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Topic
Board Speculation
Re: High transaction fees affects buyers and seller in payment in bitcoin
by
LogitechMouse
on 31/12/2023, 04:49:22 UTC
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Do you think there is a solution to this, or B2B and P2B, business that uses bitcoin should find another alternative to payment method instead of Bitcoin?

For those who are into business that make use of bitcoin, how do you harness this situation of high transaction fess to not affect your business and customers? So that others will learn from your tips.
Just accept altcoin instead of Bitcoin, or don't accept any cryptocurrency at all.

Right now, Bitcoin is more of a store of value than a currency. The ones who are still sending Bitcoins right now are probably those who want to hold in preparation for the bull run, and not those people who want to buy something because the fees are just too high that they can't afford it anymore. I don't see any point at least this time for Bitcoin to be used to pay for something.

Find another alternative payment method, or don't accept Bitcoin. It's just too much, and TBH, I don't know if the fees will go down anytime soon. These ordinals kill the main purpose of Bitcoin which is to be used to buy something. More of a currency side thing, but it's becoming an asset now.