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Author Topic: BTC has not escaped December price dump.  (Read 747 times)

Offline Captain Corporate

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Re: BTC has not escaped December price dump.
« Reply #15 on: January 20, 2024, 01:57:54 AM »
Miners are really the least guilty part here, they do not really decide on the fee. They do not say "give me 100 or I won't mine", they say "I will mine the highest bidder first", so if the highest bidder is 2 dollars, miners will have to get that, if it is 100, then they will get that. Its not even really the ordinals neither, that's not really the cause, they do use a lot, but by logic, if ordinals leave, and we still do transactions to cover the difference, then we are back at square zero. So what we need right now is either a change i nteh system, like more transactions per block, or something like that, OR we need to just stop with transactions for just a few days, a week max, and it will mine every clogged one, and only the fresh ones will be left, and do this for like once a year to make it go back to good levels. Which I know won't happen, but its a great method if we could have done it.

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Re: BTC has not escaped December price dump.
« Reply #15 on: January 20, 2024, 01:57:54 AM »

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Re: BTC has not escaped December price dump.
« Reply #16 on: January 30, 2024, 09:53:50 PM »
The price correction after ETF approval was a surprise to many of us. Although, my surprise didn't last long until I concluded that whales and the institutional traders were dumping the market to be able to buy more. But then, the market has continued in the decline lane. This is a clear example that the market cannot be effectively predicted. Let's just be hopeful and buy more if possible. It seems the better days are still ahead.
beyond predictions, and that is clear and real even though the ETF earned quite a lot of Bitcoin in a week, but as you said, there are those who are looking for opportunities in new things, so when it happens, it is inevitable that Bitcoin will be corrected. It is clear that the market is difficult to predict because there are many problems at play in every movement, but fortunately it is currently recovering, even though it is not yet optimal. The influence of the approaching halving era is also unavoidable.Hopefully the days ahead will continue to get better, and of course, that is eagerly awaited.​
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Offline JoyMarsha

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Re: BTC has not escaped December price dump.
« Reply #17 on: February 22, 2024, 11:23:59 PM »
Surprisingly, we have not escaped the December dump. While we escaped the Christmas day dump, I thought that we have escaped the whole December seasonal correction drama because, obviously it is just few days to the new year from the 25th December.
From December last year, till this time(February this year), so many of us have anticipated the price of bitcoin to fall at least to acquire more of it, but the longer we wait for it to happen, it keeps disappointing us by increasing in price, and the price increase seems to continued since the bitcoin ETF was approved. Very soon Bitcoin halving would start, and the price decrease would come when the halving and the bull run are far from over ''Probably by 2027"

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Re: BTC has not escaped December price dump.
« Reply #18 on: February 24, 2024, 09:09:37 AM »
Those that are making the BRC20 tokens transactions are not the ones gaining from the fee, bitcoin miners are the one making profit from the fee.
When NFTs started, they were on the Ethereum blockchain, but as fees increased, we found that they moved to polygon, BSC, which is exactly what will happen to Ordinals and BRC20 tokens, as they will turn into something ordinary that has no increasing value, which will put pressure on issuers to try to reduce fees, which will make them move to sidechains and the Lightning Network.
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