What happen to bitcoin fees continues increased.?

[bamboylee]

It is really a pain now that some miners transferred to BCH resulting to long confirmation time and high fees. But it is not forever that they will mine on bch, soon they will realize bitcoin is still way better than BCH and more profitable in the long run.

[Ghostcell]

I think the high fee only is the problem when you make a single micro transaction )). And in my opinion transaction fee is not increaseing all the time . It'll be high when the bitcoin price low and get low when bitcoin price increase . For example last month when bitcoin price just about 1k7 - 2k you will have to pay 0.0008 BTC fee for your transaction on coinbase but now when the bitcoin price increase to 4k you just need to pay 0.0002 - 0.0004 for your transaction fee

[TheQuin]

I think the high fee only is the problem when you make a single micro transaction )). And in my opinion transaction fee is not increaseing all the time . It'll be high when the bitcoin price low and get low when bitcoin price increase . For example last month when bitcoin price just about 1k7 - 2k you will have to pay 0.0008 BTC fee for your transaction on coinbase but now when the bitcoin price increase to 4k you just need to pay 0.0002 - 0.0004 for your transaction fee

It's not related to the exchange rate in any way at all. It's purely supply and demand. If there is a big backlog of transaction you have to pay more BTC to get to the front of the queue.

[coinzoid]

One of the weak hands of bitcoin is such high fees when it comes to making a transaction on chain. So, the issue must be resolved in order to have a daily use adaptation for bitcoin.

[Akash1243]

Many miners has switched to BCH as it more profitable to mine BCH now than bitcoins.That is why transaction are taking time to be confirm and are high fees.And soon mining in BCH will not be profitable and it's difficulty will increase then the miners will shift back to bitcoin.This high fees and long time for confirmations will be only for matter of time then after some time all will be normal.

[sam53]

One of the weak hands of bitcoin is such high fees when it comes to making a transaction on chain. So, the issue must be resolved in order to have a daily use adaptation for bitcoin.

I think the fees at now of Bitcoin is unreasonable, because need high than 0.006 BTC/kB. This is really highest fees in history of Bitcoin until today I know. I hope miner don't take advantage this issue and earn profit from it.

[doomloop]

It is really a pain now that some miners transferred to BCH resulting to long confirmation time and high fees. But it is not forever that they will mine on bch, soon they will realize bitcoin is still way better than BCH and more profitable in the long run.

well the price of the bitcoin is very high and the fees of the transaction is fine for me and it affordable for the people now at the delivering with high price, for example I am to transfer I bitcoin and the fees of the bitcoin is .001 bitcoin. I think it is an affordable price for me and I am at bitcoin from just a month. At the past the transaction of the bitcoin was free of cost but it was very time requiring  it is very slow transaction.

[Monnt]

One of the weak hands of bitcoin is such high fees when it comes to making a transaction on chain. So, the issue must be resolved in order to have a daily use adaptation for bitcoin.

Well they are using the fact that people are highly involved in bitcoin. The transaction network use it in wrong way and keep increasing fees. But that is one of the bad things that can effect bitcoin in future. People will stop buying bitcoin due to high transaction fee. And the issue can be solved by only us. If we stop transacting bitcoin somehow just for 1 month these network will come to their real value and it can be resolved.

[Bunsomjelican]

Hi guys just want to ask why the bitcoin fees are increasing i just notice the fees here https://bitcoinfees.21.co/
where 450sat/byte I thought this issue is already been solve what happen to bitcoin Or we should need to go switch to bitcoin cash instead?
But the problem switching to bitcoin cash still not worth it  because there are still no merchant are accepting bitcoin cash here in my country.. unlike bitcoin..

So far the transaction now in the blockchain it can be said as moderate level, but in some other exchange platform the fee was really high, maybe because the bitcoin is also getting higher. which I saw and observed that the fee's up only depending on the bitcoin value too.

[stompix]

Fees grow to 10$. People are annoyed but they still use it.
Fees grow to 15$. People are making less and less transactions.
The mempool gets empty , there is enough space in the blocks, fees drop to 1$.
People start using bitcoin again more and more. Fees surge to 10$.

Rinse and repeat.

[ramsdaj28]

Hi guys just want to ask why the bitcoin fees are increasing i just notice the fees here https://bitcoinfees.21.co/
where 450sat/byte I thought this issue is already been solve what happen to bitcoin Or we should need to go switch to bitcoin cash instead?
But the problem switching to bitcoin cash still not worth it  because there are still no merchant are accepting bitcoin cash here in my country.. unlike bitcoin..

Bitcoin fees are actually still fair for all (considering that the value of btc now is high). High transaction fee means faster processing of transactions (put yourself on the miners and you'll realize). Miners will prioritize those who are paying higher fees than those paying lower fees. And fees are, I think, fix in terms of BTC (not in USD).

[jesssh27]

I think because of the fork that it will become fast tin terms of transaction and maybe about the increasing value in bitcoin.

[Cranidos]

Hi guys just want to ask why the bitcoin fees are increasing i just notice the fees here https://bitcoinfees.21.co/
where 450sat/byte I thought this issue is already been solve what happen to bitcoin Or we should need to go switch to bitcoin cash instead?
But the problem switching to bitcoin cash still not worth it  because there are still no merchant are accepting bitcoin cash here in my country.. unlike bitcoin..

The increase in transaction fees is inevitable. Although there will be some upgrade that would make the increase to slow down, at the end of the road, transaction fees will just continue to grow. Mining Bitcoin is becoming less and less profitable to miners so in order to cope with that issue, the only way to increase their profit is to increase transaction fees.

[Lieldoryn]

Hi guys just want to ask why the bitcoin fees are increasing i just notice the fees here https://bitcoinfees.21.co/
where 450sat/byte I thought this issue is already been solve what happen to bitcoin Or we should need to go switch to bitcoin cash instead?
But the problem switching to bitcoin cash still not worth it  because there are still no merchant are accepting bitcoin cash here in my country.. unlike bitcoin..

The increase in transaction fees is inevitable. Although there will be some upgrade that would make the increase to slow down, at the end of the road, transaction fees will just continue to grow. Mining Bitcoin is becoming less and less profitable to miners so in order to cope with that issue, the only way to increase their profit is to increase transaction fees.

Now we are only at the beginning of the path. If we follow your logic, then how much will it cost to deal in the future? The miners were satisfied with the deal we will have to give them money? This is absurd. With this approach, bitcoins have no future.

[milewanda]

IMO the rise in fees is unlikely with the current improvements that happened and incoming to the bitcoin world, most likely the fees will decrease with the provision of more space for transactions in blocks, but even if it doesn't fall, I don't see it rising much more than now, particularly if it's not needed within 1-2 blocks.

[justspare]

Fees is high because of high demand that eventually reflect bitcoin growth also so that only price increasing almost double so for me fees is quite fair as long as bitcoin value increasing .

Recently, there has been a tremendous increase in the price of bitcoins. This attracted attention of many people which ultimately increased the demand of digital gold. With the increase in its supporters and investors, the number of transactions increased, so did the miners job. That’s why they increased the fee. It pretty much makes sense.