Daily Bitcoin News Update
Bitcoin users have long been facing a Catch-22 situation. Here’s what it looks like: When too many people begin using Bitcoin, transaction fees shoot up, making it expensive to use. Rising fees discourage users. As they begin to exit, fees begin to drop. Declining fees, in turn, attract more users. And the cycle goes on and on.
But Bitcoin may have finally found a way out of this vicious cycle. Before we get to it, here’s a brief market overview for today.
On Friday, Bitcoin prices are shifting sideways as the crypto.
The post Bitcoin Price Forecast: BTC Transaction Fees Hit Four-Month Lows appeared first on Profit Confidential.
Written by Palwasha Saaim B.Sc @ https://www.profitconfidential.com/cryptocurrency/bitcoin/btc-price-forecast-bitcoin-transaction-fees-hit-four-month-lows/ February 24, 2018 Palwasha Saaim B.Sc