Post
Topic
Board Bitcoin Discussion
Re: Could invested assets be nullified by progressive gas fee after halving?
by
Jimmycrooks
on 31/05/2023, 20:27:14 UTC
Good day my fellow-bitcoiners! Took some time to study this topic about good advices given to novice investor into bitcoin field I came to conclusion that everyone gives advice to each and everyone to follow DCA strategy. Being not so advanced investor with less than 2 years term in the field I came to one strange experience that bothers me nevertheless. Whenever one is trying to follow DCA path it could affect potential investor into collision course with necessity to pay fee which is regulated by increased demand. To put it simple: with increase in bitcoin price the value of gas fee rises. Could it decline the profit in bitcoin investment to the extent when we are not able to pay the gas anymore? Let me explain it by my own experience on latest attempt to have business with CEX (I don't want to give it an add or spoil the impression so I will avoid to give the exact name for them). From the very beginning I knew absolutely nothing about how and what is bitcoin. So to give it a try I've put not more than 20USD into CEX and made several transactions with newly created account. That was the case when I saw the fee going up to 8-10$ to complete transactions by moving out assets or transferring them. So I had an idea that moving huge amount of assets on the blockchain could potentially solve the issue. As anyone could see there were quite big transactions made by US authorities recently. It even affected bitcoin rate for a short period and everyone has seen it at the market. Suppose I accumulate enough assets in bitcoin so that a need will occur to spend or transfer it for some reason will it be independent on the fee amount to save the earned or we have to feed miners with fee that will rise along with bitcoin value? More is the price - more fee you have to pay?
OP first of all you should learn to arrange your post with enough spaces for easy reading. I had a difficult time reading you post to the end, I'm pretty sure I skipped a few things.

Now back to your question, yes it's true as the price of bitcoin increases, gas fees increases too. There's no avoiding that.

Although you can always consider customizing your fee or batching multiple transactions into a single transaction or timing your transactions during periods of lower network.