Quote from: jc89 on June 11, 2017, 02:29:41 PM

Quote from: pawanjain on June 11, 2017, 04:51:58 AM

Day to day the price of the Bitcoin is increasing but with this a big problem arising that is fee .
Can you think that with the increase of the transaction fee of the Bitcoin will results into less use of the Bitcoin for transaction from one address to another .
And people will move toward the other cryptocurrency .
Or there is chances to improve the block chain network and increase the size of block .

I request to everyone to give you thoughts and views at this big problem of fee .

It is possible that the number of transaction per day will decrease because of the increasing transaction fees needed. That is especially for those who cannot afford to compromise and pay higher fee. With this in mind, there will be less micro transactions in the blockchain.

People might lean to alts just to lessen the fee needed. They will just do that to lessen their fee but they will convert it back to Bitcoin so Bitcoin is still the dominating crypto currency.

There are various solution for these issues, we have the Segwit that shall happen on August. However, its end result is still uncertain so no one really knows if this is a solution or another problem.

i hope when time cimes that btc can be able to perform well and can use efficiently when its value really grows and when massive adoption happens.