Most people own less than .01 BTC
The fees to sell or transfer this .01 BTC is getting absurdly expensive and will continue to rise. My theory is the fees will become so high that most people will just hold onto their BTC rather than sell. Especially when the cost to send .01BTC cost more than .01BTC. Eventually the addresses holding huge amounts of BTC will start to sell. It will clog the blockchain and fee prices will sky rocket even more. The transfers will take longer and longer to confirm and everything will get "stuck". I believe this will fuel more and more panic selling as everyone tries to cash out at the same time.
What do you think about bitcoin fees and the .01 theory?
Isn't it the bitcoin network is trying their best to fix the congestion in the blockchain? I just read a tweet of blockchain recently regarding this issue and they are doing everything they can so that we can have smooth transactions again. This may be due to the surging price of bitcoin that a lot of us are doing transactions with it. Nobody will believe your theory, it will never come to that point where we will be forced to hold our bitcoin and do nothing about it because of those high transaction fees you are saying.
