Personal experiences, like my friend's decision to postpone investing in Bitcoin due to high fees, highlight how potential investors might alter their plans. The longer fees remain a concern, the more likely individuals are to explore other investment options. The extended period of elevated fees has forced many users to seek alternative means for their daily transactions, detracting from Bitcoin's intended role as a practical medium of exchange.
I don't get it when investors postpone their plans to invest in Bitcoin because of the fees, are they active traders that they'll be interacting with the market daily to be that concerned about the fees. Sometimes I wonder the type of Investors that are getting attracted to Bitcoin are they that cheap because I can remember when using Ethereum was as costly as hell yet Ethereum was still attracting investors to buy NFT and other assets on the Ethereum Blockchain and they still paid those high fees.
The fees were higher than what we're experiencing with Bitcoin and the so called Bitcoin investors can't pay a one time fee to buy Bitcoin and hodl. Those people aren't serious about investing because if they were serious, a one time fee shouldn't stop them because they can make profits that'll give them back their fees and more
If high fees become a recurring issue, the risk of hindering Bitcoin's adoption as a medium of exchange is a real concern. I'd love to hear your thoughts on whether you believe the increase in Bitcoin fees has affected its adoption negatively or enhanced it rather.
I don't like the high fees and have my concerned like everyone else, the high fees will only make Bitcoin affordable to the elite of the world (the rich) which goes against all what Bitcoin stands for. The high fees mightn't affect the adoption of Bitcoin but it'll centralized it to only those that can afford it by paying high fees.