The transaction fee in my blockchain wallet is $30 anyone know when it will become normal?
Define "normal"...
Back to 3$ back to 10$ back to...free?
The fees will drop when people will either switch en masse to segwit and thus making more room in blocks for more transactions or when they will simply stop paying more than 100satoshi/kb. But as long as some do, you will have to compete with them, and thus making the current situation....normal.
Are the high fees really due to the increased number of transactions and the blockchain becoming congested, or is it because transaction fees were always a percentage of the bitcoin price and it has become a problem now that the price is high? In any case, these fees are completely unacceptable and are deterring me from trading btc.
The fees have no correlation the the price.
We experienced 10$ fee when bitcoin was at 6k and we were able for a brief period to move funds with average 5$ while bitcoin was at 10k.
I am really curios whwt will happen during the 25/26 and 31/1 , probably we will see the lowest fees then, I'm almost willing to bet will see a close to empty mempool.