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/biz/ - Business & Finance

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12898142 No.12898142 [Reply] [Original]

What is the reasoning behind all of these fake dumps? All I can gather is the whales are trying to not tank the market while there's still buying pressure at support.

>> No.12898149
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12898149

>>12898142

>> No.12898163

>>12898142
We're in an interesting place. Bitcoin fees are around 20 cents now and the blocksize is peaking over 1.2 MB. We could see a fee market spring up. If lightning can't mediate this then people might just quit bitcoin forever, especially after last time. A big crash could be coming

>> No.12898171

>>12898163
Do people think 20 cents is a lot or something

>> No.12898178

>>12898163
literally 2 satoshi/byte is confirming next block maybe 1 satoshi will as well
you're full of shit it's a fee of a penny

>> No.12898181

>>12898171
Are you stupid? It means bitcoin is not managing transactions well. It's a sign that shit could reach $1-2 soon enough

>> No.12898216

>>12898181
you're a fucking brainlet
https://jochen-hoenicke.de/queue/#0,2h

>> No.12898222

>>12898142
They're liquidating your kind and will use the proceeds to accumulate GOX coins. Bears are way too exuberant at this point.

>> No.12898224

>>12898216
Who the hell is Johan and what is a memepool

>> No.12898230
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12898230

>>12898216
>https://jochen-hoenicke.de/queue/#0,2h
>2 hours
Says the fucking brainlet. Zoom out simpleton
https://www.blockchain.com/charts/avg-block-size?daysAverageString=7&timespan=all

>> No.12898250

>>12898224
he's operating a blockchain analysis site that measures the amount of pending transactions
if the mempool is full bitcoin prioritizes who paid the most fee (sat/byte)
bitcoin's average blocksize is 1.3mb and could go to like 3mb+ if people wrote their transaction data properly
the blocksize limit is to allow as many nodes as possible and keep the network as decentralized as possible, it also incentivizes people to write data efficiently

>> No.12898261

>>12898230
you claimed the fees are 20 cents, they are 1 cent
you said they could go to over a dollar, that hasn't happened since late 2017 early 2018
you're a liar and spreading FUD

>> No.12898273

>>12898261
To get into the next block, you will have to pay $.20
https://bitcoinfees.info/
If you want to get in within 2 hours (12 blocks) then maybe you can pay 1 cent.

>> No.12898279

the bitcoin mempool literally just emptied and this guy is spreading fud about high transaction fees

>> No.12898296

>>12898273
that's a lie
you're spreading false info
that's a bad calculator to measure fees
look at the mempool data I just posted
the last block just cleared all pending 1 sat/byte transactions

>> No.12898308
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12898308

>bitcoin's transaction fees are too high! bitcoin is dead!
>bitcoin's transaction fees are too low! bitcoin is dead!

>> No.12898326

BTC is a piece of shit, dumps are not fake. the price level where BTC stays right now is fake, however.

>> No.12898330

sites like blockchain.com are spending 500-800 satoshi per byte in transaction fees while promoting bcash
it's absolutely retarded, dishonest, and malicious

>> No.12898339

>>12898330
It's ok bro. We'll lower the blocksize so people use lightning network.

>> No.12898348

>>12898339
woah another piece of fud with nothing substantial backing it
good point buddy!