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?
i don't know where you get all these weird theories of yours which you are filling this board with your topics. but you forget to put some thought into them, or maybe you are still trying to short bitcoin that is rising and losing money!
so lets analyze.
you say "MOST" people own less than 0.01BTC and they will not be able to sell their coins because of high fees some day. lets assume it is correct. that will remove "MOST" of the demand, the demand is all those buy orders that are placed there where your "second group" owning huge amounts want to sell to. as a result there would be no one left for them to sell to or they would have to sell at a much lower price.
for example price is $100,000 and the orderbooks get too thin that if they sell 10BTC price would fall down to $10,000 because "MOST" people have left bitcoin by then in your theory
not to mention that you don't even say "WHY" those people with huge amounts even start selling their bitcoin. you just said they will out of nowhere
the only conclusion that i can make is: "stop trying to short bitcoin"...