Quote from: Coin_trader on May 01, 2024, 03:46:42 PM

Bitcoin transaction fee is already back to the level which is tolerable to send transaction without hurting your pocket. Bitcoin is now being use mostly for investment purposes and rarely for payment especially micro transactions ever since the fee gone high.

I doubt Litecoin can be a Bitcoin alternative since people purchased Bitcoin due to its price potential to grow due to demands. If small fee is being considered here for transactions then there’s a lot of altcoins that has a cheaper fee that perfect even for micro transactions.

The cost of us spending on transaction becoming cheaper, was the price of bitcoin itself, which is quite sad really because I rather spend a lot more money on transactions to keep the price high. I rather pay 40+ dollars per transaction to see bitcoin go back to over 70k again.

However, it is what it is and there is nothing that we can do, so there isn't really anything that we could take a look at and consider as a good thing, just let it be and we are going to have a market that will decide which one they will prefer. I believe that the price will go up eventually anyway, its not going to be that simple, we just need to arrange a situation where it will not be all that quick to sell, keep holding and we will do fine in the end.