No, its more than that because now we have to pay about minimum $0.5 to $1 for each transaction and even then we cant afford to get our transaction confirmed soon in an hour or earlier.
True, I bump up the fees I would "normally" have to pay by atleast X3 more if I am attempting to moving funds or purchasing something that needs to be confirmed relatively quickly. Fees have gotten to be pretty ridiculous over the years, even though that was one of the key selling points to using Bitcoin to transfer wealth across border lines.
... Then again, it still remains the cheaper alternative by far compared to other companies to move money abroad. I'd much rather spend $2-3 in Bitcoin fees right now still imo