greetings to all friends, last December was a pretty bad month for all bitcoin users and also those who actively transact with bitcoin because bitcoin fees were really suffocating, even the highest fee i saw reached $20, this caused a lot of topics to be discussed. discussing this phenomenon, a few minutes ago i accessed the mempool and found that the bitcoin fees listed there were very cheap when compared to last December 2023,
from this it can be concluded that changing bitcoin fees should not be an obstacle to bitcoin adoption. For those who transact Bitcoin with small amounts, it's a good idea to pay attention to the time because you will definitely find the best time to process your Bitcoin transactions.
from this it can be concluded that changing bitcoin fees should not be an obstacle to bitcoin adoption. For those who transact Bitcoin with small amounts, it's a good idea to pay attention to the time because you will definitely find the best time to process your Bitcoin transactions.
What I do is to always check the mempool immediately am about to initiate and send a transaction, this will give me the accurate and most recent fee that am going to get, there's another logic here, using the lowest priority is sometimes better than using the purging features when you place it on static, the fee you will be charged under low priority is lesser compared to when you're having your purging gee to be anything above 20 sat/vbyte, so we have to be logical when doing anything in other not to pay more when we intended to pay less.