Should we use Bitcoin for regular transaction now?

[decodx]

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.

There are good arguments to use Bitcoin in transactions for a few things; large purchases are a good example.
I'm not aware of any fiat transactions other than cash that do not incur transaction fees.

[ecnalubma]

Regular transactions? Its practically not, I haven’t transacted Bitcoin this past few months without even knowing fees already skyrocketing too. Well if were really into rush for spending keep fiat as possible and forget spending your BTC and wait for fees get back to normal.

[tatalin]

We can actually use Bitcoin now for payment. Though it's not that fast like VISA and Mastercard that can verify thousands of transactions. I am not really sure how the platform of Bitcoin will verify transactions when it comes to sending and receiving Bitcoin. I think the fee is too large if you are sending a small amount. But if you are sending a large amount, I think the 16 bucks is very very cheap.

[AmoreJaz]

Regular transactions? Its practically not, I haven’t transacted Bitcoin this past few months without even knowing fees already skyrocketing too. Well if were really into rush for spending keep fiat as possible and forget spending your BTC and wait for fees get back to normal.

yes, it is not. few days ago, i wanted to renew a domain name. and since my debit card was declined for no reason (i have more than enough balance to pay), i checked for the crypto payment option via Bitpay. and guess what? the transaction fee was way more than what i need to pay in the first place, which was about 15 bucks only. so i decided to go back and paid via paypal as the same debit card is linked in my paypal account, good thing it went thru. direct payment using debit card, it was not accepted but via paypal it went fast.  
so what am trying to say is, for small transactions, it is not practical to pay via btc these days. but if you are transferring money via cross-border payments with higher amounts, then the fees involved is still relatively cheaper than traditional methods.

We can actually use Bitcoin now for payment. Though it's not that fast like VISA and Mastercard that can verify thousands of transactions. I am not really sure how the platform of Bitcoin will verify transactions when it comes to sending and receiving Bitcoin. I think the fee is too large if you are sending a small amount. But if you are sending a large amount, I think the 16 bucks is very very cheap.

that's right. not practical to pay btc for small transactions. unless, you are out of options.

[nightxglow]

Yes that's still too much, i'm not paying 16 bucks for a fee. I guess it's not convenient yet to be used in regular transaction, since the fee will be too high. What if the fee is higher than the actual transaction? that'll be ridiculously funny lol.
I guess if the transaction fee is getting lower, bitcoin might be used for regular transaction, but if the fee is still like that, not a chance at all. People will value their money too much, maybe some will do, but others? i don't think so.

[Sanitough]

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?

The average transaction fee will fluctuate, now it's already at 5 usd and IMO it's already affordable, market congestion does not happen all the time, it's just occasional so we are now back in business with a cheaper amount of fee compared to the previous days.

[Jaycee99]

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 respect those people and local or foreign government who use bitcoin in daily use or rather daily transactions but I do not see its good side anymore, few see it as a good sign but I do not, I only see the negative side but I do not thought or think about it too much starting today, not like yesterdays and a few days ago.

I saw a post yesterday and a few days ago about bitcoin being used on daily transactions and the Government allowing its city to use cryptocurrency which has many good positive comments. Though I am one of those people who commented it as good but technically my thought was in balance and not thinking of its negative until now.

For me, I would like to share. We should not use bitcoin for daily transactions, why? I would say it is a waste of time and bitcoin. Look at this when bitcoin value goes up you can exchange bitcoin for your own currency and enjoy its benefits.

[adzino]

That depends on how much you can afford the fees. You think you can wait a bit longer for a  network confirmation? Then pay small transaction fee. But I have seen people complaining that paying less fee is causing their transaction to get stuck for more than few days right now! So, be prepared. If you are making a huge transaction and when comparing to the amount of fee you are going to be paying, if its negligible, then go ahead, use it.
By regular transaction, if you mean making small transaction, lets say to buy a gift card, then I doubt it's worth paying the network fee right now. Even if you pay small fees, it's not worth waiting for few days (unless you really can wait). So no, not good for regular transaction when the network load is very high.

[romero121]

The fiat gives fee free access, by the time who'll think of spending 16bucks for a transaction. Maybe out of curiosity and have an experience people will make use of it, but it won't turn to be the real-time usage. Right now each and every Shop is digitally connected and has got their own QR code provided by the Bank connected to their account. We need to just scan and make the payment free of charge.

