Post
Topic
Board Bitcoin Discussion
Re: It is pointless if the BTC fees increases along with rise in BTC price!
by
Charles-Tim
on 27/12/2020, 08:39:28 UTC
I have observed many times whenever there is rise in the price it will proportionally increase the fees as well. BTC becomes useless if I want transfer my coffee bill worth $5 or lets say lunch of $50 bucks if I have to pay more than 10-15 USD for single transaction.
That is the reason for bitcoin lightning network, bitcoin lightning network transaction fee is very negligible, for now, it is as low as $0.00005. For making small transactions and everyday transactions that require low amount, people will not have any option later than to resort to bitcoin lightning network.