Quote from: wiss19 on February 17, 2020, 11:56:22 AM

Quote from: Debonaire217 on February 14, 2020, 12:39:14 PM

I probably start with a question, have you noticed the decrease in transaction fee of average bitcoin transaction of today?

In the past 2017, the demand for bitcoin is nearly the same for today. And according to this resource, the bitcoin's average fees today is $0.50 dollars in comparison to $20 dollars wayback 2017.

Moreover, the reason behind this decrease and improvement we have is the SegWit and payment Batching. Before, it seems that SegWit isn't providing the best solution to solve the problem of huge transaction fees. But for today, we can see its effect since the transactions of this time is somehow the same with 2017.

In relation to the news concerning bitcoin-related searches, the demand for bitcoin seems to increase significantly over time. I just not sure if SegWit could handle an all time high and huge amount of transaction since we are near to a serious event of bitcoin halving.

There's no doubt that most of the cryptocurrency enthusiast are now suggesting a transaction using SegWit wallet address and since we now have the information regarding its effect on the bitcoin's transaction fees. I don't think we still have a reason to stay with the traditional bitcoin address.

Bitcoin halving is about to take place and in this situation, the fees would gradually lower in amount.
There is nothing new in this actually because the halving process is going to reduce the fees for each transaction to broadcast which is going to increase the demand for bitcoins which gradually would also rise the price for bitcoins.
This is going to bring the bull runs soon so we all should remain close to bitcoins as we already are.

Now because of the bitcoin halving there is a lot of changes will happen because of lacking the supply of the bitcoin there is a chance that the transaction will increase highly but still, the price of the bitcoin are in a low market price the transaction fee becomes more favorable to the people.