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Topic: bitcoin transactions - Slow OR Fast - page 16. (Read 40391 times)

sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 04, 2016, 02:46:51 AM
In my experience bitcoin transaction is very fast, quick and easy to used, i do not even encounter delay in my transaction like sending bitcoin to my friends, cashing out or paying my bills.
i agree with you that bitcoin transaction is very much faster and i also never faced any problem when i use bitcoin for any transaction and i also use bitcoin than other currency or than other service of payment because bitcoin is the fastest much more .
You both very lucky sir because I experience the transaction very slow like in just few days I recieved Bitcoin it takes 12-24 hrs to confirmed. Because no miner fee because my wallet that I used no miner fee if you send Bitcoin. What if I need my Bitcoin what if I need to cashout my Bitcoin. I hope in the next days I will experience Bitcoin transaction very fast. I think also why transaction is faster or slow because of the amount of bitcoin you send and recieve. If the high bitcoin it takes long to confirm while if the low bitcoin it takes 30minutes to 3hrs only.
I think most of us experience a slow transaction especially if we are active with online transaction, but honestly I understand what is happening and I was not upset with it. The fact that we can transact safe and enjoy the low transaction charge, it will erase the weakness of bitcoin.
hero member
Activity: 1274
Merit: 513
December 03, 2016, 07:29:04 PM
In my experience bitcoin transaction is very fast, quick and easy to used, i do not even encounter delay in my transaction like sending bitcoin to my friends, cashing out or paying my bills.
i agree with you that bitcoin transaction is very much faster and i also never faced any problem when i use bitcoin for any transaction and i also use bitcoin than other currency or than other service of payment because bitcoin is the fastest much more .
You both very lucky sir because I experience the transaction very slow like in just few days I recieved Bitcoin it takes 12-24 hrs to confirmed. Because no miner fee because my wallet that I used no miner fee if you send Bitcoin. What if I need my Bitcoin what if I need to cashout my Bitcoin. I hope in the next days I will experience Bitcoin transaction very fast. I think also why transaction is faster or slow because of the amount of bitcoin you send and recieve. If the high bitcoin it takes long to confirm while if the low bitcoin it takes 30minutes to 3hrs only.
full member
Activity: 224
Merit: 100
December 03, 2016, 04:46:27 PM
In my experience bitcoin transaction is very fast, quick and easy to used, i do not even encounter delay in my transaction like sending bitcoin to my friends, cashing out or paying my bills.
i agree with you that bitcoin transaction is very much faster and i also never faced any problem when i use bitcoin for any transaction and i also use bitcoin than other currency or than other service of payment because bitcoin is the fastest much more .
hero member
Activity: 2072
Merit: 503
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December 03, 2016, 03:28:25 PM
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.
yes bitcoin transaction is very slow but i think it's better because ensure it's really you or not .and your approval transaction


Transactions are instant. So. Ya. The @OP worded it incorrectly. Confirmations take time but the transaction itself is instant. Did you know credit cards take day/weeks to confirm transactions? What exactly is a better, faster method than bitcoins? Send an appropriate fee and it'll be confirmed in the next block. If you're too damn cheap then you deserve slower confirmation times.
Well, although the bitcoin transaction to be slower than before, but I feel that this is still better than using other payment processor in the transaction. bitcoin does not require a long time to send BTC wallet to the other, that the problem is only on confirmation
legendary
Activity: 966
Merit: 1042
December 03, 2016, 01:09:40 PM
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.
yes bitcoin transaction is very slow but i think it's better because ensure it's really you or not .and your approval transaction


