Bitcoin Forum

Here is why btc will die as a crypto

https://i.ibb.co/CtDRD7x/Screenshot-from-2020-11-22-04-46-30.png

.7028 btc fee to send .2191 btc

If you think the reason why bitcoin exist is to make fast and cheap transactions, you don't understand what cryptocurrency is about.

Bitcoin is not about sending money fast or cheap, but about sending it freely: Immutability, censorship-resistance, and permissionless.

All "fast" blockchains are just centralized and slower than visa. If you don't care about decentralization and just want to make fast transfers, you should use Visa.

Edit:
I just checked the mempool, it is completely empty. You should have used 1 sat/byte and paid less than 0.01 usd.
Next time, check the mempool before sending
You can do it here (https://bitcoindata.science/plot-your-transaction-in-mempool.html)

A lot of the early use-case for bitcoin was absolutely that it was fast and cheap. I remember because I was constantly arguing with those people that bitcoin was neither faster nor cheaper than centralized transfer methods. The only "improvement," as you pointed out, is the immutability of transactions. But I put that in quotes because I don't really consider that to be an improvement. Bottom line is that Bitcoin is pretty trash as a currency, I'm not decided on it's future as a long-term store of value but it's certainly a lot brighter there than as a currency.

There was a delay in confirmation for a while but the mempool is not full and you can make a successful transaction with just 14 sat/B within 10 to 20 minutes and if you are interested in that and you want a much lesser fees 3 sat/B can confirm within an hour or two.

In the beginning BTCitcoin was all about sending money fast and cheap but things changed after 2015.


I understand what you are saying but we are still young as a currency and we will sort out the shortcomings, right now the only problem is micro transactions and lightning is a solution and we will see more upgrades in the future.

This has to be anomaly, but i'll confess i've been out of the system for a while and things change quick so maybe i'm just naive to what's typical these days.

Most importantly, higher fees aren't going to kill bitcoin because the market has determined that bitcoin is not a currency, it's an commodity asset for investment.

So when there's research to be done about bitcoin transactions, we gotta start at the source - blockchain.info charts on average transaction fee. (https://www.blockchain.com/charts/cost-per-transaction)

The average transaction fee has been increasing over the last year, which everyone has expected as block sizes decrease and the price of bitcoin increases. However the average still remains lower than $100 per transaction. The chart I linked doesn't specify average transaction size but that chart's data alone doesn't support any reality that transaction fees would equal a fee that's 3x the transaction itself.

Stop spreading FUD, friend.

Although what you say is true, I think he's got a point: bitcoin was coinceived as P2P electronic cash system.

However, I think that its greatest success comes from being a P2P store of value system. The best store of value actually. This was not Satoshi's original idea but a creation often goes beyond the original idea of its creator.

I think you are getting this wrong entirely, there are many use case bitcoin is a good alternative even while using it to send funds, especially for cross border payments which is very easy and low fee if compared to fiats. Also people can still find ways to make use of bitcoin to send as low as less than $1. With what the OP is saying, he is very wrong, with the fee, people still buying bitcoin and its value is getting stronger daily, and bitcoin fee can be very low because its transactions is not in percentage of amount transferred, like if sending millions of bitcoin, the fee will still be the same as normal bitcoin fee.

The problem lies only with the foundation of Bitcoin, since there is no one to manage it, so it cannot be upgraded. But also because no one is managing it, it is the type of asset being held by many large financial funds. In general, it's quite similar to gold, and it makes sense to be expensive to exchange.
So don't complain about BTC, there is a reason for whatever happens. We should pay attention to the value of Bitcoin instead of criticizing its technology.

I don't think bitcoin will die with just that huge fee issues and besides bitcoin not  stands out only on that fees but also it integrates with so many functionalities wherein you can send bitcoin to anyone else, being anonymous, secured and well encrypted payment transactions. Bitcoin's adoption and ideology were already far wide all over the world that people continue using it whatever they are needed to do about it and with that alone bitcoin continues to prosper even more. Even price is going strong day by day, so that's why I believe bitcoin will never fade and will stay forever.

Not to go against you, but I do not think btc will die for any reason and not because of high fees.
These fees are way too much but there are ways to avoid paying such high fees. 
Learn how to read the mempool and dont pay more for fees then you must.

Crypto is not only about how scalable it was but bitcoin is not suitable anymore to be used as a payment system.
Crypto is about how you can manage your finances without getting disrupted by another party. Bitcoin is dead as a payment system.

I guess you are seeing crypto from how fast the tx that can be performed by the blockchain. what about segwit?

Its not BTC that will die because of this. It is people who are stupid and are unable to take decisions regarding how they transfer value to others. Bitcoin fees can be managed. It scales really well as the value of your transaction increases unlike the current system where transaction fees will increase with value of transaction. People who can manage the risk and find proper use case will end up making more money than those that don't want to learn.

this is why btc will survive. if there isn't any economic advantage for miners no one will produce blocks.
if no one wants pay a fee it means the blockchain (or the right to wright on chain) has less value, less interest for all of us. If you change your inputs and adapt sat/byte expense, you are going to pay normal fees, maybe it will not be processed faster but just matter of time.

There's a typo it should be in mbtc unit. And yes, this the only weakness of BTC, the mempool can easily be flooded on the current user so what's if mass adoption occur. Maybe x10 fee or more than the sample. Scalability is still the issue on BTC blockchain and most of its competitors like ETH are striving to solve it with the upcoming V2.0. They will resolve it too but I believe there competitors are already ahead. I'm just holding some BTC for my future investment but I don't use it regularly on my casual transaction since the fee is bloody high.

Hmm .. where did you trade Bitcoin? Why is the fee so high?
I currently trade Bitcoin on normal app wallets and the fee is quite low. If Bitcoin's platform has such a high fee, why not try to use the Wallet apps? Coinbase, Blockchain, Trust wallet are all reputable apps to keep your Bitcoin there and Deposit or Withdraw is very fast and fee is extremely cheap, especially at Coinbase.

Everyone using Bitcoins is very well aware of the fact that these transactions do take time and therefore whenever we are doing them we usually prefer to take that into account

 At the same time mempool have been quite busy now a days because the price is rising and the trade volume is also, therefore it is now actually taking quite a while for the transactions which are normally supposed to happen fast.

So there are quite a few things you can do:
First change that trading platform
Use other methods
Use a platform where you can increase the fee if the transaction is congested
Use good local wallets

Even if it die as a crypto , it would be quite beneficial for us since HODL will never be old.

