Post
Topic
Board Gambling discussion
Re: Gambling sites and current transactions fee
by
Eternad
on 22/12/2023, 16:56:37 UTC
Everything is going towards the fact that the cryptoindustry is moving in the direction of a bullish trend and it may turn out that a bearish trend will have to wait a long time. And as the price increases, the commission (transactions fee) will also increase.

That's the important thing that people are forgetting. They think they'll hold their money in exchange or a casino because they don't want to pay $50 in fees, but when ETF gets approved and we go into a FOMO rally, your fees aren't going to drop. If anything, they're going to come up. Even if they ban ordinals, but we enter into a bull run, you can expect fees to drop by 10%, but they will still be high due to increasing demand.

If you don't want to pay a lot, either use LN, or convert bitcoin to another coin if you have the ability to do it cheap, but if you do that you'll probably miss the bull run. Either way the problem is not going to fix itself.

Yes transaction is destined to go high since the fiat value of Bitcoin is increasing while the fee is always in Bitcoin value. The only problem is the abnormal rate of fee increase right now due to the ordinals spam which will be much lesser fee now even with bullish trend if there’s no spam in the blockchain network.

Remember that there’s a lot of blockchain alternative alternatives already which means the volume of transactions is already distributed on different networks compared before when only few blockchain available which most people use the Bitcoin network to send transactions.