Quote from: Bureau on April 23, 2024, 06:52:17 AM

Quote from: jrrsparkles on April 23, 2024, 06:22:50 AM

Especially after this halving the TX fees to make Bitcoin transactions is too much and unfair that we need to spend $25 or higher which means people who make frequent crypto transactions but want their transactions to be recorded on the blockchain will definitely see some altcoin as an alternative or at least until the fee becomes normal of BTC network which means the some of the coins will be actually adopted for payments which is great than just being used as bump and dump assets.

The transaction fees on the Bitcoin network are insanely high and I do not think anyone can make small payments now. The Ordinals have again started spamming the network causing congestion and an increase in fees. Altcoins are following the Bitcoin price path and it seems they will move in the same manner for some time now. If Bitcoin goes up they follow it, if it goes down they also go down there nothing else happening.

Small payments are still possible but of course as long as you are willing to pay the transaction fees, however I know that it is seems it doesn't make sense for a poor person to do that but for a rich people, the amount that we think is huge are still small for them. So, it was the ordinals are responsible for the rise in fees?

I thought it was because of the halving like what other people are saying? But maybe you are right because halving is not like this before. Alts and BTC are moving all together. This is not new and I think it will be like this forever. Halving had occurred in April 19, so the OP supposed to know already if what happened to altcoins or even to BTC.