So over the past 48 hours as we all know bitcoin price soared to new heights and is now going through a price correction. The network fess though for sending have also shot up, it no longer makes sense for sending small amounts which is a kicker as my online business takes btc as form of payment :/ What does everyone think, will the fees go down over time and if u had to hazard a guess how long? I'm hoping it settles over the next few days.
For now, I don't think it would fall down big time. It would take years as well like it did on getting higher, but who knows what would happen in the future right? I guess this is part of the risk that we are taking if we want to earn bitcoins, but I also think that bitcoins would still increase its price because it becomes more rare or difficult in mining bitcoins.