Bitcoin network fees are not high is you who can't afford it.

[Razmirraz]

High network fee will narrow or reduce Bitcoin transactions by a small amount. The complaints of beginners on the Bitcoin network that they think it is too high are very basic, usually beginners do not have large amounts of Bitcoin. When they wanted to send Bitcoin, they had to give up because they were hampered by network problems. The small amounts of Bitcoin they send need to be taken into account with network fees. High fees will drain some of their money, of course this will be a big obstacle for them.
High Bitcoin transaction fees will certainly feel expensive for small transactions, this condition will potentially limit the number of small Bitcoin transactions. Those making payments for goods and services will wait until transaction fees are low to make payments.

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[Richbased]

Are you trying to show off because you can afford the transaction fee? I can also afford it but honestly it's a waste of money,  there is nothing to be ashamed of if you decide to queue using small transaction fee or just abandon the transaction for now and try again another day.

Maybe the OP is trying to show off in my own view like because someone has alot of bitcoin in his wallet is that enough reason to spend much on transaction fees? Hell no, we all know that the high transactions fee is as a result of congestion in the system which will eventually go down when the traffic becomes less. At this point I think bitcoin holders that wants to perform transactions should rather be patient and wait for the transactions fees to reduce before performing transactions or better just pay the high transactions fees that's for people that needs to perform urgent transaction.

The creator of Bitcoin never stated that this project is for those who can afford it, it's not meant for whales and not everyone will be whales anyway, mind you Bitcoin will be less attractive if newbies are finding the transaction fee to be annoying, there are too many block chain projects that offers cheap transaction fees.

Definitely, if the transactions fees continue to be this high it's really gonna scare away lots of newbies that wants to store bitcoins in personal wallets.

It's right to ignore Bitcoin if the fee is too high, beginners need to accumulate Bitcoin with ease and if transaction fee is what's stopping them they have a good reason to look else where, I already pictured how the next bull market will look like, maybe Bitcoin is made for the whales to only to enjoy, but it's not a cool thing to say.

Anyone who is accumulating bitcoins doesn't need to be in a hurry of performing transactions but rather instead should keep accumulating as against the upcoming bull market.

[Hamza2424]

First of all, Bitcoin fees are not high for the old holders those who are entering now in the market with fewer Bitcoins, The current network fees are too high for such people. As a holder as well I won't let my Bitcoins be wasted on such high network fees.

Newbies are also not aware that this kind of network fees hikes are temporary. I've seen many of fellows complaining about the uncertainty of the memepool, this is what likely we can expect on such events, More on it the over hyped ETF approval development, we can expect even worse situations in coming days so be prepared.

[serjent05]

First, as the title states clearly that Bitcoin network fees are not high but it is you as a holder who can't afford it,

In this statement, the term high is subjective.  If a person can't afford it, it simply means it is too high for them to pay.  This simply means the transaction fee is expensive.  There shouldn't be any argument on that, IMO.  Even Electrum give notification like the transaction fee is too high for the transacted amount.  Like sending a $50 worth of BTC with a transaction fee of $12, that really is insanely high in relation to the amount that is need to be sent.

the reality of things is that, most Bitcoin old term holder are not complaining because they already have experience of how the Bitcoin networks work per time, and if they want to make a transaction they rather just pay high fees and move on rather than paying low fees with long time of waiting because a lot of transaction volumes that have higher fees than yours are already broadcast into the network so it takes long time before getting your transaction confirm.

Old-term holders have enough profit to ignore the transaction fee spike.  Imagine, getting profit 50x to 100x from their holdings, even I won't complain even if the tax bloated 100x from its normal transaction fee.

[mvdheuvel1983]

Assuming that I have a business and one of the methods of payment is through bitcoin, do you think that this your logic will be correct or it applies that in this case. Nobody wants to pay anything extra high fees after making a purchase. It makes no sense especially with high fees. And it has nothing to do with affordability or not. Did you know that this is one of the issues that critics points out when talk against bitcoin and it is call scalability.

[CryptopreneurBrainboss]

I hope that a long time from now, most newbies will stop making news from this kind of temporary network congestion, and start focusing more on how to contribute to making the Bitcoin network cleaner and globally adaptable to all, for me I don't see any negativity in bitcoin but rather a lot of opportunity to develop along with Bitcoin as an alternative among another alternatives.

Currently, the high fee is a negativity buddy but we know it'll be sorted out in the future and it's just a matter of time before that happens. Congestion of the blockchain has been a big issue and the OGs aren't complaining because they're already used to this issue happening many times and it's not because they don't think the fee is high. One of Bitcoin selling point was low transaction fees but that isn't the case so you don't expect people to just accept paying miners this outrageous fees we have to pay to get our transaction confirm faster.

