in future the Bitcoin will be the Money of Rich people only

[kahrorr]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

[1715472681]

1715472681

[1715472681]

1715472681

[joinfree]

Yes, but the problem with it, is that mining fees are very high at these moments, bitcoin was made to replace the real currencies, but it can not act like that at the moment. If you go to a coffee shop who accepts bitcoin, and you are paying for a coffee who is worth $1,25, you are going to pay more than five dollars for the fees, this is why bitcoin can not be used for small transactions, and not even for the less-recurses people who does not even have 0.01 bitcoin at all.

[Xavofat]

if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

People don't hold that money forever though.  Sooner or later, it goes back into circulation.

Price rises also can't increase forever, so eventually it'll have to even out.  There's also the basic psychology of trading, which really doesn't involve HODLing as much as people would like to think that it does.

if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be

That's not how transaction fees work.  They don't have to increase proportionately with price.

[STRAKS]

The high fees are certainly not helping Bitcoin to make it a real-world currency. It is predominantly utilised today primarily as a storage of fiat, for people who are interested in higher and faster ROI than the bank and stock market. Bitcoin will still be held by everyone in the future, just in smaller proportions. It is not impossible long term though that another currency wins out over Bitcoin, it could be one of its forks or another crypto that has yet to be released - only the future will tell.

[Youghoor]

I prefer to use bitcoin to hold my money and earn money at the same time, i dont think about using it to buy stuff, food, or other things, because it is impossible because of the expensive fees that are on the transactions right now. But it is good to hold your money, everybody wants to do that.
and regarding to the fees, you can try to use other altcoins if you want to spend less money while you send payments, far as i know ethereum is only charging $0,30 per transaction..

[eckmar]

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

Not true. Even if price is 100k per BTC fees could theoretically still be less than 10 cents. There are two factors that determine fees. Number of unconfirmed transactions that are currently in the mempool and number of miners that are processing those transactions. Increasing number of miners would lower the fees. We see Segwit2X increasing the block size so they could fit more transactions, lowering the number of unconfirmed ones in mempol. But what they are trying to do now is a bit overkill.

[franky1]

Not true. Even if price is 100k per BTC fees could theoretically still be less than 10 cents.

do some maths
if fee was just 1sat a byte.. then with the smallest tx being over 100bytes.. means 100 sat minimum

now work out what 100sats are if btc was $100k..

hint: far more than 10cents

[hatshepsut93]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

1. You don't have to own one whole Bitcoin to use Bitcoin, when the price will be at hundreds of thousands, regular users will make payments in thousands of satoshi's. Since every coin can be split into 100 millions smallest units, there's no problem with money supply, even if many coins are lost, or "hodled".

2. 0.0001 BTC is $0.74 today, which is a very cheap fee if you are transferring anything higher than $50. Fees are a problem because cryptocurrencies are not ready to process as much transactions as traditional payment processors - and forks or altcoins like Bitcoins Cash or SegWit2x won't solve this problem. The best hope we have is the Lightning Network.

[mrcash02]

Transaction fees can change along the time as Bitcoin is improved. Bitcoin isn't on its fully developed level yet, there are changes that could be done to make user's experience better and more positive. Bitcoin isn't the money of rich people only, it's the money of who wants to skip unfair fees and taxes, fast online transactions, de-bureaucracy. Anyway, poor people that only listen to their governments and live from social welfare will never use Bitcoins, as governments don't promote it...

[ladydark]

No,bitcoin could even be the money of the poor.What would be the difference is that instead of buying and holding one bitcoin,they would be buying it in satoshis 0.01btc or 0.001 btc.

Transaction fee would not increase very high in proportion to bitcoin price rise.So,bitcoin could be used by all sects of people irrespective of its high price.

[Arumi.Bilqis]

I do not think because at this moment bitcoin has been enjoyed by all circles and there is no prohibition to have it anyone and from any circle can have it as long as we understand how to get it and if it happens then many people have bitcoin. Will be disappointed with this action hopefully never happened.

