Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Are you even paying attention?
Have you heard of lightning network? Of course, some of it is already being experimented upon... it could take many years before it is microtransacting on the level of visa... but it is in the works.
Also, you mention that you want to send big amounts of bitcoin around, and you know that the problem is not with big amounts, because in terms of percentage it is not bad, especially if you are getting into the several thousand dollars arena.
Finally, fees are low currently and transaction times are fast currently.
I just looked in my blockchain.info wallet, and it is showing $.12 for regular fees and $2.02 for priority. Seems fairly reasonable to me, and you could take advantage of these low fees if you want to move money around, at this time.
I have heard of lightning network but its only segwit adresses I'm able to use currently to alleviate fees, I'm just talking about the reality of the situation and how that feeds back into market demand. Of course I want them to advance the capability of crypto far more then it is now especially for micro transactions, until its usable we are all speculating perhaps a little too much and hence the price pulls back to a more steady area.
I'm pretty sure all my transactions are micro! I'm not a whale sadly, if fees have fallen to $2 then thats way more realistic for most people to use BTC. I swear they recently halved, I'll check the graph site I have bookmarked and post the fee structure/backlog as I think its relevant
I dont want to spike the guys site with traffic, pm if you want a link as he gives a few dynamics