Bitcoin will not die as a currency, it will just become a currency for rich people to move funds across borders. The fees have a tendency to spike during periods of huge interest and this can give a distorted view of the standard transaction pricing at that moment in time. There are so many factors involved in determining what price will keep bitcoin workable, however there will tend to form a "sticky" point of value. A trade-off value between the fees and the convenience of not involving banks - that have their own sets of fees and timescales which can sometimes be very inconvenient in different circumstances. Ultimately bitcoin has two factors to it - usage as a currency and the rarity factor which can make it an investable asset.

Exactly, just because someone made a mistake in calculating transaction fee is already a death sentence for bitcoin. And to be fair, it has made a lot of gains in the last 10 years that we won't see it  dying anytime soon. Although I would agree that it was conceived by Satoshi to be a payment method, it has evolved so much that not it has become a store of value and as an investment. But it doesn't mean it will die , its the prime mover crypto and will remain like that in the next 10 years.

Is this the only reason why Bitcoin will die? Every system has some bugs, Bitcoin isn't perfect, but the problem of high transaction fees can be fixed.

You guys read too much bullshit from Roger Ver and Faketoshi.


Being able to send money to whoever you like, without a banker says if you are allowed to, isn't an improvement?

Remove the power from governments to print money, isn't an improvement?


Another faketoshi reader  :D

Bitcoin was intented as a store of value since the genesis block. This is a clear message criticizing central banks worldwide and showing bitcoin as an alternative.



Additionally, what all you guys say is "technology" is just a design choice. 10 minutes blocktime is a design choice due to limitations taht a smaller blocktime would case, jsut as like blocksize.

Reducing a parameter to a smaller blocktime or a bigger block wouldn't make it a new tech.  :D

Well, don't be surprised too if one-day bitcoin will die because of the high transaction fee, -- I am pretty sure that it will never happen. The reason for this high transaction fee is because of the traffic due to the increase in demand and interest of people about it but I am positive that it can be resolve once bitcoin reaches full global adoption and became established as another form of payment method in the market. Besides we all know that we are now experiencing mass adoption and lots of transactions are being on the mempool but once the system will be able to cater high volume of transactions rest assure it will pull down the transaction fee as well but for the meantime try to find a different trading platform that can meet your preference.

Agreed high transaction fee happens every now and then on bitcoin especially if there's a high demand due to a lot of transaction being done at the moment and traffic occurs. Right now, there's a high demand for bitcoin as it's price is high and a lot of people are buying bitcoin to sell when they reach a certain price or when a dump occur.
I don't think that high transaction fee will be the cause for bitcoin to die.

 

Had a good laugh at this thread title, what ensues usually from the OP is just a clear lack of understanding.  They paid a higher fee than they'd like to see without looking if they need to.  You hit the nail on the head with your 2 points nothing more to add then this. 

The people who knock bitcoin are usually the least educated about bitcoin :)

You just gave another reason btc will die as a crypto ... if a kid need to study cryptography , math , programming etc ...to buy candy with bitcoin ,then it's not a good crypto . Btc is mostly a proof of concept.Not very functional and user friendly. This is why people prefer windows and macOS instead of  linux . Linux is for pro's , windows and macOS is for avg Joe.

Because of transaction fee or slow transaction you can't tell that bitcoin will die as a Crypto. In my opinion this is a good coin. Too much potential. I see that when bitcoin price is going to up then so many coin price also start to rise. In the present time transaction fee is high. I think you need to show other reason to tell that Bitcoin will die. But your showing reason is not a strong reason to tell that Bitcoin will die. You need to gather more knowledge about Crypto and Bitcoin.

I am using BTCitcoin from a very early stage before it hit the main stream and before that i was using PayPal who freezes funds and to release the funds it took months and tons of mail exchanges and Liberty Reserve and the reason i started using BTCitcoin was empowerment without the help of a third party. 

That is the problem, just read Bitcoin: A Peer-to-Peer Electronic Cash System rather than picking and choosing what suites you :P, just have common sense and the context, i am not here telling that it is a complete solution, we are improving in stages. BTCitcoin right now is a high risk store of value and there is no debate about that but the core functionality should be electronic cash system and we will achieve that.
 
When i started mining back in the day i was mining solo and i was not aware of the block limit and i stopped mining when i burned couple of expensive graphic cards, now a days i care less about the back end of things and there are enough smart people taking care of that, for years i am just a front end user and what i said was in context with where i started using BTCitcoin and why and not because some hypothetical nonsense you are thinking.

I think op made a mistake, it should have been micro Btc instead he wrote up Btc. I was checking the transaction got some minutes until i saw that the transaction is just a dollar bill.
According to Satoshi Nakomoto, he created bitcoin as a purely peer-to- peer version of electronic cash would allow online payments to be sent directly from one party to another without any third party, the fee has been Okay if ask me. Have you consider sending $20k via PayPal or banks and then compare the fee to when sending 2btc to someone? Definitely Btc is way friendly and cheaper.

We have been hearing bitcoin will die over the last 10 years and look at it today, stronger with cool value.

It Will die If someone Will pull the trigger!!
If world owners will decide Bitcoin stay for little more it Will stay!!

If they think our over watchers the should rally to
200k + or more it will be so!!
If they think btc should not exist the btc will wiped out!!

Handful people will decide others lifes on earth!
Im not even bother to think it will stay or not all it know and Everybody knows That's not our hands.

We are not whales we are not part of wall street and not part of Exchangers.
So we just Dance the tune of the big guys playing.

Please understand, we can all choose a fee amount to send bitcoin at any time. There are some circumstance that cause the standard fee to go up but you can still use 1 sat/ byte to send your bitcoin only if you don't want a fast transaction. The average person want transaction to be processed quickly and that can cause fee to go up, but like I said, you can still choose your own fee. The transaction fee issue won't kill bitcoin, there is no doubt that bitcoin will die due to transaction fee. Use LN if you want to make transaction in small amount, this will help you reduce fee.

Sorry, because the image is too big so I think you can still edit the post like this and I think it's much better.

Bitcoin's fees are indeed high for no good reason at all. And that is the price people pay for pumping it. But in this situation you can create some workarounds to avoid paying that huge of an amount. Always check your mempool first so you find out your available options to choose from instead of whining about how high bitcoin's transaction fees.

Did you make a bitcoin transaction in the past two days, if not just try it with a lower fees, i was just able to move my coins to exchange for just 10 SAT per byte and it got confirmed within 10 minutes. The mempool is empty for the past few days whenever i checked and sure there was a spike last week but now it is not.

it will die as a crypto if ever itl because btc is a crypto but the death for btc is never yet to come , it was unknown .

fees dont kill btc but btc are continue growing . does that mean investors keeps going on and dont give a shit on the fee ?  on the pic that you post it was 2k sats and 7k sats, they are different from ".7" and  ".2" btc that you wrote at the end of your post . fees can changed anytime and paying small fee is working fine

I believe it is certainly not a good thing, and I would love to see bitcoin transaction fee's to go lower, however if you are dealing with 1986 satoshi maybe you should use another coin? We are talking about just 2 dollars for transaction fee here and that is not huge, it is and has been higher than that most of the time so what we see here is even cheap fee if we are being honest, but when you are sending money with such low amount, you should consider sending it with another coin.

