Wednesday, April 3, 2019

"The fastest and cheapest transaction fee is currently 108 satoshis/byte". BTC recommended fees just surpassed 100 satoshis/byte

source: https://bitcoinfees.earn.com/

This is this highest the recommended fee has been in recent memory. However, I suspect this is only the beginning. During the bull run of late 2017, we saw the recommended fee soar to as high as 990 satoshis/byte. I predict that in a few weeks time, 100 satoshis/byte will look incredibly cheap.

This time is different though: the market has a release valve in the form of Bitcoin Cash. During the last fee-event/bull-market, BCH was just getting started - it was still unproven. This time, BCH is battle-hardened, having withstood a massive divide-and-conquer attack. This time BCH has significantly more traction and merchant adoption.

Bottom line: rising fees are bad for BTC, good for BCH.


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