BTC transaction fees is going down.

[SistaFista]

From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .

Usually, bitcoin price will depends on the network of bitcoin itself. If there are many transactions being processed, then the fee will be more than normal.
Furthermore, if you measuring bitcoin fee in fiat currency, it will be depends on bitcoin price in the market currently.

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[Layers318]

Definitely, Bitcoin transaction fees will go down especially when the market goes down with few transactions on the Block to be mined. Bitcoin is still young and there are definitely going to be developments in its Blockchain which will improve its transactions fees by a significant reduction.

[blocklancer8]

this is great news for traders, but also can be ascertained either high or low fees. Bitcoin will still be sought and bought by real traders. Because bitcoin has contributed very much to all groups, all is opened by bitcoin.

[Barcode_]

It is very important for bitcoin transaction fees to remain relatively low as it would surely encourage more people to use bitcoin as a payment option for making payments to merchants in exchanges of goods and services, If I found that I would need to incur a lot of transaction fees by using bitcoin to buy something online, I would usually use another alternative payment methods which are accepted by the online retailers.

[FedorIzmailov]

if we can see acceptable and adequate prices for transactions, then in the future this may contribute to the fact that Bitcoin will be massively accepted as a calculated currency and this news will be a massive influx of money into Bitcoin

[saumang2m]

This is very good news. That bitcoin transaction fee has reduced. But I think. That would be the biggest advantage of Bitcoin traders. Because Bitcoin traders only do the most transactions.

[eashikde]

Yes, indeed, prices for Bitcoin transactions are declining. Most likely this is more focused on the fact that the price of Bitcoin to rise and the transaction will be more. This will attract customers, you can say they will win due to the greater number of transactions, and the development of technology will help them in this.

[Rafiqul]

This is the great news for cryptocurrency holders. Mostly bitcoin holders. When bitcoin transaction fee will reduse then investors will invest more. As result the price of bitcoin will rise.

[Meandros555]

thas good news..hopefully in the future we'll do away with exchanges ripping us off too (somehow)

[hirokazu]

It is very important for bitcoin transaction fees to remain relatively low as it would surely encourage more people to use bitcoin as a payment option for making payments to merchants in exchanges of goods and services, If I found that I would need to incur a lot of transaction fees by using bitcoin to buy something online, I would usually use another alternative payment methods which are accepted by the online retailers.

Totally agree with that, unfortunately it keeps changing as well as the price. It can't be helped, that's how the system works. The funny thing is, alternative payments look like the main payment tool, because people use it more than using bitcoin. Most people do not pay attention the changes in transaction costs, they use alternatives directly.

[bitvelk]

I sometimes do trading and I think that is really good news. Also, I think it will attract even more investors to bitcoin, as the high cost of the transaction is what pushed many away from bitcoin.

[raking]

Fewer transactions result in lower transaction fees, which ensures that users merge their bitcoin (BTC) into their SegWit account. Transactions from a SegWit benefit from lower transaction costs.

[bogdann]

If that is true then that is a great news because the transaction fees of bitcoin used to be more expensive than i thought back then and back then, i was just using the altcoins to do transaction since it is faster and also it has a cheaper rate for the transaction fee which is the most important thing to me. I hope that bitcoin will keep improving itself.

[eashikde]

The cost of a BTC transaction is reduced because the network is evolving, increasing the speed of all processes. Despite this, the Bitcoin improvement plan aims to improve network bandwidth by scaling up in other transaction speeds. Reducing the cost of transactions will positively affect the development of Bitcoin.

[zubrr51]

The creators of Bitcoin are faced with the important task of reducing transaction fees, otherwise there will be another currency with more favorable conditions.

[kwakgyimah]

This is a good news. The high mining fees has been one of the negative part of Bitcoin and also the time it takes to complete a bitcoin transactions. If the fees has come down then one of the problems of bitcoin is solved hoping that it will be sustained.

Exactly, many are concerned with the high cost of bitcoin transactions, I believe it prevents individuals from conducting daily transactions at will, people wish to conduct business  transactions with bitcoin on a daily basis, but the high cost of transaction mostly prevents them from undergoing such. Aside the high cost of transaction, we need bitcoin to be relatively stable.

[monster2]

I think that if the price of bitcoin is expensive the fee of making transaction is very high and If the price of bitcoin is cheap the fee of making transaction is so small.

[Olayinka225]

Yes...indeed its a great news to bitcoin blockchain history.  Though we still want it to get reduced to the minimum or the least fee. This is also what can propagate bitcoin

[pavka]

As far as I know, the size of the commission for transactions with Bitcoin depends on the number of transactions in a given period of time and is not stable. So the reduction of the commission apparently occurred as a result of the decrease in bitcoin turnovers in the market, and this is not very good news.

[Conasse]

Yes...indeed its a great news to bitcoin blockchain history.  Though we still want it to get reduced to the minimum or the least fee. This is also what can propagate bitcoin

It will never be free of cost. Otherwise, miners wouldn't participate in the networks. Even with a lot of x digit numbers after 0, it can't be free