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Author Topic: Is Bitcoin network going to get more congested in halving time?  (Read 1130 times)

Offline Mrbluntzy

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #15 on: January 31, 2024, 12:22:26 AM »
I was reading a post which mentioned that Bitcoin network will get more congested during halving time. This means that Bitcoin transaction fees will again increase by good amount at that time. This can balance the positive impact of halving on Bitcoin prices and can keep the Bitcoin prices in check. So will Bitcoin prices remain unchanged even after halving because of this?

Even if the network gets congested during Bitcoin halving day, I doubt that it will cause the transaction fee shot up like like it did last month. In the past month, what caused the transaction fee to spike was because of the case ordinal. Since it has been resolved for now, there will be no high fee.

In the aspect of Bitcoin price, I am believing that the price might around $55k during the halving or after the halving.
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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #15 on: January 31, 2024, 12:22:26 AM »

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #16 on: January 31, 2024, 05:25:30 AM »


Well, congestions can happen if there will be more transactions than usual, as we have seen in the past. I am hoping though that this coming halving can be different or maybe the rise of transactions can still be handled stably by the network. At any rate, I would still be excited to see how BTC will be performing during and after the halving. Now, in case there can be a high level of congestions, will that be affecting the transaction fees? I would say it would not be automatic but it can be a factor...let's see how things will play out this time around. The best thing to do is to avoid doing any Bitcoin transaction as the halving is coming and maybe if there are things you need to do then do it now...and this is what I would do.

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #17 on: January 31, 2024, 06:12:32 AM »
I was reading a post which mentioned that Bitcoin network will get more congested during halving time. This means that Bitcoin transaction fees will again increase by good amount at that time. This can balance the positive impact of halving on Bitcoin prices and can keep the Bitcoin prices in check. So will Bitcoin prices remain unchanged even after halving because of this?
Since 2024 is our Bitcoin halving year and there are only a few months left, this halving of Bitcoin will happen. Hence we can say that there is a possibility of more crowding and selling price will increase more. We've seen Bitcoin price change a lot at the start of the new year and its momentum has always been on the upswing. Especially in the month of April when the Bitcoin Hill will happen we will see the price of Bitcoin increase a lot and it is expected to have the highest growth. When Bitcoin halves then Bitcoin price will be more volatile we can say for sure and next year after halving the market will start bull run. When the bull run starts in the market, the price of bitcoin will increase more and it will increase so much that it will reach the maximum height.

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #18 on: January 31, 2024, 09:27:49 AM »
I was reading a post which mentioned that Bitcoin network will get more congested during halving time. This means that Bitcoin transaction fees will again increase by good amount at that time. This can balance the positive impact of halving on Bitcoin prices and can keep the Bitcoin prices in check. So will Bitcoin prices remain unchanged even after halving because of this?


Transaction fee is always depending on traffic and price.
If the traffic is so congested and bitcoin price will soar.
Transaction fee will increase.That's  normal.
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.
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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #19 on: January 31, 2024, 10:20:19 AM »
I was reading a post which mentioned that Bitcoin network will get more congested during halving time. This means that Bitcoin transaction fees will again increase by good amount at that time. This can balance the positive impact of halving on Bitcoin prices and can keep the Bitcoin prices in check. So will Bitcoin prices remain unchanged even after halving because of this?

It's really difficult to tell if the Bitcoin network is going to be congested during bitcoin halving. From what I know, the last congestion of the mempool wasn't caused by the increased in number of transactions from Bitcoinists, it was caused my the ordinals spam. So we don't know if there's going to be another attack on the network during the halving period but we expect to see more activities during the bull season from bitcoinists.

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #20 on: January 31, 2024, 10:51:05 PM »
I was reading a post which mentioned that Bitcoin network will get more congested during halving time. This means that Bitcoin transaction fees will again increase by good amount at that time. This can balance the positive impact of halving on Bitcoin prices and can keep the Bitcoin prices in check. So will Bitcoin prices remain unchanged even after halving because of this?
Bitcoin halving is not the only thing that will increase transactions, but we know that a few months after the Bitcoin halving, a bull run will begin in the Bitcoin market. When the bull run starts in the market, the market may get crowded and the fees may increase relatively. But what you think may not happen according to your thoughts. Moreover, if the market is overcrowded by investors during the ups and downs of the market, the fees may increase slightly. NO TENSION No need to worry about them until the Bitcoin market halves and after a few months the bull run begins and let's see what happens then.

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #21 on: February 01, 2024, 05:45:53 AM »
Bitcoin halving is not the only thing that will increase transactions, but we know that a few months after the Bitcoin halving, a bull run will begin in the Bitcoin market. When the bull run starts in the market, the market may get crowded and the fees may increase relatively. But what you think may not happen according to your thoughts
On the contrary, the beginning of the upward trend may not increase fees because everyone is buying and not selling, and most of those who buy do not withdraw Bitcoin to their wallets.
The cause of the spam at the present time is not Bitcoin transactions, but rather those codes that are injected into the network and spam far from real transactions.

