This bull run is different...

[AVE5]

then I'd assume the different is that we haven't gotten to the bull run yet so, let's watch out for when we finally get to the bull run if the past transaction fees and this current circle transaction fees would tally.

Hmm, not yet in a bull run? but we're close to the former ATH that has happened for this year and that was just this March. We're already on it but I guess people's expectation is superior nowadays of thinking more to come to the price as soon as possible. Everyone has to look at the chart and it doesn't have to be an analysis but just a recognition of how this year has been going so far. We're close to the end of this year and it has gotten a lot to the point that everyone wants more just like me.

It's true that much is expected to be accord the bull run. Maybe I'm ungrateful or a highily expectant that's why I'm not getting this current market trends to be the bull run. I take this current movement to be range-bound because the market price is still fluctuating. The last ATH was around $73,000 and the impressive high price that's being assumed to be the bull run according to others should be $68,00-69,000. Seeing the current baseline on 67,000 ain't so impressive to be a bull run.
Maybe not untill we break the current ATH would I say we're in the bull. Just my own thought though. I literally don't believe in analysis because we can always get it wrong not until it's proven.

I don't also expect a high transaction fees at this time because there's no congestion transactions and investors are not moved to sell their coins yet since we haven't broken the record or the current ATH yet.

Hoping for that to happen until the bull run ends. We can't be sure that transaction fees won't fluctuate, they will also fluctuate just like what we've seen a few months ago.

Definitely the transaction fees would always fluctuate which can always be determined by the volume of bitcoin users processing transactions also also as the market price keep to fluctuate.

[Mahanton]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

If you have been able to experience to those previous bull run or market cycle then i wont really be that making myself that too optimistic on whatever i would be seeing with these kind of details.
Come to think that TX fee isnt something that you could be able to distinguish on how this upcoming bull run would be different. I would really be rather saying that the current institutional funds flowing into the market
now would really be having that much more effect rather than on this matter but of course there's no way or no one would be able to tell on where it would be heading in speaking about peak prices.
The key on here is that you should really be that trying out to adapt or go with the flow on whatever the market will really be behaving into.

Transactions fee do always fluctuate and just like the people been saying above that it would really be basing up on how those transactions that keeps on piling up on the network.
There are moments or times that there would really be that a spam in the network Ex. ordinals on which this could make the fee that goes to the roof but eventually this condition
do resolves out in a week and it goes normal back again.

[AmoreJaz]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

Congestion or heavy transactions like BRC20 tokens make the fees expensive than ever before.
If you look at the current Bitcoin transaction fee, it's 18 sat/vB for High Priority compared to a while ago, 18 sat/vB is still high because back then the transaction fee was below 10 sat/vB.
Up until now, the fees for moving Bitcoin have been very low and this is different from the others. Using Bitcoin is not complicated. It's fast and easy.

Just think of the fact that even if you use the tx fee for high priority, it is still very small as compared to the amount you will use if you will have cross-border payments using WU and depositing good amount of money. Now, if people who regularly send money to their relatives or family learned this route, for sure, they will appreciate this market. This is why for me, it is only a matter of time before noncrypto users uncover the true benefits of crypto payments when it comes to cross-border payments. Very minimal fee and the transaction speed is quite fast.

[Rengga Jati]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool).

The fees fluctuate, it is no really cheap anymore. It is already above 15 sat/vB. I think it is normal now. I guessed the fees was below 5 sat/vB when you made this post. However, so far the transaction fees is quite affordable.

As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher.

The market is in bullrun season already. Sure, we have red market in few months ago but it is reasonable that the market had some corrections.
It is true, Bitcoin price increased to $69,4k yesterday. Today, Bitcoin dropped to $66k and it turns to be around $67k now. It seems not easy to break the current ATH because it always fails to cross $70k.

But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

Each cycle may have a different thing. The current transaction fees isn't as high as in the last season, but it just leads people easily sending their Bitcoin into market. So, there is always a big supply in the market. This makes it difficult for the price to skyrocket. In the last season, the supply in the market is decreasing a lot because of the high transaction fees. In this condition, the price can skyrocket due to the raise of demand.

[BlockRebel]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

Yeah, it’s surprising how low the fees are this time, especially with the market heating up. Now it’s a lot smoother with more normal fees. It’ll be interesting to see how this plays out as Bitcoin pushes past the ATH.

[JeffBrad12]

I think it's also due to the fact that great deal of people invests through ETF and exchanges, settling the price off-chain which helps to keep the tx costs of BTC at low.

moreover, aside from that, ordinal hasn't spammed BTC's blockchain as much as it was back then, so the BTC's blockchain is not getting tensed up with those ordinal memes spams.

but yeah, it's a great scene when seeing BTC price going up high and the blockchain didn't get clogged, the other blockchain such as ETH has come up with their own solution of scaling, which is L2 and BTC also has L2, I wonder if BTC's L2 also contribute to the fact that BTC's tx fee isn't too inflated.

[yudi09]

-snip-

This is why I hate all those BRC20 stuff, they are ruining bitcoin more than what it already is having trouble with. Not like we have enough transactions, we also have to deal with their load as well. I do not care what type of people likes them, we are not ready for it and it shouldn't exist at all.

