Bitcoin Forum
May 14, 2024, 12:33:32 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: future bitcoin transaction fees  (Read 1646 times)
yoseph
Sr. Member
****
Offline Offline

Activity: 868
Merit: 266



View Profile
October 06, 2018, 04:16:18 PM
 #81

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.
Transaction fees has nothing to do with and doesn't correspond in no way to the value of bitcoin at all. Fees increases when there is a lot of transactions and it chokes the network.
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Rath_
aka BitCryptex
Legendary
*
Offline Offline

Activity: 1876
Merit: 3131



View Profile
October 06, 2018, 04:41:35 PM
 #82

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

Actually, Lightning and other layers might be a good way to scale. Each of these solutions still forces their users to broadcast on-chain transactions at the beginning but this can be also partially fixed (channel factories). Lightning Network transaction fees are usually near zero. This will never be achieved on-chain due to limited block weight (long and controversial topic). It all depends on how you perceive Bitcoin. Either as a store of value or as a currency.
sakahayang
Full Member
***
Offline Offline

Activity: 414
Merit: 100


View Profile
October 06, 2018, 04:52:53 PM
 #83

With the new technology that has been renewed there is a possibility to overcome the transaction costs that are very expensive and when it happened in 2017. I think, if Bitcoin wants to continue to be used by others, then Bitcoin must be able to overcome the problem Costly fees and transfer speeds very long data, in order to compete with other stocks.
Zeque02
Member
**
Offline Offline

Activity: 490
Merit: 10

Platform for Cross Chain Fundraising


View Profile
October 06, 2018, 04:55:10 PM
 #84

I think future transaction fees will be stable and will goes high most especially that many will accept bitcoin as mode of parments or use it as mode of transactions.

▀     ▀       Platform for Cross Chain Fundraising      [   P r ⦿ s t a r t e r .   ]           Invest today. Live tomorrow.       ▀     ▀
▀     ▀     |  Whitepaper  |  Facebook  |  Twitter  |  Telegram Group  |  Telegram Ann  |  Medium  |  Youtube  |     ▀     ▀
▬▬▬▬▬▬▬▬▬▬▬▬▬  ▬▬  Powered by BOUNTY DETECTIVE  ▬▬  ▬▬▬▬▬▬▬▬▬▬▬▬▬
Koenraad Lange
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
November 08, 2018, 01:48:05 AM
 #85

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.
Because bitcoin is still new and users are not as much as fiat money, of course the cost of bitcoin transactions must be cheap as an attraction. Without the advantages possessed, it will be difficult to compete with banks, because even though it is more expensive, banking is more commonly used. In the future, bitcoin must issue more competitive products so that more users and governments can accept Bitcoin.
GreatArkansas
Legendary
*
Offline Offline

Activity: 2310
Merit: 1345


Buy/Sell crypto at BestChange


View Profile WWW
November 08, 2018, 02:11:00 AM
 #86

For me, it will help the Bitcoin to lower the transaction fees and it will be fast to transfer bitcoin from one another wallet. It will help everyone, specially those people who are struggling on transaction fees. It will help people to reduce their cost on transaction fees.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
Jihuny23
Jr. Member
*
Offline Offline

Activity: 224
Merit: 1


View Profile
November 08, 2018, 02:41:36 AM
 #87

bitcoin more efficient in the future. when the development of bitcoin in some developed countries is fairly rapid, for example in japan that has made bitcoin legal in this country. regarding price movements, the rise and fall of bitcoin prices is purely due to the level of demand and supply. no one can predict the price of bitcoin, but with more countries and merchants receiving payments in the form of bitcoin, the existence of bitcoin in the future is predicted to continue to grow.
kaisa
Full Member
***
Offline Offline

Activity: 560
Merit: 145


View Profile
November 08, 2018, 03:10:31 AM
 #88

Transaction fees are higher due to the choice of traders, all require transaction speeds so that $ 10 - $ 50 is not a problem for traders because the number is relatively small compared to the profits they get. The arrival of the concept of bitcoin allows no transaction fees, but that is impossible because miners always choose transaction processing based on costs not based on queues. Transaction fees are cheaper when you want to trade on a bitcoin core network, but when transactions are exchanged it is really different. You understand what I mean, it's business.
Commitments
Member
**
Offline Offline

Activity: 532
Merit: 10


View Profile
November 08, 2018, 03:14:37 AM
 #89

The future of bitcoin transaction fee is based on how much of bitcoin price time by time, we can check more lower fee at the first time bitcoin know to public, it happen because bitcoin price still lower but now we can faced with higher fee because bitcoin have higher price.
Rashid555
Full Member
***
Offline Offline

Activity: 350
Merit: 100



View Profile
November 08, 2018, 04:15:51 AM
 #90

In future i think that fee will be less than now because many exchanges will be in presence and now the transaction fee is high because of few exchanges and sites that provide us the best features to us so i think that in future everything relateds to crypto will be large in number.

Smon
Member
**
Offline Offline

Activity: 271
Merit: 10


View Profile
November 08, 2018, 06:39:06 AM
 #91

The cost of bitcoin in the future will be very beneficial for us on the transaction and may be faster than the current may be bitcoin transaction will be improved than now and the price is reduced, more than the present. But still keep the security as the current blockchain software. Cool

▀▀█▄▄    [websitewhitepaper]  ❒  ATHERO  ❒  Internet 3.0 solution    ▄▄█▀▀
▪  A revolutionary decentralized digital economy  ▪
▄▄█▀▀      Twitter  ◽  Facebook  ◽  Telegram  ◽  Youtube  ◽  GitHub      ▀▀█▄▄
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!