Most people own less than .01 BTC
The fees to sell or transfer this .01 BTC is getting absurdly expensive and will continue to rise. My theory is the fees will become so high that most people will just hold onto their BTC rather than sell. Eventually the addresses holding huge amounts of BTC will start to sell. It will clog the blockchain and fee prices will sky rocket even more. The transfers will take longer and longer to confirm and everything will get "stuck". I believe this will fuel more and more panic selling as everyone tries to cash out at the same time.
What do you think about bitcoin fees and the .01 theory?
The fees to sell or transfer this .01 BTC is getting absurdly expensive and will continue to rise. My theory is the fees will become so high that most people will just hold onto their BTC rather than sell. Eventually the addresses holding huge amounts of BTC will start to sell. It will clog the blockchain and fee prices will sky rocket even more. The transfers will take longer and longer to confirm and everything will get "stuck". I believe this will fuel more and more panic selling as everyone tries to cash out at the same time.
What do you think about bitcoin fees and the .01 theory?
Most people who have been in crypto-word more than 5 months will have more than BTC0.01 even don't have to wait for months to purchase BTC0.01, people can buy it right now through exchanges, except you don't have the cash to buy it.
What do you mean about .01 theory?
Trade bitcoin addresses which contain BTC0.01 instead of sending bitcoin which cost a high fee? it won't work for global transactions, only works for people who agreed to do so, but have to trust each other or prefer to do OTC transactions to be safe.
However, blockchain nodes will be upgraded or lightning network will be implemented to solve the scale problem and bitcoiners don't have to pay high fees anymore, hopefully.