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RE: I just paid $70 for one Bitcoin transaction!!!!! These fees are really getting out of hand!!!!!
These fees are absolutely absurd. I'm holding some BTC as a long-term store of value, but I now use Litecoin as a means of regular exchanging to fiat/other currencies. BTC is going to need a solution in the next few months or there will be some issues. Crypto is meant to solve the issues of big fees and long tx times!!!!
BTC is is a long-term store of value and was never really meant to become a widespread means of exchange. The idea of using satoshis was a forced concept at best. If it was truly meant to be a widespread currency, they wouldn't have capped the total BTC circulation at 21 Million.