High fees is a never ending story?

[KingsDen]

This is a strong current caused by Bitcoin's Ordinal network that makes transactions even more congested.
It cannot be denied that the more transactions in Ordinal, the more congested the Bitcoin network will be.

Yea, that is the truth... But then, are we eradicating the Ordinals any moment? No! We have to learn to deal with the situation because this guys will continue to spam the blockchain in intervals.

[PX-Z]

This is a strong current caused by Bitcoin's Ordinal network that makes transactions even more congested.
It cannot be denied that the more transactions in Ordinal, the more congested the Bitcoin network will be.

Yea, that is the truth... But then, are we eradicating the Ordinals any moment? No! We have to learn to deal with the situation because this guys will continue to spam the blockchain in intervals.

Even if the ordinals will be ended as core developers planned to do. Transactions fees will always be at high when it comes a session like this where bitcoin plummet so suddenly or pumps.
At this moment looks like the fees are much lower than before but it's still high, it's 35sat/vB as per writing unlike it reached 80-100sat/vB before when Ordinals are so active.

[Findingnemo]

This is a strong current caused by Bitcoin's Ordinal network that makes transactions even more congested.
It cannot be denied that the more transactions in Ordinal, the more congested the Bitcoin network will be.

Yea, that is the truth... But then, are we eradicating the Ordinals any moment? No! We have to learn to deal with the situation because this guys will continue to spam the blockchain in intervals.

Even if the ordinals will be ended as core developers planned to do. Transactions fees will always be at high when it comes a session like this where bitcoin plummet so suddenly or pumps.
At this moment looks like the fees are much lower than before but it's still high, it's 35sat/vB as per writing unlike it reached 80-100sat/vB before when Ordinals are so active.

You can check again the fee shoot over 110sat/vb and definitely this is not really due to the price bumps and dumps cause inscriptions are occupying around 30 - 40% of the blocks which is what forcing other users to pay more.

So for smaller transfers we have no other options than LN or better use altcoin like LTC which can be perfect alternative for BTC in my opinion.

[bitterguy28]

As we all know Bitcoin network is facing high fee due to congestion since the last years especially from ordinals but it came back to normal then again hike and it keep on loop mode?

So this is something that we have to accept as new normal or we can still hope that Bitcoin fee will reach 1sat/vb to include our TX in the upcoming block?

We are all hoping that 1 sat/vb will happen again but the sad part is that it seems that this will never be coming again ,   and this  even happening in Ethereum so what could we expect in the coming years? that all crypto will have this same faith?

[examplens]

You can see that the fees peaked back in December, the price didn't reach 40k by than and at the last bump it was still under 45k, despite rising to 73 k , almost doubling the fees steadily went down as the action on the exchanges is not matched by the action on the blockchain.

Showing the Bitcoin fee movement in dollars is quite irrelevant, at least for any analysis. The price of Bitcoin can only indirectly affect the fee, and only if it causes an increase or decrease in the number of transactions.
For example, the current fee is a modest 232 sat/vB and the current value of Bitcoin has no significant effect on it.

Also, the fee is always paid in Bitcoin, never in $.

[bitbit97]

Does anyone knows why today fees went so high? During 7 days, fees have increased almost 20 times. I doubt that incoming halving has any impact on that. I doubt also that recent price drop has any influence either, as bitcoin already had those enormous drops, but fees did not react like that.

[dkbit98]

Maybe if bitcoin becomes more stable regardless the price, other than that even without the ordinals if its just these days where suddenly bitcoin plummet or pump, transaction fee will always be affected due to frequent transfers then the buy and sells to prevent fomo.

It's not going to happen, unless governments, institutions and big corporations take over, and than they can crush the price and keep it low.
We can see similar thing is happening with price of gold, silver and other precious metals, with unrealistic low prices that you can't find in real life.
This is probably one of the biggest dangers for bitcoin, along with making it unusable for everyday transactions with high fees.

[Gurujebs]

Does anyone knows why today fees went so high? During 7 days, fees have increased almost 20 times. I doubt that incoming halving has any impact on that. I doubt also that recent price drop has any influence either, as bitcoin already had those enormous drops, but fees did not react like that.

I have a feeling that this thing is done voluntarily by some groups of people that just wake up and spam the Bitcoin network over nothing. It might be done by the miners or just any random person who have its own motive for making the fees so expensive and unaffordable because I can't afford to pay that ridiculous fees of $13 for a single input and output transaction.

