Wow. Totally amazing.

[Psybetronic]

We all pride ourselves on bitcoin this and bitcoin that.
I just set a very low fee for transactions on my electrum wallet. It's so low that is been hours and not even one confirmation yet. I assume that it will take days.
With this low fee, I had a look and it cost me .00041 btc for transaction. 8 dollars. Hahaha.  Wow. Explain to me people,  how is it better to use crypto currencies? Transaction taking days with a cost of  8.90 Australian dollars.
That's just pathetic.
Going back to Western union and bank transfers.

[1715101729]

1715101729

[1715101729]

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[mk4]

That's because the blockchain is heavily congested right now, simply because a lot of people(or systems that use bitcoin) are making transactions. Take note that bitcoin is still in it's very very young stage, and we're yet to find solutions to the current scaling issues(besides lightning network).

As of now, make it a habit of checking if how many unconfirmed transactions there are before sending your transaction. Currently we have a staggering 204,000 unconfirmed transactions. Source: https://blockchain.info/unconfirmed-transactions

[Rahar02]

I always set custom fees $0.5-$0.8 which confirmed within 1 minute or few hours but it's been a long day since the last time my transaction stuck for days. It's better if you provide the txid to support your claim as BTC0.00041 is a big fee obviously, in that case, your transaction may too big or mempool is too overloaded.
You may check current mempool to decide whether your transaction will be confirmed within minutes or hours, <200K unconfirmed transactions and BTC214 total fees isn't too much compared to a few days ago that reach over BTC1000. But it seems current network require high fees to included the transactions into the mempool, just don't do any transactions if you don't want to pay ridiculously high fees.

[HasHe]

Actually,most people are just trying to sell their bitcoins since the price is very high.So,there is a huge congestion in the network which has led to almost 220,000 unconfirmed transactions.That's why,the fee is high.You could try to use any of the free acceleration services provided in the services section of this forum.Also,we could hope that lightning network would be soon activated which would solve all these issues.Just don't use bitcoin for just few days until this congestion gets solved.

[lelou]

Sadly this traffic and high fees are the reasons why bitcoin can be used as medium of exchange. Bitcoin is like gold, it holds a big value but you can't trade items with gold directly.

[DaMut]

the reason behind your unconfirmed transaction due to overload traffic that lately we faced.
and with your fees i believe you will get it for more than 1 day or even 2 days if i remember it correctly,
some of my friend did the same thing like you and need to wait it for a while.
maybe that is the reason behind this crazy pump other than news that will come to us.
for me it would be better using it other than western union and something like that,
it's better other than else when the traffic is fine and nothing wrong happen with it,
ironically,something like this will always happen whenever we're reaching all new high.

so if you're asking about how is it better using cryptos other than else when the traffic like this,
i think the answer is no,of course it was worse other than else.
(of course it will only that way when the traffic like this)

[CryptoBry]

That's because the blockchain is heavily congested right now, simply because a lot of people(or systems that use bitcoin) are making transactions. Take note that bitcoin is still in it's very very young stage, and we're yet to find solutions to the current scaling issues(besides lightning network).

As of now, make it a habit of checking if how many unconfirmed transactions there are before sending your transaction. Currently we have a staggering 204,000 unconfirmed transactions. Source: https://blockchain.info/unconfirmed-transactions

As for me I am avoiding Bitcoin transactions at a time like this when there is a huge clogs all over the Bitcoin network resulting into high fees because we are now like a bidding process...when there is more backlogs there is a need to pay higher fees in order to be on the top of the list. This is kinda sad because this is actually a slap on the face of Bitcoin...as it is supposed to be fast and cheap. Well, yes, Bitcoin is still young but there is really a need for decision-makers to come up with an acceptable solution ASAP as more and more people are feeling the pinch. The message is quite clear: This can't never continue and a solution has to be found!

[Kemarit]

We all pride ourselves on bitcoin this and bitcoin that.
I just set a very low fee for transactions on my electrum wallet. It's so low that is been hours and not even one confirmation yet. I assume that it will take days.
With this low fee, I had a look and it cost me .00041 btc for transaction. 8 dollars. Hahaha.  Wow. Explain to me people,  how is it better to use crypto currencies? Transaction taking days with a cost of  8.90 Australian dollars.
That's just pathetic.
Going back to Western union and bank transfers.

Looks like you intentionally set the fees so low. So what do you expect? I can't remember how much I set with my recent transaction but it took me around 48 hours if I'm not mistaken. I'm frustrated of course, but when I checked mempool its clogged with more than 200,000 unconfirmed transaction that time. But I'm happy that I get it in 2 days, unlike Western Union or Paypal which would allow you to get in 3-5 business days. Well, Lighting Network (LN) is being tested right now so it ever this will be implemented, this whole issue will be minimized.

