Will fees keep rising to thousands of dollars?

[Hobo66]

I'm facing the same situation about the bitcoin fees as well,
due to the increase in bitcoin price value the fees have been
growing to the moon ever since, I hope they could fix this issue soon.

[danherbias07]

I dont think so. Even with a hundred dollars of transaction fee people might get weary and cannot take that anymore.

Even just now they are all screaming about the fees, what else when it goes to a higher one.
Maybe when 1 bitcoin will be equal to a million dollars. Then maybe they will make fees that will be equal to how much it should be.

[brushtooth]

I want to know if it is possible because then I need to exit before fees are higher than my balance. 

It's possible, but I don't think it will happen. If fees got to such a high amount then bitcoin would be completely useless and the price would crash enormously. While fees right now are far from ideal the situation is still salvageable

[Bukx]

I want to know if it is possible because then I need to exit before fees are higher than my balance. 

Fees going higher similar with the bitcoin price going higher.
So in this case, fee can growing higher depending on bitcoin price.

[BossMacko]

It can become possible if you are going to withdraw or deposit a big amount of Bitcoin during congested network when there are lots of pending transactions that is slowly being confirmed by the miners, like 100k+ unconfirmed transaction.

[ss890]

I want to know if it is possible because then I need to exit before fees are higher than my balance. 

I don't think that bitcoin price will rise to one thousand dollar. It's crazy to think even if they are doing the weired updates on fees these days. The fees are decided randomly most of the time and a miner choose which one to take.

What if in the future there are miners who are ready to process your transaction with hundred dollars and there are miners who are the usual one which you think will accept the one thousand dollar fees. Then what do you think where people will go? It's most probably the first group with little fees. The rest miners will never get those fees. Otherwise bitcoin will never work.

[PX-Z]

Bitcoin price is not that high I only asked for something 0.0002-0.0008 BTC every transactions the only people are thinking is that 0.0003 is too high already because of the current rates, if you experienced sending BTC before when the price was just on 5000k then that price is too low IMO. All I can say is that the recommended fee is too high.

[Flor1982]

I want to know if it is possible because then I need to exit before fees are higher than my balance. 

If the bitcoin price value increases it will rise together with your remaining balance and the fees too. Therefore you should be use to it. The transactions fees might reduce if their is no more traffic in the blockchain that is why the need to support segwit is a must so that it could make the traffic smooth and will reduce the fees of the miners.

[jseverson]

There's no way. Bitcoin is starting to stabilize. Sure, the backlog is still very much north of 100k transactions, but it's much better compared to like 240k like 2 weeks ago. The transaction fees should return to normal soon, and it's very likely we'll see a rally after.

I'm facing the same situation about the bitcoin fees as well,
due to the increase in bitcoin price value the fees have been
growing to the moon ever since, I hope they could fix this issue soon.

Value is a driving factor, but the main culprit is the massive number of transactions. Satoshis are getting more expensive, yes, but you still shouldn't end up paying more than a few cents under normal network conditions.

[DARKANGEL6415]

Ok i must admit just the tought of seeing your post turned my stomach  hardcore.  Who would ever imagine transaction fees in the price range of thousands of dollars.  Now with lightning network being tested and deployed hopefully those high fees are gone.