Will transaction fee increase after all bitcoin are mined.

[yulitzacalvete 1366]

On 12/9/2019 at 5:18 PM, Digicoin said:

I guess yes, but, I may be wrong. I said so because there would be no other source of reward than the transaction fee.

You about you people.

 

What do you think?

I think it will increase possibly because there will be more transactions because every day you see more popularity of BTC and not only will this be affected by the reduction but also by demand.

[Emma Wilson 1156]

In my opinion, It will increase. Because when all bitcoin will mine, its market price will so high like 1 million+ dollars. For this reason, Every miner get profit high amount for completing every successful transaction. I think you can understand, why transaction fee will increase after mining complete. 

[Pereira 2303]

Most of the times when selling the cryptocurrency can go up or down, because its volatility is very high and therefore when you do any operation the price will always vary when buying and selling.

[jappy 1129]

This will always be on the rise due to the demand for btc, no doubt that the miners will always be working and with more demand, more transactions, more commission, and this will continue to increase every day.

[Edwinvicky 819]

It will increase in a certain moment and then reduce and normalize because not everyone will like to pay such high fee if they would not reduce it. An example is the 2020 pump where most people uses other crypto to withdraw their funds because withdrawing directly with btc is too damn expensive. let say someone has 100USD to withdraw in btc and then pay fee of 40USD then get 60USD but when withdrawing with other alt he can safely get 80USD after fee.

[Farukatie 1271]

Dude I thinks no but maybe it could but it could may not actually I think that exchanges will never want loss of their investors and users so the transaction face of bitcoin will remain same and also if it is done that the withdraw face of bitcoin becomes greater than people will exchange in other coins and withdraw their money in these coins.

[khan22 3478]

When the all bitcoins are mined that time the coin value is so much high and the other ALT coin will start to mine and that coins price is also so much high and i hope that in the crypto market when it is going to be legal that time the price of the market touches the sky at that time.

[Jack764 1841]

I think that this matter will be exploited, and there is a possibility that this matter will be exploited and earn profits by the platforms, but the mining wage decreases every time

[Wanderdark 2178]

Hello, my friend, a good question indeed. The answer , in my opinion is yes it is possible but for these type of issues there will always be updates or new protocols to balance the transaction fees, otherwise no one will use these networks.

[tobom 133]

I am not fully informed. But I guess it could be like this. Because I think it will be like this for some other members and I think this will not be good for cryptocurrency users.

[Ameralsamt 2558]

Yes, my friend of course the fees on Bitcoin will increase if all bitcoins are mined, here the features of this currency will increase and will rise further and this will inevitably increase its value and fees. 

[abohasnn9 2401]

My friend, us, something like this happens, and the reason is that the price of miners for Bitcoin is somewhat high now and they extract the rest of the 20 per cent of Bitcoin, so when the miners finish, they will work as miners, and certainly the commission value of Bitcoin fees will be raised. Thank you.

[Shahin3864 101]

For me here already I feel extraordinary comfort. But I still hope some changes will come after that. I think spending will be stable. This is likely to happen after everything is excavated.

[MK AHMAD 1134]

I think transactions fee will likely increase if the price of bitcoin is high which will make the sellers have more opportunities to make transactions and the more the transactions is taking place the more the fees will be increasing

[Silwester_888 439]

Yes this is very normal because after every mining process certain changes happened to some extent related to bitcoins. Like it's demand increase and supply decrease and that's why the prices goes up and related charges like processing fees and transaction fees also increased.

[Quickbee 26]

It is a realistic possibility. When all the bitcoins are mined and the miners only source of income would be transaction fees. So the transaction fees would be hiked to compensate the miners.

[Mishi Lorana 717]

On 12/10/2019 at 2:18 AM, Digicoin said:

I guess yes, but, I may be wrong. I said so because there would be no other source of reward than the transaction fee.

You about you people.

 

What do you think?

Yes my friend it will definitely increase as all bitcoins will be mined. After the completion of mining, Bitcoin will become more rare and rare thing has higher rates that's why it's fees and rate will increase more.

[Wizsplash 73]

I recently just tried withdrawing my earnings sometime ago, and i noticed the price fee for withdraw was high, on asking a friend of mine he said it was as a result of crypto currency prices going down but once it rises  again the fee would be decreasing downward. 

[Syriana 350]

I think it is natural to increase the commission after mining the last bitcoin block, because the miners want to preserve their work and profits, so they may raise fees to compensate for what they have lost.

[teebasas 3018]

Charges would almost certainly rise. Once bitcoin is completely mined, there will be lack of supplies, high demand, and a price rise. As a result, there will be a rise in the fees.

[Yuki 526]

I don't think this can affect fees prices because mining is not the only way exchanges and people earn cryptocurrencies from , there are also trades which is the main way that's used to increase our balance in crypto world , so in other words even if it had affects it would be very low and the increase in fee won't be noticed

[Dissy sb 945]

at this time the transaction fee is increased to because the price of the Bitcoin is also increased that's why the transaction fee is increased on the Bitcoin and the transaction is getting the more time

[kion 381]

Well, if I think right, then I will say that it is not possible that all coin would be mined, and still yet there be a transaction fee, as long as there is a transaction fee, that means that there is a coin that is still been mined, that is what I thought though.

[Adam786 560]

Yes it may be possible that the transaction fee of the cryptocyrrency can increase with the increasing price of bitcoin . We know that the price and use of cryptocyrrency like bitcoin and Ethereum is increasing due their supply and demand in the crypto market thats why we can think about that the transaction fee of bitcoin will also be increase.

[Samer1997 715]

I do not think so, especially since the market value (price) of Bitcoin is heading in a strong upward direction, which increases the payments over the rewards, I think that if the bitcoin continues to rise, the rewards will be reduced, but so that its value remains the same in relation to the dollar