Will bitcoin transaction fees be too high in the future?

[loopes]

True, but not only LN, maybe there are other platform that will help to minimize the fees and bitcoin will be massively adopted still. The transaction fee is really the reason why people is not using bitcoin in the long run, of course who would use bitcoin if you'll have to pay $5 or more per transaction if you are only transacting a minimal amount. In short, bitcoin is no good for micro transactions.

Then bitcoin will not to reach its main function to create which is used to do transaction. I guest this high fee transaction will be on bitcoin for long time enough since LN or other platform which are discused not easy to be massively adopted in near future.

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[gabbie2010]

You got some point which is actually true. Actual sats value will really vary specially if the price of bitcoin would really go to the rooftop.

Even having that 1sat/byte will really be costly in near future but who knows? No one can predict on what would be the price ahead neither we do see hundreds of thousands
or would just remain into this level.

This had been a common issue with Bitcoin but somehow it is bearable or can be handled out.

Lightning Network is in its growth and fee on Lightning Network will be cheaper. In future, more developments will be considered and developed and they are things will happen. In 2017, fee was very high and the bitcoin network was stucked for weeks. Now, bitcoin climbs to $24,000 and the fee is low. You can open a debate that if bitcoin climbs to $50,000 and thousands of people are hurry up to sell their bitcoins, fee will be higher again. It is true but I have never thought the network and fee will be crazy like what happened in 2017.

I believe LN will be more popular in the coming years as crypto users will find a way how to avoid paying high fees. For sure, there will be options that will be implemented because if high fees will not be resolved, this will be the bottleneck in mass adoption.

True, but not only LN, maybe there are other platform that will help to minimize the fees and bitcoin will be massively adopted still. The transaction fee is really the reason why people is not using bitcoin in the long run, of course who would use bitcoin if you'll have to pay $5 or more per transaction if you are only transacting a minimal amount. In short, bitcoin is no good for micro transactions.

Its been long I have been hearing of LN I believed it high time it Should be fully deployed into Bitcoin transactions, fees had risen up and the numbers of unprocessed transactions in the blockchain is equally high which is synonymous with when the price of bitcoin is high,
The high fee might discouraged institutional adoption if urgent steps is not taken to address this issue once and for all
Let LN be put into use at this point in time when more transactions is needed to be process swiftly thus reducing the numbers of transactions that had queued in the mempool this will decongest the network.

[Abiky]

I believe LN will be more popular in the coming years as crypto users will find a way how to avoid paying high fees. For sure, there will be options that will be implemented because if high fees will not be resolved, this will be the bottleneck in mass adoption.

The Lightning Network would be the way to go for Bitcoin to scale towards millions of users around the world. However, the new scaling solution does come with its limitations. The fact that it's complicated to use and experimental, would harm its adoption in the mainstream world. People might as well switch to another cryptocurrency if they find themselves uncomfortable paying high fees on the main Bitcoin blockchain. At least, the decentralized and open source nature of Bitcoin gives people a choice. I think that fees won't stay high forever as the Blockchain improves itself over time. Developers will continue to work on the Bitcoin project in order to make it scalable for the world without harming its decentralization. In my opinion, the Lightning Network is the safest way to scale Bitcoin without compromising the main Blockchain network. If the LN fails, the main chain will continue to operate as usual. Cryptocurrencies with on-chain scalability have a higher risk of becoming exposed to future network disruptions because of their extremely centralized model. A higher block size brings higher storage and bandwidth requirements towards node operators. Not everyone will be able to run a node on blockchain networks with on-chain scalability because of this.

Regardless of how high Bitcoin's fees will be in the future, the Blockchain will survive for a very long time. The pioneer cryptocurrency has become a "force to reckon with" as many developers, companies, businesses, and individuals support it. With a limited supply of 21m coins, Bitcoin will effectively become a store of value like Gold. Paying a high fee to transfer millions of dollars through the Blockchain may not seem to be much compared to traditional payment processors. If you want to use Bitcoin as digital cash for daily payments, then you have no choice but to use the Lightning Network. Just my opinion

[OasisDre]

The higher bitcoin goes the higher the gas fee will grow, yesterday I used 3$ to send 25$ worth of BTC to binance exchange, imagine if Bitcoin grows over 30,000$ in coming year? I just hope there can be some kind of upgrade to BTC blockchain, if not bitcoin won't favour small time investors who don't have much, they'd rather go altcoins instead

[Natsuu]

The higher bitcoin goes the higher the gas fee will grow, yesterday I used 3$ to send 25$ worth of BTC to binance exchange, imagine if Bitcoin grows over 30,000$ in coming year? I just hope there can be some kind of upgrade to BTC blockchain, if not bitcoin won't favour small time investors who don't have much, they'd rather go altcoins instead

I guess if the bitcoin investors increase, they would consider lowering the fee for every transaction. Given that it is evidently seen that fees is directly proportional to the price, let's just hope that it is inversely proportional to the demand. If not, then try considering the use of Lightning Network to minimize the fees, just like what they discussed ^^^.

[Wawa2013]

The increase in Bitcoin transaction fees did occur when the price of Bitcoin was getting more expensive, because the Bitcoin network
was very busy being used. This forces Bitcoin transaction fees to be high, while this is possible by using the Lightning Network as
a solution to reduce transaction fees from Bitcoin. Or to send funds, we can first convert our Bitcoin into altcoins which have transaction
fees that are definitely cheaper.

[fishbonez11]

The transaction fee might increase but there will still be an option where transaction fee can optimize. Its just that it will take a very long time before you receive the payment if you'll spend lower transaction fee. Just like what happened to me last week, it took me four days to be able for me to get the fund. The lower the transaction fee, the slower the confirmation will be. The higher transaction fee, the faster the fund could be transferred.

