Will bitcoin transaction fees be too high in the future?

[Sithara007]

If the block size remains the same and if the exchange rates continue to rise, then obviously the transaction fee would be higher. Another factor is the number of users. The userbase is also increasing with every passing month, and that means more number of transactions. So unless there is some radical solution such as increasing the block size, the transaction fee can jump to unsustainable levels in the future. Cosmetic changes such as lightning has failed to resolve this issue till now.

[1714766563]

1714766563

[Justin999]

I also that the same.once i used to transaction bitcoin address to address for free through coinbase, price was around $300 then.Afterward it start charge fee after some increasement.i still remember it start charging $5/$6 fee during 2017, ath. Now bitcoin price is high, transactions rate are increasing.so fee also increasing. btc pump more for future, then ransaction fee of bitcoin will increase more than today.

[dunfida]

If the block size remains the same and if the exchange rates continue to rise, then obviously the transaction fee would be higher. Another factor is the number of users. The userbase is also increasing with every passing month, and that means more number of transactions. So unless there is some radical solution such as increasing the block size, the transaction fee can jump to unsustainable levels in the future. Cosmetic changes such as lightning has failed to resolve this issue till now.

We are really longing for that Lightning to be finalized and would really have that full diversion with that.Even though how bullish we are or having
positive inputs or impressions towards bitcoin but we cant really remove that problem in blocksize.Take a look for the current situation were in,

Low priority
129 sat/vB ($8.46)
   
Medium priority
136 sat/vB ($8.91)
   
High priority
143 sat/vB ($9.37)

This thing isnt something nor look appealing on any angle.

[Abiky]

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.

Good point. It makes sense for the network to rise in fees, in order to sustain miners' operations. After all, miners will earn solely from fees on the Bitcoin blockchain once the max supply is reached. By the time fees are ridiculously expensive, it's expected that the Lightning Network would dominate most of Bitcoin's transaction activity. Those willing to use Bitcoin as digital cash for daily payments will be force to use the Lightning Network, while those willing to use it as a store of value will have no choice but to perform transactions on-chain for maximum security. It's the way Bitcoin is heading to, and there's nothing we can do to stop it (unless developers raise the block size to solve the high fee issue).

Nonetheless, there's no need to worry about ever-rising fees on the Bitcoin blockchain. As I've said before, people have the option of using the Lightning Network for cheap, instant payments. If that's not enough, there's a plethora of altcoins to choose from with ample network capacity for everyone. Coins like Bitcoin Cash, Litecoin, and Dogecoin have ridiculously low fees making them practical for day-to-day transactions. What matters is that Bitcoin remains decentralized and censorship-resistant in order to stand the test of time. High fees tells us that Bitcoin is doing well in this regard. As long as it stays decentralized, nothing else matters. Just my thoughts