Either ways, I believe they are temporary. Halving is less than 4 days now and after that, the network might not see more activities like we are seeing now unless the miners want to spam the pool and then make transactions to be expensive so they can make money from the fees.

[Agbe]

Does anyone knows why today fees went so high? During 7 days, fees have increased almost 20 times. I doubt that incoming halving has any impact on that. I doubt also that recent price drop has any influence either, as bitcoin already had those enormous drops, but fees did not react like that.

Yes I noticed it as well. I even cancelled two transactions yesterday because of the high transaction fee and even today too. I was Making a transaction of 25 USA dollar to settle some bills but the but the transaction fee was 5 dollars and when I checked everything, there would be no much that would be left in my receiving wallet so I have to cancel the transaction and wait for the time when the fee will go down again. And add it with full of the mempool. Someone send coins since yesterday till now he has not received the coins.

[taufik123]

Yea, that is the truth... But then, are we eradicating the Ordinals any moment? No! We have to learn to deal with the situation because this guys will continue to spam the blockchain in intervals.

When a new network provides convenience, lower costs and higher efficiency,
ordinals are abandoned and all migrate to a better network.

I see lately Rune Protocol has become very Hype, and it will be present when the halving happens,
this will be much awaited by all bitcoin users.

[Jating]

Yea, that is the truth... But then, are we eradicating the Ordinals any moment? No! We have to learn to deal with the situation because this guys will continue to spam the blockchain in intervals.

When a new network provides convenience, lower costs and higher efficiency,
ordinals are abandoned and all migrate to a better network.

I see lately Rune Protocol has become very Hype, and it will be present when the halving happens,
this will be much awaited by all bitcoin users.

That is the main issue that affected the network again, it congested that we have seen above 100 sat/vB transaction. And the timing of the developer pushing for Rune Protocol, he can't deny that he is doing this to disrupt the network again as what he did with his BRC20 ordinals . So this will cause another friction on the Bitcoin core dev side, as there could be Bitcoin enthusiast that says that they are not doing anything to prevent this or close the exploit that the BRC20 and Rune developer has found on in the code. Nevertheless, if we have endured the high fees before, I think we can live with it right now and let it die a natural death in the next coming months.

[robelneo]

Does anyone knows why today fees went so high? During 7 days, fees have increased almost 20 times. I doubt that incoming halving has any impact on that. I doubt also that recent price drop has any influence either, as bitcoin already had those enormous drops, but fees did not react like that.

Yes I noticed it as well. I even cancelled two transactions yesterday because of the high transaction fee and even today too. I was Making a transaction of 25 USA dollar to settle some bills but the but the transaction fee was 5 dollars and when I checked everything, there would be no much that would be left in my receiving wallet so I have to cancel the transaction and wait for the time when the fee will go down again. And add it with full of the mempool. Someone send coins since yesterday till now he has not received the coins.

It's been a roller coaster this week a few days ago the fee was less than $2 but now while trying to send $50 Bitcoin from my Electrum to our local exchange this is the fee.

I have to delay my transaction until the fee normalizes but if you have an emergency and trading your Bitcoin is your only option then you're in a bit of tough luck.

[Agbe]

~

From on Sunday to date the few just skyrocket to a very high price I cancelled two transactions yesterday because of the high transaction fee. At first I don't know that the transaction is high so in my investment wallet I was trying to make some transaction and the fee was about $6.7 and it delayed for hours so I have to visit the transaction and pumped the fee. That one went and finally delivered but the second transactions didn't went through so I canceled them. This period that everyone is planning to sell their bitcoin in the ATH is the time bitcoin transaction fee is getting worse.

[Aanuoluwatofunmi]

Don't expect this to end now, we should instead rather prepare ourself for the possible challenges whereby we may not be that affected whenever we are having increasing rates on the bitcoin transaction fees, but if we are also to compare this same to the way other networks charges, we can be able to see that bitcoin is nothing much to compare with them all, while this high fee may not even last long before it all comes down to ease.

[bounceback]

Its my reason why prefer for using exchange wallet for receiving payment from signature campaign, high fees for sending bitcoin is never has good ending story after last week the current fee transaction up drastically and take more than almost one hour with normally fees for payment completing.
I use exchange wallet and directly sell or convert to stable coins before withdrawing to bank account, for using bitcoin as transaction awhile need more patience with slowly transaction process and take higher fees for sending. Use small or lower fees sending need waiting more than few hours but to get faster transaction need recovery with bigger fee.