Quote from: Dr.Bitcoin_Strange on Today at 09:41:52 PM

Quote from: odolvlobo on Today at 07:11:13 AM

Well, you will have to get used to it. This is what is will be like in the future. Bitcoin's success means higher fees.

I really do understand that it's something we are going to get used to, but speaking for ourselves as early Bitcoiners, it might not really have much of a negative impact on us, but for newcomers, can they cope? If they are in the situation of buying, say, $10 of Bitcoin for the first time and they are to spend $30 in fees, it will discourage some people and make some people more skeptical about the technology, mostly people who will know about Bitcoin for the first time in their lives.

When I first bought my first Bitcoin some years ago, around 2019, I didn't buy a whole lot of Bitcoin, and I didn't spend up to $2 on fees, so imagine if I were to spend $30 on fees when I wanted to buy $100 worth of Bitcoin. It would really make me feel biased that I had to just receive $70 worth of Bitcoin if I spent $30 on fees.

I just wished for the Bitcoin transaction fee not to go so high that newbies could not afford it when they wanted to buy their first Bitcoin, because Satoshi said Bitcoin is for everyone, both the common and uncommon man, and some common men, could not afford to spend a lot on fees.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Well said Dr.strange, it will definitely affect those newcomers like myself although I will count myself as a partial newcomer as I have already started my bitcoin investment and my investment and portfolio is looking stronger everyday but what about the folks that don't want to use it as an investment and only for transacting purposes? They will definitely see it with another motive as it will be really absurd to spend more than half of your money as fee trying to pay for a service rendered to you.