[SUDARMONO]

it's true that bitcoin prices are getting higher and higher, and bitcoin owners are getting richer and bitcoin enthusiasts are getting higher, I think the poor people will be hard to buy bitcoin but there is a way out if there is a will and understanding, I think the poor can learn and join the forum here to get free bitcoins and that way they can have bitcoins and get rich.

[tamawaelah]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

yess, bitcoin is not ideal for poor man, now the price is to expensive, 1BTC worth it $7000. Not everyone can have 1BTC on their pocket.
how crazy this value of bitcoin,

[Sachinist]

The high fees are certainly not helping Bitcoin to make it a real-world currency. It is predominantly utilised today primarily as a storage of fiat, for people who are interested in higher and faster ROI than the bank and stock market. Bitcoin will still be held by everyone in the future, just in smaller proportions. It is not impossible long term though that another currency wins out over Bitcoin, it could be one of its forks or another crypto that has yet to be released - only the future will tell.

Whatever the currency, scalability is a problem for all crytocurrencies as the network grows. A viable alternative for PoW may address scalability. There's another way but I'm not giving that idea away for free!

[fiulpro]

I completely aggree that in the near future the supply of bitcoins will cease and the price will increase even further and thus you can say that only the richest would have access to it but I think you are missing a big point here... Well you know I don't think anywhere in this forum we are required to write our annual income and then according to our annual income we get selected^
If you know what I mean.

Yes it might limit us from buying bitcoins but it won't ever limit us from earning ... And if someone is that worried about its prices being that high I think they should go ahead and buy some bitcoins and keep them aside for years to come.

Nothing can keep you from earning through using your skills...at that time you can easily accept payment in the form of bitcoins and still join signature campaigns.

[Yakamoto]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

I don't know what kind of fees you're paying but you're paying fees which are way too high and you are just scamming yourself if you have been paying them for the entire time you've been paying Bitcoin. My fees are in the tens of cad cents, which means I'm paying maybe $0.30 USD to send transactions ranging from $10 to $100. Where in the world did you start paying $7 in fees for each transaction?

It's not like my transactions take long either, maybe 30 minutes to an hour at most. $7 is insane, and if you're impatient then lmao'ing @ your life.

[game-protect]

In future you can still use bitcoin as a poor person as you will always get the equivalent of the value of your fiat money in bitcoin. You say the people are rich because they get $100k for 1 bitcoin but how much you can get for the $100k in real assets at that time? They are rich in fiat money and the fiat money will experience a hyperinflation one day because that is the cycle of the fiat money out of the nothing printing system!

[maydna]

how if that person is only have less than 1 bitcoin? i think he still the rich people because not all people in out there which is using bitcoin and if he can save more bitcoin in his wallet then he will make huge money as we know the bitcoin price now is more than $7xxx. so if in the future, the price is increase more, then we can do many things to increase our bitcoin and we can make sure that we are the rich people which having much of bitcoin.

[ubay]

Bitcoin can belong to anyone, as long as they keep it well. Not tempted to sell or spend it on unnecessary things. Bitcoin for everyone.

[yugyug]

to OP, you are right, in the future this could be the money for the riches and it is opposing to what Mr. Nakamoto envisioned about bitcoin - it is for the masses. now the problem lies on the transaction side, any form of transactions would go into the blockchain and the  blockchain mined bitcoin for security and mining bitcoin cost a lot of electricity, so i don't think it is hard to lower the transaction fee even if segwit2x and lightning be implemented, this is the nature for the proof-of-work coins.