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #21 on: February 01, 2024, 05:45:53 AM »


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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #22 on: February 01, 2024, 08:19:21 PM »
It is interesting that he says, it could be so, if at the moment the bitcoin network is congested, now when this price rise occurs I am sure that it will become congested, I imagine that things could be very difficult in that sense, Because the miners rates will increase , the Congestion will be worse than now, the things when the price increases are like this, so in this order of things, we need to prepare for this, I don't know that other methods can be created to avoid these congestion .

When we think about what it can be, it is not so much the halving event, it is the Number of things that must be done so that they can make a difference every time it comes to bitcoin , I Personally have always said that every time they are Produced and generated More things can make a difference when we are in a process where things are basically going in favor of a very important bitcoin event, for me the halving is important, along with ETF approvals and still the congestion is there.
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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #23 on: February 01, 2024, 08:52:49 PM »
I will say we should wait till then and that we all witness what is going to happen, things can go unpredictable for the halving to set in, the network maybe that congested and it may not also get congested for any reason, the solution to either of this lies on the transaction fee rate it may cost us while making the bitcoin transactions, since the network will be subjected to high volatility, the mempool can also remain unpredictable to us.

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #24 on: February 01, 2024, 09:00:30 PM »
I will say we should wait till then and that we all witness what is going to happen, things can go unpredictable for the halving to set in, the network maybe that congested and it may not also get congested for any reason, the solution to either of this lies on the transaction fee rate it may cost us while making the bitcoin transactions, since the network will be subjected to high volatility, the mempool can also remain unpredictable to us.

We can't predict how much we will pay when halving time.
Many people predicted bitcoin network will more  congested in halving time.
Transaction volume will increase.
Many people will invest more and do trading during halving time.
Maybe we will see the transaction fee will increase so high. Let's see
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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #25 on: February 02, 2024, 01:11:59 PM »
I mostly agree with Charles-Tim:

Nobody can know if bitcoin mempool will become congested during halving.

Besides, not much happens in halving time. I think the OP has in mind the bull run that happens after halving, typically between 6 and 18 months later, when the price doesn't stop rising, albeit with some dips. These moments of high volatility tend to push up the mempool's unconfirmed transactions and fees.
Totally agree. When fees gets high I think no one will spend more for just a transaction unless you need to.I am also thinking of investors having iron hands this time due to possible new ATH in the year 2025 so everything should be normal during halving.

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #26 on: February 02, 2024, 01:40:14 PM »
Transaction fee is always depending on traffic and price.
If the traffic is so congested and bitcoin price will soar.
Transaction fee will increase.That's  normal.
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.

This is wrong!
The transaction fees increase doesn't mean the price of bitcoin will increase or decrease. What affects transaction fee increased is when the mempool is full of unconfirmed transaction all waiting to be comfirm but we all know that the block is very limited in size, it can't fit into all the transactions in the mempool.

Now, what miners does is that they most likely give priority to the ones at the top which are having higers sats/vbytes for transaction and the ones at the bottom have to wait for the higher fees to be confirmed. If you are lucky, even lowers fees get included in the next block than the ones with huger sats but not always. Transactions can increase even when bitcoin is dumping and doesn't increase as the bitcoin price increase; I hope this helps.

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Offline Kemarit

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    Poll Voter Topic Starter Karma Good
Re: Is Bitcoin network going to get more congested in halving time?
« Reply #27 on: February 03, 2024, 12:47:18 AM »
I will say we should wait till then and that we all witness what is going to happen, things can go unpredictable for the halving to set in, the network maybe that congested and it may not also get congested for any reason, the solution to either of this lies on the transaction fee rate it may cost us while making the bitcoin transactions, since the network will be subjected to high volatility, the mempool can also remain unpredictable to us.

Just like when the price is unpredictable, no one did see that the fees are going to be high right now. But we should look at what is the reason for the congestion of the mempool. It's because there are group of individuals or entities that might deliberately attack blockchain. And we know that if they have the tools to do right now, they could continue when we are in the bull run. Unless suddenly BRC-20 or ordinals hype suddenly died down.

So I guess it's not that we are too complacent or what and think that we will be ok, it's better to think that it will be more congested that ever, IMHO. At least we are prepared for the worst, or by that time we might used second layer.

Offline Fivestar4everMVP

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #28 on: February 03, 2024, 08:59:31 PM »
I was reading a post which mentioned that Bitcoin network will get more congested during halving time. This means that Bitcoin transaction fees will again increase by good amount at that time. This can balance the positive impact of halving on Bitcoin prices and can keep the Bitcoin prices in check. So will Bitcoin prices remain unchanged even after halving because of this?
Well, I think those who are speculating that bitcoin network will get congested during the coming halving are only saying so because, it is generally expected that during the halving , activities on the bitcoin network should significantly increase, and such activities is what normally leads to a congested network, which brings about the increment in bitcoin transaction fees.
Though I believe this to have nothing to do with the bitcoin's price, but still, I will agree that if we actually enter a major bull run before, during or after the halving, then there is every chance to expect a hike, or some hike in bitcoin transaction fees, since as interest in bitcoin grows, so does the activities on the bitcoin network grows as well, and if you do not have plans of selling your bitcoin too early, make sure you re holding them on your private non-custodial wallet.
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Offline masudginanjar

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Re: Is Bitcoin network going to get more congested in halving time?
« Reply #29 on: February 04, 2024, 11:15:12 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.
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