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Author Topic: Bitcoin Halving Making Me Wonder  (Read 517 times)
Maus0728
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May 03, 2024, 03:12:41 PM
 #61

It's just a thing that bitcoin does every 4 years to halve the blocks mined so the distribution to the miners would still be fair because there's less and less bitcoin to be mined after all these years. It's also a good thing too to make sure that the price of bitcoin will have a guarantee of going up, it's not going to make itself scarce by itself right? Big mistake what you just did though, I'm going to be sure that there's a lot of people that's going to be saying that you should've done this and that and I can't blame you, you got excited and you wanted to make profit, I just hope that it's a lesson learned for you.

I just have a request if you wouldn't mind though, can you let us see the transaction, I'm curious with the exact amount that you did pay for that particular transaction.

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Tmoonz
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May 03, 2024, 03:33:55 PM
 #62

We should pay more attention to bitcoin transaction fees than bitcoin halving at present. Basically Bitcoin halving is a four-year cycle held by Bitcoin price peak. But we have seen the highest transaction fees for Bitcoin transactions targeting this hard, have you ever experienced this transaction. Those who are unable to transact for this transaction fee are the ones who mainly feel it.
Its mainly a gradual process to understand the system and not some random rush pattern. We get upset whenever our goals are not hitting the top standards of the system, just calm and achieving our worth. Bitcoin halving was merely overhyped and watching how everything play was out of line. We know bitcoin halving to be one of the crucial incident but we should also that its basically our phase to comprehend the system and understand how everything will pan out.

What happened after the halving shouldn't be a surprise,  let not be in a hurry to forget that Bitcoin made it's Ath even before the halving and that has made me to have certain believe about everything that is happening right after the halving event. It is best we remain focused while without panic in order not to make a sudden decision and questions that might not be necessary.

red4slash
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May 03, 2024, 09:25:27 PM
 #63

In this case, why are you forcing yourself to make a transaction because before starting to make a transaction, we will definitely be shown the nominal value of what we will send and the shipping costs before confirming and I think this can be minimized if you really don't force yourself to make a transaction at that time. .
Because if you previously postponed your transaction for a few days, the transaction fees will return to normal. But you really can't blame this because you may have just experienced this and experienced bad luck, not because of the halving, but because you weren't careful in looking at transaction costs, so this is unavoidable.
This could be a good lesson for you, friend, and I would like to suggest you check the transaction fees https://mempool.space/ before making the transaction you want to do so that something like this doesn't happen again. 

One thing is the transaction fee sometimes for core Bitcoin enthusiasts are always a problem reason been that they usually transact in bitcoin and waiting most at times doesn’t help like them. Some of them are cross boarder transactions which the bitcoin mode of transactions are way to easy and smooth. As things stands now I will rather say they find alternative and stop using bitcoin for micro transactions.

Right now the runes are no longer available on the network but with the way the ordinals went and came back I wouldn’t rule out their return most especially with bull a round the corner they hype could grow again. Devs should find a solution permanently to it though.

As for OP it wasn’t because of halving that this happen, but because many people were making transactions and this could happen anytime most especially with the new inscription and runes too
Apart from that, when looking at what the OP said there was no explanation that he was transacting whether it was urgent and had to be done immediately or not so I said that for the fee problem it could actually be checked first before confirming because when we make transactions via bitcoin of course before we confirm there is a note where there are details that indeed describe how much we will send and how much fee is used so that when it is not too rushed to do then why do we force it right?

In the end when talking about fees now they are back to normal and the fees that jumped hard only happened a few days after the halving. But it has happened and cannot be regretted for now and it's time for the OP to make this a learning material because in the end things like this we will definitely not feel it once because at one moment it could be that the fee will increase again and so that the same thing does not happen again then we must be more careful in looking at fees for transactions so that what we do from shipping does not feel lost due to fees that are too large.

R


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Bravut
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May 03, 2024, 11:53:15 PM
 #64

We should pay more attention to bitcoin transaction fees than bitcoin halving at present. Basically Bitcoin halving is a four-year cycle held by Bitcoin price peak. But we have seen the highest transaction fees for Bitcoin transactions targeting this hard, have you ever experienced this transaction. Those who are unable to transact for this transaction fee are the ones who mainly feel it.
Its mainly a gradual process to understand the system and not some random rush pattern. We get upset whenever our goals are not hitting the top standards of the system, just calm and achieving our worth. Bitcoin halving was merely overhyped and watching how everything play was out of line. We know bitcoin halving to be one of the crucial incident but we should also that its basically our phase to comprehend the system and understand how everything will pan out.

What happened after the halving shouldn't be a surprise,  let not be in a hurry to forget that Bitcoin made it's Ath even before the halving and that has made me to have certain believe about everything that is happening right after the halving event. It is best we remain focused while without panic in order not to make a sudden decision and questions that might not be necessary.

Well said. It's not surprising that Bitcoin drop, or the high fee rate within the few days after halving. That's the process, and I see no need to allow fear, or panic at a time like this. We just need to accumulate more, diverse plan on how to go about our portfolio. Bitcoin have proven itself to be a valuable asset, let allow the market do it own price movement doesn't just move, till we train ourselves to understand this, we keep  panicking unnecessarily which might lead to silly decisions because of ignorance and quest for profits.

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