Post
Topic
Board Bitcoin Discussion
Re: with the high transaction fees btc makes me stronger to hold btc.
by
BitDane
on 11/05/2023, 22:23:42 UTC
As we all know lately, lots of people are transacting BTC and causing traffic jams because of the many queues for BTC transactions, and BTC transaction fees are expensive if you want to be fast.

And I, as a btc investor who is still a beginner, in my opinion, with expensive btc transaction fees, I see this as a positive thing because I have the following reasons.

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.

Idling coins because of high fees is not good for the economy of the coins.  You have your reasons so you actually not affected by the transaction fee increase because you are holding BTC for a certain period of time to get profit from it.  Even with the fee did not surge, you have no intention of moving your BTC so it is not the high transaction that made you hold your BTC.

Quote
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.

See, you don't plan to spend your BTC anytime soon so the high transaction fee does not have an effect nor make you change your stance of holding BTC.

but in my opinion if transacting btc it would be better to use a cheap transaction method.

it is always better to have a means to transact with less processing or transaction fee.  Who would love to spend more just to make his transaction confirmed faster.  Cheaper is always better when the same quality of service is served.