Bitcoin is still quite cheap if we increase the amounts, sending 1 bitcoin for example (18 thousand dollars and more) is still under 10 dollars, in many other methods it is more expensive even nationally, if we are talking about sending overseas it is still a lot bigger than this.

You already received many great replies from some users here but you fail to recognize where you are continuing to be wrong. Bitcoin is a free protocol and a free tool, if you do not wish to use then refrain from doing so.
You are clearly missing the point of using bitcoin my friend.

This reason is not enough for btc to die,

Also, You should know that transactions in btc is not designed to give cheap transactions, and there is a minimum transaction fee you can choose every time you transact. Even if you are going to transfer a little money, fee will not depend on that.

I agree the arguments for a potential death of Bitcoins is not convincing in my opinion. The recent rally of Bitcoin price over the last 4 weeks is the best example of why bitcoins ate going to stay around for a very long time. People who buy bitcoins at the current level will never sell their coins if the were would be a big price drop. Investors would just hold and wait for higher prices again. For a coin to die people would need to dump it close to 0.

I think it is understandable that bitcoin will have an expensive transaction fees if bitcoin will have a huge price in the near future, so OPs argument is not enough to say that bitcoin will die due to expensive fees. The only reason for bitcoin to die is if everyone who holds bitcoin have started to sell it, which it would never happen because their assets are safe in their bitcoin investments.

High fees aren't a big problem in cryptocurrency, many of us already experienced that in the past years but still we're using BTC. So I don't think that BTC will die just because of high transaction fees, and besides, it isn't made for cheap transactions, there's a lot of features of BTC that's why it's being used by many peole.

You can also select the small fee transaction, maybe there's a mistake you've done during the transaction. I'm using 1sat/byte, when transferring cryptocurrencies on the local wallet.

Yes, Bitcoin was conceived as a P2P electronic money system. 

However, now there is a lot of money in the world, but little trust.  There is a financial law - good money is withdrawn from circulation.  If, in parallel with banknotes, there is a money turnover of gold coins in the country, then very soon gold coins will disappear from use.  Bitcoin is good money compared to fiat currencies.

Therefore, in the future, bitcoin owners will not be individuals, but institutional investors.

Because a moron doesn't know how to send a cheap transaction?
Because somebody did pay 2000 sat to send 7000 satoshi?
Because a scammer, a liar, a spammer is envious of all the people here and desires as much as possible for others to feel miserable as he does?

NO!
It will not happen.
No matter how much you try, no matter how much you spam the topic with your venom, your hate will not make one bit of difference, the only thing all this is triggering is just turning you step by step into a hideous troll, so march back to your cave and leave us alone.


Four hours ago I got an incoming tx with 2sat/b confirmed, where are those high fees you're talking about happening as it's obviously not "right now"? Besides if you would have looked in the crappy screenshot the OP posted you would have seen the blocks are empty, even a 1sat/b transaction would have been confirmed.

XRP has more daily transactions than BTC: https://bitinfocharts.com/comparison/transactions-btc-xrp.html and obviously cheaper.
If the OP idea is correct, BTC must be dead by 2014.
And yet, BTC has substantially more value (higher market cap) than XRP.

Thoughts, OP?

Your writing like that is wrong, fee .7? .7 usually is about 0.7 BTC but what you mean is 0.00007098 and according to that image it is only around $1. Will BTC die with that $1 fee? LOl, even the shipping you made is lower than fee and it doesn't make sense at all if you say BTC will die because you created your own survey and that's wrong too. So, you don't need to say Bitcoin will die, if Bitcoin will die then the price will not reach the highest value besides that, there have been many adoptions made from the technology side even from the payment side and that does not only apply to Bitcoin, at least other cryptos have the opportunity continues to grow.

Bitcoin will not die just because of slow transaction processing. Maybe you just put a very lower transaction fee and you just You should learn why bitcoin was created and how long it was in crypto space until now that the value are still too high and the adoption is keep on growing.

That is still an issue in crypto currency in general, not only bitcoin, but I don't think it's going to die for this reason. I know people want to transact small amounts and pay a reasonable fee for that and they aren't wrong. If we say bitcoin isn't supposed to be used this way we are already excluding a lot of potential adopters that won't use bitcoin because it doesn't attend their necessities.
As new scalability solutions are discussed and implemented it's very possible small transactions can be made paying low fees, bringing a lot of new users to crypto currency, however it may take some time to happen yet.

The life of bitcoin is not just based on how fast and how expensive its transaction fees. For sure the developers of bitcoin are already working on it. The fact that bitcoin is a decentralized virtual currency, is already favorable for its users knowing they will remain anonymous unlike the traditional fiat where their real identities should be reveal. And having its high value at the present gives a positive impact on bitcoin not just as an investment but also as a global currency in the future.

I think, it will hard for bitcoin to die like crypto which is still reducing in the exchange market. Many investors where thinking that bitcoin will dump during the pandemic which bitcoin were still rising in the market, that is causing other cryptocurrencies to reduce in the market. Since bitcoin is still rising,that is making some investors to join bitcoin to invest, for them to make a good profit from their Investment.
With this stage we are now, show that bitcoin cannot die like crypto which is still reducing in the market, that is making their customers to join other cryptocurrencies to invest.

Big downside of bitcoin's sucess? Yes truly. But a reason why bitcoin will die? Not so much. Everyone who took the time to research about bitcoin is well aware that it is not meant to make cheap and lightning fast transactions, it is mainly meant to be a boundless gateway for people to send money back and forth, for a price of course. Now that shoukd clear things up.

The higher or increasing fees upon doing transactions have become a normal part of getting into Bitcoin and that is not already pretty new for many of us in here. But that reasoning will not certainly cause for the Bitcoin to die just because of higher fees intended to do the transaction. Way back then, the price or amount of fee per transaction is certainly cheap and the processing is seamlessly fast to be approved but as time goes by as many people are doing transactions with Bitcoin, the system gets congested and the fees gets higher that certainly have started years ago.


Indeed. The issue is not just certain and specific for Bitcoin alone because other cryptocurrency are also having the same thing. It is just that transacting with Bitcoin becomes more expensive and slow due to numerous transactions being held and process making the transaction fee higher and slow because of congestion. But on the other aspects, Bitcoin is still good obviously because a lot of people are still getting into it specially at this time.

