Bitcoin has become un-useable. Switch to altcoins or short sell

[Oasisman]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

Wrong choices of words. Attack not crisis. Completely un-useable? why? is the blockchain stopped confirming transactions? LOL. Mempool is only clogged but you can receive and transfer Btc if you don't mind the high fees.
Too bad you're in a wrong forum. People around here are too experienced to bite on such kind of FUD. Now you just earned yourself a very bad image as an Exchange who listed ORDI LOLOL!
Go try it in a different crypto related community! 

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[MainIbem]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

Op I don't really think you are a sole investor to bitcoin rather to cause panic and sets confusion towards the holders and I don't really see altcoin to be the solutions to the fee increase. It's just for while and I believe the fee could be normalized so I don't know why you are trying to divide people's attention by having this alternative going into altcoin.
I stick tight to btc holdings.

From your name it looks like fak gateioexchange because I believe an exchange you could have at least buy copper member to be able to post your images. Sorry to say

[Zlantann]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely unusable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

Another opportunist trying to ride on the attack on Bitcoin to get cheap publicity. People are not dumb to know the difference between Bitcoin and your undependable altcoin. Exchanges in my country are already flooding social media with diverse predictions and analyses. But I don't use Bitcoin for daily transactions and I will not also contribute to the problem so I am not even selling. I have always promoted Bitcoin in my neighborhood because of its relatively cheap transaction fees so paying high fees makes no sense to me. OP to me your advice is null and void. The disasters that exchanges cause are still fresh in my memory, hence I am even more scared of using them. I am sure this problem will soon come to an end and it will make bitcoin bigger and stronger.

[Erumo]

Running away is never a solution

First, this is not the first time mempool is so full. Second instead of running away to Solana, try solving Bitcoin mempool problem. Otherwise Solana can be filled with NFT shit as well one day. Third - hold! Fourth - dont like Bitcoin? I can buy it for half price from you. Transaction fee is on me.

[Ucy]

OP  I can see from your name it is possible your are really from them. Are you trying to cause a FUD or what?. You are quickly at it singing praise of switching to other alt just because of the ordinals attack on bitcoin chain and here you are calling bitcoin un-useable when there are millions of transactions going on currently on bitcoin chain. It is fine and as a result of the attack on bitcoin chain, transaction prices skyrocketed which is not a new thing on blockchain that miners would prefer the higher transaction fee compared to the lesser. Anyways, thanks for your youtube video, as I had to get more of bitcoin because I saw a quick recovery and price boom in a short time.

That can't cause any fud because Bitcoin price will remain the way Bitcoin Master wants it.
Will soon be investigating the intention of ordinal, if it's evil then expect a punishment soon and the whole transaction issue will be settled, possibly without human intervention.
Meanwhile we will leave things this way for sometimes for developers and other members to learn their lessons.
The price will continue to be bullish.

[Mr.suevie]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

Sorry mate but I think its quite clear why all the problems are happening now and its definitely got nothing to do with this actual word "unusable" you are blaspheming around. Bitcoin is still what it is and the blockchain or mempool congestion is what is creating all this price hike and you coming to cause a FUD is absolutely not welcomed, if we hadn't known better would have tag you a possible promoter of these brc20 coins that's if you are not actually one already. Bitcoin is still very much usable and its value is still in check as the market value for it is still looking strong @27-28k $ and looking to move up as the year continues so it just a matter of time before this whole cloud clears off and what we can do to help this situation is to reduce the rate of coins we sell at current state now because it will further congest the mempool and you don't expect a human who mine bitcoin blocks to go for a lower transaction when a higher one is placed before him and that's why the fees are so high but those that still want transaction mine for them are meeting up with the fees so nothing is actually wrong with bitcoin usage its just a mempool congestion.

[Smartvirus]

To say bitcoin is unusable here is a term that shouldn't apply or used. High transaction fee doesn't translate to unusable and at most, 50sat/byte which counts for the minimum to have your transaction occupy some mb on the network isn't so much. It depends on the volume of transaction your initiating though.
In any case, swapping bitcoin  for altcoins because of transaction fee at the time might be the worst idea to tackle the times and something that shouldt be patronised. Altcoins are highly unreliable and could still dump or lose value.
No fee would be worth loosing your coin over and that too is a possibility with altcoins.

