Does people actually know that transaction fees over the Bitcoin network has been cheaper than their favorite alts recently? Okay every Ethereum user is probably aware of this but how about those Doge fanatics? It takes 1-2 Doge to send a transaction which is more or less $0.50 to $1 based on current price. Even the BSC network has been congested lately and standard gas price went up to 9 Gwei from the previous 5 but I read that some people had to add more spending over $1 for their transactions not to be rejected.
Earlier today, I was able to send BTC at 3 sats/vbyte but I know the fee went even lower than that. That's less than $0.50. It's already back up to $4 but my point is that some people are probably still stuck to the notion that BTC transfers are always expensive. They don't realize they are spending more on their altcoins.
This is actually true and these kind of things are the result into those people who doesnt really make out some research and believe on what they had believed basing off on experience on point.
Yes, the fees on Btc could really have dropped down to less than a bucks which is way lower than on most top altcoins in the market even though the fee is indeed dynamic basing
off with the network congestion and this is where fees do really moves on.It does have its con's though but talking into the positive side where it bloats for sometime
but eventually goes back to normal unlike on other alts like ETH, having gas problems is way too long for it to subside.