Post
Topic
Board Bitcoin Discussion
Re: Will fees keep rising to thousands of dollars?
by
ss890
on 02/01/2018, 01:12:24 UTC
I want to know if it is possible because then I need to exit before fees are higher than my balance.  Huh
I don't think that bitcoin price will rise to one thousand dollar. It's crazy to think even if they are doing the weired updates on fees these days. The fees are decided randomly most of the time and a miner choose which one to take.

What if in the future there are miners who are ready to process your transaction with hundred dollars and there are miners who are the usual one which you think will accept the one thousand dollar fees. Then what do you think where people will go? It's most probably the first group with little fees. The rest miners will never get those fees. Otherwise bitcoin will never work.