[zanezane]

To say bitcoin is unusable here is a term that shouldn't apply or used. High transaction fee doesn't translate to unusable and at most, 50sat/byte which counts for the minimum to have your transaction occupy some mb on the network isn't so much. It depends on the volume of transaction your initiating though.
In any case, swapping bitcoin  for altcoins because of transaction fee at the time might be the worst idea to tackle the times and something that shouldt be patronised. Altcoins are highly unreliable and could still dump or lose value.
No fee would be worth loosing your coin over and that too is a possibility with altcoins.

It is true that high transaction fees do not necessarily make Bitcoin unusable, they can certainly make it less attractive for smaller transactions. Also, the fees can fluctuate greatly based on network demand and can be difficult for us to predict, which can add an extra layer of uncertainty to the process.

For those who swapping Bitcoin for alt coins based on transaction fees, it is important for users to carefully consider the risk involved. While altcoins can sometimes have lower transaction fees, they generally less established and can be more volatile than Bitcoin. Meaning that we users who swap their Bitcoin for altcoins based on transaction fees run the risk of losing value if the altcoin we choose experiences a significant drop in value.

[seoincorporation]

i don't think un-useable is the right word. The blockchain is stable, it has the blocks in time and with the right fees your transaction will be confirmed in the next block. But talking about the right fees is talking about close to $30/transaction which really sucks. But is the price to pay when there are more than 400k unconfirmed transactions. And totally agree about using altcoins is a good option now.

[Obari]

many are switching to alternatives such as Solana for speed or Monero for privacy.

ROFL
You can't just replace bitcoin with another altcoin specially not with centralized shitcoins like Solana that have a massive premine.
Different countries have accepted bitcoin as a currency and some as legal tender, not altcoins.
Different merchants are accepting bitcoin as a payment and it is extremely rare for them to accept shitcoins.

P.S. This attack is not yet as big as 2017 spam attack.

From the looks, it is obvious that this is a planned attack on bitcoin chain, the timing, the nature of the attack and the manner at which it was launched but they forget they are only making bitcoin more popular and gaining more traction. Well, I see a surge in bitcoin price after this whole
saga.
The bitcoin awareness is strong. The adoption is fast spreading like wide fire. No shit coin can take or replace bitcoin not even the shitcoin as mentioned by OP.

Lastly, I think I should remind them not to forget that bitcoin is the first digital currency to be developed and as  such, is the genesis of crypto currency and blockchain technology.

Exactly mate and I see no reason for spreading of FUD.
one thing is very certain from all this happenings and attack on the blockchain that there are still millions of transcations awaiting confirmations on the blockchaij which is a clear evident that bitcoin  is doing fine.

The problem is bitcoin  but on the blockchain and there isn't any need to panic and I guess op should be one of the teams behind the shitcoins he early mentioned in the OP and no matter the amount of promotion done, they still remain switching and wouldn't get close to bitcoin  and core believers of bitcoin  should be expecting a massive rise in the price of bitcoin  after all of this mess is fixed so they will be busy buying more for hodl against what op proposed of panic selling send I don't actually  see anyone panic selling because of transaction delay and high fee.

[South Park]

Exactly mate and I see no reason for spreading of FUD.
one thing is very certain from all this happenings and attack on the blockchain that there are still millions of transcations awaiting confirmations on the blockchaij which is a clear evident that bitcoin  is doing fine.

The problem is bitcoin  but on the blockchain and there isn't any need to panic and I guess op should be one of the teams behind the shitcoins he early mentioned in the OP and no matter the amount of promotion done, they still remain switching and wouldn't get close to bitcoin  and core believers of bitcoin  should be expecting a massive rise in the price of bitcoin  after all of this mess is fixed so they will be busy buying more for hodl against what op proposed of panic selling send I don't actually  see anyone panic selling because of transaction delay and high fee.

For those which are hoping to create uncertainty and make the price of bitcoin to go down this is the perfect moment to spread FUD, the fees are indeed expensive and there are probably many newbies out there which are worried about this, so they are hoping that by spreading that FUD they can increase the number of those which are selling their coins and create downward pressure on the price of bitcoin, now this will not work on experimented users, but I think there are enough newbies out there which may believe the FUD, sell their bitcoin and buy altcoins as a result of the misinformation that is being spread at this time.

[dunfida]

OP  I can see from your name it is possible your are really from them. Are you trying to cause a FUD or what?. You are quickly at it singing praise of switching to other alt just because of the ordinals attack on bitcoin chain and here you are calling bitcoin un-useable when there are millions of transactions going on currently on bitcoin chain. It is fine and as a result of the attack on bitcoin chain, transaction prices skyrocketed which is not a new thing on blockchain that miners would prefer the higher transaction fee compared to the lesser. Anyways, thanks for your youtube video, as I had to get more of bitcoin because I saw a quick recovery and price boom in a short time.

