from this it can be concluded that changing bitcoin fees should not be an obstacle to bitcoin adoption. For those who transact Bitcoin with small amounts, it's a good idea to pay attention to the time because you will definitely find the best time to process your Bitcoin transactions.
I won't agree with you. Changing Bitcoin fees is an obstacle to real adoption. We are unable to use Bitcoin as a payment method when fees increase. We can't wait to see when fees will be reduced and then make the transaction. For investors, fees won't be a factor; they will make transactions when fees are reasonable. But the real Bitcoin goal is to create a global payment solution without centralised involvement, where we are failing due to high fees. I tried a week ago to make a payment to Namechap, where I needed $17 in transaction fees to transfer $50. So it's clearly unrealistic and an obstacle to real adoption. 
Topic: bitcoin fees and how we accept its volatility - page 3. (Read 383 times)
Very nice, so what happened to make the fees go down?
Anyway good chance I hope the fees stay this low for a long time, I have postponed all my transactions and it looks like I will get them done before the fees go up again.
Anyway good chance I hope the fees stay this low for a long time, I have postponed all my transactions and it looks like I will get them done before the fees go up again.
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Just a few days ago, I also made a statement somewhere, saying that this high transaction fee of Bitcoin will definitely reduce, which it did. Some Bitcoiners, mostly new investors, and also those that were spending just a small fraction of Bitcoin, could not actually bear the high transaction fee.
Some people used the lighting network to overcome the high fee, while those who don't have the LN, like myself, surfer the high transaction fee, and it almost led me to take the decision to not accept Bitcoin payments in my shop because customers were not ready to cover the fees. It's a good thing that the fee has reduced; it has also been an experience for some new Bitcoin investors. At least if this kind of high fee issue arises anytime in the future, they will know it's temporary and will not give ears to FUD.
Some people used the lighting network to overcome the high fee, while those who don't have the LN, like myself, surfer the high transaction fee, and it almost led me to take the decision to not accept Bitcoin payments in my shop because customers were not ready to cover the fees. It's a good thing that the fee has reduced; it has also been an experience for some new Bitcoin investors. At least if this kind of high fee issue arises anytime in the future, they will know it's temporary and will not give ears to FUD.
The fee was really something else over the past few weeks but I could not even get hold of how the fee was moving as I hardly conduct a transaction on the blockchain network this period, I don’t want my transaction to get stock and I have also lot have need to make any transaction on the bitcoin network.
If the fee can drop down like this and keep on going down then it will be a good thing for those who use bitcoin for payment on a daily basis, back then when the fee pump high like this did few months to the end of last year the fee after some time drop back down on its own but this last experience took longer than the previous one and I just hope we this one last a little bit longer and just the ordinals going for break of any kind.
If the fee can drop down like this and keep on going down then it will be a good thing for those who use bitcoin for payment on a daily basis, back then when the fee pump high like this did few months to the end of last year the fee after some time drop back down on its own but this last experience took longer than the previous one and I just hope we this one last a little bit longer and just the ordinals going for break of any kind.
Funny enough, I actually just checked the price on mempool few minutes ago and also found that the price has reduced and I came to the notion that the massive withdrawal during this festive period might also be a contributory factor to why the price was so high. The price a few days back was wildly crazy as I was that transaction were posted on a staggering 200-210statoshi per fee and now after all the hurdles the price is currently down to a very low 17-34 stats, so what you said is notable because you can actually check to follow up to actually know when it's good to do your transaction to avoid high fee charges.
greetings to all friends, last December was a pretty bad month for all bitcoin users and also those who actively transact with bitcoin because bitcoin fees were really suffocating, even the highest fee i saw reached $20, this caused a lot of topics to be discussed. discussing this phenomenon, a few minutes ago i accessed the mempool and found that the bitcoin fees listed there were very cheap when compared to last December 2023,
from this it can be concluded that changing bitcoin fees should not be an obstacle to bitcoin adoption. For those who transact Bitcoin with small amounts, it's a good idea to pay attention to the time because you will definitely find the best time to process your Bitcoin transactions.
from this it can be concluded that changing bitcoin fees should not be an obstacle to bitcoin adoption. For those who transact Bitcoin with small amounts, it's a good idea to pay attention to the time because you will definitely find the best time to process your Bitcoin transactions.
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