Bitcoin Forum
March 28, 2024, 04:13:48 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 5 »  All
  Print  
Author Topic: future bitcoin transaction fees  (Read 1627 times)
GalenResty
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
July 03, 2018, 02:09:09 AM
 #21

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.
1711642428
Hero Member
*
Offline Offline

Posts: 1711642428

View Profile Personal Message (Offline)

Ignore
1711642428
Reply with quote  #2

1711642428
Report to moderator
1711642428
Hero Member
*
Offline Offline

Posts: 1711642428

View Profile Personal Message (Offline)

Ignore
1711642428
Reply with quote  #2

1711642428
Report to moderator
1711642428
Hero Member
*
Offline Offline

Posts: 1711642428

View Profile Personal Message (Offline)

Ignore
1711642428
Reply with quote  #2

1711642428
Report to moderator
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Dbigfoot102
Newbie
*
Offline Offline

Activity: 66
Merit: 0


View Profile
July 03, 2018, 02:21:51 AM
 #22

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: 479
Merit: 105



View Profile
July 03, 2018, 02:36:50 AM
 #23

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.

Dear GOD/GODS and/or MEMBERS OF SUPER-INTELLIGENT ALIEN CIVILIZATIONS: Please let CHAUL JHIN KIM win the NEW ZEALAND POWERBALL JACKPOT. He will use the money to set up his own RESEARCH LAB and find the CURES for CANCER and AGING! He will release the CURES into the PUBLIC DOMAIN! (a la Jonas Salk) EVERYONE regardless of wealth will no longer need to SUFFER! CHILDHOOD CANCER will also be HISTORY! Thank you! - A Faithful Believer. P.S. If anyone is reading this then please pray with me!
TepungBeras
Jr. Member
*
Offline Offline

Activity: 176
Merit: 1

Presale is live: BitPenta.com


View Profile
July 03, 2018, 02:41:29 AM
 #24

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: 252
Merit: 10


View Profile
July 03, 2018, 07:56:31 AM
 #25


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: 210
Merit: 0


View Profile
July 03, 2018, 12:23:52 PM
 #26

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: 667
Merit: 1


View Profile
July 03, 2018, 01:11:36 PM
 #27

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: 303
Merit: 12


View Profile
July 03, 2018, 01:22:19 PM
 #28

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: 266
Merit: 0


View Profile
July 03, 2018, 01:26:00 PM
 #29

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: 180
Merit: 10


View Profile
July 03, 2018, 03:09:18 PM
 #30

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: 130
Merit: 0


View Profile
July 03, 2018, 03:23:42 PM
 #31

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: 252
Merit: 0


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

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
 #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.

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: 321
Merit: 100



View Profile
July 04, 2018, 06:07:29 AM
 #34

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
MainIbem
Sr. Member
****
Offline Offline

Activity: 1302
Merit: 379


Undeads.com - P2E Runner Game


View Profile
July 04, 2018, 06:43:59 AM
 #35

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.

💀|.
   ▄▄▄▄█▄▄              ▄▄█▀▀  ▄▄▄▄▄█      ▄▄    ▄█▄
  ▀▀▀████████▄  ▄██    ███▀ ▄████▀▀▀     ▄███   ▄███
    ███▀▄▄███▀ ███▀   ███▀  ▀█████▄     ▄███   ████▄
  ▄███████▀   ███   ▄███       ▀▀████▄▄███████████▀
▀▀███▀▀███    ███ ▄████       ▄▄████▀▀████   ▄███
 ██▀    ▀██▄  ██████▀▀   ▄▄█████▀▀   ███▀   ▄██▀
          ▀▀█  ▀▀▀▀ ▄██████▀▀       ███▀    █▀
                                      ▀
.
.PLAY2EARN.RUNNER.GAME.
||VIRAL
REF.SYSTEM
GAME
|
████████████████████████████
████████████████████████████
████████████████████████████
██████ ▄▀██████████  ███████
███████▄▀▄▀██████  █████████
█████████▄▀▄▀██  ███████████
███████████▄▀▄ █████████████
███████████  ▄▀▄▀███████████
█████████  ████▄▀▄▀█████████
███████  ████████▄▀ ████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████▀▀▄██████▄▀▀████████
███████  ▀        ▀  ███████
██████                ██████
█████▌   ███    ███   ▐█████
█████▌   ▀▀▀    ▀▀▀   ▐█████
██████                ██████
███████▄  ▀██████▀  ▄███████
████████████████████████████
████████████████████████████
████████████████████████████
harrypot
Newbie
*
Offline Offline

Activity: 294
Merit: 0


View Profile
July 04, 2018, 11:13:28 AM
 #36

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: 630
Merit: 263


View Profile
July 04, 2018, 11:25:16 AM
 #37

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.
Project xupporter
Newbie
*
Offline Offline

Activity: 38
Merit: 0


View Profile
July 04, 2018, 11:33:04 AM
 #38

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: 198
Merit: 10


View Profile
July 05, 2018, 03:48:29 PM
 #39


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
stompix
Legendary
*
Offline Offline

Activity: 2842
Merit: 6156


Jambler.io


View Profile
July 05, 2018, 03:57:28 PM
 #40

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?

For developers?
Bitcoin is not your average shitcoin where the developers take half of the coins with a premine.
The only ones that receive the fees are the miners.

Learn more about BTC or go back to the shitcoin section.

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.  

There is no charge. Nobody charges you anything.
Transactions are processed (included in a block) based on the fees, you don't want to pay a large fee you simply don't and you have to wait.
There is no "charge".

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.

You're contradicting yourself..
If fees really depend on the BTC (which they don't) by the time bitcoin hits 1 billion they will also hit 1 million no matter how many fractions of a Satoshi you pay.
So, will they go up or will they not? Because what you say really doesn't make sense.

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

This is BTC , not the shitcoin section. Gwei is for shitcoins.


  BTC
.
BTC
.
 BTC
.
BTC
..JAMBLER.io..
██
██
██
██
██
██
██

██

██

██

██
YOUR OPPORTUNITY TO
HAVE BITCOIN BUSINESS

██
██
██
██
██
██
██

██

██

██

██
.
  BTC
. BTC
.
.
 
BTC
  BTC
Pages: « 1 [2] 3 4 5 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!