How long the high transaction fees will last?

[cryptoaddictchie]

Real scaling? That would mean finding a way to make data that has to be processed by each node smaller and smaller, and therefore making what the network requires from full nodes lower and lower.

Seems impossible but we dont knownin the future if someone can able to configure such tech for this to work. But I doubt the scenario wouldnt slow down for months as Social media keeps getting attention on these ordinals. The more people expose to this then many more would be interested to waste high gas fees just to earn a fraction of potential profits from high floor prices on dapps supporting the ordinals. More pain for bitcoin users small or big people.

[Z390]

We don't know what will happen to Bitcoin fee in future but I promise you guys, if Ordinals go parabolic in 2025 there won't any room for small time Bitcoin investors, you will.be paying over a $100 for a single BTC transaction, let's hope that Ordinals wont do good in the near future, or else many people are going to get pissed off and leave Bitcoin, maybe Ordinals will be the Bitcoin killer for the first time in Bitcoin history, this is so bad and many people pretend that everything is fine, it's not.

[Aikidoka]

As I check the mempool now, Bitcoin fees seem to have cooled down with a medium-priority transaction costing around 50 sat/vB. This is relatively low compared to the past few days. However, it's important to note that this may not last and the network could become congested with transactions causing fees to skyrocket once again

I remember when Bitcoin's fees reached $32 during the peak of its price and that was insane. However, the fees eventually decreased along with the price of Bitcoin.

As for the future, it's hard to predict but we hope that a solution will be found to control fees so that we don't end up paying small amounts of Bitcoin with high fees of $100 or more, which would be a problem. The Lightning Network could be a potential solution, but only time will tell.

[AHOYBRAUSE]

As I check the mempool now, Bitcoin fees seem to have cooled down with a medium-priority transaction costing around 50 sat/vB. This is relatively low compared to the past few days. However, it's important to note that this may not last and the network could become congested with transactions causing fees to skyrocket once again

I remember when Bitcoin's fees reached $32 during the peak of its price and that was insane. However, the fees eventually decreased along with the price of Bitcoin.

As for the future, it's hard to predict but we hope that a solution will be found to control fees so that we don't end up paying small amounts of Bitcoin with high fees of $100 or more, which would be a problem. The Lightning Network could be a potential solution, but only time will tell.

That were crazy times, high btc prize and high fees, the mempool in red for a while. Nobody wants that back, except the high btc prize of course.

Actually right now it's filling up a bit again but I am also happy this fee drama seems finally over, at least for now.

Had several transactions the were stuck for over a week and now it's all gone through. Curious to see what happens in the next days. Hopefully this doesn't happen again so soon since some people here (from not so lucky countries) actually rely on the btc they earn from the signature campaigns. Can't imagine how they feel then their "salary" doesn't get any confirmation for such a long time.

[Davidvictorson]

As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

All gamblers are in the same boat as you right now. As for the NBA playoffs, it depends on the game you want to bet on. If it falls on a weekend, it may be helpful to do the transactions at night or even during the weekend when there is less congestion. Transactions will be less faster than if done during the day. However, if you cannot wait, try other alternative coins.

[Magic-Money]

That is so crazy with a such transaction fees, which even you won and want to make a withdrawal, in this gamble platform, the fees we still be high, which is the only team of the sites program can only answer the question on how long the high transaction fees will last.

[jokers10]

We don't know what will happen to Bitcoin fee in future but I promise you guys, if Ordinals go parabolic in 2025 there won't any room for small time Bitcoin investors, you will.be paying over a $100 for a single BTC transaction, let's hope that Ordinals wont do good in the near future, or else many people are going to get pissed off and leave Bitcoin, maybe Ordinals will be the Bitcoin killer for the first time in Bitcoin history, this is so bad and many people pretend that everything is fine, it's not.

The majority has no clue what to do with that so it is good that they pretend that everything is fine. As for those ones who understand something about the core, about the layer 2 and sidechain decisions, they see what happened and they are searching for a solution. There is also an idea to use LN for Ordinals what should lower the negative effect of mempool overflow. Of course we know there are problems caused fee growing recently and we understand that they can become bigger, but solving these problems will take time and there could be multiple direct and indirect measures on the path to that goal.

[Oasisman]

As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

All gamblers are in the same boat as you right now. As for the NBA playoffs, it depends on the game you want to bet on. If it falls on a weekend, it may be helpful to do the transactions at night or even during the weekend when there is less congestion. Transactions will be less faster than if done during the day. However, if you cannot wait, try other alternative coins.

I think using fiat for the meantime helps a little when you're chasing for a game that you really love to place a bet on. Of course you're not gonna use the crypto casino for the meantime. It's just too risky to force your transactions with higher fees and then you'll end up in a lossing bet. That's like lossing more money because of the transaction fees.
A few altcoins would also suffice.
Mempool is now a little less congested and it's gradually going back to normal.

[AmoreJaz]

That is so crazy with a such transaction fees, which even you won and want to make a withdrawal, in this gamble platform, the fees we still be high, which is the only team of the sites program can only answer the question on how long the high transaction fees will last.

i've been watching the mempool for few days, and i've seen the high priority to be at around 50sat and now it is at 62sat/vB. so this is not bad at all after last week's congestion getting as high as 200-300sat/vB just to confirm the tx after few hours.
check the mempool site - https://mempool.space/, and you will know if you are at the peak or not.
also, some casinos are shouldering the withdrawal fee as they have fixed fees. maybe, you are playing on a site where they have dynamic fees according to the current mempool activity.

[Bitcoin_people]

That is so crazy with a such transaction fees, which even you won and want to make a withdrawal, in this gamble platform, the fees we still be high, which is the only team of the sites program can only answer the question on how long the high transaction fees will last.

i've been watching the mempool for few days, and i've seen the high priority to be at around 50sat and now it is at 62sat/vB. so this is not bad at all after last week's congestion getting as high as 200-300sat/vB just to confirm the tx after few hours.
check the mempool site - https://mempool.space/, and you will know if you are at the peak or not.

One thing I noticed was that the transaction free was overrated for just a few days. May be transaction fee has not increased so much before I don't know for sure but this is the first time I have seen this much transaction free increase in bitcoin network. But as long as the increase in transaction fees has been the biggest problem for Bitcoin investors. I also used to see from mmipool but it has reverted back to its previous position and now free is much less. At the moment I can see that the pressure on Bitcoin Transaction Free Blocks has decreased a lot. And right now transaction 24-29 sat/vB today transaction fee seems a bit less  than yesterday but it is temporary and will not take time to recover.
https://mempool.space/

[Patrol69]

Bitcoin transaction fee is not fixed it is variable. Bitcoin transaction fees are subject to change on a case-by-case basis. 
Bitcoin transaction fees can change over the course of weeks or months. We generally know that when there are more transactions in Bitcoin, the transaction fee of Bitcoin usually increases a lot. Maybe now that Bitcoin's transactions have increased so much that it has an impact on its transaction fees. 
But when the bitcoin transaction fee increases a lot, that temporary period becomes very difficult for us because we cannot do any bitcoin transaction during this temporary period. Because the amount of Bitcoin we need to transact becomes much higher than the transaction. Hope this problem will be solved soon.