Should we use Bitcoin for regular transaction now?

[ArthurY]

Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

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[boyptc]

Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

Yup that's too much.

If you find it too much, convert into alternative that has cheaper fees. But once the mempool is smooth and isn't loaded a lot, you do your transaction or if the receiver isn't needed to have a quick confirmation, adjust to lower fees.

[acener]

You are free to use it as regular currency as much as you want but would it be wise to use it ?
Why would we use it if we would pay more than what we should?
If we could use it without the transaction fee then yes I would consider using it but if not then I would rather pay with Fiat.

[peter0425]

Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

Wait for another few days and that would change the Mempool sooner .

Bitcoin is not going high anymore and there would be a Dumping sooner .


I love bitcoin but let's admit the fact that those will drop in any time now.

[decodx]

Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

It depends on what you consider as a regular transaction.
If the transaction fee is too high for you, you are free to use alternative methods. And whether it's too much or not is a matter of opinion. Everyone has their own way of doing things.

[Twinkledoe]

Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

It depends on what you consider as a regular transaction.
If the transaction fee is too high for you, you are free to use alternative methods. And whether it's too much or not is a matter of opinion. Everyone has their own way of doing things.

That is right. If you will pay for small purchases, I don't think it is practical to pay using bitcoin. But if you are sending good amount of money to overseas, the fees that you will incur is still pretty cheap compared to traditional remittance centers. So the use of bitcoin for payment method depends on your needs. Not all people are going to use their bitcoin for purchases because as much as possible they want to hold it for long term.

[ArthurY]

My transactions is totally stuck. Average commission is about 20USD right now or 153 sat/vB. Hell. Do you think that miners pumping that?
There are about 190 000 transactions stuck in mempool right now

[Poker Player]

I don't know where the OP got the idea from, but,  if normally Bitcoin is not very good for day to day transactions (I'm not taking LN into account here), at this moment even less so because of the fees. It is still the best store of value and for that the fees do not matter so much.

[cryptoaddictchie]

Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

It is much actually. Satoshi envision to make bitcoin as a means of peer to peer transaction. However he didn't maybe estimate that if the users are so many of course this would result to a lot of factors and disadvantage and one of it is the gas fee increases as too many holders and transaction now compared to early days. Anyway only few I knew here still on that stage but because they already used to it.

[Alucard1]

Actually, I still prefer using fiat currency for a regular transaction as we don't need to pay the transaction fee for it compared to cryptocurrency, we don't need as well to wait for 2-3 hours before the transaction becomes complete. The transaction fee this day is not a joke, it is too much so it would be better if we are going to change the currency that we are going to send, just choose something that has a lower fee.

[Kong Hey Pakboy]

If the transaction fees are stable and it goes down and will never go up again, I am pretty sure that we can use it for daily transactions but considering what is happening now with the expensive transaction fees, I think it wouldn't be good for us to use bitcoin for that. Not to mention that bitcoin is volatile, you might've paid right today but tomorrow you could've paid mode or less than today.

[Lucius]

Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

For microtransactions, the answer is of course No - so include common sense and try to explain to yourself that it is not normal to pay a $20 fee for a transaction that is worth the same or maybe even 5 times more. If you really want to pay with crypto, look for alternatives in some altcoins that have very low fees - or see if you can apply the BTC Lightning Network for transactions.

I believe this situation is only temporary, we all need to be patient and not panic.

[Botnake]

If you can't wait you can still use bitcoin, however, if you want to see it confirm in hours or minutes, then altcoins is the answer. Just trade your bitcoin to any altcoins with high volume, and you'll enjoy a cheap fee. For me, I don't transact a lot these days as the fees are really high,  so there's no sense in doing micro transaction.

[mk4]

Obviously base-chain bitcoin transactions are going to be a bit too expensive for low-valued transactions. Well, fortunately we have lightning, and it's mostly not that hard to use. Unfortunately it's just that not that much merchants accept BTC through lightning as of yet.

https://bitcointalk.org/index.php?topic=5250677.0

[Lorence.xD]

Maybe if the inherent volatility of bitcoin is finally tamed then we could probably consider using it as a daily currency but right now, I don't think that I will be unknowingly overpay my groceries. Maybe we could do a big transactions but for small transactions, I think that it will be a hassle co.pared to fiat.

[bittraffic]

It's not mandatory to use BTC for a transaction, it's still cheaper to send USD to someone as payment but if that someone accepts other altcoins like XRP or DOGECOIN, the better since these two are fast. As much as possible, I don't send my BTC and ETH unless I have no option anymore. It's too much of a fee when sending these assets. 

[killerman2]

Many new companies and project working on it to accept bitcoin as a payment services but yet far away to use it for daily transaction. Bitcoin future looking very bright and we still hope that in future we may be able to accept it and use it for daily transaction

[boyptc]

My transactions is totally stuck. Average commission is about 20USD right now or 153 sat/vB. Hell. Do you think that miners pumping that?
There are about 190 000 transactions stuck in mempool right now

That's sure a lot of transactions that have been stuck and that's why fees are higher this time, there's lesser miners to confirm that.

Try to rebroadcast your transaction.

[btc78]

Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

I think the trend is changing now because of the bitcoin price is starting to drops down badly (Hopefully it will happen ASAP)

Many new companies and project working on it to accept bitcoin as a payment services but yet far away to use it for daily transaction. Bitcoin future looking very bright and we still hope that in future we may be able to accept it and use it for daily transaction

Well those companies that adopting bitcoin is so far not for daily use but instead for future using .

They might be funding their company by crypto so in case there is a collapse of economy in the future yet Bitcoin will be their savior .

[noorammak]

A transaction fee of $ 16 is too much and is not suitable, so just viewing Bitcoin as a store of value is enough. Bitcoin adoption can be regular if we wrap Bitcoin on another blockchain with higher speed, cheaper transaction costs. There are some suggestions like Binance smart chain, TRONIX, SOLANA ...