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Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: May 09, 2024, 10:03:12 PM »Well, that's the only choice if the investor is purchasing BTC using DCA method with a small amount. Instead of spending the little amount purchased only to fees, it's better to keep or hold it a little long in the exchange. This plan would be fine as long as there's still a plan to transfer it to his own wallet until the fees have decreased. It can be either target a certain amount of purchased (twice or more) before he transfer it to minimize the cost of transaction fees.In my opinion, there is no harm in storing BTC temporarily in an exchange wallet, as long as transaction fees are still high and waiting a few months is not a burden for a holder. Exchange wallets are also not as bad as you might think, as long as you don't store BTC there for a very long time. Just wait for normal transaction fees to return, then you can immediately purchase BTC to store in your personal wallet.To manage high fees transaction by sending bitcoin currently hold it awhile in exchange wallet and keep purchasing without waiting lower fees decreasing, after having more sent it once in your own wallet if not really trusted with exchange wallet. I think transaction high fees of bitcoin sending is fluactive some time high and other time get lower, take advantage for sending after fees decreasing and don't stop keep purchasing bitcoin behind price get correction.
In fact, high fees will only prevent us from selling BTC, and that is in accordance with what we are doing, namely holding for longer. As long as there is still a positive trend regarding BTC price movements, high transaction fees will only have a significant effect on people who frequently use it for transactions.
High fees of bitcoin transaction just taking few days only as usually, then we got chance with lower fees and most faster take time for transaction when sending bitcoin.