Transactions are instant. So. Ya. The @OP worded it incorrectly. Confirmations take time but the transaction itself is instant. Did you know credit cards take day/weeks to confirm transactions? What exactly is a better, faster method than bitcoins? Send an appropriate fee and it'll be confirmed in the next block. If you're too damn cheap then you deserve slower confirmation times.
hero member
Activity: 882
Merit: 500
December 03, 2016, 01:06:54 PM
For me bitcoin transaction is a bit quite fast than before. There  is a problem right now about bitcoin transactions and this will take a couple of weeks before it is solved. This trouble happened before.
The transaction problem is existing from a long time and actually the problem is the confirmation of transaction, as we receive the confirmation with delay, otherwise the transaction of bitcoin is very fast, I think this problem must be solved on priority basis. As we do face problems when we are going to pay for shopping in our local shops as we have to wait till the transaction to be included after that new blocks to be mined out.
you are right. bitcoin transaction does happen very quickly, but the duration of the transaction confirmation makes it to be quite long. perhaps, a system of transactions that need to be developed, so that the transaction and delivery confirmation can occur more quickly. Well, I do not know about bitcoin transaction system, but I think the system needs to be upgraded, because at this time, bitcoin users has grown rapidly
Usually when I play direct dice on directbet I feel that problem because I cannot wait like 10-20 mins or even 5 mins for confirmations and hence I have found a alternative. I change my bitcoins into dogecoins and then do betting, once done I then change back to bitcoins.
sr. member
Activity: 686
Merit: 260
December 03, 2016, 01:22:38 AM
Personally I would like for bitcoin to become dominant as an online payment before we try to make the jump to buy things in physical store specially those that are very time sensitive like buying groceries in the supermarket where confirmation time will need to be super fast, a matter of seconds.
That will happen in the future if we keep supporting bitcoin, stores or big merchant will not adopt and open their store accepting bitcoin is they cannot see a good market to be profitable, and now since the adoption rate is going it's a good site for us to be positive and keep pushing to make that happen.

I agree. Sooner or later we can see stores accepts bitcoin as payment. As of now i read an article that there are few stores that accepts bitcoin as payment, they could buy burger and softdrinks using their own bitcoin. Well lets hope and keep supporting bitcoin. Nothing is impossible in the near future
legendary
Activity: 3080
Merit: 1292
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December 03, 2016, 01:16:29 AM
Personally I would like for bitcoin to become dominant as an online payment before we try to make the jump to buy things in physical store specially those that are very time sensitive like buying groceries in the supermarket where confirmation time will need to be super fast, a matter of seconds.
That will happen in the future if we keep supporting bitcoin, stores or big merchant will not adopt and open their store accepting bitcoin is they cannot see a good market to be profitable, and now since the adoption rate is going it's a good site for us to be positive and keep pushing to make that happen.
hero member
Activity: 2884
Merit: 794
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December 02, 2016, 10:46:34 PM
Personally I would like for bitcoin to become dominant as an online payment before we try to make the jump to buy things in physical store specially those that are very time sensitive like buying groceries in the supermarket where confirmation time will need to be super fast, a matter of seconds.
sr. member
Activity: 826
Merit: 250
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December 02, 2016, 10:13:30 PM
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.
yes bitcoin transaction is very slow but i think it's better because ensure it's really you or not .and your approval transaction
hero member
Activity: 1022
Merit: 511
December 02, 2016, 03:42:00 PM
You can deposit bitcoin into a bitcoin address that the shop gives you (say the supermarket) then they just minus the amount each time you shop and then you must top it up again. Every time an item you buy is scanned it will minus off your wallet automatically. You just add more bitcoin.
Or maybe they can make some software or script that checks the possible risks like if you have paid too low fees thenyou wait else they take your phone number and allow you to leave the store.
But in some rare cases there still might be scams possible as technical people know how to double spend and all, dangerous and hence I peersonally would wait for confirmation lol
legendary
Activity: 1792
Merit: 1283
December 02, 2016, 01:30:28 PM
In my experience bitcoin transaction is very fast, quick and easy to used, i do not even encounter delay in my transaction like sending bitcoin to my friends, cashing out or paying my bills.
Bitcoin transaction will be very fast if you use high fee, but it all depends on the circumstances whether the transactions that occur will be very fast, fast, normal, slow, or very slow.
maybe you're right. the fee is high, it might speed up transactions. but, there are fees that the set in each wallet, or elsewhere exchanger. so, I guess it would not make any changes, because the transaction has indeed been done quickly, but, confirmation will be very long, because it takes a few minutes or hours before confirmation
I would suggest changing wallets if you can't change the fee yourself.
When the network is under a lot of stress (a lot of unconfirmed transactions), it's a good idea to set a higher fee yourself to make sure it gets confirmed faster.

