Post
Topic
Board Bitcoin Discussion
Re: Finally Bitcoin is becoming normal
by
1Referee
on 25/01/2018, 09:34:51 UTC
I hope so, i had been waiting this time that bitcoin transaction and the transaction fees to go back to normal. Recently i sent a small transaction with only 8k sats fee and i was surprise that its being confirmed within less than 2hrs. For sure that will bring positive image again to bitcoin.

It's not the end at all. If the market gets boiled up again due to a bull run, the number of transactions will increase again, and if a spam attack follows to add fuel to the fire, we're back at 0.001/0.002BTC fees. It's just a temporary occurrence due to how calm the market is. People who have been around for a while have seen the fees drop significantly, to then increase significantly again - it's basically a wave pattern that keeps repeating itself over a very long period of time. In other words, calm market translates into less transactions, and a strongly active market translates into more transactions. If you have to move transactions with plenty of outputs, then this is the right time to do it.