Look at how Bitcoin is shooting up... just like it did at the end of 2017.
you should take another look at the charts. by the end of 2017 price was going up $11000 in 20 days (150%). right now we barely see 10% rise.
Will we see the joint-rise in miners fees like we did back in 2017?
we've already seen some spikes but nothing like 2017 mainly because this rise is not like the rise in 2017.
It's essentially the miner's fee rise that made Bitcoin drop.
sorry but that is nonsense.
you need to check out history again.
the fees went up pretty much at the beginning of 2017 and by mid 2017 it was at the ATH of fee while price was still at $2k-$4k and remained high until end of 2017 and even continued in 2018.
if price were to fall because of high fees it had to drop after reaching $5k and never went any higher to $20k.
I mean, when the fee gets so high that you are paying as much for the fee as you are spending in your transaction, what good is Bitcoin?
bitcoin is the decentralized currency that you can use globally without needing any third party. it was never promised to be cheap. although i agree that fees should not be high.
There isn't as much decentralization in bitcoin as we think. All the big miners know who they all are. They probably contact each other now and again. They can easily get on the phone with each other, and time a rise in miner's fees for, say, the middle of December.
another nonsense.
there are a couple of million ASICs currently mining bitcoin that produce this much hashrate. some miners have more than one and there are farms so it means there is at least a million bitcoin miners that are spread around the globe. if you can't see decentralization in that then you are blind.
another nonsense part here is that miners don't set the fees, the users do in a competition for the scarce block space.
So, will we see a sudden miner fee rise this time? One that will bring Bitcoin crashing down like at the beginning of 2018?
no because as we already know the crash had nothing to do with high fees.