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?
Bitcoin fees I think is reasonable. I don't really know what's the case of their basis of making an increase. But in my opinion they are making it high to reduce the transaction that are filed and cause congestion. Making it higher will lessen people that will make transaction and wait for the fee to drop down. I don't think people will start selling because of that. I think they will just hold it more longer time to make their BTC multiply more its value.