Hate, I also blurted it out. But a matter of solution has been thought of.

As d5000 has said that the BRC20 is the most inefficient something ever made in the blockchain.
All activities are disturbed by it. People who need fast transactions must postpone to do let alone the number of transactions not in large quantities. For business people will be very disturbed by the burden of dense networks.

[CryptoBuds]

Hate, I also blurted it out. But a matter of solution has been thought of.

As d5000 has said that the BRC20 is the most inefficient something ever made in the blockchain.
All activities are disturbed by it. People who need fast transactions must postpone to do let alone the number of transactions not in large quantities. For business people will be very disturbed by the burden of dense networks.

Many people hate BRC and Rune because they cause congestion and make their transactions more expensive, including me. But many people benefit from it so whether it's useless or not depends on who you are. If you were someone who profited from transaction fees, you wouldn't hate them as much as you do now.

Additionally, it also shows us the downside of bitcoin. Suppose in the future bitcoin becomes popular globally and is used by 8 billion people, what will happen to the bitcoin network and what will the transaction fees be? BRC and Rune have pointed out the flaws of bitcoin and we need a solution if we want to continue using bitcoin when it becomes more popular globally.

[YOSHIE]

This bull run is different....

Maybe for me I don't want to be quick to respond to some speculation about the Bitcoin market, in fact if you look at the dominance of the market in the last few months there has been an increase, maybe this is due to investors' interest in Bitcoin.

Talking about signals for a Bull Run, a situation like this happened in November 2022 if I'm not mistaken, but it also cannot be separated from several factors and support for a potential bull run, as many investors are turning to digital assets, especially Bitcoin, Another factor is that the global economy has no clear direction and more large companies are looking for solutions to improve their economy in terms of digital currencies such as Bitcoin.

But whatever the current speculation, we still have to focus on other information that could cause a bull run in the future, I hope the best for everyone.

[TastyChillySauce00]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

I won't be too hasty in making conclusion, part of me don't really believe that we're truly in a bullrun yet, I mean, we're just a slightly higher than previous cycle's ATH that I don't think that in this current cycle we're already in a bullrun yet.
we will see how the fee will be when BTC at least going above $80k, picking up on the bullish trend again.

as of now, just retracements and sideways, personally I think BTC will truly be hitting its ATH maybe next year, but that just my shallow speculation.

but this low fee could also be contributed to the fact that some people might depict bitcoin heavily as just for investment so what they're doing is just keeping their BTC in cold storage, hardly using it for interaction.

[milewilda]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

I won't be too hasty in making conclusion, part of me don't really believe that we're truly in a bullrun yet, I mean, we're just a slightly higher than previous cycle's ATH that I don't think that in this current cycle we're already in a bullrun yet.
we will see how the fee will be when BTC at least going above $80k, picking up on the bullish trend again.

as of now, just retracements and sideways, personally I think BTC will truly be hitting its ATH maybe next year, but that just my shallow speculation.

but this low fee could also be contributed to the fact that some people might depict bitcoin heavily as just for investment so what they're doing is just keeping their BTC in cold storage, hardly using it for interaction.

For those who do have that experience towards the market then they would really be that definitely be having kind of awareness on how the market behaves or how it moves. It would really be that too hasty in our part for us to have that kind of drawing up some conclusions on what the market do looks like or on how it would move. It cant be avoided sometimes that people will be making up some assumptions basing up on what happened in the past on which its not surprising at all. On the time or moment that you have been able to experience on how it does move or behave then you would be ending up realizing that it wont be that much ideal that you will be assuming on how it would be looking like on the upcoming bull run. This might be the same back in the past or would really be that totally different this time. If we do really tend to zoom out then
you will be able to point out or would really be saying that institutional funds are flowing now into this market on which we cant be able to deny that there might be some possibility of that manipulation on which its not
that something new anymore. This is why im not really that making myself that too optimistic on what would be the upcoming times or moments because it will really be that bringing out that kind of disappointment
on the time or moment that those expectation of yours didnt really happen.

[STT]

Im still looking for the full bull run.  Its cows at pasture right now, grazing more then any special movement.  Especially if you zoom out, at best the cows have been running in circles for months

I was ready to be optimistic today, good run up but its selling off again.  Its only one day but still not a good friday close I guess, we'll see how NYC is in a couple hours.   I actually do better personally if we do properly reset as part of an extended run, I think its constructive also not to rush but some people must be frustrated already.

[potatotom]

Yeah this sideways movement is kinda boring. either go up or down, but do something Bitcoin!!

[lizarder]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

As for today bitcoin is in a correction again and the price is currently around $66k from a $69k increase, I see a correction touching $65k and below for the next few days as it has happened before. Slowly there may be a time when we see the price break above and we are almost in the condition towards the next ATH but we need to see how bitcoin is doing at the end of the year. Hopefully there will be the best momentum at the end of this year before bitcoin hits its next ATH.

That is why it is important to check the mempool when you want to make a transaction because sometimes the level of transaction traffic can result in such large fees that small transactions made will be very disproportionate.

