Bitcoin fees since the recent pump.

[bitbit97]

The fees is also very inconsistent, right now it's big, 20 sat/vB. So you really have to time the market and see where the fees are. The price of Bitcoin is still at $92,000, so just imagine if we hit that 6 digits that we want.

So you can never know if we will still have lows fees once we hit $100,000 or it will go up coincide with the recent spike in the price. And I do not think that investors are selling at this point, for us, it's better to just continue to HODL and see how big this bull run will be.

I would say that fees are still low or affordable. It is still possible to make a quick small transaction and it ruin nobody. I think in late spring or summer we had weeks when it cost +100sat/vb to make a transaction and it wasnt even an instant one. By the look on current situation with fees, I dont even know what to say. It will be logical, that with such rapid price growth, more people would wish to buy, sell or move their crypto. It will be logical, when there is demand, transaction prices to go up. But they still are low. During busiest part of the day, 10-20sat/vb is maximum what we get. Yesterday at late evening, I have made a transaction with 5sat/vb and it was confirmed in less than an hour.

[robelneo]

During busiest part of the day, 10-20sat/vb is maximum what we get. Yesterday at late evening, I have made a transaction with 5sat/vb and it was confirmed in less than an hour.

As I'm writing this post, the low priority is 7 and the high priority is 9, still good; that means there is no high buying or selling pressure, but I expect these transaction fees to increase this coming holiday season, and this is something we should all watch out for. I remember this was the time that I waited for a week for the price to go down, but it did not happen and I ended up spending $20 for a $100 transaction, which left me no choice but to proceed.

[Primo1760]

Majority of the time, bitcoin fees usually go up when FOMO is high in the market. for those that transact constantly with bitcoin you must have noticed that after every big push in bitcoin price before now would definitely cause the MEMPOOL to get congested and as a result fees would also skyrocket. The reason for the congestion is usually because of majority of scared investors rushing to move their coins over to different exchanges.

Surprisingly this recent pump in bitcoin's price seems to be holding up just good enough to even create new ATH prices at intervals. However fees don't seem to be pumping along price as usual. Fees still revolve around 2 sats/vbyte to around 8 sats/ vbytes. And the behaviour still seems normal with fees being lowest during US midnight to early morning periods and highest during intense afternoon working hours.

What's your opinion about the fees so far?
Could it be investors are scared of moving coins since price may continue to pump?

Yes we noticed that Mempool is very low at the moment. Bitcoin Price Increases People Are Not Losing Much Patience With Selling Bitcoin Now People Believe Bitcoin May Not Go Down After Hitting $100,000 Max Because Bitcoin's Momentum Has Attracted People More To Invest And Not To Sell Bitcoin. We ourselves are holding bitcoins but not thinking of selling also we have already deposited bitcoins from our bitcoin wallets to exchanges many may have bitcoins from their wallets to exchanges or those working on signature campaigns may also be using exchange wallets directly due to which bitcoins from their wallets  They are able to sell directly from exchange to exchange without having to take. All the users of bitcoin forum play a big role in crowding the transactions here.

[Ujok]

During busiest part of the day, 10-20sat/vb is maximum what we get. Yesterday at late evening, I have made a transaction with 5sat/vb and it was confirmed in less than an hour.

As I'm writing this post, the low priority is 7 and the high priority is 9, still good; that means there is no high buying or selling pressure, but I expect these transaction fees to increase this coming holiday season, and this is something we should all watch out for. I remember this was the time that I waited for a week for the price to go down, but it did not happen and I ended up spending $20 for a $100 transaction, which left me no choice but to proceed.

since bitcoin hit the price of $80k and above, transaction costs have increased by 10% unlike usual when the price of bitcoin was still below $80k the transaction cost was only 1% this made many people complain about the increase in transaction costs.. why did the transaction cost increase? because the transaction density so that the transaction was increased then the process would be fast, if the transaction cost remains as usual, the transaction process is likely to be slow. maybe that's what I know in this case and that's also part of people saying like that too.