[so98nn]

So, I have LTC with fee as low as 0.01 LTC which is what around 1-3 bucks per transaction plus added advantage of the lightening network?
Oh, hell no, BTC stays as an asset just to book some profits for the future. Unfortunately it's still way too loaded and higher fees. Man, just to transfer 150 bucks I need to pay 27 USD with no gaurantee that it will get confirmed instantly.

I have decided that BTC to be kept as storing asset as a future investment. If I start using BTC for regular transaction then I will end up loosing 150 bucks for every 10 transaction that I may make in couple of days?

1500 bucks for every 100 transactions. Lolz. That's my current salary in India.

By the year end I will be broke completely. So hell no!

[Sithara007]

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?

First of all, Bitcoin was never meant for instant payments. The average time interval between the blocks is 10 minutes, so instant payments are not possible (unless the vendor doesn't ask for confirmations) even if the Mempool is largely empty. It is useful for large payments, which doesn't need immediate confirmation. An international wire transfer takes many days (or even weeks) to get confirmed, so compared to that Bitcoin transactions are relatively faster and cheaper. And now the Mempool size has started to decrease once again, and the median transaction fee is around $4.50.

[isaac_clarke22]

I guess when everyone uses segwit addresses, they might be able to used for daily transactions now.
Considering that back then when I didn't use one, the fee was double amount of how much I wanted to send.

[Jacksoon999]

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.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 answe...

[Rehan Zakir]

I think no!. Bitcoin is still very expensive. And i think every transaction cost is 20 to 30$, that is still very high for a small trader. But now there are many good coins that have their own block chains and their transaction fees are very low. So use these coins for making transactions.

[kryptqnick]

So, I have LTC with fee as low as 0.01 LTC which is what around 1-3 bucks per transaction plus added advantage of the lightening network?
Oh, hell no, BTC stays as an asset just to book some profits for the future. Unfortunately it's still way too loaded and higher fees. Man, just to transfer 150 bucks I need to pay 27 USD with no gaurantee that it will get confirmed instantly.

I have decided that BTC to be kept as storing asset as a future investment. If I start using BTC for regular transaction then I will end up loosing 150 bucks for every 10 transaction that I may make in couple of days?

1500 bucks for every 100 transactions. Lolz. That's my current salary in India.

By the year end I will be broke completely. So hell no!

No guarantee indeed. I really needed to sell some BTC for fiat, and my $150 transaction cost me $33, but it was also stuck for hours even though I paid so much for it!
$14 that the op's talking about sounds very good right now, to be honest. Luckily, the fees are now starting to drop, but they're still extremely high even for quite pricey transactions as for me. I won't be doing anything with my coins for now unless I absolutely have to till the fees get reasonable. I guess I'm fine with paying more for BTC transactions than for other transactions because the price growth also means great profits if you're hodling even a little BTC, but $50 for a transaction is just too much.

[ropyu1978]

Should we use bitcoin for transactions now, in my opinion it depends on your needs, if you are going to pay for small purchases, in my opinion it is impractical to pay using bitcoins, you should just save your bitcoins, and use bitcoins for large transactions ,,

[usekevin]

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?

Actually you should have a try of exchange with less withdrew fee.Inorder to do that, you need to convert the holding bitcoin into usdt.The maximum transaction fee for the usdt is 1$.After withdrew of usdt to less bitcoin fee exchange, you need to hold your bitcoin for two days. After it reach some pump, you should further convert to btc.Likewise process is huge in withdrew of bitcoin.

[Gamerholic]

In my opinion, bitcoin can be used however you like. But if such problems arise, it would really be logical to have a variety in the asset so that you can more flexibly approach the process of paying for goods and services. If we are talking about a large amount, it is easier, of course, to pay with bitcoins. Etherium can also be suitable for medium transactions, so that you do not have to pay every $ 16 from a bitcoin wallet. Sounds reasonable.

[Kabul]

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.

I agree with you. The fees are too high at the moment for regular transaction. No one wants to waste their money for a nonsense fee like this.

Segwit/lighting network wallets are proven to provide us faster transactions with cheaper fees but I have not used it.

[CryptocurencyKing]

How you choose to use your bitcoin is always up to you. Its a currency  and should you find a merchant that accepts payment in bitcoin and its most convenient for you, then you could go with it. But, its best you recall that bitcoin is no like any other currency,  not like your regular fiat, its also an asset and as an asset, you don't just do away with it just because its a payment option available to you. Its value puts it above all that and as such, you should view it as an investment and for every bitcoin  you spend, you stand to loose something and that is, your return on investment.

So, I say again, its always up to you on how you choose to manage your crypto or bitcoin affairs. At this stage that bitcoin is still evolving, hoarding has been one way to utilise it the most.