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?
Given the fees, I think it's not ideal to initiate a regular transaction because of the high fees. Recently, I had a transaction with my friend using Bitcoin with the same centralized wallet. There are no fees when transferring from wallet to the other. However, if we are to use a different wallet or a decentralized one, expect that the fees would be high. Like for example, I want to use a service with Bitcoin, but I just realized that on top of the original price, the transaction fee was very high. To me, I think it's not ideal for us to keep using Bitcoin in our regular transactions unless there is a way that it can reduce fees like the Lightning or something.
It does depend on the situation. Just like you said, same wallet app, no fees at all.
But if you are dealing with different platforms, the fees are getting expensive.
So if you feel you are in the situation that you can take advantage of low fees, why not?
But if not, look for alternatives as it is not practical to pay high fees for small transactions.
It is your prerogative if you will use your btc in your regular transaction or not.
But you can always use it if you want, but it will incur you heavy fees if not handled properly.