Here is why btc will die as a crypto

[Ryker1]

don't be surprised, indeed Bitcoin has a high fee because their network is currently full,
but until now Bitcoin is still the most popular crypto currency, if you want FUD when the price is high it's good,
let the whale accumulate again in bottom haha  .

Well, don't be surprised too if one-day bitcoin will die because of the high transaction fee, -- I am pretty sure that it will never happen. The reason for this high transaction fee is because of the traffic due to the increase in demand and interest of people about it but I am positive that it can be resolve once bitcoin reaches full global adoption and became established as another form of payment method in the market. Besides we all know that we are now experiencing mass adoption and lots of transactions are being on the mempool but once the system will be able to cater high volume of transactions rest assure it will pull down the transaction fee as well but for the meantime try to find a different trading platform that can meet your preference.

[Jemzx00]

don't be surprised, indeed Bitcoin has a high fee because their network is currently full,
but until now Bitcoin is still the most popular crypto currency, if you want FUD when the price is high it's good,
let the whale accumulate again in bottom haha  .

Well, don't be surprised too if one-day bitcoin will die because of the high transaction fee, -- I am pretty sure that it will never happen. The reason for this high transaction fee is because of the traffic due to the increase in demand and interest of people about it but I am positive that it can be resolve once bitcoin reaches full global adoption and became established as another form of payment method in the market. Besides we all know that we are now experiencing mass adoption and lots of transactions are being on the mempool but once the system will be able to cater high volume of transactions rest assure it will pull down the transaction fee as well but for the meantime try to find a different trading platform that can meet your preference.

Agreed high transaction fee happens every now and then on bitcoin especially if there's a high demand due to a lot of transaction being done at the moment and traffic occurs. Right now, there's a high demand for bitcoin as it's price is high and a lot of people are buying bitcoin to sell when they reach a certain price or when a dump occur.
I don't think that high transaction fee will be the cause for bitcoin to die.

[wheelz1200]

If you think the reason why bitcoin exist is to make fast and cheap transactions, you don't understand what cryptocurrency is about.

Bitcoin is not about sending money fast or cheap, but about sending it freely: Immutability, censorship-resistance, and permissionless.

All "fast" blockchains are just centralized and slower than visa. If you don't care about decentralization and just want to make fast transfers, you should use Visa.

Edit:
I just checked the mempool, it is completely empty. You should have used 1 sat/byte and paid less than 0.01 usd.
Next time, check the mempool before sending
You can do it here

 

Had a good laugh at this thread title, what ensues usually from the OP is just a clear lack of understanding.  They paid a higher fee than they'd like to see without looking if they need to.  You hit the nail on the head with your 2 points nothing more to add then this. 

The people who knock bitcoin are usually the least educated about bitcoin

[smartcontracts100]

The people who knock bitcoin are usually the least educated about bitcoin

You just gave another reason btc will die as a crypto ... if a kid need to study cryptography , math , programming etc ...to buy candy with bitcoin ,then it's not a good crypto . Btc is mostly a proof of concept.Not very functional and user friendly. This is why people prefer windows and macOS instead of  linux . Linux is for pro's , windows and macOS is for avg Joe.

[Tamim121]

Because of transaction fee or slow transaction you can't tell that bitcoin will die as a Crypto. In my opinion this is a good coin. Too much potential. I see that when bitcoin price is going to up then so many coin price also start to rise. In the present time transaction fee is high. I think you need to show other reason to tell that Bitcoin will die. But your showing reason is not a strong reason to tell that Bitcoin will die. You need to gather more knowledge about Crypto and Bitcoin.

[eaLiTy]

Being able to send money to whoever you like, without a banker says if you are allowed to, isn't an improvement?
Remove the power from governments to print money, isn't an improvement?

I am using BTCitcoin from a very early stage before it hit the main stream and before that i was using PayPal who freezes funds and to release the funds it took months and tons of mail exchanges and Liberty Reserve and the reason i started using BTCitcoin was empowerment without the help of a third party. 

Another faketoshi reader 

Bitcoin was intented as a store of value since the genesis block. This is a clear message criticizing central banks worldwide and showing bitcoin as an alternative.