Really that arent too obvious eh? 

We arent seeing this thing happen on first time on which we do have those clogged network back in the past on which it did really result into those high fees but somewhat this isnt the first time that it did happen.
How come its not been that usable? I agree on what you have said, if its non useable then people wouldnt really be making any transactions at all. lol
Important thing on here that miners are really that still there and trying out to confirmed those blocks and i would say that this spam on network would surely be cleared up for few more days.
We are still high as of this moment of pending transactions but im not really seeing this as a huge or main issue.

You could always having the choice on switching into some altcoins if you are really that in a hurry specially when you do like to gamble or whatsoever but if your main coin is
Bitcoins then the thing you do need to do is to wait.

[Rengga Jati]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

Seriously?
This is nkt the first time that the fee of Bitcoin transaction is getting higher. But I don't think this becomes that kind of un-usable as you said. Many altcoins have always pushed themselves to the punch that they are better than Bitcoin. maybe in terms of transaction costs, they are cheaper, but still not able to replace or take the place of Bitcoin. Bitcoin is not only used as a transaction tool. Indeed, I admit that if the cost of fees soared, and it would be better if it would at least come down. Just waiting to see how it will be. Bitcoib will remain in demand, whether as a currency or an investment tool. This is due to trust, there are still many parties who believe more in Bitcoin.

[traderethereum]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

So what? Has it made you lose faith in bitcoin?
I still believe in bitcoin and will not let it go because I have tried hard to collect it until now.
So if you have given up on holding bitcoin, you can sell it now and move to Solana, which you say is the alternative.
And I also don't care about what caused this to happen because it doesn't matter to me.
The most important thing is that I still want to accumulate more bitcoins.

[sokani]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

What caused this and what can you do about it?
https://www.youtube.com/watch?v=11EL7MpqALs

Ordinals and BRC-20 tokens could be likened to plastic pollutants floating on the sea dropped by mentally deranged individuals that have no respect for nature. It is clearly people like you that are creating fud about bitcoin and promoting worthless projects like ordinals with no use-cases and utilities. It just a matter of time the Bitcoin network will be normalize and y'all will go back to where ever you came from.

[Gallar]

BTC fees are skyrocketing to the moon in what some are calling a crisis.  Bitcoin has become completely un-useable as an actual functional currency and many are switching to alternatives such as Solana for speed or Monero for privacy.

~

You are too quick to conclude that bitcoin is no longer usable. Then you can conclude like that, you get it from what basis can bitcoin not be used anymore, from the increased transaction price? You are wrong if you conclude that bitcoin cannot be used anymore, just because the transaction fees are expensive. You are too exaggerated in responding to this incident, you are too pessimistic and do not see this incident from all sides. Moreover, you mentioned that many people are switching to alternative coins. I don't think that makes sense, because investors who have invested in bitcoin will usually always be loyal to bitcoin. Because the reason is clear, that bitcoin is indeed the best than other altcoins. So it is less likely that bitcoin investors will switch to alternative coins. Even with the state of bitcoin as it is today.

[thecodebear]

And now all of 2 days after the OP freaked out about Bitcoin being "un-useable" the spam attack seems to be over and fees are back to $2 lol


When a spam attack happens people need to not freak out so much and so quickly and just wait a few days. Spam attacks never last long because they are costly. Mempool is gradually clearing out and we're already back to pre-May fees now.

[Magic-Money]

The cryptocurrency has many function's as them have difference network, as the case applied, for any given transaction from exchange to another exchange using Bitcoin is very high, which TRX, and Matic can solved the problem with a less charge fees, while buy Bitcoin as soon as possible, because I still believe in Bitcoin now and future.

[Franctoshi]

What we experiencing now is not new to the space and no need to start packing or start creating FUD around, I believe that just in a matter of time things would get sorted out as regards to the skyrocketing cost of transaction on Bitcoin. despite all odds, Bitcoin still stand out as the best crypto out there which no other coin can compete with, If one day in the future that this transaction cost is reduced to an extent that one can buy coffee with Bitcoin and with small gas fees , I don't know what would be the stand of other Cryptos out there to even compete with BTC.

[Victorik]

I think the OPis doing a subtle marketing for the two coins he mentioned. Other than that, I don't see the need of coming here to cause panick. The transaction fee for eth has always been on the high side, yet, so many projects are still using it. So, why the fuss about BTC?