Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Will always Survive
by
oktana
on 31/05/2024, 23:06:27 UTC
At certain moments? Bitcoin transaction fees are always a little expensive. But despite how much the fee gets too, it beats the banks because the transaction fees is the price you pay for owning your money. And it’s not necessarily faster because it depends on how much transaction fees you’re willing to pay. The more you pay the faster it is, less you pay then prepare to receive the Bitcoin you transferred but in 12 hours or more.

Not always. Only when there's hype. After the dust settles, fees go back to acceptable levels. The Ordinals and halving craze can't last forever. If you're smart, you'd take advantage of the low fees to open a channel on the Lightning Network. You won't have to worry about fees rising anymore, as fees on the LN stay low forever. Assuming the channel stays open until on-chain fees decline again.

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I think that I used the right words, that’s why I said “always A LITTLE expensive”. Outside being a little more expensive is it being very expensive like when the fees grew as much as $50. I’m not sure if we can get the fees to be as low as a few cents, but despite what the fees are, it’s worth the decentralization. It’s just not realistic for lower amounts at that point.