Reminder: prepare your wallet before the next bull run

[tranthidung]

Less than 11k transaction in the mempool, spend this Sunday to consolidate your smaller inputs and make sure you have your new UTXOs on bech32 native-segwit addresses. I did my transaction for 7sats per byte; do it until it lasts.
https://mempool.space/

When did you make that transaction?

7 satoshis/ byte is a high fee. You spend 3 times than the fee you can use today. The mempool size for waiting transactions with fee rates 2+ satoshis/ (v)byte is 1.5 MB and you can get first confirmation for your transaction in next 2 or 3 blocks with that fee rate. If you want to have quick transaction (confirmed in next 1 block, 3 satoshis/ (v)btye is enough).

Unconfirmed transactions at 1 satoshi/ (v)byte can be confirm next hours but I doubt that all of them will be confirmed this weekend.

Check at https://jochen-hoenicke.de/queue/#1,2h

[michellee]

I called this a strategy to minimize the fee before the bull run coming. We don't deny that the fee will increase so high, and many of us can not accept the high fee for making one transaction, so this way is good enough to follow so that we can be ready for the next bull run. Maybe we still pay a high fee, but not as the highest fee that we should pay.

But you can still make a transaction as usual if you think you can accept the fee that can increase at any time. It is a choice for us, and we will find what will fit us.

[bryant.coleman]

Very educative post by the OP. I would also point to some of the basic security precautions that needs to be taken. The number of wallet hacking attempts tend to be proportional to the price of Bitcoin. Whenever the prices go up, we have a spike in coin-stealing attempts. So enable 2FA and email authentication if you haven't done so far. Also, it is extremely important to take the backup and keep them in secure locations. If you are storing your coins in a hardware wallet, then you need to take multiple backups. Because if you forget your password, and in case you don't have a backup, then the coins are gone. 

[acquafredda]

Less than 11k transaction in the mempool, spend this Sunday to consolidate your smaller inputs and make sure you have your new UTXOs on bech32 native-segwit addresses. I did my transaction for 7sats per byte; do it until it lasts.
https://mempool.space/

When did you make that transaction?

7 satoshis/ byte is a high fee. You spend 3 times than the fee you can use today. The mempool size for waiting transactions with fee rates 2+ satoshis/ (v)byte is 1.5 MB and you can get first confirmation for your transaction in next 2 or 3 blocks with that fee rate. If you want to have quick transaction (confirmed in next 1 block, 3 satoshis/ (v)btye is enough).

Unconfirmed transactions at 1 satoshi/ (v)byte can be confirm next hours but I doubt that all of them will be confirmed this weekend.

Check at https://jochen-hoenicke.de/queue/#1,2h

That was ok man. I will not go bankrupt for having paid 4500 sats in fees 
I picked 7 sats per byte because I wanted it to be introduced in the next block mined. That tx was high priority and I got lucky it happened on an empty mempool Sunday