[n0ne]

The transaction fee used to increase depending upon the size and during the time of bullish market we'll get to see a rise in the transaction fee when calculated in terms of USD. The future is all about low fee transaction, because we need real-time usage and adoption. This is possible only through low transaction fee, so surely there arises solution for low transaction fee than a rise.

[c0rnel1us]

Let's be realistic, we've always know transaction fees on crypto so we believe that this is normal.
In reality, it is the biggest downside of Bitcoin. We live in a zero-fee world, or at least an almost-zero-fee world.
Some believe in mass adoption, but again, in 2-3 or 5 years, people won't understand why they'll have to pay 5$, 1$ or even 0.1$ to transfer intangible money.

[panganib999]

The transaction fee used to increase depending upon the size and during the time of bullish market we'll get to see a rise in the transaction fee when calculated in terms of USD. The future is all about low fee transaction, because we need real-time usage and adoption. This is possible only through low transaction fee, so surely there arises solution for low transaction fee than a rise.

The skyrocket performance of the bitcoin's value todays can affect the fee calculation. Thi higher the value will also be the higher fees need to be pay. It is truly exciting and happy for bitcoin to reach the new milestone or achievement of all time highest of the value but it is also the start of the fees that are definitely aching in UD based. It is also possible in the future to experience the idea of zero fee or less hassle fee if ever it reaches it all time down or its value. The price of the coin, not inly bitcoin will always affects its fee transactions.

[Nazmul012]

I don't see any proper solution about this fee issue.we still have bull run in the market that tying to pump bitcoin frequently.that's why bitcoin could possibly pump in future and high price means high network fee, which still can be seen.although this is not new cause we need to give high transaction fee since Years, if compare with others currency. Converting bitcoin for minimize fee, may solution but won't be a proper way at all

[Hamphser]

I don't see any proper solution about this fee issue.we still have bull run in the market that tying to pump bitcoin frequently.that's why bitcoin could possibly pump in future and high price means high network fee, which still can be seen.although this is not new cause we need to give high transaction fee since Years, if compare with others currency. Converting bitcoin for minimize fee, may solution but won't be a proper way at all

It isnt right to say that due to high price we would see high fees too.It all matters with the network congestion or situation.If we do saw that network is congested
then expect for fees to go that high.

In future, we might see some changes and to think that we do have already that LN which might really be fixed out or finalized soon to solve this
scalability issues.

What matter most now is on the demand.

[Vaskiy]

When the entire volume of bitcoin is mined there won't be anything left behind for mining. By such situation, the earning of the miners will be through the transaction fee. This will be decided by the miners, if there isn't any combined decision then the transaction fees rising is unstoppable.

[PhoenixZephyrus]

I see a lot of talk about the "Lightning Network" and how it's gonna be great and help in reducing the transaction fees, and that's all well and good but it has its own problems, and it might feel like backtracking on what makes BTC so  great. The way funds are transferred and then broadcasted to the network makes it quite a bit more centralized. This affects anonymity. Scalability is also a major issue, as there is over reliance on nodes and payment channels. But I did see some research being done in the recent couple of years to mitigate these problems, but nothing that can be implemented instantly has turned out so far, so I'd say its pretty far away for now.

This paper is something that I found to be really interesting and delves into how some of these issues can be solved: A Quantitative Analysis of Security, Anonymity and Scalability for the Lightning Network

[Wipeout2097]

With the customary upgrade on the arrange, exchange expense ought to diminish. We involvement things within the inverse better, the improvement higher is the expenses. More the exchange getting troubled higher is the exchange fees. While the utilization keeps checking, naturally more number of exchanges takes put. In specific when same fee is being paid by part of exchange, there's more chance of transaction getting stuck on the network. Likely able to anticipate rise within the exchange expense in coming days.

[Swopon]

As the appetite for Bitcoin improvements, so does the fee. However, it will not increase so vastly that it will be beyond the sweep of human beings  

Have a look on Bitcoin right now then you will notice the price is high now rather than the last day. Basically the fee will be high then because of it's pump.

[angrynerd88]

It is ordinary basically wallets have charge with small distinction but overall its costly. Depending on on the off chance that the cost of bitcoin within the future is getting more expensive, it is conceivable that the charge will be as well costly since the more appropriation will increment the more network exchange happens additionally cost will high for the request of Bitcoin.However, it too depends on the advertise whether they will decrease the expense for each exchange or on the opposite increment the expense to be more costly.

[qwertyup23]

This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Right now the median fee is about $2. After lots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $5 for a transaction. Even paypal doesn't charge that much.

Yes and this is inevtiable.

Be reminded that the transaction fees are what miners get as a reward from every transaction they process. As the supply of bitcoin eventually gets mined up, the price will significantly increase along with the transaction fees but the price may also differ depending on the supply. Just think that when all of the bitcoins are mined, what will be the main source of income of miners? They will now depend on these transaction fees and that will be their main focus.

[ice098]

As the appetite for Bitcoin improvements, so does the fee. However, it will not increase so vastly that it will be beyond the sweep of human beings 

Bitcoins fees now are already increase, that is why I convert my coin first before I will send it to my wallet, it is expensive and it takes too long before I will receive the money, and yes it is normal it happens every year when Q4 starts and it started to pump fees get higher and the network become congested. In the future it will become more higher in fees and in order for us to get it fast we will need to use a larger amount, we should be aware and get used to it.

[jahepahit]

I believe transaction fee issues will be solved because its one of the long lasting problems in this space. Meanwhile we might not see the days of very low fees again but the charges won't be too much to afford like it happens sometimes.