Topic: Road to 1sat/vb! Destination in sight? - page 4. (Read 1022 times)
The fees are indeed very cheap lately. Some people probably think it is happening because less people are using bitcoin. That might actually be true but you can also take advantage of that moment and consolidate your inputs because tomorrow people may again like bitcoin a lot. These market cycles happen all the time it is nothing new. Bitcoin dumps, nobody likes it, fees go down… bitcoin rises, everyone likes it, fees go up. Right now it is time to accumulate and consolidate…
6sat/vb or 50 cents for a simple tx is normal now, will we see it 6 times cheaper?
How long do you think it will take to reach this target? Days, weeks, months?
I'm so optimistic I will say two weekends from now!
How long do you think it will take to reach this target? Days, weeks, months?
I'm so optimistic I will say two weekends from now!
I agree. I also think we will see 1 Sat/vB soon!!
Look at transactions from feebuddy now
- fastestFee: 7 sat/vB
- halfHourFee: 7 sat/vB
- hourFee: 7 sat/vB
- economyFee: 4 sat/vB
- minimumFee: 2 sat/vB
Nobody can say when, but it is likely we will see 1 sat vB within some months from now
Fortunately, we don't see it on Bitcoin blockchains and your logic is broken.
What part of my logic is broken?
He said that Bitcoin reaching an ATH will trigger higher fees, he posted a graph that shows that during an ATH fees went down!
So, whose logic is broken here?
If there is no transaction in many Bitcoin blocks, what does it mean?
The Bitcoin blockchain, at that time, is more like a dead blockchain similarly to many altcoin blockchains.
The Bitcoin blockchain, at that time, is more like a dead blockchain similarly to many altcoin blockchains.
It's you with a broken logic!
If you have empty or half empty blocks it doesn't mean the chain is broken or dead, otherwise Bitcoin would have been dead from 2009 till 2023!
Was Bitcoin broken 18 months ago?
https://mempool.space/block/00000000000000000004ea65f5ffe55bfc0adbc001d3a8e154cc9f19da959ba8
They didn't on the last ATH at 72k in March according to your own graph, so why would they move coins at the other ATH?
ATH or not, there are always Bitcoin transactions in Bitcoin blocks except barely seen empty blocks.If there is no transaction in many Bitcoin blocks, what does it mean?
The Bitcoin blockchain, at that time, is more like a dead blockchain similarly to many altcoin blockchains.
Fortunately, we don't see it on Bitcoin blockchains and your logic is broken. People have many reasons to move their bitcoins and no reasons why they should not move their bitcoins around ATH price range.
Even though the fees are down from time to time, but I don't think it will down to 1 sat/vbyte because Bitcoin is going to bullish in the next few months, so the fees would increase since people might sell Bitcoin at the ATH.
They didn't on the last ATH at 72k in March according to your own graph, so why would they move coins at the other ATH?
You need to wait at least a year and half when Bitcoin is in bear season.
Bear market is mostly boring for most of us and demands to purchase Bitcoin, trade it or move it in bear market is usually significantly lower than in bull market. What you said is true but I bet that except if you plan to wait for bear market to purchase more bitcoin or fraction of bitcoin, you will less likely want to see a bear market.Zoom out and see Bitcoin mempools recent years, since 2017
OP can read my thread and apply some tips if see fit.
The mempool was empty in October 2023, after that transactions with 1 sat/vbyte fees weren't confirmed till now. Even though the fees are down from time to time, but I don't think it will down to 1 sat/vbyte because Bitcoin is going to bullish in the next few months, so the fees would increase since people might sell Bitcoin at the ATH.
You need to wait at least a year and half when Bitcoin is in bear season.
You need to wait at least a year and half when Bitcoin is in bear season.
After months of constantly checking the mempool, calculating fees, waiting for weekends, using coin control to save $2-3 on each tx, finally I can see the light, fees are down to just 6 sat/vb, and finally seems like there is no more spam! Not even these market swing haven't pushed people to move coins from and to exchanges, the mempool will be hopeful soon drained and we can finally not care anymore about sending even a few tens of dollars worth of BTC, consolidate our inputs with pennies and not having stuck funds cause somebody was a cheap bastard!
6sat/vb or 50 cents for a simple tx is normal now, will we see it 6 times cheaper?
How long do you think it will take to reach this target? Days, weeks, months?
I'm so optimistic I will say two weekends from now!
6sat/vb or 50 cents for a simple tx is normal now, will we see it 6 times cheaper?
How long do you think it will take to reach this target? Days, weeks, months?
I'm so optimistic I will say two weekends from now!
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