Mempool Observer - Discussion about Bitcoin Fees

[Stompix]

I will wait a little more. I believe we will see 1 sat vB soon! Maybe in a few months.

Not with stuff like this:


I had a topic on Bitcointalk, exactly on this title, when we will see 1sat/b , everyone was pessimistic and then it happened in one month.
But, right now I think that 1sat/b is just too cheap, blocks in the weekend were at around 5k in fees, so if it still goes down it could be less than that, a point at which all this world full of people with a ton of money throwing it at random stuff might find it funny to get their own block inscription.

Let's say it will cost me $2000 to inscribe a block "stompix was here" of course my real name, my glorious results, my achievements, my name to be remembered forever in the blockchain...Now, how many idiots thinking the same thing and having more than $2000 to spare do you think there are in the world? Cause I know a lot that have thrown tens of thousands at jpg cats.

[hugeblack]

I will wait a little more. I believe we will see 1 sat vB soon! Maybe in a few months.

If Bitcoin price correction continues between $50,000 and $60,000, we may see 1 sat/vB, assuming that a few will sell and the purchase transactions will be via CEXs that batch the transactions. We also do not expect to see any BRC-20 spam.
If the average Bitcoin mining continues for less than ~9.1 minutes, we may see it for some blocks.

[bitmover]

Let's say it will cost me $2000 to inscribe a block "stompix was here" of course my real name, my glorious results, my achievements, my name to be remembered forever in the blockchain...Now, how many idiots thinking the same thing and having more than $2000 to spare do you think there are in the world? Cause I know a lot that have thrown tens of thousands at jpg cats.

What is somewhat bizarre is that bitcoin is becoming a blockchain for nft. Cheaper than ethereum main net.

And there are many people receiving lots of airdrops. People who made inscriptions with their bitcoins are receiving hundreds/thousands of dollars in airdrops.

I didnt make any bitcoin nft, but people are making money out of it for now.

[examplens]

What is somewhat bizarre is that bitcoin is becoming a blockchain for nft. Cheaper than ethereum main net.

And there are many people receiving lots of airdrops. People who made inscriptions with their bitcoins are receiving hundreds/thousands of dollars in airdrops.

I didnt make any bitcoin nft, but people are making money out of it for now.

What is even more bizarre is that it is only a current trend and in a year, most of the NFT on bitcoin will be worthless.

[pacar_tiri]

What is even more bizarre is that it is only a current trend and in a year, most of the NFT on bitcoin will be worthless.

It is natural that NFTs on the bitcoin network will soon end because the main purpose of bitcoin is not to create NFTs and it could be said that NFTs are just hype that is trending only for a moment, there are already many like that, including on other networks.

[dkbit98]

What is somewhat bizarre is that bitcoin is becoming a blockchain for nft. Cheaper than ethereum main net.

That just shows how bad ethereum is.

And there are many people receiving lots of airdrops. People who made inscriptions with their bitcoins are receiving hundreds/thousands of dollars in airdrops.

Nobody is receiving this by doing anything.
You need to participate and be active in this crap, and you will receive a lot more scam, spam and worthless nft crap.

[bitmover]

What is somewhat bizarre is that bitcoin is becoming a blockchain for nft. Cheaper than ethereum main net.

That just shows how bad ethereum is.

Yeah, this is really impressive.

I own some ethereum, and I converted some of my funds from Sinbad to Ethereum for privacy purposes. however, I am considering swap them now for BTC or SOL.

maybe a little SOL ( to buy more btc later)

[Stompix]

If Bitcoin price correction continues between $50,000 and $60,000, we may see 1 sat/vB, assuming that a few will sell and the purchase transactions will be via CEXs that batch the transactions. We also do not expect to see any BRC-20 spam.
If the average Bitcoin mining continues for less than ~9.1 minutes, we may see it for some blocks.