[GreenBits]

to OP, you are right, in the future this could be the money for the riches and it is opposing to what Mr. Nakamoto envisioned about bitcoin - it is for the masses. now the problem lies on the transaction side, any form of transactions would go into the blockchain and the  blockchain mined bitcoin for security and mining bitcoin cost a lot of electricity, so i don't think it is hard to lower the transaction fee even if segwit2x and lightning be implemented, this is the nature for the proof-of-work coins.

more truth than the OP knows. If this were truly regulated, the risks versus the rate would make this the class of asset only really suitable for venture capital and angel investors. essentially, accredited investors. adoption actually should shift this more towards the common person, as the aim of most bitcoin or crypto platforms has been user friendliness to the point of being damned near absurd (bitcoin is hard, apparently). but the price is taking this thing into elite territory. and the fees will soon dictate that transactions need to be a decent size.

we are long beyond "casual" transactions 

[dimastegar]

Bitcoin just for the rich? Yes, because of the increasingly high prices and many requests every day, making Bitcoin difficult to reach by ordinary people. Although we can buy 0.00000001, 0.0002, 0002 and so on because Bitcoin can be divided equally. Still it is very difficult to collect Bitcoin. Even with mining, Bitcoin is getting harder to mine on a weekly basis. And for transaction fee, not problem for me.

[CoffeeForMe]

I think the government not let it bitcoin will be a money in future because they do many real money for the people, and i think many people will not approve for money for rich only because they have also a hope for their self or for they family. Because they want also to do their future or for their dream, because all people can get rich by thier self by efforting to do their dream.

[awilliams]

Supporting the ecosystem means circulating it. I think the only problem we'd run into would be if everyone just held onto it, which wouldn't really do anything to benefit anyone. The point of currency is to be circulated

[Dod Ong]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

For me, not only the rich people can earned more money here in bitcoin but they can. They can be billionare here in bitcoin, why? because they have a more money than ordinary people they can buy more accounts and make account how many they want to create. The rich people is far than ordinary people they can buy any thing they want because they have a more money than other people.

[bitart]

Supporting the ecosystem means circulating it. I think the only problem we'd run into would be if everyone just held onto it, which wouldn't really do anything to benefit anyone. The point of currency is to be circulated

In the time of kings and knights gold was really similar. It was the value holder 'currency' but in the real life it was an asset instead. Currency was silver in the terms of paying for goods and services and it's value was closer to the value of the goods. Gold's value was far higher than the average good's so it was not practical to use it in everyday transactions. Additionally, it was really hard to divide, so it was really impractical. Bitcoin however can be divided into so little fragments that it can handle this kind of task to be a currency, to circulate, and not to be the asset of rich people. But today only a few people have bitcoin, and they're holding it. As soon as the value will increase and much smaller fragments of it would be enough to pay for average goods and services, more and more people will use bitcoin in everyday life, so it won't be the money of rich people only.

[jimn]

We don't know how much the Bitcoin price will become in the future, but likely it will keep increasing and surely it will be higher than actual price. But I think even if this happen , Bitcoin will be always available for everyone not only for rich people.

[khaled0111]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

Let's discuss the first point: i can't understand why you believe that bitcoin price rising is a bad thing? you can buy what you want with the money you have, you don't have to buy 1 BTC just get what you need, it is possible to create a transaction to send some satoshies.
You are right about the second point, transaction fees became unbearable especially when we talk about small amounts transaction that's why implementing segwit2x is mandatory.

[Kprawn]

Transaction fees will not be a issue when technologies like the Lightning Network gets implemented in the future. People are

already using other Alt coins with cheaper miners fees to do micro transactions. Bitcoin can cannibalize any code, if they

need to, if one of these Alt coins have a better solution. These Alt coins are all based on the original BTC code/protocol. This

is one thing about programmable money.... it is just that... programmable. 

[Carmen01]

No i think bitcoin will be access in any user because even it so high like now.We have here faucet to earn even its little so it can use in any person even your rich or poor you can earn bitcoin.We can also do gambling to play because they can be access also even you dont have big money.I think in the future of bitcoin will be useful in any kinds of person

[RomanPetrush]

In Q2 2018 will be opened banks with crypto. Just half of the year, and crypto will be availbale for regular people.

[sathvik112]

Of course, in the present trend it's even though a pain for teenagers like me to put the pocket money into bitcoin.
It's all just because of future gain we do now. May be yes we are the future trend for the freshers 
In future crypo will be the common factor like the other currency even the banks do does reason why the demand matters.