Transaction delay is quite often experienced with bitcoin. Bitcoiners have used to it. If bitcoin is supposed to die for this reason, now it could've happened several times in this eleven years of time. Whenever there is strong deposit and withdrawal of bitcoin, the network gets congestion and the same reflects on the delay of transaction confirmation even when high fee is provided. These issues are part of the network which gets resolved with time on updation.

Probably that is the reason why you got negged at the first place. You are spreading some shitty things and FUDS here :D.

Right now, Bitcoin is near the ATH already but the transaction fees are obviously lower than where it is last 2017. You might persuade some newbie investors out here or those newbie in the space but not for us :P.

Anyone making a transaction with bitcoin very well knows what the minimum transaction charges should be and it keeps on changing every time you make a transaction depending upon the number of transactions pending at any given point. The problem for me is that there are plenty of users who complain about bitcoin but i feel that they never used them before making their mind  ;D.
The price is moving around the ATH valuation and the fees are considerably low and you can even send a transaction for as low as 100 satoshi and get the confirmation in a day or two depending upon the mempool depth.

Crypto is evolving as time goes by and I believe we are still in the early phase of adaptation and development. Crypto as a whole has a huge room for improvement and as time goes by more and more ideas are being added and develop. Most BTC is aware of the scalability of the fee depending on the amount of traffic and the current price.

Why are you sending such small amounts in the first place? The fees of bitcoins go up with the value of bitcoins of course. I would recommend you to use other coins for sending small amounts of money. If you send bigger amounts the fees is going to be relative small in percentages. Also fees for sending money between 1-2$ seems normal for most banks these days.

Everyone basically says the same thing, this was a wrong move to begin with, this is such a small amount that you should have used doge or tron to send it in the first place, crypto is not a place where all coins fight each other, it is a place all coins help each other and complement each other and if you fail to see that you will obviously not really see the benefits of crypto.

Aside from that, bitcoin was never intended to be a way to move money around, it was intended as a way to get your money out of regular fiat world, and we did that, we are in crypto and that is enough, whatever you do afterwards is an extra thing. And I am 100% sure even satoshi didn't expected this much attention towards bitcoin could ever be reached neither, so we weren't ready just yet, with Lightning network and all that, we will definitely get lower.

Scaling cant be reason for Bitcoin to die. Why? Because if it cant scale over as it is now then will still have as much transactions as today. Since today is not dead so will not be 10 years from now. But. I am sure Bitcoin will have much more transactions 10 years from now as there are right now.  Will it have all transactions in existence as some Bitcoin maximalists predict. No not at all.

Well, different strokes for different okes.... right.

There are several different reasons why people are chosing to use Bitcoin over Fiat (traditional) payment methods. Let's take "chargebacks" as an example... if you are a online merchant... "chargebacks" are a problem ....with Bitcoin the transactions are irreversible.  ;)

Also... most people prefer to use Bitcoin, because they do not want their credit card details being "stolen" or "hacked" ... when the database on the insecure websites gets hacked. (Or if you want to make a payment for something secretive..naughty undies for your wife or girlfriend)

So.. no it will not die... and your fees are way too high.  ;D  

https://i.imgur.com/1cu41nr.png
source: https://finance.yahoo.com/news/194-million-moved-using-bitcoin-223521877.html

this is old news and today it won't be that different.  you feel Bitcoin fees are very high because your transaction number is low but if your transaction is high then you will be very grateful because Bitcoin is present in this world..

Speed is good, but not as important as you can see it. If the most important thing in Bitcoin was the speed and cost of transactions, it would have died a long time ago.
Bitcoin is more than just a currency that is passed on to each other. Bitcoin is freedom, it is an opportunity to go beyond the usual things, beyond the usual monetary corridors and obligations. Beyond depreciated national currencies.

I have often read and heard arguments from people saying that one of the greatest advantage of bitcoin is that it's cheap or with almost non-existant fees compared to credit card transactions. High fees were the reason of why we had bitcoin cash fork (which is N5 on coinmarketcup right now) and that's the reason why we implemented lighting network and we all know how terrible it was especially back in 2017 that caused all of these. I would say that majority of people choose crypto over traditional payment methods because of low fees too.
If we want the massive usage of crypto, at first it should meet the demand. Bitcoin will not die and there are tons of reasons, a lot of businesses are built on btc services, etc but it doesn't mean that the door is closed for another altcoins and bitcoin won't get under the shadow.

Bitcoin isn't that decentralized at all if you mean that it's the life-giving source. Bitcoin is just a business right now because of shady businessmen who want money from everything. It lost decentralization, privacy (easier to track compared to old times), transaction confirmation speed, transaction fees... We have high price because halving had it's effect on it and people focused their hopes on it when they saw that fiat was published like book paper. Future will give us the better imagination. I amn't against bitcoin, no, you can't imagine how I love it because it had huge impact on my life and career, it radically changed everything for very positive but...

This is an obvious fallacy, the process is basically unreasonable, who is going to pay 7000 satoshi to send 2100 satoshi, what can you do basically with 2100 satoshi, when you want to send bitcoin the amount has to be rather good, that's similar to when you want to send  1$ about Via Visa Card and pay 5$ fee !! Can you say that the dollar will die or Visa Card will die because of that? !! These things are illogical !!!
In any case, when the amount of Bitcoin is low, there are other solutions such as the Bitcoin Lightning Network, for example, where the fees are almost zero and the transaction is very fast. Plus this is a temporary problem and it quickly disappears and fees are low.

Many bitcoin transaction fee will be low in many exchanges.One of them is localbitcoin,coinbase,local crypto.Now bitcoin became a old currency with a good number of buyers every month.The pump in price had started to reduce below 18900$.Now paypal had a use of bitcoin transaction and increased a flow of bitcoin.

In my opinion, bitcoin will never die as a cryptocurrency, because it was the first cryptocurrency in the world, everyone knows it. I am sure they will always use Bitcoin. What can stop bitcoin is the laws banning the use of bitcoin in most countries of the world, then people will look for a more anonymous cryptocurrency, but most likely governments will simply impose taxation on bitcoin exchanges.

So in the 1980s when people were knocking the internet because they were the least knowledgeable about it, that meant the internet would never work.  Crypto is not completely user friendly...yet.  once they put icons on the screen and less command line requirements more of the general population could then use the internet.  Just because bitcoin today looks the way it does, doesn't mean thats the way it will look tomorrow.  Things change deal with it

indeed bitcoin will never die because it has a very high demand but you must know that the possibility of using bitcoin will weaken when there is no electricity in the world because basically the movement of bitcoin depends on the internet network.

