Post
Topic
Board Speculation
Re: High transaction fees affects buyers and seller in payment in bitcoin
by
milewilda
on 02/01/2024, 20:31:06 UTC
If this is the first time is happening don't you think it will become a nom like it has come to stay and we might even be having a time to expect it to happen just like we're expecting the halving.
This issue is never a thing we say it will go, we need something more helpful to let us know that this is when it will end and will never happen again, because as it is I don't see anything tats stopping it from continuing.
So if BTC reaches $100k the fee will be half of what you're sending if care is not taken, is really disturbing honestly.
That is true, nobody really thinks that it will go away, everyone knows that it's here to stay and that's the biggest problem. I believe that we are going to end up with some trouble that would not be simple to get rid of, and that's the main issue. I get that it's not going to end up with anything crazy, but we should consider that we are going to end up with something that will change for the long term.

If we could pressure the developers to figure out a way, eventually someone will find a way. I personally believe that the best thing we could do regarding bitcoin fee's right now would be just not to use them, unless you absolutely have to, focus on something else, use something else, and that would drop the fee rate for sure when the usage drops.
Now it is really starting to going down, i have remembered on yesterday or the other way which the fees reached up 200+sat/byte per tx on which the fee rose up almost $20 which it is really just that too much specially into those people who are really that making micro transactions. Now on the time that im writing this on which it is going down to 50sat/byte on which it do really shows that the network is really that gradually going back to normal. Pretty sure, tons of Bitcoin traders or investors would really be loving on seeing the network not to be clogged again. Despite that if its really just that few bucks worth but still seeing bitcoin fees on its
lowest would be always preferrable.

We do know that conditions like this arent that permanent or something that do happen anytime. There are really just those moments or times that this condition do exist on which we do
consider out that this is one of the main major flaw or problem about Bitcoin on which it talks about its scalability.