Why bitcoin transaction fee keeps increasing?

[princebridge7]

I think maybe your vision is wrong or maybe the transaction has a policy of Exchange you use.

as far as I know, the greater the Bitcoin in send or in transaksikan then the higher the cost for each transaction.

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[agentdavid007]

Because they are "dust" transactions and if anyone could submit zero-transaction-fee transactions, people could start a DOS attack and clog the system.

[luckybit1]

Its got value,so many people into bitcoin ,thats why the transactions is increasing/.

[hakertajniak]

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 increment of bitcoin transaction fee was caused by sudden spiking price at the end of the last year.
for now, bitcoin fee is normal. bitcoin transaction fee is no problem for me, the problem is the transaction speed which is rather slow.

[yesyoupump]

Fees depend by blockchain use.
Yesterday was an important date: Ethereum fees overcomes Bitcoin fees.
This depends by the intensive use of Ethereum blockchain.

[micle222]

Maybe Bitcoin you send it is more than the price before it, for example:

transfer fee 0.1 Bitcoin = 50,000 satoshi
transfer fee 0.5 Bitcoin = 100,000 satoshi

if such is probably still reasonable, because the miners also want to profit from the transfer.

[milandres0207]

I think why bitcoin transaction keeps increasing is depends on its market value and like the price of bitcoin, the price of its transaction is depends on the percentage that they get on the bitcoin. It is just my opinion, looking for the right answer then if i am wrong.

[Bougenville]

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 this is because too many transactions use bitcoin, then there is a queue in it. like you send a package if you want a quick item until your destination will be asked for an additional charge of the normal fee

[Yurkov]

The transaction fees depends on a  number of factors in addition of the amount being sent. For instance, if the traffic is congested, you have to pay more.

True, people don't really know how taxes and fee are working and their speculation about them are still wrong. So many factors are connected to them.

[hoamoclan]

bitcoin transaction fees are pushed up by demand and some participants will always be willing to pay greater and greater amounts in order to ensure their transaction is confirmed in a short period of time

[Williamnak]

Because participants is sending transactions of greatest value are likely to be willing to pay the most to prioritize their transactions. This effect will likely only increase further if Bitcoin prices continue to rise in the long term, as the utility of Bitcoin as a means for larger settlement develops.

[Macon Bargeman]

 Fees will continue to increase. For a "fee market" to evolve, there needs to be demand and suppliers. But there is only a fixed supply.
If fees get high, there's no way for miners to say, "Oh fees are high, we should mine more blocks or larger blocks to capture these fees". So fees continue to increase because demand is just slightly higher than capacity.
 Anyone who has ever used the phrase "fee market" with respect to a fixed block size has no grasp of what is and will occur.

[Eden Thompson]

If someone is attacking with transactions then the price increase should make it cost prohibitive to scale up. If these are attacks they should stop and the fees wil adjust accordingly. I think in the future microtransactions should be done off the block. If you moving $20 or more and have to pay ¢15.

[ginobitcoiner]

bitcoin transaction fee keeps increasing, as bitcoin prices continue to be pumped for the rising bitcoin price.
the transaction cost will follow the bitcoin price of course.

[Eros1on]

The reason for the increase in transaction costs is that the number of transactions increases, and then the blockchain congestion occurs. Of course, the increase in BTC's price will also increase transaction fees.

[sinta23]

bitcoin transaction fee keeps increasing, as bitcoin prices continue to be pumped for the rising bitcoin price.
the transaction cost will follow the bitcoin price of course.

indeed the cost is increasingly longer, and it's enough to make us all the trouble in buying bitcoin so far, so to buy the bitcoin it does require a high enough funds for the transaction

[rakesh6162]

Bitcoin is a currency that works in a decentralized network. the Bitcoin transaction fee keeps increasing due to the Bitcoin network is busy or loaded at the moment of transaction. usually the fee increases during sudden bitcoin rate fluctuations and major world events. The Bitcoin network calculates fees based on the number of transactions and the size of a transaction depends on the number of inputs that hold funds. The more inputs you have, the more expensive the transaction.

[molla_corda]

This is primarily due to the ever-increasing complexity of the production unit, which leads to the need to increase production capacity. Everything in the compartment forms an increase in the price of the operations themselves, so that the network can simply work, and this already leads to an increase in the transaction fee.

[tanxpresisit514]

Its got value,so many people into bitcoin ,thats why the transactions is increasing/.

The cost of bitcoin transactions increases because the value of bitcoin itself increases, so the nominal that must be paid also increases with the high price of bitcoin. However, the percentage does not change only each bitcoin exchange applies a fee that is not the same.

[Malam90]

Yes, recent bitcoin transaction fee is increasing because mining fees are high than the market value. Miners are now in losses, this increasing transaction fees may be for that reason to cover the losses of the miners.