Post
Topic
Board Bitcoin Discussion
Re: BTC unconfirmed transactions exceed 500k on mempool
by
pakhitheboss
on 02/01/2024, 08:51:05 UTC
In the past, it was temporary I guess although I had no idea about the fee market before 2019. I heard that there was a spike in the fee back in 2017. But this time, you know what's causing it & we are likely to see the spike every now & then. That's not something good I guess. That's going to create more problems in the coming days.
We know the reason for the congestion and given time the hype will go down. I deel that it is a temporary problem and we would see the fees coming down. It is not that I am okay with the high fee. I guess no one here is the forum is happy, we need to have patience and avoid small transaction if possible for now. LN is not an on chain solution but it is the answer for anyone looking to do small transactions at low fees.