Post
Topic
Board Speculation
Re: Bitcoin sucks ass but price still rises- how come
by
lionheart78
on 22/05/2017, 05:55:28 UTC
Bitcoin has become a pain in the ass latley, transactions are stuck forever even with high transaction fees however the price still keeps rising, why is this

is this a bubble and bitcoin will collapse to pre 1000 again or will it continue to go up?

whats there to do with these transaction fees to be able to send bitcoin

It stucked because you are not paying the right amount of transaction fee, remember the fee is measured by the size of the transaction in Kb.  Even if you are sending small amounts if that small amounts consist of dust transaction, you will be paying more than a transaction that is sending a huge amount of Bitcoin but with a single input and output.

Price keep on increasing because of the hype and FOMO that is roaming around the bitcoin economy.  Many investors have now FOMO since they have seen how Bitcoin incline in price rapidly.  Aside from that major company of different countries are now joining the Bitcoin economy.