Why bitcoin transaction fee keeps increasing?

[dohh]

Hi guys,i just wanna knows that why the transaction fee for bitcoins is increasing everyday.Some days before i send bitcoin to a trader the fee was 0.0005btc but yesterday i repeat the same transaction same amount then the fee was 0.0006 btc.

Please correct me if i am posted in wrong section.

Thats because this scam nears to its end soon.

The reason is pure mathematics: there are less and less BTC to be released via mining, therefore there will be nothing to pay the miners with.

2 possibilites:

a) scheme masters try to prolong the scheme, by increasing payments to miners with transaction fees. That wont help in long run, because finally BTC release will drop to ZERO and if they want to include all reward for mining into transaction fee, the service will be ridiculously expensive.

b) scheme has entered second phase, where scheme masters collect money for themselves and miners stay underpaid. 

[1715698825]

1715698825

[Direwolve735]

Now Bitcoin has become much more popular than before, and tens of thousands of people regularly want to transfer it. Blocks are extracted more slowly than those wishing to make a transaction. As a result, from the transactions that are sent by users to the network, but not yet to a block, that is not confirmed, a queue is formed. As a result, commissions can reach undue proportions.

[bright4mech]

Bitcoin has been circulating around the world, which can not be dictate who is selling BTC, because bitcoin because has been registered with a smart contract, industrial, therefore is a peer to peer business.

[DoublerHunter]

The fees are pretty low at the moment and i do not think that you need to spend more than half a dollar at the moment, its low

That is right, the fees of bitcoin is now cheaper compare to the rate for fees back then like the year of 2017. I think this is a good indication that the network of bitcoin is not that congested like before and it is a good sign that the network of bitcoin is now faster and so much better than the last year's network which means it can handle transactions easily.

[sensimilia]

Now Bitcoin has become much more popular than before, and tens of thousands of people regularly want to transfer it. Blocks are extracted more slowly than those wishing to make a transaction. As a result, from the transactions that are sent by users to the network, but not yet to a block, that is not confirmed, a queue is formed. As a result, commissions can reach undue proportions.

Зeople believe that everything that is popular should be free, easy and bring profit. But nothing needs to be done. This is a script for a movie) You always need to remember that you pay for all you are doing in your life.

[mjaranzasu]

Now Bitcoin has become much more popular than before, and tens of thousands of people regularly want to transfer it. Blocks are extracted more slowly than those wishing to make a transaction. As a result, from the transactions that are sent by users to the network, but not yet to a block, that is not confirmed, a queue is formed. As a result, commissions can reach undue proportions.

Yes, and sooner or later transaction fees will increase again and time will come people will avoid using bitcoin as transactions fees will be higher than our daily salary in our offline work.

[Luigieee]

Because of the transaction of it,it increase and increase because many of the people now was using a blockchain so if you want a fast transaction you need to increase your gas.

[Bulljcak]

What's does it mean "the same transaction"? If you're referring to the amount being sent then this has nothing to do with the fees. It's the transaction size that make the fees bigger.

And maybe,many more transactions will do.The transaction fee also will fast adjust and increased their fees.

[Abigail Asi]

Bitcoin transaction fee keeps increasing because of its popularity and its higher price irrespective of the volatility or unstable nature of bitcoin.

[oni4an]

Several factors could affect this, such as the time period for which the transaction took place and the network congestion.  In any case, it is necessary to try to calculate all possible figures.

[soikot0012]

that is also feasible with the aid of basing the small quantity of Bitcoin we attempt to transfer so there are so many excessive transaction costs and vice versa.

[Ezenwanyi]

This happens mostly whenever the network is congested .

It could also be as a result of many unconfirmed transaction piled up on the bitcoin ecosystem.
I also have noticed that increase in price happens at times when the price of bitcoin is on the upward trend

[sakamaku]

Bitcoins keep rising, when things are just fine, bitcoin is registered with a smart, industrial contract, so it's a peer company.

[Linhkej]

Hi guys,i just wanna knows that why the transaction fee for bitcoins is increasing everyday.Some days before i send bitcoin to a trader the fee was 0.0005btc but yesterday i repeat the same transaction same amount then the fee was 0.0006 btc.

Please correct me if i am posted in wrong section.

I think the increase in transaction fees is related to the current economic situation. Because the price of Bitcoin fell sharply, the transaction significantly decreased. They do not handle as many transactions as before so they have to increase transaction fees to ensure monthly sales.

[SimpleVamin]

Because more and more people are investing, the more expensive BTC prices, the more valuable the transaction fee increases according to its value.

[DungPhan]

It is not high enough, just because the price of a bitcoin is too high

[maneka]

BTC is a futuristic, open market with it, Bitcoin now has a significant amount of demand for blockchain traffic becoming solid. Perhaps that also includes causing transaction costs on bitcoin to increase.

[doodle07]

Due to high a volume of transactions, the fees will be surely increase and other reason maybe the economic status affect the transaction fees also. But what matter most was we are not being taxed by governments, transaction fees will be our compensation for the profit we earned or gained.

[Desscount]

Hi guys,i just wanna knows that why the transaction fee for bitcoins is increasing everyday.Some days before i send bitcoin to a trader the fee was 0.0005btc but yesterday i repeat the same transaction same amount then the fee was 0.0006 btc.

Please correct me if i am posted in wrong section.

now the cost of bitcoin transaction has returned to normal, yes I heard from a friend of merchant. in this decrease in activity increase unlike post-growth last year.
I think every transaction fee will follow with its growth

[ParveZ219]

Hi guys,i just wanna knows that why the transaction fee for bitcoins is increasing everyday.Some days before i send bitcoin to a trader the fee was 0.0005btc but yesterday i repeat the same transaction same amount then the fee was 0.0006 btc.

Please correct me if i am posted in wrong section.

The transaction fees increases and decreases with the amount you are transferring and the value of bitcoins...So what do you mean by same transaction actually.