Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin transaction fees be too high in the future?
by
kotajikikox
on 28/10/2020, 10:14:12 UTC
This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Right now the median fee is about $2. After lots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $5 for a transaction. Even paypal doesn't charge that much.
What can we expect when we start as without almost fee and now look this becomes an issue all the time prices grows like now mate.
Surely in time passes by the fee will go Up and high as the price of bitcoin same do.
and Miners need to get their dividend because for long time now ,they are not gaining instead last Halving they did not get what they are looking for to at least earn enough from their expenses and time.