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Author Topic: Mempool Observer - Discussion about Bitcoin Fees  (Read 6234 times)

Offline Yamane_Keto

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Re: Mempool Observer - Discussion about Bitcoin Fees
« Reply #120 on: April 02, 2024, 02:22:49 PM »
The basis for that is the market cap and volume and I agree that if it's. But if it's about the use case of it, I still enjoy it using for transactions. I guess that we'd get to see it drop some more of the ranks as it seems to be dropping and can't soar unlike the other cryptos. If it's about long term, I'd still pick this than any of the memes.
Circulating supply for many cryptocurrencies can be easily manipulated. As for Litecoin, the coin is still in good stead but its use cases are limited which make its value diminish. Low fees are the only advantage of LTC but even Bitcoin (in these days) you can broadcast a transaction for 15 sat/vByte and get confirmation in less than 20 min.

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Re: Mempool Observer - Discussion about Bitcoin Fees
« Reply #120 on: April 02, 2024, 02:22:49 PM »

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Re: Mempool Observer - Discussion about Bitcoin Fees
« Reply #121 on: April 02, 2024, 04:06:53 PM »
Low fees are the only advantage of LTC but even Bitcoin (in these days) you can broadcast a transaction for 15 sat/vByte and get confirmation in less than 20 min.

But $1.5 plus $1.5 and multiplied by 50 weeks a year starts pending in anyone's wallet.
I'm saying twice 1.5$ because if you send some coins the guys receiving them has also to pay to use them as it's not a bank deposit, then if you have multiple outputs and so on, if your CEX is a shitty one that charges more for BTC than LTC or Doge (cough , Binance) you look back at a year of expenses and you realize even 2$ for a tx is too much for random weekly usage.

And I think daily or weekly usage is dead on Bitcoin, we have sky-high prices compared to 3 months ago, fees have flattened despite half of the block space being used by ordinals and consolidation, I think that most deals have shifted to stablecoins as not only fees but volatility has also become a pain in the ass

Anyhow, finally, the mempool is not during above 1.30sat/vb for the default 300MB settings, two more weekends and nothing out of the ordinary and we might see 1sat/vb not being rejected by default nodes.



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Offline IvugeoEvolutionCoin

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Re: Mempool Observer - Discussion about Bitcoin Fees
« Reply #122 on: April 13, 2024, 10:27:18 AM »
The basis for that is the market cap and volume and I agree that if it's. But if it's about the use case of it, I still enjoy it using for transactions. I guess that we'd get to see it drop some more of the ranks as it seems to be dropping and can't soar unlike the other cryptos. If it's about long term, I'd still pick this than any of the memes.
Circulating supply for many cryptocurrencies can be easily manipulated. As for Litecoin, the coin is still in good stead but its use cases are limited which make its value diminish. Low fees are the only advantage of LTC but even Bitcoin (in these days) you can broadcast a transaction for 15 sat/vByte and get confirmation in less than 20 min.
LTC is currently one of the oldest cryptocurrency projects still alive, the project they have this year doesn't seem to be of much use to many people but still remains to this day is a very good value. Litecoin must continue to develop to keep increasing its use.

 

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