Too bad you usually can't change the fees when you withdraw from an exchange.
hero member
Activity: 756
Merit: 520
December 02, 2016, 08:38:36 AM
In my experience bitcoin transaction is very fast, quick and easy to used, i do not even encounter delay in my transaction like sending bitcoin to my friends, cashing out or paying my bills.
Bitcoin transaction will be very fast if you use high fee, but it all depends on the circumstances whether the transactions that occur will be very fast, fast, normal, slow, or very slow.
maybe you're right. the fee is high, it might speed up transactions. but, there are fees that the set in each wallet, or elsewhere exchanger. so, I guess it would not make any changes, because the transaction has indeed been done quickly, but, confirmation will be very long, because it takes a few minutes or hours before confirmation

But I think it all is not something that can benefit all of us or may not work. because all of that also depends on the confirmation of mining, or if they do find a block transaction we do it quickly then the confirmation provided is also fast and it also isn't hanging from a high cost. But it's all also depends on the speed of high-cost mines, confirmation will only make us bankrupt or lose out to get something
legendary
Activity: 2688
Merit: 1004
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December 02, 2016, 08:31:51 AM
In my experience bitcoin transaction is very fast, quick and easy to used, i do not even encounter delay in my transaction like sending bitcoin to my friends, cashing out or paying my bills.
Bitcoin transaction will be very fast if you use high fee, but it all depends on the circumstances whether the transactions that occur will be very fast, fast, normal, slow, or very slow.
maybe you're right. the fee is high, it might speed up transactions. but, there are fees that the set in each wallet, or elsewhere exchanger. so, I guess it would not make any changes, because the transaction has indeed been done quickly, but, confirmation will be very long, because it takes a few minutes or hours before confirmation
hero member
Activity: 1092
Merit: 523
December 02, 2016, 08:24:32 AM
The transactions can be seen already on the blockchain. Whether or not it's confirmed, the store owners wallet can see that a payment has been made, it just needs to be confirmed to have the payment on the wallet, other than that I think it's okay to have the transaction ID just to monitor it. It also depends if the owner wants bitcoin transactions, if he does, he should probably know the characteristics of bitcoin and the advantages and disadvantages of it when accepting it. Patience is a virtue anyways.
Well, unless a transaction is confirmed the money is not yet yours, its said like that by even the experts and stores if accept them they wont have that much time to check transactions from each customer whether it has proper fees or not, whether its a double spend or not and what not. So they would love simple and quick confirms.
newbie
Activity: 19
Merit: 0
December 02, 2016, 08:23:39 AM
In my experience bitcoin transaction is very fast, quick and easy to used, i do not even encounter delay in my transaction like sending bitcoin to my friends, cashing out or paying my bills.
Bitcoin transaction will be very fast if you use high fee, but it all depends on the circumstances whether the transactions that occur will be very fast, fast, normal, slow, or very slow.
sr. member
Activity: 336
Merit: 250
December 02, 2016, 04:21:11 AM
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

Well if they want to they should because many of us use bitcoin and some of us can't bank it out, its very possible like 711 they accept bitcoin but i think you should register first your account or something just to inform them that you pay bitcoin yes its transaction is kinda slow but they will find out or make another cashier for customers who uses bitcoins to spend in local store to buy some food or drinks i would like to try it so that i can spend my bitcoin any how they will find the right way to fix that problem because every problem will be solve if money is involve Cheesy that's what i have in mind but its not clearly what you are looking for hehehe.. im sorry Cheesy i did my best so have  a good day to you Cheesy
sr. member
Activity: 406
Merit: 250
December 02, 2016, 04:14:25 AM
In my experience bitcoin transaction is very fast, quick and easy to used, i do not even encounter delay in my transaction like sending bitcoin to my friends, cashing out or paying my bills.
legendary
Activity: 1092
Merit: 1000
December 02, 2016, 03:59:31 AM
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.
I think there is no need to wait for confirmation because Bitcoin payments are irreversible even with sudden payment if the receiver ( shopkeeper ) confirms that he received the Bitcoin in his wallet then without waiting all things will done correctly .

Do you guys even bother to read the page you post on?

This was only 7 Posts above yours on the same page.
Quote
Hmm ,
Yeah about that double spend.

Have the same wallet up & synced on 2 devices , send all of my BTC to another address I own , including a send fee, on the 1st device
then send you your payment on 2nd device with no send fee,
You see Zero confirmation appear on your device, I walk out of store.
My BTC safely arrives at my other address, and your zero confirmation never receives 1 confirmation.   Tongue

So you gave me your product for free.
You'll be out of business in ~ week.  Wink

 Cool

FYI
Repeat after me,
Confirmations are my Friend. I must wait for Confirmations or end up in the poor house.  Cheesy
hero member
Activity: 966
Merit: 515
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December 02, 2016, 03:11:40 AM
is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.
I think there is no need to wait for confirmation because Bitcoin payments are irreversible even with sudden payment if the receiver ( shopkeeper ) confirms that he received the Bitcoin in his wallet then without waiting all things will done correctly .
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