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The price fluctuations in bitcoin space is nothing new but most times during such fluctuations the mempool tends to gets logged making transactions stuck longer than expected. Found this great tool that gives an estimate of how long it will take for transactions to confirm!
If you are bummed about the current bitcoin price fall just look at these bitcoin transactions, which hold the spot for the top transactions ever made on the blockchain, the value of each transaction only increasing over time....
If you've been using bitcoin for a while you might have noticed that whenever bitcoin price seems to go up, the mempool always gets a bit congested. Is there a tool that can accurately estimate the time of confirmation for a bitcoin transaction?
Most wallets generally give an estimated time for a transaction to confirm but during busy hours it's generally unreliable making transactions stuck for hours and once the transaction is made most Blockchain explorers don't provide this service. It would be great if I could check how long it will take for my transaction to confirm once I have made one.
Bitcoin price will soon be declining as transactions cannot increase for the first time in bitcoin's history
There is still hope out there that we can scale which is a complete lack of understanding of the real situation core has put bitcoin in. Transactions are going to flatline for the first time ever (and possibly decline) because they can't increase. Bitcoin's famous network effect will soon hit a wall and stop. Price is going to fall. These are inevitable facts. People are about to get a hard lesson on the internal economics of bitcoin that core does not understand. Value in bitcoin is driven by usability. Value is directly related to the constant increase in transactions bitcoin has been blessed with for years (and price is is exponential to transactions rising). Now that transactions cannot rise, value and price will stagnate and fall. These are facts not opinions, and they will soon be quite observable on various charts as the problem matures. Get used to price declines. Bitcoin is going nowhere due to the blocksize limitation coupled with being near capacity. Price is going to fall or be stagnant--bitcoin can't grow so what else do you expect? At the same time it's likely that some altcoin that does not have artificial capacity limits will start to rise against bitcoin for the first time, because it will actually be able to grow and be used inexpensively in contrast to bitcoin. These declining price (and transaction volume) indications will be what (hopefully) will force action on the bitcoin blocksize issue. But it has to get a lot worse before it gets better. Expect new multiple year lows in bitcoin while some altcoin is rising against bitcoin's decline. That might be enough to wake people up. And don't bitch at me or downvote, i just call the future like I see it, I didn't cause what is happening. If anyone wants to bitch, bitch at core. They are at fault on this. If you want to help, upvote comments like this and increase awareness of what is happening. [Edit: And switch to bitcoin XT or unlimited, use anything but core]
Transactions unconfirmed 4 days with .0001 fees. Bitcoin is unusable to me but yet the price is at an all time high.
Bitcoin is broken. It is increasing in price because more people are entering the crypto space and Bitcoin is the gatekeeper. If it does not gain it's usefulness soon, most users will migrate to alternative tokens. For the time being an alternative token are just too hard to use, but for how much longer? Miners, please do something. ANYTHING. Make bitcoin useable again. PLEASE.
Use Coinbase to buy bitcoin, do i receive the price from the time of purchase or when the transaction goes through?
I bought it at 11am est and it still says pending, since then the price of bitcoin has gone about 100. Im just curious if i will receive it at the price i was aiming for
[uncensored-r/Bitcoin] Effect of price on transaction time
The following post by millionmice is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7vb4do The original post's content was as follows:
Sorry if this has been covered elsewhere. With the price falling, a historically peaked hashrate and an almost empty transaction queue, what's incentivising miners at the moment? If this really is the big correction, and a lot of miners pull out, how high could the transaction time go, and how high would it need to be to destroy bitcoin? Addit: Alternatively phrased, how large would fees have to become if mining became entirely unprofitable, and what transaction time would this correlate with?
My BTC transactions took 3 days to reach, in December 2017, how it will perform when btc price will be 50k ? Is 3 days transaction time faster, normal and still deserve better currency? /r/Bitcoin
04-09 04:02 - 'With all the LN nodes coming online, what are the tax implications for off main net transactions? Do we need to keep personal journals of each transaction, and the price of BTC at the time of transaction?...' (self.Bitcoin) by /u/weilinweilin123 removed from /r/Bitcoin within 40-50min
With all the LN nodes coming online, what are the tax implications for off main net transactions? Do we need to keep personal journals of each transaction, and the price of BTC at the time of transaction? Seems very tedious. /r/Bitcoin
New Study: "Such behaviour reveals that these two time series are indeed correlated, i.e. there is an almost linear relation between the number of transactions and the bitcoin price."
11-11 14:32 - 'With long transaction times, high fees and the BTC price crashing, why not just implement SegWit2X and end this?' (self.Bitcoin) by /u/rozex19 removed from /r/Bitcoin within 23-33min
[uncensored-r/Bitcoin] With long transaction times, high fees and the BTC price crashing, why not just implement SegWit2...
The following post by rozex19 is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7c8ig8 The original post's content was as follows:
People supporting the fork warned of these issues, and it's becoming more and more apparent (judging by the latest posts on this sub) that they are causing the price of BTC to crash. It's important to note that this downturn in price has only occurred since the fork was called off. Can someone explain why the core devs don't just swallow their pride and implement the changes necessary to prevent BTC becoming useless?
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Time Traveller's Prediction for Bitcoin Price 2019
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