High fees is a never ending story?

[JoyMarsha]

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?

No, this is just another warning that Trashdinals should be finally removed/disabled on the Bitcoin blockchain.
Ordinals are an obvious attack on the Bitcoin network, with short-lived entertainment.

Yeah, this looks pretty bad.

Looking forward to that because it doesn't sound cool any longer to make a little transaction in bitcoin and be paying more than you bargain for. Aside from that, it takes time before it is delivered.

It won't be funny if we are to experience more of this, as we push through the bull run season. It will be a big transaction upon big transaction before you can have your bitcoin transferred from your wallet to another wallet address.

[Baofeng]

There are blocks and blocks of 10 sat/vbyte transactions alone. Same for 5 sats/vbyte. But anyway, I am content with a 20 sat/vbyte fee for Bitcoin. As long as fees do not shoot up again, I think the conditions are going to be very good for making transactions for the next few weeks at least.

The current transfer fees around 10 sat/vB, it is actually quite cheap. It's rather rare to see transfer fees of 5 sat/Vb or lower. If you are satisfied with the transfer fess around 20 sat/vB, it means you have no problem with the current transfer fees. With 20 sat/vB, your transaction will be faster. I'm actually doing the bad decision to customize the transfer fees few days ago, I set the transfer fees about 8 sat/vB. Until now, it cannot be processed, the transaction status is pending until now. There is no solution for this case, it just hope for the miracle that the transfer fees will be around 8 sat/vB again. This is a lesson, don't set too small transfer fees!!

Right, it's down to 10 sat/vB and it's quite cheap for now. Of course, we wouldn't want to see it lower and be back to like 1-5 sat/vB. But not sure if we can still achieved that assuming that there will be another project in the horizon that is going to take advantage of the blockchain and clogged it again. Well we can used transaction accelerators if you believed that they work.

And if you look at mempool, let's say it's 11 sat/vB as the highest and you set your fee with that, it might also take some time to be in the next block as everyone could have paid the same fee.

[bitterguy28]

we need to live with it mate or we will always be like this stressed about the high fees but of course this must have solution because the longer the fee grows the more people starts to deny using bitcoin .
remember that there are tons of coins that has lower fees and faster confirmation .

[UNIVERSE]

1 sat/vb for me is kind of impossible to happen anymore.
I believe that the transaction fees of Bitcoin right now will go at around 1$ at least.

You're right. It is very unlikely to see 1 sat/vB now. The fees is always above 5 sat/vB. I'm not sure when we will see the fees drop to 1 sat/vB  again. Maybe it should be in the next bearish season.

Currently, the transaction fee of Bitcoin is at around 30 sat/vb which is around 2.5$ base on Mempool. I remember a few days after the halving event where the transaction fees went to as high as $200 I think just because of this Runes Protocol.

If you look at the current fees, it is around 6 sat/vB - 10 sat/vB. I don't think the price will increase to 30 sat/vB again in the near future. If the price of Bitcoin can increase more above $65k, I think the transaction will be a bit stable. So, we may see no much change on the amount of transfer fees in the next few weeks.

[Stompix]

If you look at the current fees, it is around 6 sat/vB - 10 sat/vB. I don't think the price will increase to 30 sat/vB again in the near future. If the price of Bitcoin can increase more above $65k, I think the transaction will be a bit stable. So, we may see no much change on the amount of transfer fees in the next few weeks.

The 6sat/b is not a fee that will get you a confirmation.
It's a simple math of two values, either double the purging fee at which your tx is rejected from the mempool or the minimum lower inc ase there is no purging at all, there are 84 full blocks of transactions above 6sat/vb so even if nobody would make a single one you would still need 2/3 of a day to clear that up.

[dkbit98]

we need to live with it mate or we will always be like this stressed about the high fees but of course this must have solution because the longer the fee grows the more people starts to deny using bitcoin .
remember that there are tons of coins that has lower fees and faster confirmation .

For most people paying around 10 sat/vB is mostly acceptable transaction fee, that is currently $1 USD, but I doubt this will stay on this level for much longer.
If someone is so concerned about paying higher fees and they want to save every time they send transaction than I would recommend moving some bitcoins to second layers like Liquid Network as L-BTC, or to Lightning Network.

[IvugeoEvolutionCoin]

we need to live with it mate or we will always be like this stressed about the high fees but of course this must have solution because the longer the fee grows the more people starts to deny using bitcoin .
remember that there are tons of coins that has lower fees and faster confirmation .

For most people paying around 10 sat/vB is mostly acceptable transaction fee, that is currently $1 USD, but I doubt this will stay on this level for much longer.
If someone is so concerned about paying higher fees and they want to save every time they send transaction than I would recommend moving some bitcoins to second layers like Liquid Network as L-BTC, or to Lightning Network.

This depends on Bitcoin market conditions. When Bitcoin is widely used and many people buy Bitcoin, Bitcoin transaction costs will increase again. But when the demand for Bitcoin in the market is not as high as it is now, the transaction costs will be very cheap, as is currently the case.

[doc]

we need to live with it mate or we will always be like this stressed about the high fees but of course this must have solution because the longer the fee grows the more people starts to deny using bitcoin .
remember that there are tons of coins that has lower fees and faster confirmation .

For most people paying around 10 sat/vB is mostly acceptable transaction fee, that is currently $1 USD, but I doubt this will stay on this level for much longer.
If someone is so concerned about paying higher fees and they want to save every time they send transaction than I would recommend moving some bitcoins to second layers like Liquid Network as L-BTC, or to Lightning Network.

This depends on Bitcoin market conditions. When Bitcoin is widely used and many people buy Bitcoin, Bitcoin transaction costs will increase again. But when the demand for Bitcoin in the market is not as high as it is now, the transaction costs will be very cheap, as is currently the case.

Traffic and the increase in the price of Bitcoin will be one of the factors causing the increase in gas fees, according to my observations. When the market is quiet, demand is low and prices are also low, we see that gas fees will fall. There are certain times when gas fees are low, it's best to check the gas fee rates first before making a transaction

[pacar_tiri]

Traffic and the increase in the price of Bitcoin will be one of the factors causing the increase in gas fees, according to my observations. When the market is quiet, demand is low and prices are also low, we see that gas fees will fall. There are certain times when gas fees are low, it's best to check the gas fee rates first before making a transaction

Exactly, just as many people say, this is how transaction costs go down, but when transactions on the network we use increase, costs will also increase. Hopefully transaction fees on the Bitcoin network remain as low as they are now so that transactions using Bitcoin remain easy.

[Mr. Magkaisa]

           -   In the first place, I agree with the title made by OP that the high fee on the bitcoin network is really never-ending; it seems like there is a rainy season and a summer season. It's the same with Bitcoin's Blockchain network: there are times when there is congestion and no traffic on the network.

That's why we as holders of Bitcoin should really get used to these situations; they really come at an unexpected time, and it's up to us whether or not we accept the price that the miners ask us.