LOONG TIME, NO SEE!

[omegaflare]

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?

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[bL4nkcode]

That's normal due the current value of bitcoin unlike on few months/weeks/days but if you will observe it still the same numbers on btc denom yet high in numbers when you use fiat based.

About the confirmation, coz there is 160k pending tx as of writing (check https://blockchair.com/), si its pretty normal, but if you have higher fee then its okay to assume that it will be confirmed in just minutes

[mk4]

Moon happened. Let's not forget that fees are priced in sats. Not sure when you last transacted using bitcoin, but since fees are priced in sats, if bitcoin 10x's in price, then the fees 10x's in USD terms as well.

[cabron]

It must really be a long time that you have made a transaction using your coins. You'd be surprised also for the fee in making transactions in ETH is close to $27.00!!!!!  Welcome to 2021, you will get used to it though or maybe this could be the reason why they are shifting to doge. You should update yourself and see how DOGE is. 

[pooya87]

First of all the fee that exchanges charge when you buy bitcoin from them and when you withdraw it is not "bitcoin fee" it is actually "exchange fee" and it is always higher than the actual network fees.

Secondly $27 fee at $60k price is 0.00045000BTC which is $1.8 at $4k which is the price last time you posted in bitcointalk. This is exactly why you should never look at what you transact in terms of USD because you aren't transferring USD you are transferring bitcoin.
Besides, last time you were here the fees were so much higher than today's since there was a massive spam attack going on (in terms of satoshi per byte)! But obviously not in terms of USD since price was so much lower.

So in comparison you are paying less fee today and your confusion about fees is confusing.

[Kocret02]

Almost any increase in bitcoin causes all cryptocurrency fees to increase significantly, so it is normal for fees to increase. the only way to go down is that the price of coins goes down, because a decrease in price affects the fee

[OcTradism]

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.

Order, did you mean your order is to buy one product with bitcoin? And you will be charged with transaction fees in your total payment for that order?

If you meant so, it is acceptable as the bitcoin network has many waiting transactions and fee is very high. You have to pay more than 130 sat/vbyte if you want your transaction gets its 1st confirmation around 1 or 2 blocks. See the fee in mempool.space

I don't think you meant trading orders on exchanges. With that order type, buy or sell, you will only be charged taker or maker fee. This fee is not affected by the bitcoin network

[rodskee]

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.

[gabriela1999]

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.

[MCDev]

Most of the transaction fees of currencies on the market are calculated in the same currency, so if that currency increases, the transaction fees will also increase.
At the moment people are very unlikely to make transfers in BTC or ETH because of concerns about fees.

[mbe48]

I think this is normal, because looking at the price of bitcoin alone, it is far different from the price it used to be. The amount remains the same but the price is different. But in my opinion too, there should be an update in the system for transaction speed and shipping costs.

[acdc]

Bitcoin is the king of the crypto market and its high transaction fees are quite familiar with everyone.
Maybe at the moment bitcoin's transaction fees are so high that it's overwhelming for new entrants, but if you stay in the market for a while you'll get used to it.

[kotajikikox]

Due to the high current value of bitcoin, the transaction fees also increase, ETH is in the same situation.

This has been the situation since November last year though the fee increased so much early this year .but there are altcoins so what bothers you?

If Bitcoin couldn't solve the problem of transaction fees it probably never really became a currency.

Are you serious? Lol just because of Fee it will never become a currency? Bitcoin is already a currency for more than 10 years and what says not a currency?

[AGD]

What happened? https://cryptonews.com/news/bitcoin-hashrate-drops-after-china-coal-mine-explosion-diffi-9945.htm

Edit: This will last for more than a few days.

[J1mb0]

Should limit transactions by BTC or ETH at the moment, the transaction fees of these currencies are very high.
If possible you should convert these currencies into a currency with lower transaction fees, which will save you quite a bit.

[slaman29]

Something to do with some mine explosion in china which causes the coal supply to just suddenly get cut off, thereby not enough electricity to supply mining farms in the area. Some say it is supposedly causing a huge dip in hashrate, but I have no doubt this will get fixed soon.

Meanwhile Price has dropped $10k!

[serjent05]

It is really quite frustrating to see how high the transaction fee had been when we look at it in USD but as what pooya87 stated, the fee today is pretty much cheaper than the fee when you were last active here in Bitcointalk in term of satoshi, it's that the value of BTC had surged a lot compared to when you were last active so it is quite understandable that you are in shock.

[Dewi Aries]

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?

At past i think about that too, if price of bitcoin increased, what will happen with fees. Because sometimes it is not really change too much in BTC. It means in fiat it will boosted too. And it really happen, at past $1-$5 already can be used as fees. But now $5 bitcoin can't be send because fees are higher.

[pealr12]

This is what we have to deal with, both btc and eth are  very expensive to transact with, eth is even the worst, it is hard to chew but you have to accept it, btc is high in price sane with eth, and high transaction fee is the price for it.

[jjdub7]

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?

I don't think this is surprising, it's just the reality at the moment, high fees and a long transaction time. This is a problem from the very beginning that will not be solved any time soon. Therefore, Bitcoin is not used for payment, it is not profitable and requires time.