[doc]

During busiest part of the day, 10-20sat/vb is maximum what we get. Yesterday at late evening, I have made a transaction with 5sat/vb and it was confirmed in less than an hour.

As I'm writing this post, the low priority is 7 and the high priority is 9, still good; that means there is no high buying or selling pressure, but I expect these transaction fees to increase this coming holiday season, and this is something we should all watch out for. I remember this was the time that I waited for a week for the price to go down, but it did not happen and I ended up spending $20 for a $100 transaction, which left me no choice but to proceed.

since bitcoin hit the price of $80k and above, transaction costs have increased by 10% unlike usual when the price of bitcoin was still below $80k the transaction cost was only 1% this made many people complain about the increase in transaction costs.. why did the transaction cost increase? because the transaction density so that the transaction was increased then the process would be fast, if the transaction cost remains as usual, the transaction process is likely to be slow. maybe that's what I know in this case and that's also part of people saying like that too.

traffic and price always affect gas fee, the higher the price and traffic will make the gas fee expensive. And currently the transaction volume is very high and we also know that the price of bitcoin is very expensive at this time because it has touched $ 98K, so it is natural that the gas fee is very high.
There are many network options that we can use, we should be able to choose a cheaper network

[bitmover]

Transaction fees are fine...

It costs now less than 1.50 USD to transfer money anywhere in the world, permitionless, without request permission to anyone. Arriving in 10 minutes.

Bitcoin is amazing. Fees are just fine!!

[Stompix]

Could it be investors are scared of moving coins since price may continue to pump?

Real-life usage is down the drain, that's all!

Look around at all the topics, do you spend your coins? do you regret spending your coins? spend fiat not coins! and so on and on and on!
Simply put, fewer and fewer are actually using it as a method of payment, half of the space is clogged by runes and other inscriptions and most of the rest is just excuses batching their payments and receiving coins, the rule of the thumb is now that you don't spend stuff that can x2 overnight!   

Transaction fees are fine...
It costs now less than 1.50 USD to transfer money anywhere in the world, permitionless, without request permission to anyone. Arriving in 10 minutes.

Yup, because nobody is doing it!
The moment you would have 0.1% of the population actually using it it would cost you x10 more, don't forget that in order to actually use the money you send you need another tx and you need yourself another tx to buy them, so that's like one-third of the capacity.

[MRY]

traffic and price always affect gas fee, the higher the price and traffic will make the gas fee expensive. And currently the transaction volume is very high and we also know that the price of bitcoin is very expensive at this time because it has touched $98K, so it is natural that the gas fee is very high.
There are many network options that we can use, we should be able to choose a cheaper network

High gas costs are a result of higher transaction activity, particularly when Bitcoin demand soars as observations in the mempool show. The current sharp rise in exchange rates has had no effect on the price of expensive gas.

We can lower the cost by using alternative networks that provide speed and low costs. So that transaction activities can still go on smoothly without incurring huge expense, innovations such as layer-2 or some other more efficient blockchain may be the practical solution.

[enwi]

traffic and price always affect gas fee, the higher the price and traffic will make the gas fee expensive. And currently the transaction volume is very high and we also know that the price of bitcoin is very expensive at this time because it has touched $98K, so it is natural that the gas fee is very high.
There are many network options that we can use, we should be able to choose a cheaper network

High gas costs are a result of higher transaction activity, particularly when Bitcoin demand soars as observations in the mempool show. The current sharp rise in exchange rates has had no effect on the price of expensive gas.

We can lower the cost by using alternative networks that provide speed and low costs. So that transaction activities can still go on smoothly without incurring huge expense, innovations such as layer-2 or some other more efficient blockchain may be the practical solution.

When demand is high, gas fees have been too high of barrier for Bitcoin users. To still have transactions run smoothly without the burden of too much fees while looking for other alternatives using other altcoins or other blockchains than within the existing networks that have high speeds and also low fees. While the fee of an average Bitcoin transaction is $1.97 today, compared with $3.10 that it was yesterday. The decrease here is on par with the decrease in transaction activity on the network, but the mempool continues to log a bunch of transactions queued. Fees rise when the mempool is full, as users fight among themselves to be included in the next block, but there's still some leeway compared to previous peaks.

