What.... this is going to be disappointing if the bitcoin are not able to afford making transactions all because of this, this is now going out of hands and i just want to believe that its because of the halving with new block block reward that is causing it, maybe we should expect such to only last a day or two, then we go back to how we have been used to, provided that this is not the first experience in the likes of it, we can rather choose to hold than sending at this high cost.

Well it seems temporary to me and I hope it is

Bitcoin has changed drastically over the past few years and we are expecting bitcoin to only go up from here I don’t think we should be overthinking some things and instead let it play out for a bit

This is what will cost us if we do not have the patience to trust bitcoin

It was the expected one in the market,when the price of bitcoin or cryptocurrencies was in bull run.It will impact the fee of the cryptocurrency and mainly the bitcoin.This happened by two factor,one is the demand of the bitcoin was multiplied to 10x as compared to the normal time.Every one try to get some profit by investing in the bitcoin.Second factor is mostly not expected one,because the exchanges try to hold the bitcoin in their exchange.If the fee goes high,most of the traders will try to hold their money in the exchange mostly to withdraw later or at the end of the bull run.


The demand for the bitcoin will be stable at the halves period,but the transaction will be reduced because of the fee in the exchange.The O.P may exchange their bitcoin to other coin and easy withdraw to the other wallet.The fee mentioned here was extremely huge like 120$ for the transaction,it’s better to hold the bitcoin now till the transaction fee for the transaction become normal one.Because the way of spending huge money for the fee will affect you in huge way.

It is either what @nullama said (people trying to get into the halving block) or this is "fee market manipulation" considering the timing and how the attack took place. There was an "artificial" injection of a rather large number of transactions (the first suspect is the Ordinals Attackers) into the mempool which has only manipulated the fee market and significantly increased the fee rate by creating this fake competition.

Luckily the attack is becoming very expensive so it can not continue for long but the attack itself will not stop as long as the exploit in the protocol exists and the fake market where they sell fake tokens under the codename Ordinals exists. That is creating an incentive to spam attack bitcoin.

This is not ordinal but it’s the Runes protocol which launched during the halving block. I was watching mem pool and noticed the high fees and assumed people just wanted to get their transaction in the halving block, however it still persisted and upon reason I discovered this Runes protocol.

So far it’s pretty bad, you need to spend at least 1000 sats per vbyte which is just crazy. This is coming out to be over $100 for a transaction, much worse than Ethereum during its peak congestion days. Hoping it improves overtime.

Bitcoin Runes supposed to start at the halving block and it is the same developer who developed BRC-20 thing. The fees have been skyrocketing since the halving block and even before the halving. People use https://magiceden.io/ and OKX exchange to buy runes which increase the number of transactions. But, If I am not wrong, We had half a million pending transactions a few months ago and yet the transaction fees were around 200 sat/vB. But look at the mempool now, we have less than 300K pending transactions and look at the fees.

The increase in mempool looks Disappointing but I think it won't last long and may return to normal soon. OP when you posted mempool was 1345sat/vB in low mode 1760 Sat/vB in medium mode and 2202 Sat/vB in high mode. Currently I see much less than the situation you mentioned. Such increase may be due to increased transactions in the market. There is nothing to worry or despair and wait for things to return to normal soon.

This is the best thing to do, wait it out because that's the only thing that you can do and it's not like this is going to be the thing that will happen forever, I'm sure that we're going to see something done about this and also, it's not like the market's going up like crazy right now that we can't afford to sell our bitcoin because of the transaction fees, I'm sure that we'll be paying less than what's the current fee right now, just be patient. Let's give this days to the miners because they're the ones that would be affected the most by the bitcoin halving.

Bitcoin heading more towards been more of a store of value than medium of exchange.
The rune protocol hype can't be maintained for long.
Like has been said the fee is already falling.
The price of Bitcoin is relatively which is to be expected
Is like the fee is holding many back
Lol to buy or to sell.

Wow, they're so addicted with inscriptions that they don't mind paying these exorbitant amounts of fees? The craze about inscriptions seems to not fade away just yet. I guess the miners need to make their money and so far, this is their best way to make some after the halving. It will eventually improve, developers are probably doing what they can about that situation, if we're really mad about this, why not use Lightning Network?