricity and maintenance to maintain the good service. It ii also better to pay miners rather than paying to government wihout doing any thing but collecting which is unfair on the user's side.

Transaction settling on the main chain doesnt have to be extremely cheap because it isnt efficient anyway with in person payments. Lightning network solves these problems because hundreds or thousands of transactions can be settled at one time. You dont need to use the main chain to buy coffee. We would get lightning if we can get malleability fix despite if a block size increase comes with it.

I think not, the fee will not kill bitcoin, all transactions are certainly reasonable because they also pay the employees working. Real transactions also need fees, so I think it is fair.

Yes it is fair but the continue rising and being expensive fees is not fair because it will make other users uncomfortable in doing transactions because they will always be annoyed of high or expensive fees. So for me i'm against the over priced fees and it is not fair to pay fees too much.

to pay any transaction fees are normal. but if the more expensive transaction fee. then it is not fair. it will make the users are reluctant to transact using bitcoin because of expensive

Although the higher fees will take BTC beyond the middle class, I don't think it will damage Bitcoin in any possible way as the real players will still keep using the currency. Plus many exchanges drop the rates as the amount of transactoin goes higher. in conclusion, The currency is there to stay and won't go away anytime soon.

I think the transaction fee will kill bitcoin. If the transaction fee is so high, I think many will find another way or another coin to transfer their money, many user of bitcoin will not use this bitcoin in the mean time. But if this transaction fees high will continue many will not use bitcoin, and there's a chance that this bitcoin will dump.

But if you compare the transaction fee of bitcoin let say against Paypal or Visa, bitcoin as mode of online payment is still cheap specially if this is used as remittances. Using WU for transferring money from abroad to their families takes some days before receiving it. But will bitcoin they can received it within hours if they just put reasonable transaction fee. And I think its just normal if you want to get or received bitcoin right away increased the transaction fee.

I dont think it will really kill it.
Recently the transaction fees grew at a price that many do not agree with.
But did they ever look at the brighter side? It is getting faster now.
How about for now we just have to endure this large transaction fees and maybe there will be a time it will go back to a lower one once it will be all cleaned up.
Besides, it is a good thing also since we are going to minimize our number of doing transactions. Maybe we should sometimes let it stay in a wallet.

Meh, the transaction fee will not kill bitcoin. Fee is normal for every online currention and i think the transaction fee on bitcoin is really small even your transaction is very high like 1 btc($1.1k+). If you compare it with other online currencies like paypal, the fee is really small.

In my opinion, the one that can kill bitcoin is the confirmation for each transaction. Because, the confirmation is really long, sometimes you can wait up to 8 hours. They need to fix this.

Fee depending with the amount you wanna send. Also, of price of the bitcoin that moment. And which wallet do you use. Yes some transactions have very high fee, but usually I can change, how high my fee will be. But still I don't believe it will kill it.

Transaction fee doesn't seem to be an problem​ of bitcoin to get ended up. Only the user who expect the confirmation in a short time place increased transaction fee. Also here most users consider the insight as an initial confirmation, later on it gets confirmed even if small fee is placed. Just due to transaction fee it's not gonna get killed.

if the transaction fees in bitcoins increase then it will totally  kill bitcoins. but if u want to send it then there will be rise of altcoins and i think it is gonna happen nearby soon if the transaction fees problem have not been solved nearby soon.

If the transaction fees keeps on increasing then there will be no difference between banks and bitcoins and it will surely make people to get rid from bitcoins as people are using it only because bitcoin involves less transaction fees.

For me I dont think the fee will kill bitcoin if its increasing in relation to the price of bitcoin because people won't care to pay high fee if the price or the margin profit to be made is more than the cost of transaction fees but the reverse might be witnessed if the price of bitcoin is dropping or dropped but the transaction fee is still maintaining the upward trend. Then I see people looking for alternative means of transaction...

Bitcoin is getting so expensive that we send small fractions of Bitcoins and the fees will soon be too large for very small amounts of Bitcoin. I think this is where altcoins can be helpful. Altcoins can be used for small transactions while Bitcoin could be used to move large sums of money. This way Bitcoin and several altcoins can exist at the same time. Kind of a symbiotic relationship and the miners can keep getting paid.