Topic: Don't Panic for the Halving Hike of Tx. It will come Down Again. (Read 187 times)
Are you talking about the large number of transactions on the Bitcoin blockchain? I don't think this transaction happens for halving; it might be due to ordinals transactions. However, a few transactions would occur from the Bitcoin investor's end. Because everyone thinks there will be pumping and moving their coins into exchange. So there is a small possibility of increasing Bitcoin transactions due to halving that isn't noticeable at all.
April 22, 2024, 02:41:24 PM
Many people were planning to buy more in the halving but situational irony caught them. But this is just a word of encouragement. You don't have to panic, the congestion, the high transaction fee will all come down within this halving foe you to purchase the number of Bitcoin you want and all want you have to do is patient and keep your money in a save place so that when the price is low then you buy.
Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
Buy in the halving what do you mean by that, do you mean to say buying the dip, if yes then one doesn't need halving before making such buy order, since bitcoin have constantly presented multiple discounted price opportunity for investors to take advantage of at regular intervals even when the block is still very far from halving.Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
So if anyone missed out on the last discounted price, they have not totally missed out as they can still easily buy at any chance as bitcoin volitility keep presenting such a opportunity.
April 22, 2024, 05:23:35 AM
Many people were planning to buy more in the halving but situational irony caught them. But this is just a word of encouragement. You don't have to panic, the congestion, the high transaction fee will all come down within this halving foe you to purchase the number of Bitcoin you want and all want you have to do is patient and keep your money in a save place so that when the price is low then you buy.
Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
The transaction fee are high this period, so it's better to be patient and wait for the fees to drop wether your sending or receiving, in any case you can test you patient and use little transaction fee and wait for how long it will take the block's to complete, but bear it in mind that mempool is congested at the moment so it will take a long time than usual for your transaction to drop, but however that shouldn't cause any panic as its just for the main time. Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
April 22, 2024, 05:12:35 AM
It is my first time experiencing the halving, a wonderful experience all what we talked about all this while. The high transaction fee came as a surprise, why no one talked about it before it happened at least it would have reduced the tension of those who haven't experienced such. I'm completely in for Bitcoin but I don't think I would pay some unreasonable amount of fee like I saw some few people did, I rather delay than spend such, every fraction of Bitcoin is worth and not qualified to spend on just fees.
April 22, 2024, 04:41:45 AM
The transaction fees will surely come down after a few days and the ones who want to invest in Bitcoin can always follow a DCA strategy and dip buying strategy to accumulate Bitcoin. The ones who want to accumulate Bitcoin should never get discouraged that they aren't able to purchase Bitcoin now because the fees are high at the moment.
A Bitcoin investors should always wait for the right time to start investing in Bitcoin so he/she can accumulate more Bitcoin with less spending. Someone who's going to invest in Bitcoin should have some patience as it's going to be a long term journey if the one who's investing in it doesn't have a lot of money to begin investing in it.
A Bitcoin investors should always wait for the right time to start investing in Bitcoin so he/she can accumulate more Bitcoin with less spending. Someone who's going to invest in Bitcoin should have some patience as it's going to be a long term journey if the one who's investing in it doesn't have a lot of money to begin investing in it.
April 22, 2024, 03:22:49 AM
That's why it is advisable to not engage in any transaction right now, as the transaction fee is too high. I bet you don't want to make a transaction where the fee is higher than what you will send or receive, right? So it most likely affects many things that are relying on the transaction network, but it can't be helped because the halving event just finished and the runes are one of the causes of this high and congested market. Anyway, you will still notice that there are people who are still doing transactions in the market and the fees are too high. I wonder what kind of person would do that; maybe they are too rich in order to afford that, or the transaction is needed to be done at all costs. Anyway, it's a waste that some of us can't do transactions right now, but let's just wait for some time. I'm sure the fees will go down to a single digit at some point.
April 22, 2024, 02:55:28 AM
The network is congested so making a transaction fee increase will not cause panic in the market because currently, the price of Bitcoin seems to be starting to reverse direction to rise, panic occurred before the halving occurred because the price had fallen quite sharply and in fact it was a good time to add Bitcoin to our bag for those who believe Bitcoin will still reach another high in some time.
