Do you sometimes get irritated by excess bitcoin fees ?

[taufik123]

We really need to figure out a way to get rid of all of this, because if this rune or BRC20 type of stuff continues then we are going to get into a lot more trouble and the fee will keep on being a lot more higher.
-snip-

Eliminate it?
I don't think that will be possible as long as they are also developing BRC20 or even the latest version, and it is now available with the Rune Protocol which is being developed.

Some updates that can be useful and good for the Bitcoin ecosystem do need to be done so as not to directly disrupt the ecosystem by typing too many transactions that occur.

Cost may be the main obstacle, but then the speed of delivery is the main thing.
I'm also not an expert in bitcoin or the network, but I'm a user of the bitcoin network from the beginning and know how bitcoin developed before and after BRC20 or Bitcoin layer 2 etc.

[Finestream]

Especially at times when there is so much congestion, the fees increase by large amount. For small transactions, the fees is more than the transacted amount. Does it irritate you sometimes or you are fine with it ?

No one is okay with high transaction fees, it certainly annoys everyone. So if we are seeing it happening in the market, it's best not to make transactions and just wait for the market to be back to normal, otherwise you will only be selling or buying already quite a loss.

However, it's one thing that we can't get hold onto. So just accept it and leave the market if it's currently happening.

[Odusko]

Especially at times when there is so much congestion, the fees increase by large amount. For small transactions, the fees is more than the transacted amount. Does it irritate you sometimes or you are fine with it ?

No one is okay with high transaction fees, it certainly annoys everyone. So if we are seeing it happening in the market, it's best not to make transactions and just wait for the market to be back to normal, otherwise you will only be selling or buying already quite a loss.

However, it's one thing that we can't get hold onto. So just accept it and leave the market if it's currently happening.

Bitcoin high fees and network congestions have been one of the menace that have plagued this industry for a while now, and each time the network get congested resulting into high fees in the bitcoin network, it always leave a bitter experience for most active bitcoin users like in a situation were you are in dear need of your bitcoin and no matter how small the amount of bitcoin you want to send you get charged a high fees which is something that not many will be cool with me, although the network may get to a cleaner stage where no much attacks that could trigger any more of such network bad experience.

[krishnaverma]

Especially at times when there is so much congestion, the fees increase by large amount. For small transactions, the fees is more than the transacted amount. Does it irritate you sometimes or you are fine with it ?

No one is okay with high transaction fees, it certainly annoys everyone. So if we are seeing it happening in the market, it's best not to make transactions and just wait for the market to be back to normal, otherwise you will only be selling or buying already quite a loss.

However, it's one thing that we can't get hold onto. So just accept it and leave the market if it's currently happening.

Bitcoin high fees and network congestions have been one of the menace that have plagued this industry for a while now, and each time the network get congested resulting into high fees in the bitcoin network, it always leave a bitter experience for most active bitcoin users like in a situation were you are in dear need of your bitcoin and no matter how small the amount of bitcoin you want to send you get charged a high fees which is something that not many will be cool with me, although the network may get to a cleaner stage where no much attacks that could trigger any more of such network bad experience.

The damage is done in some cases. The irritated user might move permanently to some other altcoin with better experience.

[BlackRexuz]

I think everyone will be annoyed by it especially the very expensive cost of the amount of money we send in small amounts, but that is also not a reason why people should complain about it because there are many other crypto options to be transacted at a cheaper cost and there is no congestion. This kind of thing is also experienced on ethereum where transaction fees are quite expensive and there is often congestion but after many L2 networks now the Ethereum network is not experiencing congestion. that's why there are many choices now to avoid it.

[Haunebu]

Who the heck wouldn't get irritated by it? Low fees seem like a blessing since they are virtually dust while high fees seem like some sort of messed up curse. However, LN helps rectify these issues, but it isn't available everywhere sadly.

Another great solution is depending on altcoins like LTC, Doge, XRP etc which have consistently low fees though the conversion rates vary a lot.

[serjent05]

Who the heck wouldn't get irritated by it? Low fees seem like a blessing since they are virtually dust while high fees seem like some sort of messed up curse. However, LN helps rectify these issues, but it isn't available everywhere sadly.

