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Author Topic: Is Bitcoin network going to get more congested in halving time?  (Read 1129 times)

Offline IvugeoEvolutionCoin

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #30 on: February 04, 2024, 11:22:53 AM »
During bitcoin halving and bullish season I think the traffic will congested.
But investors don't care, because their asset will be more valuable.
So, fee is no matter.
The more transactions there are, the more dense and congested the blocks in the mempool are waiting for confirmation by miners.
If miners prioritize the highest sat/Vb fees then the lowest transactions have to wait for confirmation to finish first with expensive sat/Vb fees.
Miners are also humans and they are also looking for the most expensive fee to look for and the cheapest will end up or be at the back of the queue.

Maybe according to the topic, when the "Halving" occurs, Bitcoin transactions will create a bit of a traffic jam, even more traffic jams if you add minting tokens on BRC20 such as ORDI and 1000Sats.
Currently Bitcoin transactions are increasing due to the influence of the seconds approaching the halving which will occur in the next few days. Cheap fees will usually be executed in more than 1 day or even up to 1 week, as you mentioned it is better when making transactions Bitcoin uses quite high fees. Currently Altcoins are an important consideration for carrying out transactions with low fees and transactions that are still fast.

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #30 on: February 04, 2024, 11:22:53 AM »

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Offline legend45

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #31 on: February 04, 2024, 11:33:28 AM »

Currently Bitcoin transactions are increasing due to the influence of the seconds approaching the halving which will occur in the next few days. Cheap fees will usually be executed in more than 1 day or even up to 1 week, as you mentioned it is better when making transactions Bitcoin uses quite high fees. Currently Altcoins are an important consideration for carrying out transactions with low fees and transactions that are still fast.


Yeah ,  we should choose atlcoins which low fees and fast transaction, maybe TRX, XRP, LTC could be solutions.
Bitcoin fee is so high now.  Approaching halving bitcoin , bitcoin transaction fee is so high, it will more high again because traffic will increase.

Offline de_prof

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #32 on: February 05, 2024, 02:30:09 AM »

we should choose atlcoins which low fees and fast transaction, maybe TRX, XRP, LTC could be solutions.
Bitcoin fee is so high now.  Approaching halving bitcoin , bitcoin transaction fee is so high, it will more high again because traffic will increase.


Before bitcoin halving , bitcoin transaction fee is so high, maybe when halving it will be more high again.
Bitcoin network will congeste during halving.
I agree with you, altcoins which lowest price could be solution, such as TRX, XRP, LTC.

Offline masudginanjar

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #33 on: February 05, 2024, 06:31:44 AM »
Currently Altcoins are an important consideration for carrying out transactions with low fees and transactions that are still fast.
But make no mistake because there are many investors who want Bitcoin to become their favorite coin.
No matter how expensive the transaction costs are, these rich investors usually send Bitcoin very quickly.

Whales investors don't trust altcoins because these altcoins are full of manipulatives.
They trust Bitcoin more because we can confirm that Bitcoin has a high Hive.
Many events and platforms that have a privacy basis use Bitcoin for payment and this has been done for a long time.
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Offline Wiseman

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #34 on: February 05, 2024, 09:13:19 AM »

we should choose atlcoins which low fees and fast transaction, maybe TRX, XRP, LTC could be solutions.
Bitcoin fee is so high now.  Approaching halving bitcoin , bitcoin transaction fee is so high, it will more high again because traffic will increase.


Before bitcoin halving , bitcoin transaction fee is so high, maybe when halving it will be more high again.
Bitcoin network will congeste during halving.
I agree with you, altcoins which lowest price could be solution, such as TRX, XRP, LTC.
You forgot about wrapped bitcoins, which are now available on most blockchains with very low fees and no matter how much a bitcoin transaction costs when it is shared, you can always use another blockchain to buy and sell bitcoins by spending just a few cents.
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