Sometimes you could get away with a $1 fee, I remember few days ago the recommended fee from electrum was hovering somewhere at 15-20 sats/vB.
Lol I actually took advantage of that moment. It took like 30 hours tho, but who cares when you pay nothing for that. I paid like 20 cents for a $ 1k transaction. I really love this feature of Electrum like YOU will decide what fee you pay.
20 cents for a 1k $ transaction ? its crazy how you risk that large amount for a small fee . im not transacting 1k $ but i can pay 12 $ a fee because im afraid that if i wait longer the price will fall off .
karl dont say anything with the btc fees but fees are hard to ignore because they increase together with the price of the btc .
fees are what pulling the gamblers to gamble and not the price of btc .
Yeah, paying $12 for the fee will not be a problem for sending $1k of bitcoin because we need to make sure the transaction can get confirmed quickly. I will do the same as you instead to use a small fee if I want to send more than $500 as I don't want to wait for a long time. Sometimes, we want to pay a low fee, but we don't realize how much money we want to send to the other wallet or exchange, so we need to adjust the fee to avoid a long time confirming the transaction.