Yeah it definitely is exciting but this over excitement of holders not patient enough is what has caused drastical increase in fees. Take a look;
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In just a space of about 6 hours just because people are rushing to move their Bitcoins to exchanges and quickly make profit off it. However the fees will go back to normal though once the rush has subsided.
This is not all about "lack of patience" or wanting to "dump" because price went up. A lot of these transactions are from day traders wanting to increase their bitcoin wealth during a more volatile period. They are not selling, they are trading.~
In just a space of about 6 hours just because people are rushing to move their Bitcoins to exchanges and quickly make profit off it. However the fees will go back to normal though once the rush has subsided.
For example you move your trade funds to the exchange and sell when price reaches the short term peak like at $50385 and then place your buy orders at lower prices to buy more when it dips like after going back to $49760 (the dip after) that way you make about 1% profit.
If these ups and downs are bigger, you make more profit. It is a risky trading strategy but something that is used. After all price doesn't go up in a straight line, it goes up like this:
