Mempool Observer - Discussion about Bitcoin Fees

[dkbit98]

Now is the good time to consolidate transactions, don't think for a second fees will remain like this for a long time.
I am expecting to see big price changes for bitcoin in next few months and this will affect state of the mempool and transactions.
And I would reject any stupid softfork propositions by Luke.

[philipma1957]

 I used my trezor set fees to 1.23 sats just in case. they all cleared in under an hour

[bayu7adi]

I used my trezor set fees to 1.23 sats just in case. they all cleared in under an hour

A few hours ago, 2 sat/vB completed my transaction in less than 10 minutes...a perfect time to secure the balance in another wallet and lock it in a savings wallet for holding...we will never know when bitcoin fees will skyrocket again...because I don't want to feel trapped again to be reluctant to make a transaction at that time when the fee war is so crazy..

[Baofeng]

I used my trezor set fees to 1.23 sats just in case. they all cleared in under an hour

A few hours ago, 2 sat/vB completed my transaction in less than 10 minutes...a perfect time to secure the balance in another wallet and lock it in a savings wallet for holding...we will never know when bitcoin fees will skyrocket again...because I don't want to feel trapped again to be reluctant to make a transaction at that time when the fee war is so crazy..

Yes, so far that's also the lowest that I will to avail. I don't know, I'm not that confident to bring back and used 1 sat/vB although right now, it's the lowest and I have seen the mempool almost clearing itself the last couple of days.

Perhaps I have that trauma on the 1 sat/vB as we have experienced the fees really go up high last year and so I still have that mentality that it might go up again anytime and my transaction going to be stuck.

[examplens]

Yes, so far that's also the lowest that I will to avail. I don't know, I'm not that confident to bring back and used 1 sat/vB although right now, it's the lowest and I have seen the mempool almost clearing itself the last couple of days.

Perhaps I have that trauma on the 1 sat/vB as we have experienced the fees really go up high last year and so I still have that mentality that it might go up again anytime and my transaction going to be stuck.

Hold is trendy.
Nobody wants to become a funny meme like Laszlo, so they overpay for some minor things today.

Interestingly, there are no more Runes, BRC tokens, etc., it seems that crowd psychology is omnipresent among crypto enthusiasts.

[dkbit98]

Perhaps I have that trauma on the 1 sat/vB as we have experienced the fees really go up high last year and so I still have that mentality that it might go up again anytime and my transaction going to be stuck.

That is not such a big problem nowadays if you are sending transactions with RBF (replace-by-fee).
If mempool gets stuck with lot of transactions you can just increase the fee onyour specific transaction and it should be confirmed soon after that.
I would not recomend using minimal 1 sat/vB fee in case you need fast confirmation.

[bitmover]

I would not recomend using minimal 1 sat/vB fee in case you need fast confirmation.

We can see many empty blocks getting mined, mempool is getting empty from time to time (yesterday it was empty).

So I would recommend 1 sat/vB if you can wait a few hours or a day, you will get confirmed. Good opportunity to get 1 sat/vB consolidations