[dkbit98]

Bitcoin is around $100k but fees are still holding fine and mempool is not that full, and I am a bit surprised with this.
Mempool.space is showing average fees of 8 sat/vB ot around $1.10 with current bitcoin price, that is acceptable for everyone.

When demand is high, gas fees have been too high of barrier for Bitcoin users.previous peaks.

There are NO gas fees in Bitcoin, that is only for ethereum and similar forks.

[rdluffy]

Bitcoin is around $100k but fees are still holding fine and mempool is not that full, and I am a bit surprised with this.
Mempool.space is showing average fees of 8 sat/vB ot around $1.10 with current bitcoin price, that is acceptable for everyone.

Yesterday I made 2 txs
1 paying 4 sat/vb and another one paying 6 sat/vb

I remember a few years ago when it was quite difficult to make a transaction like this when BTC was on the rise or highly volatile
These low and stable fees are also good to show those who are just starting to invest in BTC, without the madness of paying more than 10 dollars for a transaction.

[dkbit98]

Yesterday I made 2 txs
1 paying 4 sat/vb and another one paying 6 sat/vb

Yeah, fees are around 5 sat/vb now, and things are going smooth in mempool.

I remember a few years ago when it was quite difficult to make a transaction like this when BTC was on the rise or highly volatile

We had a bunch of attacks and different things happening on bitcoin back than, but this could happen again in future.
I would still suggest everyone to be ready for any changes, and better consolidate coins while you can.

[_act_]

Majority of the time, bitcoin fees usually go up when FOMO is high in the market. for those that transact constantly with bitcoin you must have noticed that after every big push in bitcoin price before now would definitely cause the MEMPOOL to get congested and as a result fees would also skyrocket. The reason for the congestion is usually because of majority of scared investors rushing to move their coins over to different exchanges.

You're right, in some cases, the event of the news activities cause the mempool to get congested because people begin to sell or buy as the market is uncertain to them by the even of the breaking news, some news could be positive while some could be negative and such could have the same influence, but it could also happens that the market do not pump and we are having the mempool busy thereby causing the increase in transaction fee.

[Bobcrypto]

Bitcoin transactions fees last week was very high, but it suddenly went low this week, I was charged around $1.2 to transfer $43 worth of Bitcoin from my wallet to exchanges. I think that as many people had observed, high transactions traffic, congestions could be some of the reason for higher fees charge at certain times.
However, Bitcoin fees is still pocket friendly, despite the current bull run.

[MRY]

You're right, in some cases, the event of the news activities cause the mempool to get congested because people begin to sell or buy as the market is uncertain to them by the even of the breaking news, some news could be positive while some could be negative and such could have the same influence, but it could also happens that the market do not pump and we are having the mempool busy thereby causing the increase in transaction fee.

It was found that future movements can be a little volatile and when there is a huge pull from news events. In like circumstance, we can either choose to remain cool or else chart out our strategy well on how to handle the situation better. If the transaction fee rises to an undesirable level while carrying out the transaction, then we are still able to switch to another network, or more preferably wait until the transaction fees come down. Whether these movements are stocks, bonds, commodities or any other form of investment, every given choice we make should be an opportunity to learn how better to prepare for the next change in the marketplace.

Bitcoin transactions fees last week was very high, but it suddenly went low this week, I was charged around $1.2 to transfer $43 worth of Bitcoin from my wallet to exchanges. I think that as many people had observed, high transactions traffic, congestions could be some of the reason for higher fees charge at certain times.
However, Bitcoin fees is still pocket friendly, despite the current bull run.

As we can observe Bitcoin transaction fees may fluctuate but these fees are convenient to many users since the rate and speed of transferring assets is easily achieved. While it is indeed important to address, on-going fluctuation in any market dictates that these fees rise and fall with market dynamism. It also proves the fact that network can work as per the existed load to cope with that much load. By using this technology further, we contribute to the better environment that is beneficial for all the participants. Up to the present, the ability to pay a low fee is still one of the advantages of Bitcoin as a currency.