BTC will die (if you want use this word) not because of commissions, but because of the time of confirmations and TPS. This is no secret to anyone.
Again, what don't you like? If there are high commissions, it means that a high number of transfers live here and now. How could it die because of the highs commissions that increase miners profits and means high usage? A bit mutually exclusive, isn't it?

So you're all arguing whether bitcoin will die or not because this dude tried to send 0.3 USD through blockchain? What's the point of such transaction, what would you even buy with that? A cup of coffee or even a pack of chewing gum is more expensive. You even pay more than that for taking a piss in a public bathroom.

He paid an exaggerated fee as the pic shows the transaction will be confirmed within 10 minutes with 13 sats/byte, instead he paid 32 says/byte. it could be confirmed with only 1 sats per byte if he checks the mempool when there are only a few unconfirmed transactions and sets a manual fee although it takes longer to be confirmed. However, when there are numerous unconfirmed transactions on the mempool, we don't have many choices but to pay higher fees or wait for a long time.

Many people are always telling btc will die. But look btc is still standing strong. Everything has its end. But I think btc will stay in the crypto world for a long time.

This isn't the first time, bitcoin have already dead several times for several reasons. This is a very common reason found around. During the time of bitcoin cash formation from the main network there is controversy that bitcoin cash is the real one and bitcoin will end up soon. It has been slowly getting updated to be used for micropayments. Right now we need to do it manually to lower the fee according to the amount transacted.

I don't really think that such is genuine reason while bitcoin will crash or been eliminated is not possible, having a transactions in bitcoin and it happened to put you into frustration, does not determine or grant that bitcoin will give off or die soon, it's obvious that bitcoin is cryptocurrency and without bitcoin no cryptocurrency, so with the measure btc has been escalated in society currently I don't think it's possible for bitcoin to die base on feel point you present, op I will like you to carry out another research because these particular one is not genuine.

Feel free if the opening post thinks that Bitcoin will die as a cryptocurrency, but in fact the demand for Bitcoin is increasing.
So whatever the reason Bitcoin will not die, nowadays Bitcoin users are getting smarter and not easily affected by negative things.
After all, since 2018 when the price of Bitcoin continues to fall, many predict Bitcoin will die, but the evidence is now Bitcoin is
getting stronger. So I am optimistic that Bitcoin will continue to grow and will provide benefits for its holders.

It doesn't matter whether the amount involved is $0.30 or even $0.03. Because the ability to do micro-payments was regarded as one of the major advantages of Bitcoin, when it was first created in 2008. But it is true that the OP paid a fee, which was much higher than what was required at that point. Nowadays, it is not that easy to calculate the fee. Many of the fee calculator websites are not providing the accurate value.

I don’t think BTC will die as a crypto in the meantime the demand for Bitcoin is increasing due to the rising price of Bitcoin. Investors are also investing in Bitcoin from other currencies. The future of this currency is very good and the traders above the price become very profitable. The market has had a positive impact. The price of Bitcoin is going to increase further. Many countries will use Bitcoin because of the spread of Bitcoin. Bitcoin is rising higher over time.

Bitcoin is not created in order to send money cheap. It is created in order to send money peer-to-peer, anonymously and fast compared to other processes that are used right now.
There will be always needs for something different such as cheap transactions or more anonymous transactions, etc. This is the reasons why projects continue to be evolving and provide different characteristics to the users.
Bitcoin is not going to die as Gold didn't die when Fiat currencies became mainstream and people started exchanging with them.

Although Bitcoin has expensive transaction fees compared to other cryptocurrencies, the Bitcoin price is also very volatile.
But that won't make Bitcoin die, because Bitcoin already has a lot of supporters. Even Bitcoin supporters continue to grow,
therefore I believe Bitcoin is not dead as crypto. Moreover, the current demand for Bitcoin is increasing, maybe because in
the current pandemic situation only Bitcoin is performing very well. So Bitcoin always gives hope to its holders.

I agree with you, when you just want to send very small amounts of money, why use bitcoins? There is BitcoinCash for example which can be used for sending smaller amounts. I mean, bitcoins was not designed to send small amounts all around the world. But if you do want to send 1 or 2 BTC at the current price levels it is fairly cheap, compared to international bank transfers.

For the years I am here, I am not new to reading these kinds of topics or threads. Scam or Ponzi, they can call whatever they wanted to, they didn't know they are wrong. With a strong community that would take advantage of every drop or dump that would happen, I don't think it would even die. The value might fall but it will just come right back up.

If we do try to count on the threads that been saying about bitcoin is going to die or doesnt really last then those negative thinkers had probably changed up their mind or sentiments towards bitcoin specially that it had proven out for a decade already when it comes to market recovery on a certain period of time.It might not be guaranteed to last forever but we can presume that it will surely stay.

Let those people do think and say all of the things they do want because later on they would realize that they are believing on the wrong thing.

Adoption is on the move and its hard not to believe that it would really be progressing out even more on future years to come thats why when we do talk about for it to die then its hard to believe on and let adoption grow and strong all over on upcoming years.

Well aren't we all aware of it already?
Most of us know that BTC transaction isn't cheap anymore and let's not forget about the delay or confirmation time.
Those are the one of the biggest weakness or disadvantage of Bitcoin to other crypto.
And even though BTC have a high transaction fee and slow confirmation it is still one of the greatest or still the King so I don't think that it would really die.

i believe he is talking about bitcoin transaction high fees and not trading fees , all crypto exchanges are applying small trading fees but for bitcoin transaction especially in Coinbase , they charges a fee of 4% on all transactions , what do you call that so ?

The people who are really serious about keeping bitcoin as an asset are not holding microscopic amounts and will thousands, tens of thousands or even millions at a time and making substantial savings. In the end, Bitcoin can be much more efficient at moving money across borders and avoiding the grasping reach of certain governments who have quickly seized private funds in the past. In comparison to actual bank fees they can also make savings there and may even avoid random freezes due to financial source of funds checks which regulators can impose.

Bitcoin has dead in many ways as others claims but look at the current conditions of bitcoin in the market. It is continues to be more popular and it has a massive adoptions. Why using Bitcoin for sending out a small amount?If fees the issues you may use other option. Also, a lot of people appreciate to use of bitcoin because of it's freedom than banks.

I get that people hate the transaction times and costs, for smaller amount of money that is actually something very very bad for us, even if you could send 10 million dollars for 10 dollars which is cheaper than anywhere else, you are still spending like 5 dollars for 50 dollars as well and that part is worse. Which is why I think it is quite important that we figure out a way to make it cheaper, if we continue to make it more expensive this way, if we show more and more interest and get more people involved and move bitcoin around more, this is only going to get slower and more expensive.