If bitcoin was to be accepted globally by now don't you think the scalability problem will cause many discomfort among clients, consumers using the Bitcoin blockchain. Some transaction has stayed days and weeks without confirmation and it's very annoying because many use Bitcoin because of its reputation of fast transactions. And this congestion is obstructing many business from going on.

Buddy Bitcoin network fee are high, just because you can afford it doesn't make it not high, this is meant to be an industry for everyone and not only for the rich ones among us. We're already at a disadvantage to the elites with the banks, it won't be nice been at a disadvantage here as well when this is meant to be where we come for equality. Instead of denying the fact on ground, we should put heads together and come up with a solution that'll solve the scalability issues and one that can be widely accepted too by the community.

[bluebit25]

It's a problem for some parts of this market, but it's easy for new people looking at it to be intimidated by it, which forces them to learn more about it so they don't make mistakes.

We all understand that fees are not fixed, so every time there is an unusual increase in activity, the fee to cover transaction speed increases. I'm not sure how other people use it, but for me, Bitcoin fees under $10 are always ready to be paid without hesitation. If I understand correctly, the unit I want to mention will be the satoshi.

Maybe new people find it difficult to accept, but of course no one forces them to do it. The impulse will increase as they become more certain.

[mamesso]

After reaching an agreement for a transaction using Bitcoin, then you want to pay and see very high transaction fees, of course you will think twice about continuing the transaction. Logically, a very small number of people are willing to pay extra transaction fees above the average previously incurred for small transactions. The Bitcoin community is very aware that high transaction fees will not last long, they prefer to wait until the fees return to normal rather than being forced to pay when the fees are still high, especially when Bitcoin is sent in small amounts.

[Velemir Sava]

It's a problem for some parts of this market, but it's easy for new people looking at it to be intimidated by it, which forces them to learn more about it so they don't make mistakes.

We all understand that fees are not fixed, so every time there is an unusual increase in activity, the fee to cover transaction speed increases. I'm not sure how other people use it, but for me, Bitcoin fees under $10 are always ready to be paid without hesitation. If I understand correctly, the unit I want to mention will be the satoshi.

Maybe new people find it difficult to accept, but of course no one forces them to do it. The impulse will increase as they become more certain.

I get dizzy and shake my head when I see BTC Fees now... I think another solution is that we should always use a reputable and established broker when trading who also acts as a Counterparty for our trades. Yes. Maybe this is still normal but, for people it is difficult to accept the reality at this time as you said.

[pinggoki]

Not everyone is as rich and opulent as you OP so don't say stuff that are so out of touch, that TX fee of $15 could be 2 days worth of meal for someone so calm down with stupid hot takes you know. Maybe those people don't really mind that the transaction isn't prioritized so they don't pay a lot, that's one of the logical reason why they don't want to pay the high fees. I want you to stand on this statement when the tx fees are starting to climb much higher than what it currently is, also you're probably just saying this because you don't do transactions on a daily basis unlike other people that are doing daily transactions, it's going to hurt them money wise.

[Promocodeudo]

Let's not shy away from the truth, the network fee is high as it is, even our old folks here know that, them not saying it, does not mean that they are ok with it.
OP, do you know that despite how good a system is some events can bring discouragement, we should know that it is not everyone wants to hold, in this situation, people have decided to wait until the network fee is decreased before they can withdraw, that's to say that they are indirectly holding which might not be their initial plan, this might sound good for bitcoin itself because the situation might further its upsurge.
We have to face the matter at hand squarely which is the fee itself, and I think that we should improve beyond this, modalities should be worked out to curtail this in the future because I believe the system should do better than this to avoid unnecessary panic.

[lovesmayfamilis]

I would also clarify that the topic is to some extent geared towards beginners; people who have just come to Bitcoin will be intimidated by large commissions, simply because they have probably heard, or maybe observed, something different. Those who accidentally received Bitcoin will pay large commissions, and we do not know what could be different if we recall the recent case of a huge commission. But you shouldn’t divide people into those who can afford something or not; it was probably invented by Satoshi precisely as a means available to everyone, despite their financial ladder.

[Apocollapse]

I think another solution is that we should always use a reputable and established broker when trading who also acts as a Counterparty for our trades.

I'm pretty sure using a broker will make you spend more fee because they're not working for free. Why the current fee affect trading? there's no correlation because the fee in CEX is fixed and as long as you not send your coins, you will not pay huge fees. Of course I didn't mean to suggest using CEX to hold your coins, there has been a lot exchanges going bankrupt.

Not everyone is as rich and opulent as you OP

The truly rich person will don't have to wear a paid signature.

[Fiatless]

Please 🙏 the basis for this thread is not to create an argument rather but to trigger up discussions that can help our basic knowledge.
Also, I have tried to edit the title a bit to give it a better introduction to what the ops really covers, hope this works well for you guys.

