We all saw the crazy $50 tx fees in December 2017. It's only gonna get way worse this next bull run since it seems nothing will be done anytime soon to address block congestion.
Do you think the bull run, or at least bitcoin's role in it, will get cut short significantly by absurd transaction fees in the next couple of years?
I could definitely see transaction fees going into the hundreds of dollars when the price really starts getting crazy, which I think would pretty quickly stop bitcoins bull run in its tracks. This is the only thing I'm worried about for the bull run over the next couple of years. Everything else looks positive except that nothing was done to address tx capacity during the down market.
People will always find a way out to maneuver it even when the transaction fee increases, we cannot avoid it, the higher the price and congestion, the higher the transaction fee will become, but it is not every time within the hour that it gets clumsy.
I could remember during the last bull run when the transaction fee became very high, I and my friend usually wait for there to be decongestion before we try to make any transaction, moreover, the profit that will always climb our investment then will cause excitement that most people may not really feel it that much on their transactions.