Bitcoin Forum

Especially at times when there is so much congestion, the fees increase by large amount. For small transactions, the fees is more than the transacted amount. Does it irritate you sometimes or you are fine with it ?

I don't feel irritated by bitcoin insane fees when the network get feed with alot of spam transaction all in an attack against the bitcoin network, and the reason why I never feel irritated is because I already know that such attacks will come once in a while due to bitcoin network possibility of that ordina spams.


What I do is to take a chill pills relax and give the spammers time to have they days, in no time they will run out ability to keep the bitcoin network congested and by then the transaction fees and network traffic will revert back to normal again.

Yes of course, high transaction fee irritates everyone who is about to use the network at that time of congestion and that is why you see that most regular bitcoin users who are on small transactions will pause using bitcoin and use altcoins whose transaction fees are very cheap, until Bitcoin blockchain becomes free from attack.

What I do is that I don't act as if I have bitcoin at that moment when the blockchain is congested so that I don't get frustrated with high transaction fees. I don't use LN because opening a channel is what I am not use to and I don't want to learn it for some personal reasons.

For frequent transactions and small amount of bitcoin, use lightning network.

You can make use of very low fee or $0 fee if you are using lightning network. There are many newbies friendly noncustodial bitcoin lightning network wallet now.

Lists of open-source bitcoin lightning wallets (https://bitcointalk.org/index.php?topic=5494607.msg64006193#msg64006193)

Exchanges like Binance, OKX, BitMart, Bitfinix, Bisq, Robosats, Paxful, Kucoin Noones and some other exchanges are having lightning network for deposit and withdraw now.

This will ease your frustration when bitcoin mempool is congested.

Only people who are too careless will not do double check and realize that they will receive small leftover after a transaction, with too big transaction fee that is bigger than the value of transaction. Careful people will realize it by double check information when broadcasting a transaction and don't complete the transaction broadcast.

It is irritating and I'd like to calm down, hold on my need for an on chain transaction. Delay it and wait for mempools to become clearer then give me better transaction fee rate to choose.

Check mempools and choose good time to consolidate small inputs (https://bitcointalk.org/index.php?topic=2848987.0) or make transactions.

This is the major reason for transaction fee spike. Without traffic you don't need to pay much to get your transaction on the priority list.

High fees are a pain for anyone experiencing it when you need a transaction to be confirmed in good time, but it helps to prepare for it before a network congestion;
• Consolidate your small inputs when transaction fees are low,
• Use LN for micro transactions,
• Use segwit and avoid multiple inputs as much as is possible.

OP, by asking such a question, you should offer a solution like how to restore your nervous system. I think that all the topics you have created arise from your psychological state at the moment. And if you check the mempool today, then you have nothing to worry about. On the other hand, the person who understands why high commissions arise understands perfectly well and has a strong nervous system to worry in vain since everything is temporary. But if such a question is raised by you, OP, you need sedatives to create topics with a deeper meaning. :(

Nobody is comfortable paying high transaction fees because many embraced Bitcoin due to low transaction fees. I have learned not to be over-troubled by what I don't have control over. Periodic high transaction fees have come to stay until a solution is devised to stop the attack on the mempool. Instead of being irritated, it will be better to devise means of paying low fees. Consider consolidating your transactions if you have many deposits (UTXOs) when the transaction fees is down.

What question is this? no one likes high transaction fees on the bitcoin blockchain, especially if we want to make bitcoin transactions. Moreover this is a problem for adopters who do not have a lot of bitcoins, solutions already exist for this problem, you can use LN for small transactions, this will not be a problem for those who have a large bitcoin balance. If I had a lot of bitcoin, even 500 sat/vB wouldn't irritate me either.

Have you ever thought what would happen if bitcoin became more popular? I mean the majority of people in the world will use bitcoin, and that will also cause the bitcoin network to become congested and transaction fees will remain high forever, not temporarily like now. Not to mention, spammers will not stop and you can also see that after BRC20 passes, we already have Rune, and I believe that in the future there will be something else to replace Rune to continue spamming the network.

I don't believe anyone would feel comfortable wanting to move bitcoin, but high transaction fees have slowed things down. So we'd be fooling ourselves if we said we weren't upset when bitcoin fees skyrocketed.

I always dodge micro transactions using Bitcoin because the fee is not economical even if the network is not congested. I usually have altcoins such as stablecoins on a separated wallet that I use for micro payment or daily transaction use.

I have no problem with Bitcoin network congested because I only use Bitcoin for long term investment purposes not for casual transactions but I get the point of being irritated if you really need the Bitcoin but the fee consumed significant amount of the balance.

Annoyed, of course, and it made me have to pay more on the transactions I made.
And it also depends on how much Bitcoin you want to send, if the amount is quite large or for example 1 BTC with a fee of about $10 it is still good enough and the important thing is that there is no traffic jam that is too severe.

What is annoying is when transactions are very stuck due to the increase in the number of transactions that are usually caused by Ordinal, BRC20 or Rune so that the fees are also expensive, and the transaction time is longer.

I just choose not to make any transactions when network congestion occurs.

Who doesn't? All of us gets irritated when we're about to do a transaction and the fees are outrageous. The only people that aren't irritated with that are the miners. But except them, all of us are seriously not impressed when we have to pay more than the amount that we're about to transact. Anyway, even if it reaches to that point again which I am not hoping for, I'll not do any transaction and I won't be spending that much fees just to proceed my transaction unless it's really important and needed to be done.

Transaction fee is mostly considered base on the mempool and the number of inputs we are using for making the transaction, but by now, i don't expect to see many claiming that bitcoin transaction fee is still extremely high because what we are having now is very much affordable by all, there are times it get high and other times the transaction fee get low when the mempool is less congested.

If you are a regular user of Bitcoin that's always sending and receiving BTC I think you would be very much interested in the fee movement, and if it happens that it jumps up this is likely to push you to other alternative crypto coins if you want to save some $$$ or force you to pay more on fees especially if you need this confirmed the soonest or not make the transaction at all as you wait for TX fees to drop which is very irritating in someway ::)!!

But understanding that some things are beyond our control and knowing very well that demand and supply has influence in the fees mechanics.. I think I wouldn't be very much irritated as other options are available to keep the wheels of crypto running  ;)

Right now, the fees are wonderful, well below $1. In my experience, sometimes the fees truly get high, but sometimes websites that monitor average transaction fees, as well as wallet recommendations can be wrong and make one overpay. So checking the fees on Mempool  (https://mempool.space/)is a good practice.
When the fees are above $10, it makes me upset, but I know that it is temporary, and I try to wait them out. If I need to sell urgently, I do it despite the fees, but that is pretty rare. Large fees show that Bitcoin is often not suitable as a form of money, at least not for daily usage and on-chain transactions.

I do. And I always hope it the network congestions doesn't happen on the day I need to change some bitcoin to fiat. I remember one time it happened and the my transaction was stuck for 78 hours. I had to use the bump feature and paid more on transaction fee because I had no option at that time and needed the money badly. The new strategy for this is to have a close friend send me some altcoin or usdt during this congestion period and pay back when then network is less congested and the fees have reduced. I do the same thing with funding my gambling wallet, I just use USDT.

Since high fees are temporary why kill yourself worrying about it when you can just stay off transactions in the main time while it gets over? And of course people do use other network when it's very urgent because definitely bitcoin is not a cult so we don't have oats holding anyone to use only the bitcoin network.

So if you get irritated with high tx fees, go to bed and sleep over it.  ;)

For some reason maybe for some people it will be inconvenient when the amount of bitcoin fees will obviously be a little annoying especially when we need it for a fast time but until now for me personally I have never felt that way because I rarely make transactions in bitcoin and when the network fee is high enough I prefer to wait a few days until the network fee is in accordance with what I expect because indeed the increase in network fees to date is not too long lasting and at most only a few days so I am more inclined to just wait in the end especially in this case for transactions as well I am just moving to the main wallet.   So, i don't feel bothered by it. But even though it doesn't bother me i still don't expect a significant increase in bitcoin fees because after all, surely everyone wants the same thing with good enough speed but cheap fees because after all, that's probably the hope of most people.

To be honest with you, I wish there is alternative to this problems but when you complain, some Bitcoin supporters comes for you like you don't like Bitcoin. I like Bitcoin with all my heart, no digital currency comes close when it comes to everything about it but you see this congestion, it sucks when there too many transactions on the network and you are left with no choice than to wait because the asking fee is even bigger than what you want to send to another wallet.

If you want to bye pass this problems in future, make sure you consolidate your inputs into a single place, it helps you spend low fees when it comes to times like this, consolidation of inputs helps you get small inputs and this help you mini reduces the amount you will spend for every input in your transaction because segwit address fees are actually low but this doesn't mean you wouldn't pay more if there is high congestion, you sometimes need to pay optimum to be able to get your transaction through.

Maybe if I am active in transactions using bitcoin, this will be quite annoying, because I need to spend a large enough gass fee if I often make transactions using bitcoin, it will be inconvenient for my wallet.

But I only use bitcoin to become an investment asset, so I don't need to worry about transaction fees, because I very rarely even only once a month buy bitcoin and then transfer / store it in my wallet, so I have never been bothered by the increase in bitcoin transaction fees, honestly if it is very difficult for you, the lightning network can be a laternative solution for you.

Since when? The last time I felt this way was when Ordinals are still very new and stupid people are jumping on the wagon to have a piece, it was very tough to make some transactions back then but after a while everything returned to normal so we shouldn't be having this conversation right now.

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If the same thing happen somewhere in the future all you can do is abstain from making small transactions using Bitcoin Network, and its a good thing that Bitcoin has lightening network too, this is a great option to escape high transaction fee..

Literally never. Yes, I did not like how idiots were paying hundreds of dollars in fees, effectively blocking payments for others, but I knew this was going to pass and these people will realize they lost money.

It's like when the herd is stampeding you can either try to stop it, go with it, or stand on the side watching. I choose the third option.

Fees are great right now. If you have old UTXOs it's a great idea to consolidate at the moment, because if we go to a new ATH later this year you're going to face much higher fees.

Higher fees seem seasonal it always happens when near or after block halving why would you be irritated if the fees are high you can just make a new transaction for the next few days I'm sure fees would drop and always consolidate your Bitcoin if you have multiple UTXO to decrease the size so that in the future if the transaction fees become congested again you won't pay a huge fee.
And take note as you can see on the current recommended fee these days it's pretty cheap so why worry much about fees?

Unlike you, I hate it when I see the fees go up. But there's the counterpart of it as the price seemingly high as well when that time comes. And as you've said, there are people willing to pay that much for the fees. They've got no chill and probably those transactions are urgent and they don't mind paying hundreds of bucks just to get a confirmation as what the network requires.

If that times comes again, I'll spend my time not looking at the fees at the moment. I'll wait before I do a transaction, no matter how many days it will take. I'd be patient because that's the only solution that we can do if we want to avoid paying the crazy fees. There is no other trick than not making any transaction and wait for the network to declog all of those spams from ordinals, brc20s and etc.

None of us likes high fees and unfortunately the system is open for manipulation due to how decentralized and accessible it is. There's no incentive to overpay though. If you want to spend money to make transactions slower for other people, like CSW and Roger Ver did once, you can. You can spam the network with dust transactions, paying more and more in fees, effectively donating to miners, but what's important, you can't do that forever. Eventually you will run out of money and fees will drop.

If I was a Billionaire, maybe I would not care.  But I think we all do at this point.  It is frustrating for most of us.  I have a few Exchanges I really wish I could give a try and Review, and I have a few Transactions to make too.  There is also Bitcoin I want to consolidate.  But I put them all on a list and am waiting for really low Fees so I can finally start.  I see no point in doing it now while Fees are high, it is a waste of Money.

On the other hand.  I bet there are many more people just like me, waiting for the best opportunity to start moving Bitcoin.  The more people waiting for it, the quicker another congestion would come.  So it remains to be seen how well Bitcoin does during the next blockage for us the Poorer of the Bitcoin Owners.

There is no one that actually enjoys paying higher for a thing that they could ideally have gotten cheaper, although there is nothing that can be done even though we know some of this hike in fees of recent are deliberate act but we can’t simply just filter them because it will affect the network decentralized nature. I don’t even buy the idea of using bitcoin to make transactions involving smaller amounts except if is the only possible option or the best option like cases of cross border transactions.

The thing is irritating but I find a good side to it that it is an incentive to the miners which is kind of a way to help the network.

If you read my post, you will not be annoyed anymore. Go to the third post and see what I posted. That you can use lightning network wallet. There are many among them that are newbie friendly. Also there are many exchanges that have it. But let me include another one which is liquid network. It is pegged to bitcoin price. You can also use it. Wallets like Green and Aqua support the liquid network. The fee is also low but it is not exactly bitcoin but a peg.

Probably, that's the best thing to do, delay the transaction as much as possible to avoid paying high transaction fees. However, if you are in extreme need of funds, it's either you just swallow and accept the amount of transaction fees, or you just chose to hold first and be more patient if you can, otherwise you'll end up borrowing to some of your friends and pay them when the transaction fees returns to normal.

Not at all yet paying up a dollar maximum would really be just that fine but on the moment that fees did reach up as high $200 as far as i remember then this is the time you would really be saying that it sucks.  :D
This is why on the time that you would really be seeing that fees are high then you do only need is to wait up and make yourself let those fees subside because network congestion doesnt really last up that much or something that wont really be taking up too long. Somehow if you are somewhat rich then these kind of fee amount wont really be bothering you since you could really actually afford specially on the moment that you are rushing up yourself on confirming a certain transaction. If you are someone who do only have that small amount then you would be finding up these fees to be high.

Therefore, your option on this kind of situation is neither to wait or make use of alternative coins with cheaper fees if you are in a hurry but if you could be able to wait up then
this wont really be an issue since network congestion would really be that subside. So it would really be just that basing up into your own preference on this case.

In all honesty, no one wants to see or experience paying high transaction fees, but we can't do nothing about it since it's kinda unavoidable in the market. There are really times that we can't help but seeing the network highly congested, and all we have to do is just to wait and let it cool down or gets back to normal.

However, this could serve a lesson at some point that we should not used up all our fiat funds and as much as possible, have a good amount of balance in our bank account or even in our wallet, so that when this scenario comes, we will never gets hysterical knowing we do have all our bitcoin funds and yet we can't do fine withdrawals just because of the annoying high transaction fees.

Not a nice solution. Staying out of transaction makes it look as if we just do transactions for jamboree. Like it is not a necessity and you just do it for fun.
When you are actually indeed of cash and you understand that you are stocked because of transaction fee that is when you will realise what is happening. People who use exchanges will not understand what people are passing through in the mempool.

Yea, since the congestion is becoming more often, it is time everyone should have an alternative. Either patronizing the CEXs or using other coins.

Since the previous Bitcoin transaction fee hike that happened a month  ago, we have not experienced a spike in fee for more than 3 months now. Even the transaction fee for today is still moderate. The high transactionfee of Bitcoin doesn't happen all the time, and anytime it happens, I don't think everyone feels happy about it, but we usually hope for it to go normal again within a short period of time. Most of the of the time, it's usually the ordinals that cause the fee to skyrocket. 

Your post contradicts each other!

When Bitcoin mempools loaded too much, it usually takes several weeks to clean up but with appearances of Ordinals and BRC20 tokens last two years, when mempool congestion happens, it often takes several months like 3 or 6 months to return to previous "normal" level. It takes longer time than in the past, before Ordinal waves on Bitcoin blockchain.

https://jochen-hoenicke.de/queue/#BTC,1y,weight
Inscriptions, mempools, and miners (https://insights.glassnode.com/the-week-onchain-week-39-2023/)

Do you sometimes get irritated by excess bitcoin fees ? the real answer is yes, especially for the person like who depends on bitcoin for a living hahahah. I mean if the fee still around 10 for me that normal but if go beyond 30 that absolutely insane and can be happening a lot.

If you still remember there is a case that bitcoin fees is crazy because some dev are launching nft on the bitcoin network called sats rats etc that basically a memecoin using BRC20. People are flooding the network and pay whatever fee it takes to get 1 confirmation and the fee is going to 100-250 vbyte per tx

Although in an emergency, I would only choose to wait a little longer when the network is normal enough.
I once had a transaction that was stuck for more than 24 hours, and it was with a very expensive fee,
around $25 and I even made the mistake of trying to cancel the transaction where there would be another fee, so this got worse.

It is better to wait until the network is normal, it will not be long than the transaction is stuck, and it is annoying it is better to wait.

That is how to look at things positively. There can be other approaches to this problem as well. Like the bitcoin community raising a united voice against this and may be working collectively for some solution. The idea you gave might be good to keep mind calmed but it can also be said that this approach is to just accept a problem as it is and never look for solution.

We really need to figure out a way to get rid of all of this, because if this rune or BRC20 type of stuff continues then we are going to get into a lot more trouble and the fee will keep on being a lot more higher.

Just like how the whole market decided that segwit was needed and added that and we are dealing with that now, we could still move away from BRC20 as a whole market and make that impossible, so that people could have lower fee. We need lower fee because I do agree that 1 btc transaction costing 10-20 is fine, but sending 10-20 dollars should be possible with bitcoin, we need to be able to send 10 dollars, paying less than a dollar, within less than 3-5 minutes.

As long as that's not possible with bitcoin, then we are too expensive and too slow, it may look like it's impossible right now, but if we stayed with legacy then we would have 100+ dollar transaction cost by now, so we know how to make it cheaper and faster, we just need to do it again. I am not a coder so I do not know how it can be done, but there are millions of people out there who use bitcoin everyday, I think some of them could come up with something that could help us with this situation if we just listen to them.

Any fees that are excessively high (different from the norm) will only irritate and create an additional burden on your own "wallet". I am sure there is no such abnormal person in the world who would be satisfied with this and like it. :)

Have to put up with this and take this unpleasantness into account when interacting with bitcoin.

In such cases, I don’t see any point in using bitcoin and alternative solutions should be considered. Fortunately, this is a temporary phenomenon.

Ok. If I say that it is irritating and I am not fine with it, what solution can you offer? I will answer for you: none. So, for now, everything remains as is.

Eliminate it?
I don't think that will be possible as long as they are also developing BRC20 or even the latest version, and it is now available with the Rune Protocol which is being developed.

Some updates that can be useful and good for the Bitcoin ecosystem do need to be done so as not to directly disrupt the ecosystem by typing too many transactions that occur.

Cost may be the main obstacle, but then the speed of delivery is the main thing.
I'm also not an expert in bitcoin or the network, but I'm a user of the bitcoin network from the beginning and know how bitcoin developed before and after BRC20 or Bitcoin layer 2 etc.

No one is okay with high transaction fees, it certainly annoys everyone. So if we are seeing it happening in the market, it's best not to make transactions and just wait for the market to be back to normal, otherwise you will only be selling or buying already quite a loss.

However, it's one thing that we can't get hold onto. So just accept it and leave the market if it's currently happening.

Bitcoin high fees and network congestions have been one of the menace that have plagued this industry for a while now, and each time the network get congested resulting into high fees in the bitcoin network, it always leave a bitter experience for most active bitcoin users like in a situation were you are in dear need of your bitcoin and no matter how small the amount of bitcoin you want to send you get charged a high fees which is something that not many will be cool with me, although the network may get to a cleaner stage where no much attacks that could trigger any more of such network bad experience.

The damage is done in some cases. The irritated user might move permanently to some other altcoin with better experience.

I think everyone will be annoyed by it especially the very expensive cost of the amount of money we send in small amounts, but that is also not a reason why people should complain about it because there are many other crypto options to be transacted at a cheaper cost and there is no congestion. This kind of thing is also experienced on ethereum where transaction fees are quite expensive and there is often congestion but after many L2 networks now the Ethereum network is not experiencing congestion. that's why there are many choices now to avoid it.

Who the heck wouldn't get irritated by it? Low fees seem like a blessing since they are virtually dust while high fees seem like some sort of messed up curse. However, LN helps rectify these issues, but it isn't available everywhere sadly.

Another great solution is depending on altcoins like LTC, Doge, XRP etc which have consistently low fees though the conversion rates vary a lot.

It is indeed irritating not sometimes but always to be caught in high fees when making a Bitcoin transactions. Using altcoin is good But then if our holdings is in Bitcoin and is in our custodial wallet and it happens that we have a  need for money and our fund is kept in BTC, and luckily the fee is surging, we have to convert them to LTC and other crypto to enjoy a much lower fee in the following transactions until the Bitcoin network congestion subsides. So we suffer to pay for higher fees before we initiate the conversion.

I do agree that if we are irritated by excess Bitcoin fees, we have to look for an alternative and that is getting altcoins for cheaper transaction.  It maybe bad since this one needs us to trust our fund to third party exchanges, but using the same centralized platform for transfer also saves us from fee.  Internal transfer for most platform are free of charge.

For me, yes, I feel irritated. Because sometimes I need to buy some online products where I don't want to use my card when Bitcoin is accepted. But sometimes it does need 70 dollar equivalent fees to make a 50 dollar equivalent Bitcoin transaction. So will it not irritate me? Yes, it tried it namecheap, and I needed to buy domain hosting for my clients. But due to unrealistic fees, I wasn't able to do transactions through Bitcoin and was forced to use my card. I don't feel comfortable using my card online. But I think lately Bitcoin transaction fees have become normal. Sometimes would congested due to dust and NFT transactions. 

Yes. Bitcoin transaction fees can absolutely sting, I feel that deep in my bones when Im just trying to send a little bit of money.  But we gotta respect that Bitcoin basically invented cryptocurrency and made this whole thing possible.  The fees and slower speeds keep it decentralized and secure, which is so crucial.  I definitely get the appeal of altcoins with tiny fees that zip around quick as anything, but that speed and low cost comes from sacrificing some of that bulletproof security.  So its about each person deciding what they value more - the OG crypto secure vibe or faster and cheaper and I choose the first honestly.

Exactly. Everyone gets irritated and worst is we can't stop it from happening since it has been happening already from the start. And the fact that everyone needs to sell at some point due to some personal reasons, then just accept the fact that you'll definitely experience losing some of your funds. The best solution is, just try to hold a bit more and only decide to sell when the market has already recover.

To be honest the fees don't irritate me, because I am not sending regular transactions. Not only do I reduce the total number of transactions I send, but I try to include as much as possible in each transfer to avoid UTXOs accumulating. Long term, the more transfers you make and the more UTXOs you generate, the more you will end paying in fees. This will far surpass any amount of fees caused by network congestion. You can learn about UTXOs here:https://www.kraken.com/learn/what-is-bitcoin-unspent-transaction-output-utxo

when it network because congested it can take days for your Bitcoin to drop everyone must have experienced this and it can be frustrating we all know but there is nothing that can be done about it when the whole thing starts getting too congested and you are expecting it to drop maybe you want to swap it, you won't have a choice than to wait the high fee is even worst than the congestion itself I thought it was always Ethereum transfer chain that is always expensive but when bitcoin chain gets congested the fee can be so crazy. the amount you are spending does not matter at that particular time, the best thing is just to check the situation of the fee before you start sending so that your money doesn't get hooked, so the mempool should be consulted before anything. I know how it feels to be waiting for your money to drop countless times.

Yes some times when the transaction amount is low but fees are higher in such cases I am using ltc as payment option to offer my services. With the price of btc transaction fees are also increased from last few years.

Anyone who says they don't feel frustrated when faced with bitcoin's congestion or high transaction fees is lying.

Honestly, high transaction fees and slow speeds are annoying and frustrating, and this is one of the many reasons why I believe bitcoin is unlikely to become the perfect alternative payment method. I don't think any of us feel generous and happy paying extra for our transactions, especially if they are small and frequent payments. When it comes to payment methods, what we need is speed and cheap fees but bitcoin cannot provide this. This will make many people dislike it but that is what bitcoin is facing and we need to accept the truth.

Nowadays, there are many stores, companies...that accept bitcoin as a means of payment, but I think not many people do so because they consider bitcoin not only as an investment but also because the high fees are a barrier.

This can only occur in extreme cases of network congestion, i.e. when the Ordinals and runes spam were filling BTC blocks, other than in such times, i don't think it is possible to encounter transaction fees so high, when did this happen to you? However, you should also consider consolidating your utxo's if you have many utxo's, this will help you to save up on fees in future transactions.

Spending high amount for gas fee is absurd and you can imagine you paying a higher fee than what you want to withdraw and how does this sounds to you? Not everybody would be happy with such situation as it would be very frustrating to those who can not put up with the gas fee. At first did Satoshi develop the Bitcoin ecosystem for users to be paying a higher fee than normal? I know you would say no then why the high outrageous amount of gas fee paid for transaction? Well the transaction fee is currently okay now and one can be able to do their transaction with minimal fee.

This is just the law of supply and demand at work, the space on each block is limited and if the demand rises all of a sudden then those that want to get their transaction confirmed faster will pay higher fees to do so, while those that are not willing can wait until the fees get lower, now without a doubt it makes no sense to pay more for the fees than the amount you want to send, so in that case you do not really have too much of an option and you will have to wait until the demand gets lower and you can pay a low fee again.

When those who do transactions every day then indeed say they are not bothered by network fees that in previous months even seemed unreasonable there is an element of being a lie and too naive but when those who do not do this every day and prefer to transact by waiting rather than paying more expensive fees as I do now then I think I deserve to say that I am not bothered by network fees.

Because after all, when we say we are bothered by network fees, we indirectly feel it and feel a little disadvantaged by higher fees but I never feel that way because I prefer to wait when fees are high rather than force myself to transact especially when there is nothing urgent that I need to do to transfer faster.

No I dont. If you can't afford the transaction fees then you better not make any transactions at all and wait for it to become less. It is not always like that where the fees are too high for you and to be honest, the fees right now are not even the same as before (not too long ago) where it small scale bitcoin holders can't afford. If you don't want to wait for the transaction fee to become cheaper then you should own other crypto when it happens and especially if you need funds for emergencies.

I say all the time. Who gets not irritated actually when we are in need to sell our coins to cover up emergency expenses, but then against there's having a network congestion, so that block us from selling and not end into losing some of money. One lesson I learned, have your emergency funds ready all the time so we won't be forcing ourselves to sell at a wrong timing.

There's no way I'll be fine with it to be honest. But somehow, I know the development team is already working on it, hopefully it will be given a solution in time. For now, if there's no need to sell, then stay hodling, but if it's needed to sell with no other choice, I guess just accept the fact that you are losing some of your funds. Acceptance is the key if ever.

