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Author Topic: future bitcoin transaction fees  (Read 1646 times)
xabre
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September 24, 2018, 05:43:47 PM
 #61

I see there are not change of fee transaction by sending or withdraw bitcoin to other wallet, only have change value but the cost of bitcoin fee transaction is still the same like before. Maybe last two year we found fee transaction is low but today is high, it how bitcoin have value.
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September 25, 2018, 10:04:27 AM
 #62


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?

Although bitcoin fee is already lower than before now, the transaction time of bitcoin still remain the same.
If bitcoin can improve their block time, then it will be no time to become a global currency that everyone using without waiting for long.

jakezyrus
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September 25, 2018, 10:08:07 AM
 #63

Based on my observation , i see that bitcoin fees will only depend on its current value . so if bitcoins price will be expensive on the future , we can also expect a high cost transaction fees but of course that is only temporary because bitcoin will always be volatile which means it can fluctuate from time to time and as a result , the transaction fees will also be high and low .

The speed of the tramsaction will also depend on what is the value of bitcoin . less demand is equals to less price and will also  result for faster processing . while more demamd can lead to high price and congested network .
blackbold
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September 25, 2018, 11:31:41 AM
 #64


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 segwit can be option beside bitcoin to make a cheaper transaction cost and faster transaction, but i think transaction fee of bitcoin is much cheaper than fiat money transfers
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September 25, 2018, 12:14:32 PM
 #65

transactions usually have a trade discount turnover so this benefits each other and provides a good way. but if the pieces make too much trouble and a party it must be fixed and repaired the working system so that we are afraid to make transactions in that market.
dimiinx
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September 25, 2018, 12:25:16 PM
 #66

I think from the next rise that will happen to all the currencies we will see a rise in all the prices
yes, you really said that bitcoin transactions will become money in the future and there will be no more virtual money and we can enjoy the currency in the future
mithon2017
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September 25, 2018, 12:39:29 PM
 #67

Bitcoin is one of the best crypto currency. it's have more ability to change our economy environment. Bitcoin transaction cost now high. but I think, in future more people, more country will acceptable Bitcoin and everyone will using Bitcoin. then its  transaction fees will so low down. you can using it and create your future.
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September 25, 2018, 04:44:17 PM
 #68

I would like to reduce the transaction fee in the future, you understand it is expected of everyone
Bitcoin transactions fee is the charge taken by different miner to complete an transaction. In current time its transactions fee is higher than before and this is because of its increase users number and less block size. Block size of bitcoin mainly influence the transaction fee. Small block creat transaction traffic and this thing ultimately increases the transaction fee. Block size varies according to the miner set up. I think in future bitcoin will be increase its block size due t heavy transaction load in its network and this thing help  to reduce bitcoin transactions fee.

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bjmpoker001
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September 26, 2018, 02:23:49 AM
 #69


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?

Yes it is lower if you compare with December 2017 fee because bitcoin price was at the highest point, causing the fee high too.
Bitcoin is the most popular cryptocurrency in the world, if the transaction cost reduced, and the speed increased, then it will be a global currency surely.

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fokinflor
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September 26, 2018, 02:30:51 AM
 #70


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?

It depends on how much Bitcoin will cost in the future. If we are talking about $100k, then obviously we are looking at $500-$1000 as a fee per transaction and again on the other hand we have many emerging crypto that does not consume a lot in transaction fees, a good example would be $NANO (no transaction fee at all).
Richarrego
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September 29, 2018, 12:28:36 PM
 #71

It will not make the transaction bitcoin slower, or at a large charge, will not make the transaction bitcoin faster. In the future, bitcoin transaction costs will continue to be adjusted along with the growth and development of cryptographic transactions. Very high transaction costs need to be reduced. But it seems the transaction fee is only for the rich.
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September 30, 2018, 08:52:56 PM
 #72

Bitcoin transactions fee is the charge taken by the miners in order to complete an transaction through bitcoin network. Transaction fee is same for a particular amount of money  transfer in between in a country or out side an country. Future transactions fee will be decrease, due to increase bitcoin user it developer try to increase the block size of it. Better block size better transaction speed and less transaction cost. And many companies start using it so in future its uses also increases and its block size will be increase.
xlmlover
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September 30, 2018, 08:58:42 PM
 #73

High transaction costs in Bitcoin are actually more determined by Bitcoin users who are competing to get transaction confirmation as quickly as possible. Thus, the highest paying user will benefit from the fastest transaction confirmation, while defeating users who pay lower transaction fees, where the worst case of the user's transaction has never been confirmed!
If only every Bitcoin user agrees to pay a reasonable transaction fee (10,000 satoshi per transaction or 10 satoshi per transaction byte), then the opportunity for each user to be confirmed for the transaction will be evenly distributed. In this case, maybe other factors such as the size of the transaction, the number of transactions, or the age of the coin will have more influence.
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September 30, 2018, 09:09:44 PM
 #74

It looks like that only not very big part of the hole industry use segwit adresses, unfortunately. But even if all users do so, segwit does not completely solve this problem. It is just moving it a bit. So it Will not be enough to make Bitcoin great for every Day Micro payments, but some solutions above could do it. For example LN, but for now it is very little implemented over the industry and it is quiet Hard to use it for ordinary people. So we need more development and adoption to over Come this problem, or we could use other coins to make Micro transactions)

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September 30, 2018, 09:16:10 PM
 #75

Some brokers charge a high or low rate, will depend a lot on the way they work, Coinbr does not charge BTC transactions, or the other alternative is to exchange for some altcoin such as DOGE to make some movement of their currencies
kimhospital
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October 04, 2018, 11:00:40 AM
 #76

When bitcoin prices increase, transaction fees will increase. If we do not pay the fee even though we can not pursue the transfer. In the future, the cost of bitcoin transactions will continue to be adjusted along with the growth and development of encryption transactions.
HanaBin
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October 06, 2018, 12:36:16 PM
 #77

Bitcoin must reach a more reasonable level. In the future, the cost of bitcoin transactions will continue to be adjusted along with the growth and development of encryption transactions. More exchanges based on SegWit are expected to have a significant impact on the bitcoin transaction fee. A user on Reddit reported that he had transferred $ 16,000 to 2 BTCs with a transaction fee of only $ 0.20. On March 1, 2018, Binance reduced 50% to 0,0005 BTCs per draw and shocked ShapeShift with a fee of 0,0001 BTC per withdrawal. Perhaps the last two years we saw low transaction fees but today is high, it's how bitcoin is worth. So, if bitcoin prices are expensive in the future, we can expect high transaction costs, but of course it is only temporary because the bitcoin will always fluctuate, meaning that it can fluctuate over time. As a result, transaction fees will be high and low.
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October 06, 2018, 12:53:51 PM
 #78

lightning is just a way for some closed structures, but not for the whole community and not at once. therefore, the increase in transactions, we may still see
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October 06, 2018, 03:23:04 PM
 #79


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 transactions fee of bitcoin will be not different too much, except you convert it to fiat.
If we convert the bitcoin fee to fiat currency like USD, then of course the fee will be depends on the price of bitcoin in the market.

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October 06, 2018, 03:37:35 PM
 #80


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?

in my opinion, the crypto transaction fee in the future will be quite stable, considering that the usage is only within that scope, unless later the application of bitcoin will expand, it will be possible if the transaction fee also goes up

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