The fanciest restaurant in town has only 50 tables, and in order to get a table you need to outbid the other customers, now there is an influx of tourists that have more money to spend, they outbid the locals so the price for a reservation has gone 100x times up!
Is it good for the Bitcoin network?
That's what users decide, and if you have an influx of users, that means....
Wow, that is good explanation. So I understand that there is limited space in the block and people are competing for that space. What I don't understand is why suddenly everyone needs a space in block? I mean there were not much demand, and now for some reason demand increased.