Well then can Bitcoin remain at 50k in the future even with a large number of bitcoin users or will it go down in price with time?
Because now they say a small transfer of say $200 can cost around $30 in transaction fee...so that can't be useful if Bitcoin remains at 50k in the future.
Because now they say a small transfer of say $200 can cost around $30 in transaction fee...so that can't be useful if Bitcoin remains at 50k in the future.
This is the part where you get to hate bitcoin. It is exploiting the poor and small users. That quoted fee is slightly above 10% of the transaction sending $200 across. Who pays that kind of heavy commission. I noticed it takes longer to send bitcoin across now that there is a bull run than when the price was down in 2020. This is bad and it is destroying the bitcoin image.