BTC fees exploding and BTC will crash down

[maeusi]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

[1714747375]

1714747375

[Janation]

As soon as possible, if fees will go down for a short price, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

You wish. Bitcoin is pretty expensive so I don't think that the fees will be having a down run. Also, the miners need to be paid correctly, especially this time that the other alt coin is making a development about mining and may get the miners of bitcoin. If that happen, it may affect the transactions and the price.

[Yoandy10]

Yeah, fees are getting out of hand. I think this might be the downfall of BTC - if fees keep rising and transactions get slower.

[Welds1977]

Yeah, fees are getting out of hand. I think this might be the downfall of BTC - if fees keep rising and transactions get slower.

115000 satoshis on bitcoinfees21.co right now. its just insane , 5 dollars for say for a transaction.

[Akash1243]

I don't think Bitcoin would just die because of it's transaction fees as bitcoin is itself very high.Miners also need to be profited as Bitcoin mining is not that profitable now.But I do think fees will go down in some time and Bitcoin will be back to normal fees.I think this spike in fees is due to other crypto currencies mining becoming more profitable and mining are shifting towards them.

[BitcoinBarrel]

Fees only seem ridiculous because the price of Bitcoin is so high. They have pretty much stayed the same...

[Variogam]

Now imagine if Bitcoin fees go to 100 dollars for a transaction as Adam Back and similar nuts wish for. Thankfully most Bitcoin ecosystem finally agreed to implement SegWit2x in November which means immediatelly doubling Bitcoin capacity.

[helloeverybody]

The higher the fees climb the less use cases bitcoin will have. Im sure already a lot of people dont even want to move bitcoin about due to the fees. To get around it any trades ive wanted to do ive had to do with alts and then change back to btc, not the best work around. Is this what bitcoin was destined to be?

[darkangel11]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

No, others won't follow you because others don't care about the fees, they care about the price.

Aren't the fees actually lower right now than they were 2 or 3 months ago? I remember it was crazy back then. The price has grew by at least $500 and the fees went down. It's actually great if you look at the big picture. Stop whining and sell already, but don't say I haven't warned you. BTC is going up in the long run and it's going to go up by so much that you'll have so much money you won't care how high the fees are.

[stevrev]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

what are you basing this on? I'm relatively new to bitcoin and am really curious about why you believe this to be true. has it happened before, or is this more of a gut feeling?

[Adalbert]

Stop complaining about the Bitcoin fees, they are not that huge. That's sure that if you want to transfer 1 or 2 dollars you will be in troubles, but what is good with Bitcoin is that you could send one million dollars for the same fees. SegWit will solve the problem a bit, but we are not in a crisis, stop exaggerating...

[joebrook]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

I think this was to expected due to the surge in the value of bitcoins,the fees are just unrealistically and something needs to be done about it. The miners are demanding just too much money for that and I believe that as the value rises, the fees is going to rise as well.

[aakashsangwan]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

No, others won't follow you because others don't care about the fees, they care about the price.

Aren't the fees actually lower right now than they were 2 or 3 months ago? I remember it was crazy back then. The price has grew by at least $500 and the fees went down. It's actually great if you look at the big picture. Stop whining and sell already, but don't say I haven't warned you. BTC is going up in the long run and it's going to go up by so much that you'll have so much money you won't care how high the fees are.

Absolutely! The fees have gone down as compared to the last few months, and also the transaction time is also reduced for me. As in past I had to do priority transaction from bitcoin wallet to get my bitcoins reach in other address in a few hours, now a days I can do the same with economic transaction fees on my wallet.

[1Referee]

Fees only seem ridiculous because the price of Bitcoin is so high. They have pretty much stayed the same...

That. Another aspect that plays a major role is that people have no way of cashing out their faucet and captcha dust. In order to move that bit of dust they have burning in their wallets, they need to include a fee that is likely 100-200% of that amount, and remember, that's just to move it, lol. These people account for a major part of the complainers, that's for sure. Just look at how many complaints have flown into the direction of online wallet services that no longer offer free external transactions. I seriously don't understand why people till this day are still farming faucets and captchas, watching video ads for 6 satoshi per 30 seconds, etc.

[hv_]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

I think this was to expected due to the surge in the value of bitcoins,the fees are just unrealistically and something needs to be done about it. The miners are demanding just too much money for that and I believe that as the value rises, the fees is going to rise as well.

SW is a slow starter.

Miners and others have signaled for bigger blocks long time ago. Bitcoin Cash works that way, as a proof of concept or prototype. But in a pole position to take over?

[The Sceptical Chymist]

Yeah, fees are getting out of hand. I think this might be the downfall of BTC - if fees keep rising and transactions get slower.

I agree, Colorado boy.  You can't send dust anymore, and using faucets is even more of a waste of time, because I do believe it adds to your inputs, which then raises the fees when you go to send money.  Faucets are a colossal waste of time anyway, but some are fun.  Can't beat free money.

And the confirmation times, ugh.  I'm not going to call OP an idiot for wanting to hold altcoins, because some of them are good and the fees certainly beat bitcoin's.  But I don't think bitcoin's going to crash soon.

[bigars]

It will be endless process. They will always find ways to increase capacity. BTC will never crash down

[maeusi]

As soon as possible, if fees will go down for a short time, I will sell Bitcoin and hold other cryptocurrencies and hope others will also do so until fees go down.

No, others won't follow you because others don't care about the fees, they care about the price.

Aren't the fees actually lower right now than they were 2 or 3 months ago? I remember it was crazy back then. The price has grew by at least $500 and the fees went down. It's actually great if you look at the big picture. Stop whining and sell already, but don't say I haven't warned you. BTC is going up in the long run and it's going to go up by so much that you'll have so much money you won't care how high the fees are.

I care about the fees, because they nearly reach 20 percent from the amount I send. I hope, that there will be soon a good solutiin for senders and miners.

[CoinOp]

The fees matter more to the people sending small amounts of Bitcoin, as a fee could be a decent chunk of the total send.  Bitcoin will have more people spending small amounts in the future.  The faucets are something that might just be phased out if they continue as they are giving away much less than a transaction fee is nearly useless.

[GreenBits]

Yeah, fees are getting out of hand. I think this might be the downfall of BTC - if fees keep rising and transactions get slower.

I agree, Colorado boy.  You can't send dust anymore, and using faucets is even more of a waste of time, because I do believe it adds to your inputs, which then raises the fees when you go to send money.  Faucets are a colossal waste of time anyway, but some are fun.  Can't beat free money.

And the confirmation times, ugh.  I'm not going to call OP an idiot for wanting to hold altcoins, because some of them are good and the fees certainly beat bitcoin's.  But I don't think bitcoin's going to crash soon.

Amen. I used to have a "dustbin" wallet on coinbase, I would send a super low fee and point all my dust at that one wallet, for the sake of organization. that is a fools errand nowadays, either you will perish waiting for it to confirm, or a decent fee will eat you alive

the fees have everything and nothing to do with the price, OP. Higher prices of course mean higher fees, thats how this works lol, the fees are denominated in BTC. But rising fees will never make the coin crash, so to speak, it will just make the network volume go down. people are quickly figuring out that bitcoin, at the moment, isnt the best choice for "small, casual transactions". in fact, unless you are transferring more than 100 USD worth of value, you should probably consider using a different medium of exchange than bitcoin. there are actually cheaper, faster alternatives. Hell, a money order through the mail, comparatively, is a better option, given that it is at least reversible