Bitcoin will die if this is not sorted out

[Blockfolioz]

The transaction fee on bitcoin transactions were much high than the past days. Now as the price has increased, the transaction fee too has leaped to a much higher level. Another thing is that even after providing the respective transaction fee the confirmations were getting delayed. Hope this will get rectified at the earliest to lead towards next level of growth.

[Advicerabi]

Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end 

I agree, cryptocurrency will die slowly if the problem of high transaction fees could not be corrected. many people choose bitcoin or other cryptocurrency to transact in finance because the fee is cheap and now it is to expensive.

I think now it is the time for the developer to think about this problem, otherwise this will be a serious problem. Maybe for the owner of a large capital is no problem because they still got big profit but for those who have small capital or transection with very small amounts of course it is a big problem.

[tomahawk9]

Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end  

If that were true then bitcoin would be already dead since there are other altcoins offering low fees and faster transactions. And even with lower transactions fees and faster networks, they wouldn't be able to compete against Square, paypal, bank transfers, etc, these centralized systems will always be one step ahead of cryptocurrencies, yet cryptocurrencies are still alive.
Also, people have been complaining about the btc fees even when they were around $5 or less, but look at the fees now (or back in december)...now look at bitcoin...alive and still #1 in the market.
I think you're missing the point of cryptocurrencies, or maybe you don't know the fundamentals of cryptocurrencies. I don't want to go into detail since I believe cryptocurrency newcomers should always do their homework when entering the cryptocurrency world, but just so you know, speed isn't everything, and cryptocurrencies weren't created to be fast payment processors.

We all know know there's a problem with Bitcoin with the long wait times and high fees, but these issues will be sorted out soon. Conclusion: bitcoin will not die because of the reasons you mentioned.

[ethereumhunter]

Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end 

I think for bitcoin it will need time to see the high fee is reduced but I don't know too much about that. and for the other crypto coins, I think we have many options of the coins that use cheap fees and with the high confirming transaction. I think we still could use the other crypto to make the transaction if we don't want to pay too many fees for bitcoin.

[Indrawan77]

I believe the effect of high fee already having impact, a lot of users already suggested to used eth or litecoin for transaction because its cheaper and faster, the bitcoin fee is already too high, if you compare with eth you will see huge difference, this things certainly need  to be sort out immediately, if we keep on losing users, then bitcoin will fall down from the throne

[buternasek]

yes, it becomes a very serious problem can not be underestimated and considered trivial
otherwise people become fed up and leave bitcoin, there must be a change

[senin]

In my opinion so far only at bitkoin a problem with slowness and high cost of transactions. Other coins do not have such problems. Such problems in the ethereum are maturing, however, groups are already creating there to solve this problem in advance. In other coins, transactions are fast and with relatively normal transactions at their cost.

[nicster551]

Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end 

Well, people tend to go with the flow with our community, it will always depend on the people if they want to invest in crypto, well this way they can get to a max profit by just investing to a coin, so does they care about the fee anymore?

[Kakmakr]

It looks like Coinbase is one of the main reasons why Bitcoin <Legacy> is struggling at the moment. If Coinbase add support for SegWit and they stop spamming the network with unnecessary traffic, most problems will be resolved.

Coinbase is deliberately supporting Bitcoin Cash over SegWit <By implementing it before SegWit> and they are not batching tx's, but rather allowing people to send individual tx's, causing unnecesary congestion on the MemPool. ^grrrrrrr^

[Satish147]

Yeah, Bitcoin popularity will die if it not solves it's utiate purpose as being a universal currency and I think this problem will be solved only when scalability issues resolved

[usahaali03]

yes I think this is true, the evidence has been seen in recent months when bitcoin prices reached the highest peak, in that condition many parties raised the cost of bitcoin transactions, and after that bitcoin prices began to decline slowly.

[flippener]

yes I think this is true, the evidence has been seen in recent months when bitcoin prices reached the highest peak, in that condition many parties raised the cost of bitcoin transactions, and after that bitcoin prices began to decline slowly.

I'm a big fan of Bitcoin, but I agree the cost of Bitcoin transactions is getting serious and causing problems - they need to find a solution for it, either Lightning or something similar. Things can't go on as they are.

[micher143]

yes, I agree with you, I think the intention is not dead, but the crypto world will still exist, but the users are few. and this is a result of expensive and slow systems.

People who are expert in dealing with cryptocurrency knows that the number factor for Bitcoin development and progress is its stock movement where people choose Bitcoin to used on their transaction. When Bitcoin system do not get the proper movement or its movement is against the demand it might lead to total destruction of future. So it might need our help to support Bitcoin in times.

[PeRo]

I do not think it will die because of it, many people who aren't botherded by the high fees still use Bitcoin because it is a small percentage for them. It wont die, but it really bothers users that have smaller amounts that are practically trapped unless sent with a very low fee. We had similar problems before and got over it, we just have to be patient right now.

[meer45]

It won't necessarily die, it's just a barrier of entry for new people who don't want to spend that much on fees, and also for current users, it turns bitcoin from a payment method to an investment method. Of course, this issue has to be addressed, but it definitely will not kill bitcoin.

[talkbitcoin]

the thing about bitcoin and by extension cryptocurrency in general is that they are new technologies which are currently evolving. the first thing in any new technology is never the best but that first thing evolves into better versions of its initial form.

for example the first cell phone was HUGE with a big ass antenna on top of it for reception and probably gave you brain cancer! but now the same cell phone is evolved into a tiny thing with so much power in its CPU than a simple PC.

in time bitcoin will also evolve as it has been evolving so far in the past few years. and eventually there will be a solution with the issues they are facing. and then new issues will surface and we will solve them too and move ahead.

[sirkings0003]

Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end 

I am in total agreement with you. It has already started affecting it's value in the exchange floor. Old holders can not use it for transactions, to the extent that about 20% of the total transfer amount is charged. This has also discouraged the prospective users. So if this is not resolved soon, then it would definitely come to a halt.

[joebrook]

Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end 

I am sure they know the problems that the investors are facing, They are sure to do something to fix the problem, I know that BCH is currently not having the said problem because they have the lowest fees in the whole crypto world.

[krogothmanhattan]

I disagree. Bitcoin can be used to store large sums of wealth such as gold is used to store wealth. In other words if not used to purchase small priced items it will be perfect.

So when the time bitcoin is used to transfer this wealth, the fee charged will be insignificant compared what you would have to pay a bank to transfer a similar sized amount of money.

The wait time will not be a factor as the confirm time can be done in less than 30 minutes.

[faceoff97]

Bitcoin and other crypto coins will die a slow death if they do not sort out the high transaction fees and the stuffed up slow arsed networks. People will just get fed up with it in the end 

I believe that this should be one of the major concern about things to develop for bitcoin. The same way bitcoin increase in price the problem with transaction fee also arise. Some people now choose etherium over bitcoin for trading. Bitcoin is still a good one for investment but thee preferable coins which lower transaction fee.

Though, its really normal for bitcoin to have disadvantage sure it will be fixed to make people be satisfied. Bitcoin have come a long way, there no ways bitcoin will just be ended because of high transaction fee. Speeding up and low fee of transaction is not really an impossible one to happen. Let's just hope that bitcoin will go better