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Author Topic: bitcoin fees will NEVER come down  (Read 881 times)
thevlox
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May 22, 2018, 12:07:04 PM
 #61

 yes maybe or it's just that bitcoin er fee is decreasing. The reason for this is that the blackcoins bitcoin leaving bitcoin fees is decreasing. bitcoin has achieved a power stability across the world.
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May 22, 2018, 01:05:12 PM
 #62

We must find a concrete solution for high fees and high confirmation time because most of the things of daily need are available at the price of Bitcoin transaction fees and thus it doesn't make any sense to use Bitcoin if a person can technically get it for free.
Lightning is supposed to tackle fees and confirmation times, where on top of that it will allow a crazy number of transactions to be processed per second, so it's definitely a step in the right direction. Early testing is looking good, but once it's globally deployed the real test will start; the mass is the last stress test for Lightning. If it handles the mass, then it is going to explode (positively speaking) for sure.

and thus it doesn't make any sense to use Bitcoin if a person can technically get it for free.
Technically speaking, there is no such a thing as a free traditional payment service. Even if you don't have to pay fees directly, the merchant that's paying the fees includes them in whatever you end up buying, so you pay them anyway. It's just that people think they don't pay fees. In the end, there isn't anything that you can use for free in this world; everything has a price.

Today, Bitcoin is still the best option on the international level but when it comes to the offline transactions, we must find the long-lasting solution or it will remain the obstacle to growth.
Offline transactions aren't that much of a problem with how people use their debit/credit cards to pay for things wirelessly, or they use their smartphone.

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May 22, 2018, 02:26:58 PM
 #63

The reason the fees won't be too high is because high fees discourage people from using the system. Miners need the system to be useful otherwise their rewards become worthless.
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May 22, 2018, 02:36:23 PM
 #64

This is entirely untrue! If you still remember not so long ago when transactions took over a day to confirm we were subjected to pay fees as high as 0.01btc just to speed them up and not have to wait for days but today fees have dropped and we nolonger waiting days to have a tx to be processed but of course fees will rise with time which is normal.

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Moblie_Legend
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May 22, 2018, 03:37:31 PM
 #65

think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
that's what happens bitcoin mining is in need of capital consumption is quite large but there are still many coin miners who continue to invest with mining
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May 22, 2018, 03:55:55 PM
 #66

think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.

Hi there treer123! Im with you by that; I am frequent sender and receiver of bitcoin thru different wallet. One thing that I notice to one of my wallet is that the transaction fee is going higher and higher. On the other hand, another wallet have lower its fee since February. That is why I am asking to other users, do this wallet company is just adding a transaction fee? Do the people who confirm the transaction get all the fees of there is a large cut that goes to this wallet company. Bitcoin is suppose to cut the cost of transaction by cutting middleman. But in these case, I think a middleman is just establishing up again.
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May 22, 2018, 04:04:34 PM
 #67

I fully agree with you that Bitcoin will never visit. This development is a coin on which all equal and it has nothing to prove, but on the contrary, as you correctly noted, other currencies should, aspire to be like him.

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May 22, 2018, 08:16:01 PM
 #68

Hello. Yes, that would be interesting. you can pay for xxx movies or webcam with bitcoin . the porn industry would become an empire

Dmitry.Vastov
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May 23, 2018, 06:26:34 AM
 #69

think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
I don’t think that bitcoin transaction fee could ever be come down because there is no proper regulating body over body and people there are just doing according to their will there is no such authentic regulating body who could keep over all these activities and should take care of the consumer rights that in any way they should not be exploited and if bitcoin will centralised world wide then also the transaction fee will be high because then government will implement tax over the transaction fee but in that case conditions will be good.
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May 23, 2018, 09:27:59 AM
 #70

I'm not 100% sure about it but I don't think that they will ever come down. The reasons for this are that there are far less coins in circulation since people are holding a lot of the coins waiting for them to increase in value and the difficulty level for mining BTC has gone  through the roof and not looking like it's going to stop any time soon. Another reason is that when mining of new BTC coins ends, if BTC even survives that long, that will make transaction fees etc the only forms of income for miners from BTC.

The wallet providers also have their own interest in making money from transaction fees since they are clogged up with a backlog of people making infrequent transactions so one of the best solutions for them is to incentivize people to transact more often by charging them less fees the more active they are
sonofliberty
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May 23, 2018, 09:28:11 AM
 #71

I have seen many projects coming around these days that are offering a faster and cheaper bitcoin transaction, so maybe some day

solopay669
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May 23, 2018, 09:56:38 AM
 #72


yes, it will not disappear, I think he will take a position that he himself is such, but the price can be very low, and probably this will be all.
gnerro2
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May 23, 2018, 10:06:53 AM
 #73

never!? but im almost sure since the previous year fees have been already  lowered..

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May 23, 2018, 11:01:13 AM
 #74

think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
yes.. as i heard in many bitcoin users bitcoin fees will never go down it will become higher and higher so if you want to have a good success you have to earn more bitcoin now for better..
it is kinda scammy when the Fees is going higher and higher. and you have no choice but to use it because it is a secure exchanger .
well Life is unfair . and our world is Greedy as Fuck. so let just Face the truth

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May 23, 2018, 11:36:45 AM
 #75

it's true, though. they would never let it happen to be zero fee as many more users can bring tons of profit.
bitbunnny
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May 23, 2018, 11:53:59 AM
 #76

Not so long time ago when the Bitcoin price was on the peak fees were a huge problem because they were extremly high.
At the moment fees are prety low and decent. Bitcoin transactions have certain price and the miners need their share so expecting for fees to be zero it's not realistic.
Nothing comes completely for free and so it's the situation with Bitcoin, using it has some price.

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July 07, 2018, 02:32:04 PM
 #77

I don't really know because bitcoin fees is randomly sometime become increases and sometime decreases if many people are uses bitcoin the bitcoin get high but if little bit of people are uses bitcoin it get down.
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July 07, 2018, 02:35:28 PM
 #78

Well, for the benefit of all, the fee will go down so as to keep alive the ideology of bitcoin otherwise, bankers will mock us. Think of it: as charges drop, more users will come in and that means more btc for miners.
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July 07, 2018, 02:39:48 PM
 #79

I'm wishing that Bitcoin will never come down. Because the Bitcoin is the only one who can help to have money even though I'm just a student. And also, I'm wishing that the price of Bitcoin will not be down.
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July 07, 2018, 03:08:28 PM
 #80

if the cost of bitcoin never goes down, why now the price is so far downhill?

He is talking about transaction FEES, not the bitcoin price itself.


Not so long time ago when the Bitcoin price was on the peak fees were a huge problem because they were extremly high.
At the moment fees are prety low and decent. Bitcoin transactions have certain price and the miners need their share so expecting for fees to be zero it's not realistic.
Nothing comes completely for free and so it's the situation with Bitcoin, using it has some price.

It was mostly bad management from exchanges due not adding transaction batching, also major spamming by Ver and co back then was cluttering up the block space, but I wonder how much of a % was legit transaction volume increasing due people FOMO'ing up into he price surge and how much blocks getting full were a cause of the price crash...
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