Lightning network, proof of stake, or whatever they can do, bitcoin needs to move to a direction where it is instant and almost free. If we can do that technologically, that means we are going to have bitcoin over $20k instantly.

Transaction fee in bitcoin based on the transaction size not how much btc you send. There's many factors involved to determine how big the transaction size is it's true that bitcoin favour people who send big money altogether but $1.3 is not a humongous fee.

Try paypal, sending money to your buddy gonna cost you well above $2.5. people who have peanuts of a money usually uses altcoins not bitcoin anyway.

You've just send it at the wrong time when Bitcoin transactions is at it's highest, I just made a transaction 3 times today with a small fee and it all went in just ten minutes, Bitcoin will not die because of this issue alone, it's the first peer to peer in anonymity and the one coin that started a  no third party transaction.

It's decentralized, but there is certainly somewhat of a centralized group trying to manage it (somewhat). Remember the consensus wars a few years ago when they wanted to change the code to increase the block size? It tore the community apart and spawned a bunch of competing bitcoin chains. There were the coders and the "leaders" who came down on both sides, trying to convince everyone what was needed for bitcoin to continue to grow, or warning what would happen if their particular vision wasn't followed.  Bitcoin can be changed through consensus.  It can be "upgraded" through consensus.  Not trying to improve it is pretty stupid when a clear weakness is identified.  Systems that don't change to accommodate market desires invariably die.

Hope I can upvote this. I know that it is been a long time since we are seeing this kind of price movement and the other thing is that as you've said, adoption is on the move and we will be seeing a lot of them next year, I hope so. Instead of thinking about how will it die, we people should brace ourselves to what may happen next year.

It is the nature of large companies, institutions, and technologies to be upended and replaced.  Remember Sears, the now-failed retail giant?  It may shock you to realize just how big that company used to be.  Back when they came up with the revolutionary innovation of ordering through a catalog through the mail, they accounted for $100m in sales at a time when the entire US GDP was only $36.5 billion (the year was 1914).  A company that large and important, you'd have though it was unsinkable and would last forever (everyone at the time certainly thought so).  If you go back and look at the list of Fortune 500 companies from 1955 compared to 60 years later in 2015, only 12% of those companies still existed (https://www.aei.org/carpe-diem/fortune-500-firms-in-1955-vs-2015-only-12-remain-thanks-to-the-creative-destruction-that-fuels-economic-growth/).  

Will Amazon last forever?  The odds are against it.  Will bitcoin last forever?  The odds are against it.

There will many possibilities to change this perception, like lightning network I think it is a good solution and also segwet address can help to reduce the fee and make transaction become fast, have tried them? I suggest you have to try it. Also, maybe it has alluded to before but I'll mention it, the current high fee for bitcoin transaction is affected by bitcoin price high, I'll be weird if bitcoin fee transaction high but its price does not increase. And you can see now, although its fee is getting high but does any investor abandon it? I guess no because they have got a profit or the fee is still worth paying because they get more profit than they pay the fee. And I think this will continue when the price of bitcoin is getting higher than it is now.

This question has been going on for the last ten years, we have the Bitcoin obituary, https://99bitcoins.com/bitcoin-obituaries/ where it records the times that people were considered Bitcoin  dead, so far it has a record of 341 times it continue to grow, those who says that Bitcoin is dead should just sell their coin and never acquire anymore.

The OP is just nitpicking, if you care so much about the fees then you need to be smart and stop caring about the speed of the confirmation, send your transaction with the lowest possible fee and just wait until the mempool is empty to get a cheap confirmation, it could take days for the confirmation but if you care so much about the fees then this is a way to lower them, this is especially important when you are consolidating your coins as you do not want to pay a huge amount for the privilege of sending your coins to yourself.

The miners who confirmed the transaction will share the transaction fee of the day among the people who partook in the main pool. Is the transaction fee burnt? I believe not, it is a bug that can be fixed even Ethereum had higher transaction fees.  I don't honestly support the idea of this killing Bitcoin to the minimal level.

I don't not believe this can happen anytime soon. Because BTC has become a major key player in the world of digital
currencies: cryptocurrenciess market, having dominant the market for over a decade now. It was first initiated to serve a a free and transaction where things are transparent. And lots of other coin has emerged since Bitcoin inception and they are really doing well. Bitcoin could die as crypto and probably be confirmed as the generalized world currency in the coming years.

No. Bitcoin is more alive than ever. I remember everything that I went through at the beginning of the pandemic and how thanks to Bitcoin I was able to overcome many obstacles.
Now Bitcoin is proving that it is a great invention that can be attached to any individual and we should not underestimate it.
Maybe with the most recent announcements that have been important around it. Someone can develop a product that manages to fix the transaction time and fees that are uncomfortable for some.

With living things death is inevitable, but for the non living things the same won't apply. The demand to supply is the one keeps the market growing. If we examine, now the human life is limited to not more than 80. Just think of gold and other valuables. The demand keeps them alive for thousands of years. Those are days of rare metals getting value, now everything has got integrated with technology. This makes bitcoin last for long.

That's true and despite so many altcoins being made which work cheaper and faster but still it is bitcoin that is going and moving strongly while altcoins come and die and that I believe is because bitcoin is seen as the parent of all these coins and none can match the credibility and robust system that bitcoin is based on.

I guess in future Bitcoin transactions will be made by bigger traders while small transactions will be made in low cost transaction based coins like Tron and Ripple and there is technically no way to bring the cost of BTC transactions down.

For the most part that applies to things as well, gold is just a monumental exception, it is incredibly that the gold that was used on ancient Greece or Egypt is still been around today but that is because of its specific properties that the ancient civilizations recognized and why it was until the invention of bitcoin the best from of money available, this is why despite bitcoin being so young I see the potential for the technology to be around at least a couple of hundreds of years.

Fee is a big problem for the cryptocurrency users and the rise in exchange rates is not doing any favor either. Even if the transaction fee remains constant in terms of BTC, the fiat equivalent is constantly going up. For example, the median transaction fee is around BTC0.0002 per transaction. Two months back, this amounted to around $2. But with the increase in prices, the fee now amounts to $5, although in terms of BTC it hasn't increased.

This transaction fees are much higher. However, I believe that this fees problem can be fixed... and besides, there are lots of good and reputable trading platforms or largest and well-known exchanges that we can choose from upon doing trading. This problem is quite easy to solved and will not be the reason to stop Bitcoins in Crypto world. It would never happen.