[F2b]

Of course, in the present trend it's even though a pain for teenagers like me to put the pocket money into bitcoin.

I agree. Especially when you need to use a SEPA transfer if you don't want to pay the double of the actual bitcoin value
Anyway.

1. I think that the supply is not a problem : as said, even if 1 BTC is worth $100000, 10 Satoshis (for exemple) would still be affordable.

2. For the fees, I don't really know. First, if there is a mass adoption, there would obviously be more transactions, so more fees (--> to make mining more profitable --> to have more miners (I think)). But this scenario is good only if Bitcoin keeps PoW verification.

Wait and see...

[Pettuh4]

No i think bitcoin will be access in any user because even it so high like now.We have here faucet to earn even its little so it can use in any person even your rich or poor you can earn bitcoin.We can also do gambling to play because they can be access also even you dont have big money.I think in the future of bitcoin will be useful in any kinds of person

The argument by the OP in the first placed is flawed because majority of ordinary fiat currencies are also in the possession of the rich people only because  they have higher income than the others in the social class and  so it is and has been in this world and  so the rich will keep having the lions share of whatever good thing there is, including currencies.

[z38630610]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

I don't think bitcoin will only be used by rich people. It may make people rich you are right about that. But there will be many bourgeoisie people who invest with bitcoin. You can say that it will be hard to buy bitcoin in the future.

[Abete]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

that's the pleasure of following and observing Cryptocurrency, I like to read your writing, it's certainly a good experience and personal views. Even up to now, economists and business experts are very surprised by the development of bitcoin.

[cryptolit]

I don't think so. But I could be wrong. Even if people don't have much money, what they can afford in bitcoin will match their fiat value, right?! So they can buy Bitcoin and own as much as they can afford, or would otherwise store in fiat. Therefore it's similar to saying cash is for the rich.

[giarised]

Of course, in the present trend it's even though a pain for teenagers like me to put the pocket money into bitcoin.
It's all just because of future gain we do now. May be yes we are the future trend for the freshers 
In future crypo will be the common factor like the other currency even the banks do does reason why the demand matters.

Wise are those who have either invested or who are investing now, bitcoin is about to make a high or speedy boast in upcoming years and it will replace all other regular currencies and will be used for buying necessities instead of paper money, it gives a high output allowing people to meet their financial needs and secure some for the future, its rewards are multiple and its users will be the rich of tomorrow

[CoffeeForMe]

I think the government not let it bitcoin will be a money in future because they do many real money for the people, and i think many people will not approve for money for rich only because they have also a hope for their self or for they family. Because they want also to do their future or for their dream, because all people can get rich by thier self by efforting to do their dream.

[roddy5]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

The reason why demand keeps on rising is because people are seeing the good potential of the coin in the future. Well we can't say that it is only for rich people because you can invest now and just wait for the price to go high. So it doesn't matter if you are rich because you can invest any amount for now.

[AmXProX]

as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.

my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .

1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .

2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness  that we were paying like 13 cents and some more before December 2016 and now we have to pay  5 to 7 USD for each transaction .

suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.

It is a matter of when did you started investing on bitcoin. Well when the time comes if it will that bitcoin is used as a currency then you don't need to convert the transaction to any fiat currency so a payment of BTC 0.0001 is a payment of BTC 0.0001 no other conversion needed. So everyone will have the same way on how to see it. when you invested early  you might have more bitcoin that you won't care how much the transaction fee is anymore. So if a "poor" person invested in bitcoin the same time as a rich one did they will have the same conversion when that time comes. It will just be the matter on how many coins do you have.

[LancienMaleAlpha]

Yeah, I agree. Bitcoin is gonna become much higher in price sooner or later. So that transaction fees are gonna increase too. So I recommend everyone not spend their BTC until the next year.

[Javanewstar]

Indeed, what you're saying is right, bitcoin is gradually raising his bar, and as prices get higher and the poor start to get bitcoin, Bitcoin is the rich game.