Post
Topic
Board Speculation
Re: This bull run is different...
by
As-Soon-As
on 28/10/2024, 12:42:30 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.

It is most important to check Mempool during Bitcoin transactions only, because checking like this will save you a lot of transaction fees. We have to be most careful in Bitcoin transactions because most of the times people fall into the highest transaction risk and high fees due to ignorance. But I think it's best to go with Mempool for Bitcoin transactions and get an idea of transaction fees.