Cross border payments is one of the legitimate cases where I view crypto to be superior to the alternatives. It's cheaper to send money around the world using bitcoin than wire or PayPal (in most cases, although there are ways to send PayPal without fees).

Yeah, those fees are insanely high I dunno what's happening but you can minimize it by using another wallet or something specifically those wallet that've been using lightning network because it can transfer faster and cheaper compared to what you've been using. Besides, I don't think high fees will be the reason to kill Bitcoin because there are ways to minimize it. We might not have a solution for this now but as we going there will be a solution for these high fees.

Bitcoin isn't really very "alive" as a currency, considering the use case as a currency is negligible compared to its other uses. However, if you want to predict it will die as a crypto you have to answer why it won't survive as a store of value, which is currently the biggest problem with this statement.

Bitcoin is still above 35,000 USD. Even though volatility is fairly high in over the last few weeks, the price remains strong. If the recent rally was not based on fundamentals the price would have dropped again. I don't think bitcoins are dying any time soon. The number of users and investors is rising every year. I wouldn't bet against it.

It's the same what we saw with Ethereum, many times...some random guy doesn't pay attention on fees and create a transaction with incredibly high fees! It's something that never happened to me, I paid higher fees a few times, I had to do something at that moment and I paid higher fees to get faster confirmations, it was my choice... and it's fair, if you want something faster you need to pay extra for that!
And isn't this a situation where you can blame wallet? With wallets I use you can't make that kind of stupid mistakes and pay extra fees that are much higher than transaction! So don't blame the coin, blame your choice of wallet!

Well, just because fees are high doesn't mean that the currency is going to die! Plus, the fee in your pic is 0.07..mBtc and not BTC. It's around $1 (at time of your pic) so there's nothing to worry about. The benefits that Bitcoin and crypto provide far outweighs the small fee we pay for transactions.

This problem with the transaction fees still is the problem of the past but here in our country, we don't have a problem with it since we are usually using the same bitcoin wallet/exchange which gives us free transaction fees and their transaction speed is almost instantaneous. I agree that it will not die just because of the fees, we all know it will never die.

I'm sure the OP has never been forced to use bitcoin if transaction fees were an issue for him.
I am sure some users are very concerned about transaction fees and I also believe others only care about the convenience, privacy and convenience of transacting. Decentralization has helped many people to manage their money without always having to rely on a bad banking system. Developers are constantly thinking about how bitcoin can be used by users for even small transaction. LN is an option for them and I believe that in the future there will be a better solution.

Fees will not render bitcoin useless and die without being used by anyone. If you are worried about fees, then altcoins are the solution if you still want to live in the crypto space.

Bitcoin isn't a viable currency. It's slow, it's expensive, it's extremely limited in the amount of transactions it can handle, it doesn't hold a stable value... all things that are horrible attributes if you actually want to use it as a currency.  It's use-case is as a long term store of value or cross border transfers that are immediately converted to the local fiat.  I have my doubts it can overcome the limitations preventing it from being a viable currency.

BTC will never duy because its a brand. Iphone is not the best phone but the most popular. Same with btc

That's a good approach to think about bitcoins. For most people when they talk about crypto currencies they actually mean bitcoins. It's number one coin in the world and seems impossible to die at the moment. There might be better coins but in the next few years bitcoin will remain number one.

It is a viable currency in the sense that the logic behind it is definitely a viable currency, sure it could be used as an asset right now but it doesn't mean that we can't change it. For example we moved from the old version into segwit few years ago and made it very cheap, it was going towards 20-30 dollars per transaction and with segwit move we turned it into 2-3 dollars overnight. That shows you that bitcoin could be not that great right now but does have a potential to change as well depending on what people want.

The most famous thing right now is LN and that means we could maybe move to that and make bitcoin faster and cheaper once again, nobody can argue against it, it hasn't happened yet but at least we know what the potential for bitcoin is and what we could do with it. That is why I think it might be not ideal right now but has that potential.

Now imagine that you have to pay ".7028 BTC fee to send 2222.2191 BTC". Then you will not complain, right?

Fees are high now, nobody denies it. But Bitcoin is not to send $10. If you want to spend $10, use Tron, USDN, USDT/TRC-20, or one of the many faster and cheaper chains.

It's true even though people say that no one will use bitcoin there are still anonymous investors who keep investing his liquidate asset into coin, people might get confuse when say bitcoin will "die soon" why? it's because lot of people are into ponzi scheme that their mind are still believing that they can easily double their money with in month but no money is returning until they got scammed that's why many of the people are not believing in bitcoin and saying bitcoin is dying though, As we can see believers in bitcoin yes, bitcoin is in that price of 35-46k dollars and making it into the top price yet the price is that strong as long with the fee's but is all up to the people when they want to wait for the transaction to be received or to be priority if we're talking about fundamentals too well bitcoin is too volatile even if drops it will rises again. and bitcoin will be still bitcoin and people are keep showing some interest in it.

if you are entering or using Bitcoin because you wanted the transaction as Lightning speed , then Use Lightning network ..  ;D  ;D  ;D

But seriously Bitcoin was not created to give you a speed transaction , but it is the privacy that this offers , this is the Financial freedom that people is seeking and not the paying easy and fast option.

Bitcoin did not made just because of the speed on sending bitcoin to another address but because it is made for the permission less in which you don't need to have any problem on sending high amount of money just like going to bank and etc, the use of this is because you can make big transaction without any problem or waiting but there is also an fee whenever you are making a transaction, but it is good enough to use than waiting for so long right? This is why bitcoin made the resistance and security is already here.

I don't see why people are so concerned with the transaction fees because altcoins were made for that problem and one who wishes to send small amounts and wants faster confirmation can always do transactions in altcoins and for those who are transacting big amounts and don't care about a few bucks on the fees for those payments will always prefer bitcoins.

Bitcoin will never die because no matter how many new and better coins arrive in the market, there is a certain identity for bitcoins and that came from being the first ever cryptocurrency. There were rumors that bitcoin will die when last year April price dropped but now the same haters are regretting they missed the chance to buy that time.

Bitcoin is not made to make cheap and fast transactions, you silly. Though of course as more and more people use it, it is, inevitable that people will try to use bitcoin in this manner. Nonetheless, I am hopeful that in the future, something could be done about this because it is going to rely hurt bitcoin's reputation among the newcomers and may scare them away from using it. Exactly, but of course, there will be instances where remittance of high amounts of money will be needed where bitcoin may play a huge role. But if it is kept this way, that may not happen at all.

A rare exception to the rule. ANomalia, nothing more. I can give you the reasons for the "death of the banking system" delays in transactions as well as problems with depositing with online payments. Could it be better to discuss the SYSTEM problem of objectively expensive transactions in the "technologically perfect" Etherium? Provided that a systemic solution to the problem is not yet visible ...

