Have the fees gone down?

[LFC_Bitcoin]

Current best transaction fees 10 Satoshis/vbyte | 0.0001 BTC/KvB

https://blockchain.info/unconfirmed-transactions

12,xxx unconfirmed atm

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[ToyotaFortuner]

I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

transaction costs when sending bitcoin will not decrease the more expensive bitcoin then the cost is in need of more expensive, so it all depends on the bitcoin price when you make the transaction process.

[alyssa85]

I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

transaction costs when sending bitcoin will not decrease the more expensive bitcoin then the cost is in need of more expensive, so it all depends on the bitcoin price when you make the transaction process.

It's nothing to do with the bitcoin price, it's to do with the number of transactions waiting to be processed.

In December, bitcoin was processing 400,000 transactions a day with about 220,000 transactions waiting in the mempool.

Now it's about 180,000 transactions a day and the mempool clear.

[Yamifoud]

I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

Obviously fees are just directly proportional to the current price,  since bitcoin price is getting down, we expect also of having decrease on transactions fees.  
I know we are all getting mad when it's fees goes up and limit our transactions,  but maybe this time we gonna make more stuff using bitcoin.

[audrey12]

I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

I've notice that transaction fees decrease this past few weeks maybe because of the price pull back bitcoin has. I really believe the current market situation affects transaction fees. so when the value of bitcoin drops the fees gets high but when it pump then fees gets lower.

[pitiflin]

20 cents is dirt cheap. Cool I like this now I can make some bitcoin transactions now
SegWit has been implemented in Coinbase if I'm not mistaken so yeepie! Coinbase roxxxx.....

[SaShiRaJaVu]

I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

That is true ,the transaction charges have come down considerably and even if you are not using segwit the charges are lower now,it looks like the old days are coming back,the age when there was no charges basically and i really hope that things go like this in the future too,if so we will be having more support from users for the ease of use and the options to spend in different places.

[sjefdeklerk]

,the transaction charges have come down considerably and even if you are not using segwit the charges are lower now,it looks like the old days are coming back,the age when there was no charges basically

Someone just sent me btc, I had it within a few minutes in my account ! Man if BTC would always work like this I'd actually be a strong believer But fact of the matter is that it doesn't scale and that LN sucks so it's a great idea but just won't work for mass usage.

[LuanX3]

Based on the memory pool right now, it would have been down from December till early February this year. Though its rising again, but great to see that big clog was gone. I do think the memory pool is quite sensitive to the price increase or probably the other way around, this might be a conspiracy theory but I think there are entities behind the rise and fall of the memory pool as well as the price and everything is correlated. Or, maybe I'm wrong.

[Febo]

I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

There were spam attacks on Bitcoin and increased number of transactions during Nov-Jan ATH spikes. Combining both events fees went crazy. Right now are back to normal. We will see what will neer future bring. if it will stay like this that is perfect.

Any legitimate sources for this? AFAIK those massive spikes in fees are caused by numerous people wanting to get their coins sent from A to B and some traders trying to arbitrage because of the large spreads in between exchanges. Though that doesn't seem to account for all of the transaction, still I cannot remember any talks about spam attacks during the ATH run since everybody is eyeing on gains and not the problems bitcoin is facing (and partly, if the spam attacks were real, the party/ies who did it somehow lost in their agenda.)

It was full of dust/unspendable transactions, moving few K satoshi with 200-300K fees. I think that was around the alleged Ver's attempt to made people switch from BTC to BCC. Somebody calculated that those transactions cost the attacker nearly $5M/day. But those $5M/day are nothing, compared to the money somebody made from BCH pump and dump. If I find some free time to dig around, I will look for few TX examples from this period.

There was spam attack whole last year. But when number of transactions increased because of hype it become serious and fees were even $50.
Yes most likely behind spam attacks were those that wanted bigger blocks.