Quote from: Queentoshi on January 05, 2024, 07:58:55 PM

Quote from: Hatchy on January 05, 2024, 12:09:42 AM

With the recent spike in Bitcoin transaction fee, it's evident that these fluctuations are significantly impacting the adoption rate of Bitcoin.

Bitcoins has widely been advertised as an asset to invest in, that is to buy and keep and that is what is attracting many people to it as investors. Many of these investors do not yet see Bitcoin as a currency to transact with daily so they are not worried or have to be bothered about the high transaction fees that will be a big discouragement to people who use bitcoins as currency right now. Adoption of bitcoins is still happening and will keep happenning as more seek for what to invest in, and the best investments to have asides properties (real estate).

No doubt that Bitcoin adoption is still ongoing and I also understand that the major cause of this is because of the investment opportunities that people see Bitcoin as, well I still say that this high fees still hinders that part too although if not all then a little portion of the adoption because just image a situation where I want to buy Bitcoin and hold it and I obviously use an exchange to buy and accumulate then I will be needing to send the coins out right? So in trying to send my coins to an exchange and I pay this type of high fee don't you feel I will be discouraged or try to find an uteriour next time.