High fees don't irritate me too because I know they're not going to be around always but only around because of some congestions. The only time we get high fees are when there are congestion on the Blockchain and I don't see that as a problem because it shows that Bitcoin Blockchain is busy and this means many people are doing transactions on the Blockchain and adopting Bitcoin gradually. Sending bigger amounts of Bitcoin out is better than sending small transactions as it makes you to have lots of UTXOs that you have to pay for later and this increases your transaction fees. Durning this time that fees are high and you're making use of a non constodial wallets that allows you to set up your fees, you can adjust your fees to what you think is appropriate and wait for the miners to confirm.

These days there are hardly any conjestion on most blockchains. I think BItcoins wasnt as bad as Ethereum in the past. The issue with Bitcoin was only if you had many unspent inputs and you had to consolidate them. I had a sig campaign that paid $100, and when I had to consolidate the transactions i lost like $2-3 per transaction because there were many of them.

Worst in the past was ETH, especially when moving around stablecoins. I think in 2017 or so, I remember I had to pay $50 just to send a single USDT transfer, it was brutal. You can forget about minting NFTs, or swapping with those fees. Right now the network is dead and you can get away with 1 GWEI for many transactions, especially on weekends. But if the bull market returns for ETH, then I wont be surprised seeing 100 Gwei fees like in the past.

Owning to the choice of word, I can't get irritated by the high transaction fee of Bitcoin but it always annoys me and it denies Bitcoin a lot at that time for I look for alternatives. Even companies handling transactions do so and also advise their clients/customers to do the same. It shows that no one is happy at that time because paying less is better than paying more. This is never a win for Bitcoin and no thanks to the miners who have monopolised everything, they are the only happy class at that time.

I have written in the past here on the forum on a similar topic that up to 12 sat/vB is okay for me as a transaction fee. Anything above it makes me frustrated but not irritated but a few months back when the network was congested and the fees went above 200 sat/vB at that time I was irritated and frustrated. Currently, the transaction fees are so low that it is hard for me to believe them. I do not know how long will it remain in the same way but as of now a lot of us are enjoying the low fees.

To me, it's just a natural phenomenon, and as with any other natural phenomena, I ought to accept it and move on. Bitcoin is designed to sometimes have very high fees, and as time goes by, the network must be even more congested than it is now, due to block subsidy decline.

It's the price you pay to have a hard cap at 21 million coins. In tail emission, all coin holders pay through inflation. In Bitcoin, it's those who transact. Someone always has to pay for the security. I'd rather have both options, and observe the preferences of the market.

Yes, that irritate me when I want to send some money but I can not do anything and just wait for some time until the fees reduce. But if after that the fee is not reduce, I can not do anything except send the money especially if I have an urgent situation. We have this experienced before so we are familiarized to see that situation and we can hold our emotion when we really need that money. We can only accept the high fee if we really want to send that Bitcoin so that will be up to us when we want to send it.

You don't feel annoyed because you don't make transactions frequently and you can wait for the transaction fees to go down but for those who have to make transactions frequently this is really irritate and troublesome.

As you said, having more transactions shows that bitcoin adoption is increasing, but what do you think will happen if this adoption becomes global, when the whole world uses bitcoin? I believe that small investors like us will no longer have a chance to use bitcoin, not to mention high fees are not a problem.

Not to mention, this will make bitcoin unable to become a means of payment, people will hesitate to use bitcoin for payment when having to pay additional transaction fees. Don't underestimate high transaction fees, this is a hindrance for bitcoin.

I do very often. It is probably the biggest reason that makes me invest in alts like doge and litecoin because they have low transaction fees. A domain costs $10 or smth, it doesn't make sense to make these small purchases with bitcoin at all. And I don't find lightning network useful either. I'd rather use a real decentralized alt like litecoin instead which gets the job done very quickly for very cheap. I treat btc more like digital gold. Hold hold hold till you have a decent amount and get retired when you do.

What's stopping small investors from using BTC, a lot of us here are not whales, so we mostly fall under the umbrella of small investors, but we still use BTC, maybe not for micropayments, but for cross-border and macro payments and also as an investment and hedge against inflation.
Take note that tx fees are not always high, many times there is no congestion in the network and it is very cheap to make tx's in such times. Tx fee is ~ 3 sat/vB right now, so it is not expensive.

