Post
Topic
Board Bitcoin Discussion
Re: with the high transaction fees btc makes me stronger to hold btc.
by
lienfaye
on 11/05/2023, 04:50:25 UTC
1: having expensive btc transaction fees makes me stronger to hold on to btc because I don't want to waste my money on expensive transaction fees.
Well, if you're a long term hodler, you will not be tempted to sell your Bitcoin regardless of the fees for every transaction. Though it's true that many investors decided to hold at this time due to high fees, but it doesn't mean they're going to hold for long. It's just that the fees are hindering them to transfer their Bitcoin.

2: my goal of investing in btc is for a long term investment so with expensive transaction fees
makes me stronger holding btc, because my goal is to invest in btc for the long term.
The fees are indeed high but it will not last forever because it will turn down for sure in the  coming weeks/months. So be firm with your decision because holding Bitcoin for long period is beneficial for you to have a chance to become a huge gainer.