LOONG TIME, NO SEE!

[ene1980]

I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.

WTH is going on? Greed?

The hash rate dropped because of things that are beyond our control and it will take some time to reset the difficulty and until then if you have to pay higher fees or wait for sometime to get the transaction confirmed. If you ask people to stop transacting during this period then you can sort this issue and it is not about greed and you should know that  .

[1714923997]

1714923997

[Ararbermas]

Bitcoin's growth also makes it a significant increase in fee. Not only Fee Bitcoin increases. Look at ETH, the transaction fee is increasing every day.

correct because they are increasing value that's why the tx fee will increase as well.. It's like sending money to different banks, or let say from your E-wallet to credit card or any different wallet., once you send bigger amount it will reflect on your fees ..

Actually we are just very surprised now because we used to convert /send/cash out our money without paying a large amount of fees^{"wherein that time bitcoin and other alts still affordable."} . But now probably we must accept the fact also as long as each price in the market of this crypto seems very high as well. We have no choice! lol

[TangentC]

Bitcoin's growth also makes it a significant increase in fee. Not only Fee Bitcoin increases. Look at ETH, the transaction fee is increasing every day.

correct because they are increasing value that's why the tx fee will increase as well.. It's like sending money to different banks, or let say from your E-wallet to credit card or any different wallet., once you send bigger amount it will reflect on your fees ..

Actually we are just very surprised now because we used to convert /send/cash out our money without paying a large amount of fees^{"wherein that time bitcoin and other alts still affordable."} . But now probably we must accept the fact also as long as each price in the market of this crypto seems very high as well. We have no choice! lol

Sure you have plenty of choices.

1. If you use bitcoin, just keep your money on Coinbase or another exchange that allows offchain transfers between the members.
This way you can transfer bitcoin with no miners overlyhigh transaction fees.
or
2. Just convert to doge , where the average transaction fee is only $1 , and their block capacity are not maxed out like bitcoin.

 

[posi]

I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.

WTH is going on? Greed?

Hike in the Bitcoin transaction fee is normal and I think you should understand that this is always the procedure in the Bitcoin market whenever we are in bullish season since you have joined the market long ago. So, there is always network congestion during a bullish market but there's no reason whatsoever for you to pay $27 for a single transaction with 1/1 input and output. However, if you use a SegWit wallet address you still have a chance for a small transaction fee.

[carlfebz2]

I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.

WTH is going on? Greed?

You looks like one of the early adopter so why not Buy when the price is about a PEnny ? can't you see how much the value of Bitcoin now so why need to question about the fee?

Valuing 60,000$ and you as amazed about the High fee? lol expect that will increase when the price is already High up to the Moon now.
Best to Use altcoins instead of Bitcoin so you won't feel that Highest fee recorded.

Being an early adopter doesnt mean that they shouldnt really be surprised with the fee in spite of having lots of bitcoin but they've get used to into those cent per transaction fee wayback

which when you do make out some transactions as of today they would surely get surprised with the influx of fee and its mentioned above that its based on sats which means

if the price is high then consider the fee amount or value would be high too but nothingless it would really just come back to normal.These are just common days
where fees are up high when there's a bull run or price increase.

[livingfree]

Don't look at its dollar value when you pay for the fee because that will really be quite high. But if you go look at the fees in decimals, most of the time they're just the same as before.

But because of bitcoin is on its ATH, that makes it expensive in our eyes. That is why when you transact, make sure that you're going to pay the fee worth it with your transaction and it's not that small amount only.