⭐ Merited by Obari (2)
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;
FROM
TO
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.
FROM
- fastestFee: 11 sat/vB
- halfHourFee: 11 sat/vB
- hourFee: 11 sat/vB
- economyFee: 8 sat/vB
- minimumFee: 4 sat/vB
TO
- fastestFee: 53 sat/vB
- halfHourFee: 48 sat/vB
- hourFee: 42 sat/vB
- economyFee: 10 sat/vB
- minimumFee: 5 sat/vB
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.
I agree with you but what do you expect from those who are not patient? The excitement has to be but my major concern is how badly it's still affecting business (transaction fee), things hasn't been the same ever since transaction fee went crazily high, is like a nightmare that won't come to an end.
Sometimes is like it should just be as it were before, traders some how prefer when it hasn't gotten to $40k when the fee was normal and now that it has gotten to the amount we are hoping to see things just went out of hand, let's see how the fee would be like before the remaining part of this month.