We can claim that paying high fees is better than losing privacy especially if you can afford it. But these fees will make Bitcoin less competitive because even fiat transactions are now cheaper. But it is wonderful that you rephrased that topic to enable newbies to know that the high transaction fee is temporal and this topic can now foster discussions that will help expose newbies to alternatives. Lightning Network will be a good option to for those seeking low transactions option..

Are you trying to show off because you can afford the transaction fee? I can also afford it but honestly it's a waste of money,  there is nothing to be ashamed of if you decide to queue using small transaction fee or just abandon the transaction for now and try again another day.

The OP has debunked the insinuation that he is unconcerned with the high transaction fees because he is rich. He has also apologized for the misconception his topic has created.

[jrrsparkles]

Lightning Network will be a good option to for those seeking low transactions option..

LN will be a good choice for someone who makes small TX more often but it definitely not an option for someone who wants to move their funds from their wallet to an exchange just because the exchange supports LN deposits but what they don't know is how the LN wors and to create LN channel the funds require an on-chain TX which is same as paying the fee that need to be confirmed which is also misunderstood by many and need to be addressed.

[Gladitorcomeback]

First, as the title states clearly that Bitcoin network fees are not high but it is you as a holder who can't afford it, the reason being that many newbies and some few old members have mistaken this current network condition to mean a crisis, the reality of things is that, most Bitcoin old term holder are not complaining because they already have experience of how the Bitcoin networks work per time, and if they want to make a transaction they rather just pay high fees and move on rather than paying low fees with long time of waiting because a lot of transaction volumes that have higher fees than yours are already broadcast into the network so it takes long time before getting your transaction confirm.

We prefer Bitcoin over fiat because of many reasons like decentralization, low fee, available globally, sending and receiving without restrictions. Now one reason (low fee) is missed which is not good for Bitcoin. If I want to sell my 50$ btc which I hold in my wallet and I need urgent payment then There is two options. pay more than 10$ fee or wait until this problem solved. Now why I choose btc where i cannot fulfill my need properly. We love btc but that's not mean that we will support every limitations despite of thinking how to solve it

I hope that a long time from now, most newbies will stop making news from this kind of temporary network congestion, and start focusing more on how to contribute to making the Bitcoin network cleaner and globally adaptable to all, for me I don't see any negativity in bitcoin but rather a lot of opportunity to develop along with Bitcoin as an alternative among another alternatives.

How will people accept it if we want to convince other in current situation? We will told him that you have to pay 20$ fee for avery transaction, what do you think he will accept it? Any shop will be convinced to start accepting btc in current situation?

[RhianR]

Any shop will be convinced to start accepting btc in current situation?

Lightning Network isn't popular in that corner of the world. That's the problem of the shop.

[Odohu]

Exceptions aside, fees are indeed not above values seen in the past, but cost is probably best seen in comparison to the amount one wants to send. Clearly sending very small amounts of bitcoin, whilst within normal ranges for many to send, do encounter nowadays high fees compared to the base amount being sent. Fees on TXs that send higher amounts are relatively smaller compared to the base amount being sent, and thus are conceptually easier to digest.

This is balanced and a cogent summary of this discussion. While the whales do not blink an eye over the increase in Tx fees, little fries like majority of us are sweating already over the it. I took some time to monitor some wallets I was able to connect to some popular mixers to check the flow of transactions amidst this increase in fees, I notice that while transaction of lower amounts reduced, bigger amounts are being transacted unhindered.

So the crux of the matter is that majority of us are feeling the impact of the high fees because of the amount of Bitcoin we move, this being in line with what OP is saying. But then, nobody love spending too much, so the whales will still feel happy if the fees normalises. 

[ZAINmalik75]

You made me wonder if, in the past, such situations occurred or not. Because, to my knowledge, I did not know if there was any past event where congestion would have stayed for this long. I am aware of the last congestion, which was when the ordinal problem started, but at that time it remained there for a few days, and after that, things returned to normal. After that, we saw small congestions in comparison to this one, but they also vanished after some time.
But this time the congestion is staying for a longer period of time, which is making me and all of the newbies, even OGs, sick. But not those who have already set a lighting node. The lighting node is the best solution to all this, but setting it up is also an issue for newbies.

Most of the newbies don't want to pay a fee or are stuck due to the small UTXOs, and now they can't pay the fee. To pay the fee, they have to make a transaction, which costs more than the UTXO they have remained with. Old users are not talking about this issue, which is totally wrong. A bundle of topics opened since this congestion issue, and many old users replied to those topics. I think you missed them.

[Marvelman]

You made me wonder if, in the past, such situations occurred or not. Because, to my knowledge, I did not know if there was any past event where congestion would have stayed for this long.

I think this is neither the longest nor the worst Bitcoin mempool congestion. Check the historical charts, you will see that 2021 was much worse than what we have today.