Post
Topic
Board Bitcoin Discussion
Re: he pays 5000 € for a bitcoin transfer
by
stompix
on 26/03/2021, 05:24:16 UTC
The only reason this transaction  is even an issue is because no one knows what made him pay that fee. The sender may found himself in a situation where it was impossible to wait for lower fee. As long as it’s not a  $5 wrench which   forced him to make  such fast transaction, no one  should be worried about it.

It feels like an exchange collecting deposited coins, the destination address seems to be getting a lot of 0.8 trsanctions

https://www.blockchain.com/btc/tx/7c6e4b586d50bb3a084ea975aa5aa41565aa5d36339974e9840545179fe4e8f1
https://www.blockchain.com/btc/tx/847ae6bcf410561d9b8cf29495a24e426e7ac5ca8152bca977772e9f191d93af
https://www.blockchain.com/btc/tx/adc23c35aad928c85174bd1d4a8a233d7f64ca306fd23c5d0ff4ddc844de8465
https://www.blockchain.com/btc/tx/9f1f5375a91382f341fcc6f9bbad5ec9fdb850a553275edec6c8f12e1a84ec16

I was tempted to think it was some mixing activity but there is a lot of address reuse in those.

Here is my exchange collecting some of my coins
https://www.blockchain.com/btc/tx/68b285cf8a7c9e9aa62b68b10450643e39f70b24def0040a7ed977693018bf4f
although a bit cheaper, at just $1.2k.

Some businesses are forced to pay those fees, you can't wait till the weekend when you have withdrawals pending for days and no money in cold addresses, you have to collect from hundreds and hundreds of deposit addresses. Waiting till the mempool is empty is like waiting to go out of business.