Bitcoin Forum
September 26, 2018, 07:47:58 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 »  All
  Print  
Author Topic: future bitcoin transaction fees  (Read 554 times)
Outsider07
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile WWW
July 02, 2018, 07:16:01 PM
 #21

Nice and helpful informarion. I think new ways will be found to assure the transaction with low transaction cost. On that emergency time, Segwit or Lightning network can be used to avoid any complexity.
1537948078
Hero Member
*
Offline Offline

Posts: 1537948078

View Profile Personal Message (Offline)

Ignore
1537948078
Reply with quote  #2

1537948078
Report to moderator
1537948078
Hero Member
*
Offline Offline

Posts: 1537948078

View Profile Personal Message (Offline)

Ignore
1537948078
Reply with quote  #2

1537948078
Report to moderator
1537948078
Hero Member
*
Offline Offline

Posts: 1537948078

View Profile Personal Message (Offline)

Ignore
1537948078
Reply with quote  #2

1537948078
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537948078
Hero Member
*
Offline Offline

Posts: 1537948078

View Profile Personal Message (Offline)

Ignore
1537948078
Reply with quote  #2

1537948078
Report to moderator
1537948078
Hero Member
*
Offline Offline

Posts: 1537948078

View Profile Personal Message (Offline)

Ignore
1537948078
Reply with quote  #2

1537948078
Report to moderator
1537948078
Hero Member
*
Offline Offline

Posts: 1537948078

View Profile Personal Message (Offline)

Ignore
1537948078
Reply with quote  #2

1537948078
Report to moderator
GalenResty
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
July 03, 2018, 02:09:09 AM
 #22

Given that the market is in a dip, this has resulted in a low level of investment. Because of that, the transaction fees have also drastically and are coming off as cheap. But, according to the analytics, at the end of the year, the prices are supposed to go up, and the market's condition will be improved.
Dbigfoot102
Newbie
*
Offline Offline

Activity: 67
Merit: 0


View Profile
July 03, 2018, 02:21:51 AM
 #23

I think that transaction fees are oftentimes connected in ratio with the amount of transactions or usability of bitcoin. And even with money transfer facilities they based payments with the amount of money. So I think it would happen that if there would be problems most especially with more transactions taking place the greater the payment will be. So in the future should bitcoin go back to its all time high maybe bitcoin will have higher fees again.
Pasaway2701
Full Member
***
Offline Offline

Activity: 346
Merit: 104


Lead generation one-stop shop platform powered AI


View Profile
July 03, 2018, 02:36:50 AM
 #24

Bitcoin is gradually improving. The transaction procedure has made faster than before and they also have reduced the transaction fees. I expect that the fees wion't be increased when the price rises for bitcoin.
Sometimes transaction fees become high to have fast transaction process due to the traffic. But no fees little bit become cheaper because less people transact due to the low price of coins. There is a possibility to go back to high fee when the price do good in the market which make you to get high amount of earning to used the fee worth.

╔◎      TwitterBounty ┃   [WHITEPAPER]MediumFacebook      ◎╗
╠══════════◎════◎════◎    LeadRex    ◎════◎════◎═══════════╣
╚◎       RedditTelegram[ANN Thread]YoutubeLinkedin       ◎╝
TepungBeras
Jr. Member
*
Offline Offline

Activity: 182
Merit: 1

Presale is live: BitPenta.com


View Profile
July 03, 2018, 02:41:29 AM
 #25

When I look and I look at the issue of transfer fees it could be due to the issue of bitcoin value or price that takes place when making a transaction.

◖◖RealtyReturns◗◗
╣╣Cross-Border Blockchain-based Real Estate Marketplace╠╠
bitlind
Member
**
Offline Offline

Activity: 238
Merit: 10

https://eloncity.io/


View Profile
July 03, 2018, 07:56:31 AM
 #26


Currently the cost of bitcoin transactions is very cheap due to the relatively small amount of transactions, moving 48,000 bits per 4 cents, very cheap compared to December 2017 at some time up to $ 50 due to too many transactions at that time. . However, when the market recovers, there will be many transactions to be made and then whether technologies such as Segwit or Lightning network will help bitcoin trading faster and transaction costs do not become expensive. or not?
The fee never would be free. It will be not advantageous and convenient for developers of Bitcoin. The system also needs to get it money to develop the system, technique and other things. And where you saw the free cheesse?

juliehunt07
Newbie
*
Offline Offline

Activity: 126
Merit: 0


View Profile
July 03, 2018, 12:23:52 PM
 #27

Efforts are continuously being made to make this transaction process faster. We hope soon the market will rise back to its previous position. Let's see what happens.
tunapa
Jr. Member
*
Offline Offline

Activity: 238
Merit: 1


View Profile WWW
July 03, 2018, 01:11:36 PM
 #28

Certainly time will come when a permanent solution will be incorporated to solve the Bitcoin transaction fees and time issues. I think the lightening has good plans to do this and we hope for it to be incorporated to better bitcoin user experience. However, other solutions can also come up lateron to perfect this.
Bitdressa
Member
**
Offline Offline

Activity: 252
Merit: 12


View Profile
July 03, 2018, 01:22:19 PM
 #29

perhaps the future cost of upcoming bitcoin transactions could be bigger and also keep up with the rising dollar prices that are getting more and more up the price per dollar.

alinalovedoogie
Newbie
*
Offline Offline

Activity: 196
Merit: 0


View Profile
July 03, 2018, 01:26:00 PM
 #30

The transaction fees are low because the market is in a dip. This is the result of the people selling out their coins which are at a low price now, causing the demand of the coins to fall and so does the fall in the transaction fees have occurred. This will all be rectified once the market recovers.
Wickedwitch28
Member
**
Offline Offline

Activity: 181
Merit: 10


View Profile
July 03, 2018, 03:09:18 PM
 #31

People nowadays are selling out their coins because they are panicking on bitcoin's price now in the cryptocurrency market. Because of that transaction fees are in low cost coz the market is falling down. Despite all of these, there are lots of people still using bitcoin.

