Quote from: Oasisman on Today at 12:25:29 AM

Quote from: Kaliandra on May 10, 2023, 12:53:13 PM

with the high transaction fees btc makes me stronger to hold btc
but in my opinion if transacting btc it would be better to use a cheap transaction method.

It does make you strong because high fees are preventing you to do small transactions lol. You said you're a long term investor and it looks like you mean high transaction fees are perfectly fine for you because you are a long term holder? well, this high transaction fee is an attack towards Bitcoin network to prevent the mediocre investors from doing micro transactions. This means BTC might go down because of higher transaction fees. If it's prolonged, do you think you'll get enough profit out of your long term holding? To be completely honest, I don't see anything positive about this high transaction fees.
Your last opinion is correct. With low transaction fees, it'll allow small investors who has been DCAing and those who's gradually accumulating bi-monthly or monthly to buy BTC regularly and this is one of the reason for BTC to increase it's value.

And we still don't know how long this bad actors are going to attack and spam the network, but there are talks about how to resolved this but we will have to wait for the final consensus. It's that when we are in a bull run and the price is still that high, then it could still be bothersome for most of us.

But we will see, long term holders are not affected by it, but for some average joe who sometimes need to sell, it might lead us to just really hold on it and make ways to really not to sell right now because of the high fees. But the good news is that the fees are somewhat manageable right now, as compare to like a couple of days wherein it went as high as 500 sat/vByte if I'm not mistaken.