[EL MOHA]

As for today bitcoin is in a correction again and the price is currently around $66k from a $69k increase, I see a correction touching $65k and below for the next few days as it has happened before. Slowly there may be a time when we see the price break above and we are almost in the condition towards the next ATH but we need to see how bitcoin is doing at the end of the year. Hopefully there will be the best momentum at the end of this year before bitcoin hits its next ATH.

That is why it is important to check the mempool when you want to make a transaction because sometimes the level of transaction traffic can result in such large fees that small transactions made will be very disproportionate.

Seriously we have been in a ranging trend since the all time high was achieved, with the way the economic situation of the world is I don’t think we will likely see any huge pump or even dump at this time because the holders are currently looking at next year for the bull run and are strongly holding while the buyers are just doing little DCA to accumulate, I think a economic recovery news like the one we say with rates lower or any hype news will be the beginning of an impulsive movement.

Yes it is always best to check the bitcoin memepool explorers to get an insight but seriously since the die down of ordinals and inscription like hypes the network has very less congested.

[LUCKMCFLY]

This is a positive thing, I think that in the past the fact that transactions have been so expensive was a total problem, that avoided many things, and personally those types of things should be much better now, as far as we know the last ATH has been almost $73k, if this ATH reaches, let's say, about $150k to $200k then things are different, I think that there the rates would undoubtedly go up, but it would be a pleasure to trade with BTC at that point, of course it's just speculation, it may not happen.

[Odusko]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

The thing is that, ever since from time memorial, Bitcoin have been of the verge to creating a history that no shitcoins can ever create, sometimes the issues with high fees and network congestion is a plan attack on the Bitcoin network which causes congestions and there by triggering high fees, and majority of the time, the network only get busy when there is an event of price consistent in appropriate, and the government and agency should be Mark a as mistake so it can't stay off Bitcoin network and how they manage

[JeffBrad12]

Yeah this sideways movement is kinda boring. either go up or down, but do something Bitcoin!!

It's kinda hard, the news about investigation toward Tether does put a lot of fear to the retailer traders as well as the whales . I mean who are not afraid if the biggest market cap stablecoin have the potential to collapse and lose its depeg causing slight panic sell which can cancels out the bullish sentiment, I'd. be afraid too and have taken measure to exchange my USDT to USDC just in case, not gonna repeat the same UST mistake again .

but I think USDT will still be fine, as long as they keep being transparent and consistently auditing their reserves.
the problem is, company never like to disclose any problem, just like how UST collapse back then, the Luna founder said the algorithmic stablecoin gonna be fine and won't lose its peg but it lost its peg anyway.

so I expect the sideway of BTC to still happen, though seeing price action, BTC should go up after breaking through the channel.

[dezoel]

Hmm, not yet in a bull run? but we're close to the former ATH that has happened for this year and that was just this March. We're already on it but I guess people's expectation is superior nowadays of thinking more to come to the price as soon as possible. Everyone has to look at the chart and it doesn't have to be an analysis but just a recognition of how this year has been going so far. We're close to the end of this year and it has gotten a lot to the point that everyone wants more just like me.

BTC reaching a new ATH is an indication that we are in the bull run but it's just that it have lay low for a while. That being said, the bull is still here and we can actually feel its presence because BTC haven't plummeted yet. Other cryptos are also in trend. Not just nowadays but the people's expectations are always like that. Well, there is nothing wrong with that and that is better because thinking negatively can only make them quit early on this holding game.

If you are following this market, there is no need for you to check the charts because you already know how the cryptos are performing and yeah that a simple checking in the chart is not already considered as doing an analysis even though it involves it because analysis is more than that. Like what he said, high TX fees usually happens when people are in rage of something. So, don't worry when the bull run ends and the market returns to normal because we will definitely have a better/cheaper fees during those times.

About the bull run, yeah, we are in the season, only that it is not impressive yet. The ATH has been stuck since March, I don't think it is now that Bitcoin will hit it again, not to mention breaching it higher. It might take time, but it may happen during the US election week and subsequent months, as it has always helped with Bitcoin's rise.

A bull run is always impressive. I know the effect have subsided for a while but I'd say it was still impressive due to the fact it hasn't ended yet just like the other/previous bull runs we had. The Election is said to happen in November and many are positive about it due to their involvement in BTC but I think they only coincide with the month where we typically experience a pump. It was still great though because we might experience a super pump/bull this time.

[Zanab247]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

I notice this low transaction fee when I sold my BTC few days ago, and i was very comfortable with the profits I made from BTC without paying a high fee like the way some sellers that is using some wallets are paying high fee in their transaction. I know very well that the gas fee of BTC don't use to remain in one place, some time, it may be high in the bull run while some time it may be low in the bull run which is what people are experiencing from BTC gas fee right now and it is causing hodlers to double up their profits.

Nice to see the price of BTC pumping higher, despite some other cryptocurrencies price are still dumping in the market which is a sign that BTC is good for hodling, because whenever you are hodling BTC in the bull season, there is a confident of making a big profit when the price push into your price expectation.