Another great solution is depending on altcoins like LTC, Doge, XRP etc which have consistently low fees though the conversion rates vary a lot.

It is indeed irritating not sometimes but always to be caught in high fees when making a Bitcoin transactions. Using altcoin is good But then if our holdings is in Bitcoin and is in our custodial wallet and it happens that we have a  need for money and our fund is kept in BTC, and luckily the fee is surging, we have to convert them to LTC and other crypto to enjoy a much lower fee in the following transactions until the Bitcoin network congestion subsides. So we suffer to pay for higher fees before we initiate the conversion.

I do agree that if we are irritated by excess Bitcoin fees, we have to look for an alternative and that is getting altcoins for cheaper transaction.  It maybe bad since this one needs us to trust our fund to third party exchanges, but using the same centralized platform for transfer also saves us from fee.  Internal transfer for most platform are free of charge.

[The Cryptovator]

For me, yes, I feel irritated. Because sometimes I need to buy some online products where I don't want to use my card when Bitcoin is accepted. But sometimes it does need 70 dollar equivalent fees to make a 50 dollar equivalent Bitcoin transaction. So will it not irritate me? Yes, it tried it namecheap, and I needed to buy domain hosting for my clients. But due to unrealistic fees, I wasn't able to do transactions through Bitcoin and was forced to use my card. I don't feel comfortable using my card online. But I think lately Bitcoin transaction fees have become normal. Sometimes would congested due to dust and NFT transactions. 

[Stalker22]

Yes. Bitcoin transaction fees can absolutely sting, I feel that deep in my bones when Im just trying to send a little bit of money.  But we gotta respect that Bitcoin basically invented cryptocurrency and made this whole thing possible.  The fees and slower speeds keep it decentralized and secure, which is so crucial.  I definitely get the appeal of altcoins with tiny fees that zip around quick as anything, but that speed and low cost comes from sacrificing some of that bulletproof security.  So its about each person deciding what they value more - the OG crypto secure vibe or faster and cheaper and I choose the first honestly.

[stadus]

Who the heck wouldn't get irritated by it? Low fees seem like a blessing since they are virtually dust while high fees seem like some sort of messed up curse. However, LN helps rectify these issues, but it isn't available everywhere sadly.

Another great solution is depending on altcoins like LTC, Doge, XRP etc which have consistently low fees though the conversion rates vary a lot.

Exactly. Everyone gets irritated and worst is we can't stop it from happening since it has been happening already from the start. And the fact that everyone needs to sell at some point due to some personal reasons, then just accept the fact that you'll definitely experience losing some of your funds. The best solution is, just try to hold a bit more and only decide to sell when the market has already recover.

[SickDayIn]

To be honest the fees don't irritate me, because I am not sending regular transactions. Not only do I reduce the total number of transactions I send, but I try to include as much as possible in each transfer to avoid UTXOs accumulating. Long term, the more transfers you make and the more UTXOs you generate, the more you will end paying in fees. This will far surpass any amount of fees caused by network congestion. You can learn about UTXOs here:https://www.kraken.com/learn/what-is-bitcoin-unspent-transaction-output-utxo

[Baki202]

Bitcoin high fees and network congestions have been one of the menace that have plagued this industry for a while now, and each time the network get congested resulting into high fees in the bitcoin network, it always leave a bitter experience for most active bitcoin users like in a situation were you are in dear need of your bitcoin and no matter how small the amount of bitcoin you want to send you get charged a high fees which is something that not many will be cool with me, although the network may get to a cleaner stage where no much attacks that could trigger any more of such network bad experience.

when it network because congested it can take days for your Bitcoin to drop everyone must have experienced this and it can be frustrating we all know but there is nothing that can be done about it when the whole thing starts getting too congested and you are expecting it to drop maybe you want to swap it, you won't have a choice than to wait the high fee is even worst than the congestion itself I thought it was always Ethereum transfer chain that is always expensive but when bitcoin chain gets congested the fee can be so crazy. the amount you are spending does not matter at that particular time, the best thing is just to check the situation of the fee before you start sending so that your money doesn't get hooked, so the mempool should be consulted before anything. I know how it feels to be waiting for your money to drop countless times.

