I got this guys - fees for next block are really high compared to what we’ve grown accustomed to
Discussion
I keep telling myself that this could be the new “norm” (probably / hopefully not THIS high) but I was born into an insanely low fee environment so it’s all I ever knew. I started learning about UTXOs when there wasn’t even 2 blocks in the mempool.
Yes i gathered that but
A/ does it mean its transitory (never thought I will use this word)
B/ this spike seems to be not organic, correct ?
C/ thats a real challenge then between bulk and DCA purchasing and getting your Bitcoin off the exchange, am just saying..
Not following the mempool transactions super closely but it doesn’t quite look like the ordtard business, more like a lot of utxo consolidation. I assume they’ll come down but not to casual everyday 1 sat/vb status like the good old days
As for DCA’ing on an exchange, it’s still fine in my book to withdraw every million sats or so. I only do free withdrawal options on strike and cash app, yes they take a while but still get to self custody within 12 hrs or so at zero cost to me