Post
Topic
Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
dragonvslinux
on 08/05/2023, 05:20:41 UTC
So if you're willing to pay 0.001 BTC ~$28 then it's all OK.
I guess if someone has a balance of say $300 then paying $28 for a withdrawal fee seems a bit high. What's the goal of being in crypto if you're having to fork out 10% fees every time you want to make a transaction? Just wondering. Because when you pay a 10% fee you need bitcoin to go up by 10% to cover your a**.  Shocked

There's the old phrase "for the tech". In this case for example, Binance is looking at implementing Lightning withdrawals, which won't cost anywhere near mainnet transactions. People forget Bitcoin remains young and still in it's infancy of development. If you're investing in Bitcoin is should be for the future of it's use as money and store of value. In the meantime, there will be network congestion from high demand, the need to scale.