[Krishna1942]

Yes some times when the transaction amount is low but fees are higher in such cases I am using ltc as payment option to offer my services. With the price of btc transaction fees are also increased from last few years.

[legendbtc]

Anyone who says they don't feel frustrated when faced with bitcoin's congestion or high transaction fees is lying.

Honestly, high transaction fees and slow speeds are annoying and frustrating, and this is one of the many reasons why I believe bitcoin is unlikely to become the perfect alternative payment method. I don't think any of us feel generous and happy paying extra for our transactions, especially if they are small and frequent payments. When it comes to payment methods, what we need is speed and cheap fees but bitcoin cannot provide this. This will make many people dislike it but that is what bitcoin is facing and we need to accept the truth.

Nowadays, there are many stores, companies...that accept bitcoin as a means of payment, but I think not many people do so because they consider bitcoin not only as an investment but also because the high fees are a barrier.

[Z-tight]

But sometimes it does need 70 dollar equivalent fees to make a 50 dollar equivalent Bitcoin transaction. So will it not irritate me?

This can only occur in extreme cases of network congestion, i.e. when the Ordinals and runes spam were filling BTC blocks, other than in such times, i don't think it is possible to encounter transaction fees so high, when did this happen to you? However, you should also consider consolidating your utxo's if you have many utxo's, this will help you to save up on fees in future transactions.

[DudeAtWork420]

Spending high amount for gas fee is absurd and you can imagine you paying a higher fee than what you want to withdraw and how does this sounds to you? Not everybody would be happy with such situation as it would be very frustrating to those who can not put up with the gas fee. At first did Satoshi develop the Bitcoin ecosystem for users to be paying a higher fee than normal? I know you would say no then why the high outrageous amount of gas fee paid for transaction? Well the transaction fee is currently okay now and one can be able to do their transaction with minimal fee.

[South Park]

Spending high amount for gas fee is absurd and you can imagine you paying a higher fee than what you want to withdraw and how does this sounds to you? Not everybody would be happy with such situation as it would be very frustrating to those who can not put up with the gas fee. At first did Satoshi develop the Bitcoin ecosystem for users to be paying a higher fee than normal? I know you would say no then why the high outrageous amount of gas fee paid for transaction? Well the transaction fee is currently okay now and one can be able to do their transaction with minimal fee.

This is just the law of supply and demand at work, the space on each block is limited and if the demand rises all of a sudden then those that want to get their transaction confirmed faster will pay higher fees to do so, while those that are not willing can wait until the fees get lower, now without a doubt it makes no sense to pay more for the fees than the amount you want to send, so in that case you do not really have too much of an option and you will have to wait until the demand gets lower and you can pay a low fee again.

[Furious 7]

Anyone who says they don't feel frustrated when faced with bitcoin's congestion or high transaction fees is lying.

When those who do transactions every day then indeed say they are not bothered by network fees that in previous months even seemed unreasonable there is an element of being a lie and too naive but when those who do not do this every day and prefer to transact by waiting rather than paying more expensive fees as I do now then I think I deserve to say that I am not bothered by network fees.

Because after all, when we say we are bothered by network fees, we indirectly feel it and feel a little disadvantaged by higher fees but I never feel that way because I prefer to wait when fees are high rather than force myself to transact especially when there is nothing urgent that I need to do to transfer faster.

[nakamura12]

No I dont. If you can't afford the transaction fees then you better not make any transactions at all and wait for it to become less. It is not always like that where the fees are too high for you and to be honest, the fees right now are not even the same as before (not too long ago) where it small scale bitcoin holders can't afford. If you don't want to wait for the transaction fee to become cheaper then you should own other crypto when it happens and especially if you need funds for emergencies.

[mirakal]

Especially at times when there is so much congestion, the fees increase by large amount. For small transactions, the fees is more than the transacted amount. Does it irritate you sometimes or you are fine with it ?

I say all the time. Who gets not irritated actually when we are in need to sell our coins to cover up emergency expenses, but then against there's having a network congestion, so that block us from selling and not end into losing some of money. One lesson I learned, have your emergency funds ready all the time so we won't be forcing ourselves to sell at a wrong timing.