That is the problem, just read Bitcoin: A Peer-to-Peer Electronic Cash System rather than picking and choosing what suites you , just have common sense and the context, i am not here telling that it is a complete solution, we are improving in stages. BTCitcoin right now is a high risk store of value and there is no debate about that but the core functionality should be electronic cash system and we will achieve that.
 

Additionally, what all you guys say is "technology" is just a design choice. 10 minutes blocktime is a design choice due to limitations taht a smaller blocktime would case, jsut as like blocksize.

Reducing a parameter to a smaller blocktime or a bigger block wouldn't make it a new tech. 

When i started mining back in the day i was mining solo and i was not aware of the block limit and i stopped mining when i burned couple of expensive graphic cards, now a days i care less about the back end of things and there are enough smart people taking care of that, for years i am just a front end user and what i said was in context with where i started using BTCitcoin and why and not because some hypothetical nonsense you are thinking.

[Dragonfund]

I think op made a mistake, it should have been micro Btc instead he wrote up Btc. I was checking the transaction got some minutes until i saw that the transaction is just a dollar bill.
According to Satoshi Nakomoto, he created bitcoin as a purely peer-to- peer version of electronic cash would allow online payments to be sent directly from one party to another without any third party, the fee has been Okay if ask me. Have you consider sending $20k via PayPal or banks and then compare the fee to when sending 2btc to someone? Definitely Btc is way friendly and cheaper.

We have been hearing bitcoin will die over the last 10 years and look at it today, stronger with cool value.

[cryptoboss2020]

Here is why btc will die as a crypto



.7028 btc fee to send .2191 btc

It Will die If someone Will pull the trigger!!
If world owners will decide Bitcoin stay for little more it Will stay!!

If they think our over watchers the should rally to
200k + or more it will be so!!
If they think btc should not exist the btc will wiped out!!

Handful people will decide others lifes on earth!
Im not even bother to think it will stay or not all it know and Everybody knows That's not our hands.

We are not whales we are not part of wall street and not part of Exchangers.
So we just Dance the tune of the big guys playing.

[BITCOIN4X]

Please understand, we can all choose a fee amount to send bitcoin at any time. There are some circumstance that cause the standard fee to go up but you can still use 1 sat/ byte to send your bitcoin only if you don't want a fast transaction. The average person want transaction to be processed quickly and that can cause fee to go up, but like I said, you can still choose your own fee. The transaction fee issue won't kill bitcoin, there is no doubt that bitcoin will die due to transaction fee. Use LN if you want to make transaction in small amount, this will help you reduce fee.

Code:

[img]https://i.ibb.co/CtDRD7x/Screenshot-from-2020-11-22-04-46-30.png[/img]

~snip

Sorry, because the image is too big so I think you can still edit the post like this and I think it's much better.

[Twentyonepaylots]

Bitcoin's fees are indeed high for no good reason at all. And that is the price people pay for pumping it. But in this situation you can create some workarounds to avoid paying that huge of an amount. Always check your mempool first so you find out your available options to choose from instead of whining about how high bitcoin's transaction fees.

[HaXX0R1337]

Bitcoin's fees are indeed high for no good reason at all. And that is the price people pay for pumping it. But in this situation you can create some workarounds to avoid paying that huge of an amount. Always check your mempool first so you find out your available options to choose from instead of whining about how high bitcoin's transaction fees.

Did you make a bitcoin transaction in the past two days, if not just try it with a lower fees, i was just able to move my coins to exchange for just 10 SAT per byte and it got confirmed within 10 minutes. The mempool is empty for the past few days whenever i checked and sure there was a spike last week but now it is not.

[shoreno]

it will die as a crypto if ever itl because btc is a crypto but the death for btc is never yet to come , it was unknown .

fees dont kill btc but btc are continue growing . does that mean investors keeps going on and dont give a shit on the fee ?  on the pic that you post it was 2k sats and 7k sats, they are different from ".7" and  ".2" btc that you wrote at the end of your post . fees can changed anytime and paying small fee is working fine

[sana54210]

I believe it is certainly not a good thing, and I would love to see bitcoin transaction fee's to go lower, however if you are dealing with 1986 satoshi maybe you should use another coin? We are talking about just 2 dollars for transaction fee here and that is not huge, it is and has been higher than that most of the time so what we see here is even cheap fee if we are being honest, but when you are sending money with such low amount, you should consider sending it with another coin.

