Bitcoin Forum

Which important for you price increase or fee decrease ??? or other factors

i mean it’s better to see price rising up or fee going down

Ideally, both. But right now, the equivalent of one coffee requires a fee equal to several beers.

For me, everything is important. But I think that for the development of the popularity of bitcoin is important to be able to buy goods directly, without heat exchangers. It can give us many new opportunities. We will save on payment for the exchange of bitcoins for Fiat, and so the payment for the transaction will not seem so big. in bitcoin everything is interconnected and therefore definitive answers are not. Any problem should be considered comprehensively.

What's more important for me is fee decrease but I would like to have both ideally but for now bitcoin needs development in order to achieve this seem to be a pipe dream for now without sacrificing one. Blockchain needs to be able to accommodate a lot of transactions with cheap fees if it were to be mainstream. People would not want to use bitcoin because of high fees. For this reason I would rather to have btc price decrease and fee decrease than having them both increase at the same time.

A reasonable fee (especially for micro-transactions)  or else Bitcoin will be unusable for this kind of payments, then it comes the price  ;)

I think I will go with the fee decrease since a lot of bitcoin user is still pissed with the miner's fee.

But then again, price increase will be great too since we are all saving our bitcoin for that so it will be better if these two happens.

Both are very important the price increase and also the fee decrease. Many have the high hopes that bitcoin will provide lesser fees in every transactions. And ofcourse the continuous increase of bitcoin price these would also attracts more users.

Price.

Fee is something that will only go down if less people use Bitcoin or when the developers implement some scaling solutions. Obviously no one wants less Bitcoin users, and the developers implementing scaling upgrades is an entirely separate issue. So while I obviously want the fee to go down as Bitcoin won't be seriously used as a payment platform until fees get back down to a few cents, that is just a question of getting the developers to implement scaling solutions.

The rising price is what drives the continued adoption of Bitcoin as an investment asset. Even with low fees Bitcoin will be primarily used as an investment until its growth has matured so that it isn't growing exponentially anymore. This will likely be in a few years as the price goes from 4 digits to 6 digits the next few years.

However getting back to low fees will instill confidence in the future utility of Bitcoin and therefore drive the price up.

So price for now, but developers need to implement some sort of scaling (2x or 4x or 8x blocks would be very easy to implement) soon and this will drive fees down which will further drive the price up.

If you think about it... if the fee is going up a lot, it is either

1) Because it's getting used a lot to transact
2) Because it's getting spammed (attacked)

And if 1) or 2) are true, while the price keeps going up, it just confirms how BTC is highly valued. People are ready to pay these fees or BTC is important enough that attackers are wasting billions spamming the network. As long as price goes up it's good news.

Price of Bitcoin is most important but these 2 issues are interconnected in my opinion. What I mean is that high fees can hold the price down if investors think this reduces Bitcoin’s value. It most definitely will affect the potential use of Bitcoin as a method of payment.

Another important issue is transaction time. As more people use Bitcoin, the more bogged down the blockchain gets and the slower the transaction times are. All these issues are interconnected, but as long as the price keeps rising, then obviously the fees and transaction speed is not too detrimental to Bitcoin’s value.

ideally it should be both of them,
because between one and another have a huge relation.
for example Bitcoin right now,
many people hesitated to use it as their payment point due to the price and the fees.
look at it right now,
when we're trying to send some of our Bitcoin we need to spend around $5 to send it,
it's an average fees for every transaction,
if we're lowering it,the transaction time will be increased a lot and with that who knows what will happen with Bitcoin price ?
and how much that we need to spend if we're sending a thousands transaction each day ?

so between price and fee,they have their own use.
and both of them are very important for users.

Obviously, price. This is what drives the market, attracts more people to invest in Bitcoin while making holders gain more profit in the long-term. Nowadays, newcomers are looking at Bitcoin as an invesment asset rather than a tool for payment. So as long as the BTC price keeps increasing, the influx of new money will be bigger.

Fees are problem but there are people and groups of developers working to solve the issue. But right now, fees are more than fine, you can pay at least 40 satoshis and your trasaction will go through in a short time. Anyone complaining about fees today should either change their btc to an altcoin or wait for the full implementation of the scaling proposals (Segwit, Lightning Network).

Price is important because it will support more people to join bitcoin that will make high demand and more increase

price increase is very good for who already has bitcoin, but imagine that you have $15 in bitcoin and buy a T-shirt that costs  $4, but when you pay you should pay  $4 for the T-shirt + $10 fee, this is something very problematic especially if you want to buy this T-shirt to resell, bitcoin is good, but these high fee are a big problem, I had to pay more than $10 fee I still had to pay another $35 fee and I confess I was annoyed for days.

There are several people who are betting that a fee decrease will lead to a price increase. Bitcoin's high fees might result in it being unable to realize its full potential. So I would not belittle the importance of low transaction fees.

Yes, I agree with you. If the fees are lower, there will naturally be more support which will end up driving the price up anyway. Having low fees not only helps the current bitcoin users, but it also allows for people to get into the currency much more easily. They won't have much to complain about if the fees are so low.

I was more  concern with the fee because there are lots of small transaction that just eating by miners fee..  and this is not good when dealing to someone..
If the price of bitcoin is getting increases the miners fee should not change its value for miners fee it could be more worst in the future because there is possibility that the price of bitcoin can be increase more.
So if they can solve this issue expect that other company will choose to accept bitcoin as their alternative payment processor.  like buying cheap domains.