Network fees will return to normal but don't be surprised when they go up again when Bitcoin passes the highest price this year, because we have seen this happen several times, and those who understand this will not panic or be surprised.
Network fees will return to normal but don't be surprised when they go up again when Bitcoin passes the highest price this year, because we have seen this happen several times, and those who understand this will not panic or be surprised.
April 21, 2024, 11:00:12 PM
No matter how stupid people who experience the level of panic when the Bearish Market will not reach the stage to sell. They will not be possible to do it (sell) because the price still does not meet the target for sale. They realize that the market is still stable for the current price level.
The highest transaction fee reached 1,216 sat/vB after Block 840000 which indicated Halving but now the Bitcoin transaction fee has dropped dramatically because the block that has not been confirmed in the gap I saw the transaction fee only 88 sat/vB.
We will return to enjoy a normal fee, so please just calm down even though many people get high fee constraints.
Using DCA in the practice of investment in Bitcoin can be used to get bitcoin from the number of dreamed.
The highest transaction fee reached 1,216 sat/vB after Block 840000 which indicated Halving but now the Bitcoin transaction fee has dropped dramatically because the block that has not been confirmed in the gap I saw the transaction fee only 88 sat/vB.
We will return to enjoy a normal fee, so please just calm down even though many people get high fee constraints.
Using DCA in the practice of investment in Bitcoin can be used to get bitcoin from the number of dreamed.
Yeah I am surprised it already came down. Because the last time those ordinals were dominating the bitcoin blockchain it lasted for months. The fees now are more reasonable, still high but if you need to send 3-4 figures they don’t seem that bad.
After the halving it was crazy high like 1000 sats which were like $150 for a simple transaction. Even Ethereum during those crazy 2017 ICO days was never this bad. Hopefully we have seen the worse for these Rune transaction spams.
After the halving it was crazy high like 1000 sats which were like $150 for a simple transaction. Even Ethereum during those crazy 2017 ICO days was never this bad. Hopefully we have seen the worse for these Rune transaction spams.
I read that it's all about the Runes and other BTC chain things that are new and it's eating up the transactions. I remember transacting and I had reached out and saw that it is really high in terms of TX fees I agree that it will come down soon and if you don't need to transact, don't do it yet. It's better to have that at a later date when the TX fee is lower.
There could be a high possibility that this is the reason because just think about what happened in Bitcoin Ordinals before when it made noise to the public, transaction fees of Bitcoin went pumped also but after that, transaction fees recovered.So for me, this is another hype in the Bitcoin network and I believe this is just temporary.
I read that it's all about the Runes and other BTC chain things that are new and it's eating up the transactions. I remember transacting and I had reached out and saw that it is really high in terms of TX fees I agree that it will come down soon and if you don't need to transact, don't do it yet. It's better to have that at a later date when the TX fee is lower.
Many people were planning to buy more in the halving but situational irony caught them. But this is just a word of encouragement. You don't have to panic, the congestion, the high transaction fee will all come down within this halving foe you to purchase the number of Bitcoin you want and all want you have to do is patient and keep your money in a save place so that when the price is low then you buy.
Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
I don't think there's a lot of people getting panic but rather they find it just a normal incident happen on bitcoin since its expected to have that huge fees if there's big changes happen on the market. Everyone understand than fees will go lower and everything goes back to normal just like what happens to it for so many times. Bitcoin price still at good figures so there's really nothing to worry about since the current market condition would not affect the emotion of people but rather they would stay waiting to see the effect after the halving occur.
For now fear is not to be seen but rather a lot of people speculating about more positive gains in future. There's still lots of good possibilities and I think majority is in focus with that then ignore those negative thoughts made by some people.
Yes it’s actually disheartening to see the bitcoin transaction once again going up and not necessarily due to bitcoin transaction volume but as a result of another shitcoin. I had thought after the ordinal’s madness which are still bothering the bitcoin network but to me will die down after the bull run and Altcoins investors are done taking their profits, we now find ourselves with another issue of Minting. Still I stand that after bull even this will no longer be a nuisance on the network, but before then the hype will even soon die down.