Bitcoin is still quite cheap if we increase the amounts, sending 1 bitcoin for example (18 thousand dollars and more) is still under 10 dollars, in many other methods it is more expensive even nationally, if we are talking about sending overseas it is still a lot bigger than this.

[acquafredda]

The people who knock bitcoin are usually the least educated about bitcoin

You just gave another reason btc will die as a crypto ... if a kid need to study cryptography , math , programming etc ...to buy candy with bitcoin ,then it's not a good crypto . Btc is mostly a proof of concept.Not very functional and user friendly. This is why people prefer windows and macOS instead of  linux . Linux is for pro's , windows and macOS is for avg Joe.

You already received many great replies from some users here but you fail to recognize where you are continuing to be wrong. Bitcoin is a free protocol and a free tool, if you do not wish to use then refrain from doing so.
You are clearly missing the point of using bitcoin my friend.

[DabsPoorVersion]

This reason is not enough for btc to die,

Also, You should know that transactions in btc is not designed to give cheap transactions, and there is a minimum transaction fee you can choose every time you transact. Even if you are going to transfer a little money, fee will not depend on that.

[Mauser]

This reason is not enough for btc to die,

Also, You should know that transactions in btc is not designed to give cheap transactions, and there is a minimum transaction fee you can choose every time you transact. Even if you are going to transfer a little money, fee will not depend on that.

I agree the arguments for a potential death of Bitcoins is not convincing in my opinion. The recent rally of Bitcoin price over the last 4 weeks is the best example of why bitcoins ate going to stay around for a very long time. People who buy bitcoins at the current level will never sell their coins if the were would be a big price drop. Investors would just hold and wait for higher prices again. For a coin to die people would need to dump it close to 0.

[Kong Hey Pakboy]

I think it is understandable that bitcoin will have an expensive transaction fees if bitcoin will have a huge price in the near future, so OPs argument is not enough to say that bitcoin will die due to expensive fees. The only reason for bitcoin to die is if everyone who holds bitcoin have started to sell it, which it would never happen because their assets are safe in their bitcoin investments.

[finaleshot2016]

High fees aren't a big problem in cryptocurrency, many of us already experienced that in the past years but still we're using BTC. So I don't think that BTC will die just because of high transaction fees, and besides, it isn't made for cheap transactions, there's a lot of features of BTC that's why it's being used by many peole.

You can also select the small fee transaction, maybe there's a mistake you've done during the transaction. I'm using 1sat/byte, when transferring cryptocurrencies on the local wallet.

[Smartprofit]

Yes, Bitcoin was conceived as a P2P electronic money system. 

However, now there is a lot of money in the world, but little trust.  There is a financial law - good money is withdrawn from circulation.  If, in parallel with banknotes, there is a money turnover of gold coins in the country, then very soon gold coins will disappear from use.  Bitcoin is good money compared to fiat currencies.

Therefore, in the future, bitcoin owners will not be individuals, but institutional investors.

[stompix]

Here is why btc will die as a crypto

Because a moron doesn't know how to send a cheap transaction?
Because somebody did pay 2000 sat to send 7000 satoshi?
Because a scammer, a liar, a spammer is envious of all the people here and desires as much as possible for others to feel miserable as he does?

NO!
It will not happen.
No matter how much you try, no matter how much you spam the topic with your venom, your hate will not make one bit of difference, the only thing all this is triggering is just turning you step by step into a hideous troll, so march back to your cave and leave us alone.

Right now, there's a high demand for bitcoin as it's greed high transaction fee happens every now and then on bitcoin especially if there's a high demand due to a lot of transaction being done at the moment and traffic occurs. Right now, there's a high demand for bitcoin as it's price is high and a lot of people are buying bitcoin to sell when they reach a certain price or when a dump occur.

Four hours ago I got an incoming tx with 2sat/b confirmed, where are those high fees you're talking about happening as it's obviously not "right now"? Besides if you would have looked in the crappy screenshot the OP posted you would have seen the blocks are empty, even a 1sat/b transaction would have been confirmed.