Post
Topic
Board Beginners & Help
Re: Bitcoin network fees are not high is you who can't afford it.
by
Richbased
on 24/11/2023, 15:17:33 UTC
Are you trying to show off because you can afford the transaction fee? I can also afford it but honestly it's a waste of money,  there is nothing to be ashamed of if you decide to queue using small transaction fee or just abandon the transaction for now and try again another day.

Maybe the OP is trying to show off in my own view like because someone has alot of bitcoin in his wallet is that enough reason to spend much on transaction fees? Hell no, we all know that the high transactions fee is as a result of congestion in the system which will eventually go down when the traffic becomes less. At this point I think bitcoin holders that wants to perform transactions should rather be patient and wait for the transactions fees to reduce before performing transactions or better just pay the high transactions fees that's for people that needs to perform urgent transaction.

The creator of Bitcoin never stated that this project is for those who can afford it, it's not meant for whales and not everyone will be whales anyway, mind you Bitcoin will be less attractive if newbies are finding the transaction fee to be annoying, there are too many block chain projects that offers cheap transaction fees.

Definitely, if the transactions fees continue to be this high it's really gonna scare away lots of newbies that wants to store bitcoins in personal wallets.

It's right to ignore Bitcoin if the fee is too high, beginners need to accumulate Bitcoin with ease and if transaction fee is what's stopping them they have a good reason to look else where, I already pictured how the next bull market will look like, maybe Bitcoin is made for the whales to only to enjoy, but it's not a cool thing to say.

Anyone who is accumulating bitcoins doesn't need to be in a hurry of performing transactions but rather instead should keep accumulating as against the upcoming bull market.