There are such expressions as "never say never" and "there is nothing eternal in the sublunar world" ;) Bitcoin's status as the first and most popular cryptocurrency will undoubtedly contribute to maintaining the status quo in the coming years. Also, all legislative acts and all kinds of regulations of financial regulators are also made with an eye on bitcoin, but this state of affairs will not necessarily continue permanently and other cryptocurrencies may come to the fore. But of course, talking about the death of bitcoin is not worth it and it will continue in the coming years, even if a little bit not in the quality as intended. It will be possible to return to this later, when bitcoin and cryptocurrencies are more accepted by society ;)

remember that you can set your fee , and Bitcoin is not created for fast transactions but for safety and for privacy , it may not total anonymous but you have a option not to reveal your personality.
I don't know why People in majority Blaming Bitcoin for large fees when it is their fault choosing the highest option.
though some place don't have option like Binance and some exchange when they put fix value in fee but try not to use them again  and look for those you have to choose if High or Low fee and much better if you can make your own transaction fee.

I think the expense is still too low in contrast with the fiat. Consider you're sending money with fiat you'll pay profoundly and more than this.
For me, this charge is yet favourable for us.
As of late, I sent $5 to one of my companions by utilizing the PayPal services, and I pay $2 expense.
He lives abroad, and I think utilizing the PayPal services was one of the stupid things I ever did

PayPal has adopted cryptocurrencies, there has been widespread opposition to these services. But of fiat currency it is used everywhere its charges are much less and the transaction is favorable but it is under the control of the government bitcoin won't die as long as crypto lasts bitcoin will never stop using many of the best currencies it is being used more than fiat currency. Other services are launching their company by accepting bitcoin as a good currency the use of crypto will continue to increase as time goes on.

Bitpay is one such service which allows people to accept payment in Bitcoins and I believe Bitpay pays them fiat currencies in return.

People need to understand that service providers like paypal are charging fees which are going to themselves but the fees taken in bitcoin ecosystem is paid to the miners which ultimately helps get more bitcoins to the market as mining is the only supply source available for bitcoins.

Also fees control is in our hands, if you are not in a hurry you can make the payment and wait for 24 hrs and most transactions do get confirmed within that time frame, unless you have sent the transaction with 0 fees. I often send transactions with lower than recommended fees and then use some free services to accelerate my transaction.

One such accelerator I can recommend (I use the free one only): https://www.viabtc.com/tools/txaccelerator?lang=en_US

If it says submissions are beyond limit, just wait for the hour to reset and submit immediately as we enter in the new hour.

I don't think that bitcoin will die just because of that thing, I had experienced a delay from confirmation when I had to transfer my money from electrum to my local wallet but that's fine because bitcoin is not only about sending and receiving bitcoin online, there are still more than that bitcoin can do to people and besides that fee is changeable you can still make it lower.

Actually to save fees was why the use of crypto currency became popular. Now with the high number of transactions and the high cost of bitcoins has enabled the fees a bit out of control, specially in some altcoins like Ethereum. I agree with you that still sending a big amount of money is cheaper within the crypto space as compared to sending the same amount via PayPal.

We can also use crypto like Tron, XRP and even dogecoins to save a big amount of fees when transacting and unless the receiver has defined a particular coin, I would always consider saving fees and the person receiving can easily convert to the coin of their choice by any exchange.

People use PayPal because they aren't actually aware of bitcoins and some use PayPal because they can spend money directly from there since almost all the merchants accept PayPal but Bitcoin is yet to make a mark when it comes to acceptance among merchants.

We cant really deny that Bitcoin does have flaws when it comes to fees where up too high on a certain time or simply talks about congested network.
This is not surprise because this had been a problem wayback but still people do really accept and decide to adopt and deal with it, not only on typical people or
groups of person but also into those big companies and billionaires as well.Its impossible that they wont really be making up some research about its cons
but still they do end up on trusting it and here we are now, we have seen new heights inspite of those flaws.Telling bitcoin to die? Its nearly impossible.

Honestly nothing really changed for people who has worked with crypto, because we came here for bitcoin since it was super easy to send even cents from one nation to another nation all over the world, sure there could be some nations that already had it cheap but there was NO method that was super cheap to move money around, even cents, from one nation to nation without having too much charged.

Bitcoin was super cheap and it was super fast and you had to deal with nobody at all, which is why it was super awesome, and that is what I believed bitcoin would stay like and now it is not like that so I get it, however reality is that we are in a situation where even if bitcoin is no longer like that, even if eth is not like that we are still doing fine.

So, I think for crypto people absolutely nothing changed, bitcoin won't die for this reason since bitcoin is not just there for "cheap and fast transactions" and that is why it will not die neither.

Bitcoin exist not only for fee but also for various reason eg: it is anonymous, it doesnot require any permission from any regulators. It does not allow to give any access to any authorities. There are many more reason. So there is no reason for which it will be died.

Telling bitcoin to die? Its nearly impossible.

BTC will never die it is almost impossible and as long as crypto exists bitcoin will survive crypto is so popular for bitcoin is not under anyone's control everyone raises capital by investing and working as they wish. The government does not get any tax from now on with no government access, most people in the world are increasing their use of bitcoin by investing in bitcoin.

I have raised the issue of high transaction fee multiple times, but in this case I can't 100% agree with the OP. The fee that OP has to pay for this transaction is around $3.33. He can reduce it further, by manually reducing the fee. From the image, it can be seen that the Mempool is almost empty and even transactions with a fee of 1 Sat/Byte are getting confirmed. The OP can also input a fee of 1 Sat/Byte (which will work out to around $0.10), and get the transaction confirmed almost immediately.

There's a lot of development to be made on Bitcoin, who knows?, maybe developers will find a way, we must support them.

Yes, every thing exists and continues to develop as long as it is needed, and human history knows many examples when many objects and activities went into oblivion after they were no longer needed. Therefore, to talk about the impossibility of the death of something is a little presumptuous , but I think that bitcoin and cryptocurrencies have not exhausted their potential and, on the contrary, are on the threshold of the beginning of an increasingly complete adoption by traditional markets. Another question is that about the use of bitcoin as a competitor to the fiat currency, we can say that bitcoin is almost dead there.

What OP describe is an average thing that happened to most of the the top 10 coins we have on coin markets cap with little or no scalability when they become too congested or over crowded with transactions more than they can handle.
Micro business will always find this difficult to used in daily business because they will be paying more than they will be receiving from customers and that will be a huge loss but nevertheless,I think there are other services that accelerate bitcoin transactions for users with less amount in their wallet and they have most of their platform in service board.