Post
Topic
Board Bitcoin Discussion
Re: What's happening with Bitcoin transaction fees?
by
serjent05
on 06/12/2023, 23:35:54 UTC
I've made a transaction and that fees made me crazy, I've lost what's being required by the mempool with the highest priority. I am aware of it but I have to do the transaction and cost me a lot honestly. And to see that the transaction fees dropped a lot, I should have been more patient and did my own transaction when the fees are a bit low than earlier.

This is why I always send my transaction with a custom tx fee that is adjusted manually.  I lowered the fee to my desired amount and just enabled RBF just in case the situation needs me to confirm the transaction asap.

While I see people that are trading ordi are happy with their gains because of the pump that it has got and those that are doing margin trading. I don't know if they are aware of what it is doing to the network of Bitcoin and making the fees too much this time. Anyway, I know that this is temporary and still believing that we will see the lowest possible fees ever again.

These people don't care about the Bitcoin network, what they care is that they are getting profit from their trades.  I also think that the Bitcoin developer will do something about this problem.  If this continues, then more likely we will see many Bitcoin users look for alternatives.  Only Bitcoin holders is not affected by this network fee hike because they are not moving their coins anyway.