That fee only applies to moving funds off an exchange. On centralized exchanges trades aren't executed on the blockchain.
Post by BParadigm
0.50 to $12 during orderly market
"Settlement layer" lol
People misunderstand liquidity.
The only time BTC's liquidity was lightly tested was 12/17 and it failed.
Wait for next test
BitInfoCharts Bitcoin Avg. Transaction Fee Chart Bitcoin Average transaction fee, USD Chart What the chain says
- Block
- 669 165
- Time
- 2021-01-09T01:11:24Z
- Signer
- 18vAvhTbSvdTepXxxzUCE7E35TCR1JGjvS
- App
- twetch
- Type
- post
- Content type
- text/plain
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
18vAvhTbSvdTepXxxzUCE7E35TCR1JGjvS VerifiedReplies (9)
Even more fucked:
When i started using ETH in early 2017 fees were like <5 cents
now its freakin $10+
Another thing is, about on-exchange,
If there is a panic, first will be the house book cleaned up, then any institutions will be allowed to front-run, then the whales, then the regular folks.
These aren't the Nasdaq. no rules
When you just 3x'ed your portfolio you don't care about a $1000 tx fee. It's a slow bleed.
It's a matter of expectations and opinion, I suppose.
With this rally, I think we shall see a real test of BTC's liquidity within months if not weeks.
how about when you withdraw but the network is congested and your magic beans get stuck in cyberspace until the exchange can bother to rebroadcast?
Happened to me. Took like 2 months. 21 ETH. Not fun.
yeah that's rough. I tinkered with the exchanges and networks a bit a while back. I never used enough $ that to worry about.
In the past, I've spent years messing in the wildest markets I could find. That's my frame of reference. I've lived bad stuff
it happened during the Status SNT ICO in 2017.
The ETH network is so clogged good luck attempting to launch any app on it with meaningful number of users or even grow the pool of degens doing defi
So it's possible I have a negativity bias. It's called trauma lol