                     KitToken.net                     
     ▔  Utility * Organic Growth * Sharing  ▔     
jayanath123
Newbie
*
Offline Offline

Activity: 136
Merit: 0


View Profile
July 03, 2018, 03:23:42 PM
 #32

Bitcoin chargers depend on future activities, how to people awareness on utilization BTC with regarding payment transactions small small amount fees add, this is my view. 
greenvally
Newbie
*
Offline Offline

Activity: 224
Merit: 0


View Profile
July 03, 2018, 07:32:18 PM
 #33

I believe in future bitcoins transaction fee will decrease. Because more peoples are connect with this market and bitcoin can reduce their cost. If this happen then bitcoin popularity increase more.
Doterti
Newbie
*
Offline Offline

Activity: 65
Merit: 0


View Profile
July 03, 2018, 10:40:29 PM
 #34

I believe in future bitcoins transaction fee will decrease. Because more peoples are connect with this market and bitcoin can reduce their cost. If this happen then bitcoin popularity increase more.

I believe that the future bitcoin will be accessible in a certain place,market, transaction and value that can help the society and with that if the bitcoin  will be more active and being expose to the market and with that maybe bitcoin can be the source of income and productivity of a country or people.
m.mendoza
Full Member
***
Offline Offline

Activity: 325
Merit: 100



View Profile
July 04, 2018, 06:07:29 AM
 #35

No less transaction fees, but we also found that the time to confirm the transaction is much faster than 2017. In 2017 it took me nearly 1 hour to send 1 btc but now it is different. This is due to changing the way the new btc block chain works in September and 11/2017.

that is wrong. nothing about how bitcoin blockchain and confirmation time works have changed. it is the same exact thing as 2009 when the first block was found. we are having 2016 blocks per 2 weeks which is approximately 1 block per 10 minutes.

you pay a fee from 0 to any amount that is standard and the miners seeing your transaction can choose to pick it up and include it in the next block they find or  choose to ignore it.
during a couple of months of 2017 there were more transactions than there was block size so a fee war/competition started where you had to pay a higher fee so that the miners don't ignore your transaction.



There is a possibility to go back to high fee when the price do good in the market which make you to get high amount of earning to used the fee worth. I think that when the market will again recover this rate won’t get high anymore it will be in a constant position

▀▀▀▀▀▀▀▀▀▀▀▀     │      JINBI      │       T H E   G O L D E N   I C O     ▀▀▀▀▀▀▀▀▀▀▀▀
████████████                     JOIN ICO  -  21st  J U N E                     ████████████
▄▄▄▄▄▄▄▄▄▄▄▄          Whitepaper       Telegram       Twitter       Reddit           ▄▄▄▄▄▄▄▄▄▄▄▄
MainIbem
Sr. Member
****
Offline Offline

Activity: 504
Merit: 258



View Profile WWW
July 04, 2018, 06:43:59 AM
 #36

The developer need commendation. They are not distracted by the threats of ban, regulations etc. But they are focused on improving the service delivery of quality of networks speed and capacity. These improvement has made this reduction of fees possible and more and more improvement are coming.

harrypot
Newbie
*
Offline Offline

Activity: 252
Merit: 0


View Profile
July 04, 2018, 11:13:28 AM
 #37

The future bitcoin transaction fees can be expensive if the market starts recovery. Because any big price change either positive or negative makes the transaction more. This may result in high transaction fees.
Lancusters
Sr. Member
****
Offline Offline

Activity: 602
Merit: 263



View Profile
July 04, 2018, 11:25:16 AM
 #38

After the fall in activity in the market, the price of transactions decreased. Everyone is concerned about the prices. It seems to me that the problem of transactions is simply forgotten and after the price of bitcoin begins to recover, this problem will return. But nothing depends on us and we can only watch it.

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
|FREETRADING &
ICO LISTING
|SUPERIORTO NASDAQ
AND LSE
|US$ 29MRAISED IN
2 WEEKS
|
[]
Project xupporter
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile
July 04, 2018, 11:33:04 AM
 #39

BTC transaction fees in the future really depends on the price of BTC such as denoted in the post at the OP... Imagine BTC at $1b in which 1sats will be equivalent to $1, if the same transaction fees that webare using now is implemented on the then network, it means a transaction fee will be approximately $50k, which is impossible. As the price of BTC increases the transaction fee in SATs reduces so as to tally with the fees on the BTC network.
cryptokia
Member
**
Offline Offline

Activity: 206
Merit: 10


View Profile
July 05, 2018, 03:48:29 PM
 #40


Currently the cost of bitcoin transactions is very cheap due to the relatively small amount of transactions, moving 48,000 bits per 4 cents, very cheap compared to December 2017 at some time up to $ 50 due to too many transactions at that time. . However, when the market recovers, there will be many transactions to be made and then whether technologies such as Segwit or Lightning network will help bitcoin trading faster and transaction costs do not become expensive. or not?
I think the probably the future blockchain development process would help us to decrease the amount of fees that is needed in order to send all transactions, because for now in early July 2018 the Feast begin to be insane, ~80 GWEI

ORVIUM        Open and Transparent Science Powered By Blockchain        ORVIUM
█    Whitepaper        Telegram        Twitter        Facebook        Reddit        Blog    █
▇▆▅▃▃▃▃▃▃   Token Generation Event: Coming Soon   ▃▃▃▃▃▃▅▆▇
Pages: « 1 [2] 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!