[Mahanton]

We all pride ourselves on bitcoin this and bitcoin that.
I just set a very low fee for transactions on my electrum wallet. It's so low that is been hours and not even one confirmation yet. I assume that it will take days.
With this low fee, I had a look and it cost me .00041 btc for transaction. 8 dollars. Hahaha.  Wow. Explain to me people,  how is it better to use crypto currencies? Transaction taking days with a cost of  8.90 Australian dollars.
That's just pathetic.
Going back to Western union and bank transfers.

Looks like you intentionally set the fees so low. So what do you expect? I can't remember how much I set with my recent transaction but it took me around 48 hours if I'm not mistaken. I'm frustrated of course, but when I checked mempool its clogged with more than 200,000 unconfirmed transaction that time. But I'm happy that I get it in 2 days, unlike Western Union or Paypal which would allow you to get in 3-5 business days. Well, Lighting Network (LN) is being tested right now so it ever this will be implemented, this whole issue will be minimized.

If we do convert Australian dollar on usd then it would normally charged up 5usd which I do consider as high already and this fee is set out on default on electrum which I am using now.Its not actually low since I do consider this already as high and I cant imagine on the fee that you would need to pay up for a high priority transaction.It wont really be worth it at all. Network is congested right now expect miners would really demand for high fee.

[Boseda]

We all pride ourselves on bitcoin this and bitcoin that.
I just set a very low fee for transactions on my electrum wallet. It's so low that is been hours and not even one confirmation yet. I assume that it will take days.
With this low fee, I had a look and it cost me .00041 btc for transaction. 8 dollars. Hahaha.  Wow. Explain to me people,  how is it better to use crypto currencies? Transaction taking days with a cost of  8.90 Australian dollars.
That's just pathetic.
Going back to Western union and bank transfers.

I understand your point. Right now Bitcoin is simply not viable to use as a payment system, we gotta be honest about that. But please note there could be implemented scaling solution which will be able to make Bitcoin transactions fast and cheap again. Also, you mentioned banks. But keep in mind Bitcoin offers something banks and WU don't: privacy, possibility to send any amount, to anywhere, any time you want.

[oblivi]

We all pride ourselves on bitcoin this and bitcoin that.
I just set a very low fee for transactions on my electrum wallet. It's so low that is been hours and not even one confirmation yet. I assume that it will take days.
With this low fee, I had a look and it cost me .00041 btc for transaction. 8 dollars. Hahaha.  Wow. Explain to me people,  how is it better to use crypto currencies? Transaction taking days with a cost of  8.90 Australian dollars.
That's just pathetic.
Going back to Western union and bank transfers.

If you are comparing western union to bitcoin and you have no problem going back to it, then your goals to use bitcoin where never aligned with what bitcoin is.

If you still don't now how any of this works, give it a couple of years and then come back. Once every website on the planet accepts bitcoin payments through the lightning network nobody will be complaining about any of this anymore.

[dead_m92]

Well, leave out here if you dont like how the system works, no one is obligating you to use bitcoin.

In fact, you can still use ethereum, litecoin or just any other crypto who has lower fees.

Transaction taking days with a cost of  8.90 Australian dollars. That's just pathetic. Going back to Western union and bank transfers.

And the fees are only expensive for one reason: The whole blockchain is 100% saturated right now, i dont know if you are aware of this, but bitcoin did more than 80% in just two days, and that hyped all the population.

If you want, just leave, no one is gonna miss you.

[patt0]

We all pride ourselves on bitcoin this and bitcoin that.
I just set a very low fee for transactions on my electrum wallet. It's so low that is been hours and not even one confirmation yet. I assume that it will take days.
With this low fee, I had a look and it cost me .00041 btc for transaction. 8 dollars. Hahaha.  Wow. Explain to me people,  how is it better to use crypto currencies? Transaction taking days with a cost of  8.90 Australian dollars.
That's just pathetic.
Going back to Western union and bank transfers.

Right now, bitcoin is not good for small transactions, but if you compare the fees you would pay on a very big transaction, then you would see that bitcoin would be great for that. The fees would be minimal, compared to the amount of the transaction, and you would also avoid bank bureaucracies. Also, holding bitcoin is quite secure, so using BTC as a store of value, just like gold, is also amazing. If you want to do fast small transactions I would sugest you to use LTC, monero or dash for example. There are so many coins out there, you must choose the right one for the each objective.

[buwaytress]

Here's a simple example, not that I don't already know the poster is an anti-crypto troll, possibly subtly anti-Bitcoin! That 8 Aussie dollars you paid was not for the value of your transaction, but the size of its input. If you like keeping your wallets lean like me (I think I have mild OCD when it comes to viewing all my inputs these days) then you can as easily have $100 in one input as you could have $1,500. Good luck finding a Western Union who'll only charge you 1% or $15 for that amount, never mind $8.

In fact, at around 226 bytes on a single input, I only need to pay less than 10000 satoshi fees to get it confirmed in 1 block at the current network congestion. What's that now, less than $2?

[iamaruf]

maybe so many people making transactions.That's why need lot of times.Also you can confirm your transactions for free.You can find it marketplace services their son many people giving free service to confirm your transactions.Just post your transactions hash their.