If the price rise hasn't made anything significant happen to the fees I doubt the downtrend would do either, this is something normal in my opinion, the price moving up and down, and sideways we're going to see the same number of tx.

I don't know where you got the 9.1 minutes, I assume that's something daily?
Pace this epoch (since 14th march) has been almost always negative, currently 28 blocks behind.

It is natural that NFTs on the bitcoin network will soon end because the main purpose of bitcoin is not to create NFTs and it could be said that NFTs are just hype that is trending only for a moment, there are already many like that, including on other networks.

Natural? No!
Things end when there is no demand for it, no demand for Bitcoin NFT at all will never happen!
People used to inscribe a lot of stuff in the blockchain well before NFTs, so this will never truly end, it might go down in size but it won't disappear!

[examplens]

I own some ethereum, and I converted some of my funds from Sinbad to Ethereum for privacy purposes. however, I am considering swap them now for BTC or SOL.

maybe a little SOL ( to buy more btc later)

I remember that some time ago you wanted to leave Litecoin because it was unreliable or even too unstable. I would never choose Ethereum over LTC. Otherwise, Litecoin had a growth of about 30% in the last month.

[bitmover]

I own some ethereum, and I converted some of my funds from Sinbad to Ethereum for privacy purposes. however, I am considering swap them now for BTC or SOL.

maybe a little SOL ( to buy more btc later)

I remember that some time ago you wanted to leave Litecoin because it was unreliable or even too unstable. I would never choose Ethereum over LTC. Otherwise, Litecoin had a growth of about 30% in the last month.

But litecoin performance is even worse in long term
It used to be rank top10 a few years ago  and is now about 30 or something.

It is losing much more value against bitcoin than ethereum is..

[pacar_tiri]

But litecoin performance is even worse in long term
It used to be rank top10 a few years ago  and is now about 30 or something.

It is losing much more value against bitcoin than ethereum is..

A digital currency project like Litecoin must have developments from year to year, always updating technology so that it will increase interest in Litecoin, but if the developer doesn't want to do that then it is certain that Litecoin will always remain silent and no one will be interested anymore.

[Stompix]

But litecoin performance is even worse in long term
It used to be rank top10 a few years ago  and is now about 30 or something.

It is losing much more value against bitcoin than ethereum is..

Doge has overtaken it or overshadowed it, not sure what term to use.
Since merge mining they became entangled, after that faster and cheaper fees have made dogecoin the king of pow if we ignore bitcoin, then the userbase, we add the availability of speeding gateways and litecoiin has absolutely no advantage over so much wow much great coin doge.
Everything that litecoiin was doing better as bitcoin acting like silver to gold, doge does it even better.
So, it has lost it's main selling point, it will be a slow death but it's going after long forgotten names, dash?? for example!

Also, unusual spike on friday but fees are back at 9, seems like there is simply no demand, despite a ton of monkeys still being minted.

[Legion]

But litecoin performance is even worse in long term
It used to be rank top10 a few years ago  and is now about 30 or something.

It is losing much more value against bitcoin than ethereum is..

A digital currency project like Litecoin must have developments from year to year, always updating technology so that it will increase interest in Litecoin, but if the developer doesn't want to do that then it is certain that Litecoin will always remain silent and no one will be interested anymore.

I am sure that Litecoin will still survive even though the development it has has is not as much as other projects because Litecoin is a digital currency that was created at a very old age, so I am sure that the CEO developer is very afraid of taking risks to carry out new developments.

[bhadz]

But litecoin performance is even worse in long term
It used to be rank top10 a few years ago  and is now about 30 or something.

It is losing much more value against bitcoin than ethereum is..

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.

[bitmover]

But litecoin performance is even worse in long term
It used to be rank top10 a few years ago  and is now about 30 or something.

It is losing much more value against bitcoin than ethereum is..

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.

I use litcoin sometimes too. I don't know why it is performing so badly.. ethereum is alos having a poor performance for the last month