Quote from: tabas on May 05, 2023, 05:26:13 PM

Quote from: Findingnemo on May 05, 2023, 01:03:42 PM

Sorry for another topic about the recent issue going related to bitcoin network congestion but I really want to know that Bitcoin ordinals so called NFTs is really going to change the fee required for the transaction in the future?

Because I didn't witness such kind of clog since 2017 but by that time there is no segwit, exchanges are clogging the network purposely and so on but later for so many years the fee issue isn't really there but all of a sudden we have to pay over 100 sats for over transaction to get into the block may create a bad image and it will create the FUD and may initiate the price drop.

I thought that by today the fees are going to be much lesser than yesterday but it doesn't look like that. As of checking, the amount for the fees set on the mempool is more expensive right now, yes today it's much more expensive. IIRC, the fee during 2017 bull run, it was more than this.
But during that time, it was bull run and right now it is not yet bull run. And those that don't want to have their transaction take long, you have no choice but to pay for the suggested fee as priority.

How can you be so sure it's not bullrun now? In theory, bull cycle starts immediately after we reach the bottom. And I'm pretty sure the bottom is in for this cycle. Indeed, we haven't reached the parabolic growth or the final stage of every bullrun but we're not in a bear market either.