^    ^
says the guy that wants higher fee's so that it irritates bitcoiners and gets them to move to his preferred network
you can always spot a person that prefers other networks. because they adore features that cause issues for bitcoiners

...
bitcoin was made to get away from the stupid tricks of fiat economics
bitcoin can operate with less fee's but the dev-politics that govern* bitcoin want excessive fee's because they own a subnetwork they can profit from if they can recruit people over to it

it makes me laugh that people dont want the actual bitcoin market to grow but instead want the "fee market" to grow..
it makes me laugh that people think a $100 hard drive is too high a price to cover 5-10 years of bitcoin blockchain but $100 per tx is fine

*(government(policy makers): core)

Everyone who transacts bitcoins wants to transfer their bitcoins cheaply. When Bitcoin transaction fees rise up, it can seem a little annoying to everyone. This becomes a big problem especially for those who do small transactions. This is a big problem for many people who collect bitcoins regularly, especially those who use the DCA strategy. Many people are reluctant to use Bitcoin when the transaction fees increase so much that they are worth more than their original money. However, for those who are large holders of Bitcoin, transaction fees are not a problem, but when transaction fees increases, the price of Bitcoin also increases. I usually hold transactions during the periods when the fee rising because I know it will go back to previous position.

Oh absolutely, I’ve taken a few higher fees just to have the security of my coins and it was absolutely very frustrating that the fee was that high, I basically got a whole percent of a Bitcoin stolen from me at the time it was absurd. It was at the beginning of the ordinals fiasco when fees were at an all time high basically

Looking at your contribution in the thread you created on 26th July 2024, it seems as though you do not have much of an interest in what others are writing. The three posts you have made demonstrate it.

And what cannot be overlooked is that when you did manage to write you barely strung along enough words to remain coherent to a degree. The question that comes to mind is why would anybody other than puppeteers controlling alt-accounts and farmed accounts behave in this manner?

I remember a particular event in the bitcoin ecosystems some year back when I was at the new to the industry a d not understanding how the bitcoin memopool congestions bitcoin fees and network..

Time is very important because in my own situation, I hard to pay above $20 for I

I'm talking about a future where bitcoin is globally adopted and everyone uses bitcoin. If we don't have a solution for bitcoin transaction fees, what will happen?
BRC and Rune alone caused the bitcoin network to become congested and fees to skyrocket. So what happens when there are billions of people using bitcoin and transacting every day?



Do you think BRC and Rune will stop anytime soon? I'm not that naive and I bet you that as the market heats up again, things like BRC-20 will continue to appear and the bitcoin network will continue to get congested. To be a means of payment, we need a stable network, not waiting for cheap fees to use or having to wait up to 7 days to complete a transaction when bitcoin is congested.

And as I said: what will happen when bitcoin is widely used in the world, does that mean transactions will be 10, 100 or even 1000 times more than now and what do you think the transaction fees will be? We need a long-term solution for the future, not just looking at the present.

Yes those Bitcoin fees do make me mad if I must sell some of my coins. I do not send alot of Bitcoin but paying those fees I do not like to spend satoshis for that.
And if it is congested then we are paying so much more for fees. I wish there was a way for us to avoid having the fees. But then it would not be Bitcoin without them.

You are welcome.

I have gotten used to the congestion and Bitcoin's high transaction fee, it doesn't happen all the time so that's fine by me, I am someone who will go for what Bitcoin has to offer me as my store of value rather than the charges on transaction fees, nothing else does it better than Bitcoin and no blockchain project is 100% perfect in this crypto space.

The last time I experienced a high transaction fee was in 2023 I think, it's been months now, I had to use Booster online and someday I had to leave my Bitcoin in my wallet until the fee was fair enough, if you are moving small BTC then you will have a problem, but for those with high amount of BTC, they dont mind moving their BTC around.

If you want to know how I felt then I wasn't happy, I was sad because I needed to make transactions at the time, but I got used to it, even some BM on this forum started using USDT to pay members instead of BTC, but a few weeks later thing went back to normal.

Obviously, no one is comfortable with high transaction fees for small transactions, but you can wait out the congestion to delay transactions until the transaction fees return to normal. You must be prepared to face this situation so that you are not too disturbed when transaction costs soar. If your goal is to store Bitcoin for the short term, you should leave a small portion of assets that are ready to bear the risk in the Exchange wallet so that you are not disturbed when transaction costs are high. Storing assets in an Exchange wallet is not the best advice, but if the amount is small and you are willing to take the risk, you will not experience any problems with transaction fees.

No one feels comfortable spending a lot of money on transactions, especially small transactions, but we need to know that it is the price we need to pay. If we want bitcoin to maintain its decentralized nature and protect our privacy, paying higher fees is acceptable. Like any other service or product, if we want better quality, we need to pay a little more than others.

Nothing is absolutely perfect: if we want privacy, want to ensure safety, we need to accept high fees + slows and vice versa. Bitcoin offers privacy and security but sometimes comes with drawbacks like high transaction fees and congestion. Meanwhile, altcoins will have cheaper fees, faster speed but the network can be attacked at any time, our privacy is gone. The choice is up to each person.