Post
Topic
Board Bitcoin Discussion
Re: Reduced transaction fees
by
jtipt
on 28/11/2017, 03:21:38 UTC
As the value of BTC has increased almost 10 fold, do we expect the fees to come down? The charge for small transactions are very high right now.
I think that's unlikely, fees are mostly depending on the congestion of the network. On a bad day when everyone was selling/buying bitcoin  the fees were as high as 800sat/byte but on a normal day an 100 sat/byte has became the normal fee. I don't think it will decrease more than that.