Quote from: philipma1957 on Today at 02:55:45 PM

Quote from: tjtonmoy on Today at 01:54:18 PM

Quote from: bettercrypto on May 07, 2023, 09:55:58 PM

As for me, last 4 days ago I also made a Bitcoin transaction like you, the charge for what I did was also 5$, I also thought of reducing the fees, but I immediately thought that the transaction I would make might not go well so I let it go the fees are only 5$ instead of bothering me because that's exactly what happens at those times because of the nft ordinals in blockhain.

I also found out that most of the people who tried to reduce the fees did not succeed, but instead waited for a long time before they were able to make a transaction again with high fees. That means there is no use even if the fees are reduced or adjusted.

It also took me 4 days to be able to make another transaction with higher fees. I don't use a wallet, which supports RBF service. So I had to wait till the transaction was dropped out from the mempool. Then I was in need of some money, so I had to use the high priority at that moment. Cost me more than $6.
It is getting crazy day by day. Does anyone know when this will cool down? Today's high priority transactions will cost more than 618 sat/vB.

Well it is driving price of btc downwards. we are under 28k

I have to think they want to see how far they can drive price downwards. So this will last at least a week or 2.

Do you mean that the more the value of Bitcoin decreases, the more the fees that will be charged to us will increase if we make a transaction using Bitcoin? is that right? And when its value increases, is there a chance that its fees will decrease?

Because in what is happening now, what I see the most that will lose here are those who make a transaction that is only a small amount, it seems that even if you withdraw a large amount, there will still be some left over, but if the amount is only about 40$ the amount will be deducted then a little can only be obtained or reach your wallet.