Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Re: Ordinal blockchain irking me, causing almost $40 median fee now...
by
MusaMohamed
on 17/12/2023, 03:15:35 UTC
⭐ Merited by Cyrus (2) ,EFS (2)
That wouldn't happen anytime soon, higher btc price means higher fees too in terms of USD value.
I agree that the congestion in mempools won't be cleared soon.

It is seriously congested and hours ago, some impatient people even were ready to spend 600+ satoshi/vbyte to have a quick confirmation. Now, it is about 400 satoshi/vbyte.
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight

I care more about the fee and fee rate in BTC, satoshi when I move my bitcoins. Transaction fee value in USD is not what I care because I can not control it but I can control what satoshi/vbyte I use for my transaction.

Any satoshi I can save from transaction fee now might help me in future when Bitcoin has higher price.