Not only disheartening but frustrating to think the possibility of this kind of activities repeating to disrupt the Bitcoin transaction. I believe that there is really a need for the developer to take action and prevent this kind of on-chain minting and protect the network from unnecessary congestion created by outside factors.
For anyone looking to invest and the transaction fee is a barrier then I will say wait till they die down a bit and you can simply buy your bitcoin as there is no time too late to buy it. Do not panic to buy and leave on CEXs with the intention to move them later on after the transaction fee must have reduced. It is a huge risk because no one can tell you the safety of a CEX.
True that, I do not think that the price of Bitcoin will skyrocket soon that we need to FOMO and buy it today when the price of transaction fee is skyrocketing. The increase in tx fee is not due to the coins trading/transfer volume but rather due to the minting of Rune that has nothing to do with Bitcoin market. So yeah, it makes sense to wait a bit later when the tx fee goes back to normal again so that we won't get exposed to the possible risk of losing funds when we let our fund sleep on CEX for some time.
Yes it’s actually disheartening to see the bitcoin transaction once again going up and not necessarily due to bitcoin transaction volume but as a result of another shitcoin. I had thought after the ordinal’s madness which are still bothering the bitcoin network but to me will die down after the bull run and Altcoins investors are done taking their profits, we now find ourselves with another issue of Minting. Still I stand that after bull even this will no longer be a nuisance on the network, but before then the hype will even soon die down.
For anyone looking to invest and the transaction fee is a barrier then I will say wait till they die down a bit and you can simply buy your bitcoin as there is no time too late to buy it. Do not panic to buy and leave on CEXs with the intention to move them later on after the transaction fee must have reduced. It is a huge risk because no one can tell you the safety of a CEX.
For anyone looking to invest and the transaction fee is a barrier then I will say wait till they die down a bit and you can simply buy your bitcoin as there is no time too late to buy it. Do not panic to buy and leave on CEXs with the intention to move them later on after the transaction fee must have reduced. It is a huge risk because no one can tell you the safety of a CEX.
Many people were planning to buy more in the halving but situational irony caught them. But this is just a word of encouragement. You don't have to panic, the congestion, the high transaction fee will all come down within this halving foe you to purchase the number of Bitcoin you want and all want you have to do is patient and keep your money in a save place so that when the price is low then you buy.
Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
Nothing which we are experiencing today is never new to us old Bitcoin investors, as that's how the transaction fee has always skyrocketed and then later gone back to normal, which I'm sure this case is not going to be any different, as this is either likely to take time or okay sooner. Hence, I think this information should be directly channeled to newbies who may be experiencing this for their first time to not worry, as the fee will surely come down, because at the moment of writing this post, I was able to have a check on mempool.space, for recent transaction fee, and could noticed that the fee has drop abit as for "Low Priority" transaction it's fee is 91 sat/vB, e.t.c, as shown below Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
I don't think they panicked to sell maybe last week when bearish but right now the market looks pretty stable at around 64k.
And about the fees it is due to runes currently in the minting process which is why the transaction fees are still expensive maybe once most of the runes are done in the minting process, we should see the transaction fees would go back to normal.
DCA is a good practice for spot trading and hold it until we see the $100k level let's hope to see this price in November or December.
And about the fees it is due to runes currently in the minting process which is why the transaction fees are still expensive maybe once most of the runes are done in the minting process, we should see the transaction fees would go back to normal.
DCA is a good practice for spot trading and hold it until we see the $100k level let's hope to see this price in November or December.
Many people were planning to buy more in the halving but situational irony caught them. But this is just a word of encouragement. You don't have to panic, the congestion, the high transaction fee will all come down within this halving foe you to purchase the number of Bitcoin you want and all want you have to do is patient and keep your money in a save place so that when the price is low then you buy.
Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
Don't panic but be calm and all will be well. You will acquire your dream amount of Bitcoin. I wish you all the best. Happy Halving to You All.
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