Post
Topic
Board Speculation
Re: This bull run is different...
by
Zanab247
on 27/10/2024, 12:23:58 UTC
I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.
I notice this low transaction fee when I sold my BTC few days ago, and i was very comfortable with the profits I made from BTC without paying a high fee like the way some sellers that is using some wallets are paying high fee in their transaction. I know very well that the gas fee of BTC don't use to remain in one place, some time, it may be high in the bull run while some time it may be low in the bull run which is what people are experiencing from BTC gas fee right now and it is causing hodlers to double up their profits.

Nice to see the price of BTC pumping higher, despite some other cryptocurrencies price are still dumping in the market which is a sign that BTC is good for hodling, because whenever you are hodling BTC in the bull season, there is a confident of making a big profit when the price push into your price expectation.