bitcoin transactions - Slow OR Fast - page 2.

Daniel91

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Quote from: btcnastia on January 14, 2017, 02:59:33 PM

I think that bitcoin transactions are so fast. In simple banks transactions might be very slow.

In the past I would agree with you.
I usually needed just a few hours for bitcoin transaction confirmation and usually 2-3 working days for bank transaction.
Last weeks I usually waiting 1-2 working days for bitcoin transaction confirmation so, it seems, bitcoin is not any more faster than bank wire

I really hope it will change soon.

richardsNY

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Quote from: btcnastia on January 14, 2017, 02:59:33 PM

I think that bitcoin transactions are so fast. In simple banks transactions might be very slow.

It depends on how you look at it. If you consider that transacting with bank accounts from the same bank is instant, and that from one bank to a different bank not, then yes, it's slower. But that's also something banks are working on. Plan is that everything within the country will be instant when it comes to transacting through banks. Not sure how long it will take, but it's something people have been waiting for so long.

btcnastia

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I think that bitcoin transactions are so fast. In simple banks transactions might be very slow.

MMA

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Quote from: grandy on January 14, 2017, 11:13:44 AM

Quote from: Mbah Tyo on January 12, 2017, 12:29:39 PM

Quote from: klf on January 12, 2017, 12:17:09 PM

Quote from: virasog on January 12, 2017, 12:02:07 PM

Quote from: Ewinsane on January 10, 2017, 05:32:44 PM

Quote from: Devboy on January 10, 2017, 04:06:29 AM

A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.

yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster .

Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then,
But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients.
And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works.

For normal transaction this 10 min wait is ok, But in future, if we get a chance to pay our bills through direct bitcoin this waiting time is bit high. Already in some countries, people are using this facility, but in my country, it's not there, if it comes means the transaction time should be improved otherwise shop owners will not wait, and they will not accept bitcoin as payment.

last night my friend sam send bitcoin I quickly within seconds has been entered, SO VERY NICE STAY NOW Bitcoin system development BIAR AGAIN MORE ADVANCED AND CAN BE APPLIED

some time when there is a huge traffic then it create problems. but most of the time it remain ok and without any delay. we can hope that the systm will become more and more develop with the passage of time.

yes agree with you.but i think this problem must be solve in priority basis because as soon as the number of bitcoin users are increasing so this problem will also be increasing. therefore i think this problem must be solve in priority basis.

grandy

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Quote from: Mbah Tyo on January 12, 2017, 12:29:39 PM

Quote from: klf on January 12, 2017, 12:17:09 PM

Quote from: virasog on January 12, 2017, 12:02:07 PM

Quote from: Ewinsane on January 10, 2017, 05:32:44 PM

Quote from: Devboy on January 10, 2017, 04:06:29 AM

A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.

yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster .

Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then,
But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients.
And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works.

For normal transaction this 10 min wait is ok, But in future, if we get a chance to pay our bills through direct bitcoin this waiting time is bit high. Already in some countries, people are using this facility, but in my country, it's not there, if it comes means the transaction time should be improved otherwise shop owners will not wait, and they will not accept bitcoin as payment.

last night my friend sam send bitcoin I quickly within seconds has been entered, SO VERY NICE STAY NOW Bitcoin system development BIAR AGAIN MORE ADVANCED AND CAN BE APPLIED

some time when there is a huge traffic then it create problems. but most of the time it remain ok and without any delay. we can hope that the systm will become more and more develop with the passage of time.

Mr. Big

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Quote from: 1982dre on January 14, 2017, 03:37:13 AM

Today it finally all looks good. I made 4 transactions and those were all confirmed within 10 minutes. It looks like when the price is raising or falling hard the blockchain becomes full with people who wants to trade. When the price is stable the block chain can handle it all easily.

It looks fine now, I too made a transaction this day and I receive it earlier than I expected it to be confirmed, I even put 5 hours allowance earlier so I could use it at the right time... To my surprise, I receive it in less than an hour... Probabaly the network had a hard time working on transactions during the price up and down due to people transacting and taking advantage of the price either buy or sell...

1982dre

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Today it finally all looks good. I made 4 transactions and those were all confirmed within 10 minutes. It looks like when the price is raising or falling hard the blockchain becomes full with people who wants to trade. When the price is stable the block chain can handle it all easily.

diegz

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Quote from: Ipwich on January 13, 2017, 08:43:22 AM

Sometimes it is fast sometimes it is slow also,it depends upon the response of the network and the establishment when you are transacting,it takes a little bit .But eventually most of my transactions i experience it more fast and accurate.

I noticed that too, the last time I send, it took three hours atleast to have it confirmed, and this day when I send again, it only took less than an hour before I could receive a confirmation. Though it is still a bit different from before, today when you send, 3 confirmations came almost few minutes after the other, unlike before, but it's okay, the important thing is we still can send and receive, we just need a little patience.

bravehearth0319

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I think the Bitcoin transactions become slow because the date connection is slow most of the time or it depends on the location of the person. And if the internet has a strong connection for sure the transaction is fast. This is what I encountered every I'm en cashing it.

Ipwich

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Sometimes it is fast sometimes it is slow also,it depends upon the response of the network and the establishment when you are transacting,it takes a little bit .But eventually most of my transactions i experience it more fast and accurate.

Zadicar

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Quote from: grandy on January 13, 2017, 01:01:27 AM

Quote from: klf on January 12, 2017, 12:17:09 PM

Quote from: virasog on January 12, 2017, 12:02:07 PM

Quote from: Ewinsane on January 10, 2017, 05:32:44 PM

Quote from: Devboy on January 10, 2017, 04:06:29 AM

A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.

yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster .

Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then,
But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients.
And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works.

For normal transaction this 10 min wait is ok, But in future, if we get a chance to pay our bills through direct bitcoin this waiting time is bit high. Already in some countries, people are using this facility, but in my country, it's not there, if it comes means the transaction time should be improved otherwise shop owners will not wait, and they will not accept bitcoin as payment.

yes some time it really take a lot of time, this time must be reduce because some time when you want to buy some thing in open market and want to pay in bitcoin then it become difficult for you to wait while the shopkeeper insist for he payment, therefore the transaction time must be minimize.

This would still do because if a costumer pays of his bill then you can send it anytime and its okay already without the need of waiting because once bitcoin is transferred it cant be reversed and when the shopkeeper see the pending confirmation then its still okay but expect the confirmation times would be long.

grandy

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Quote from: klf on January 12, 2017, 12:17:09 PM

Quote from: virasog on January 12, 2017, 12:02:07 PM

Quote from: Ewinsane on January 10, 2017, 05:32:44 PM

Quote from: Devboy on January 10, 2017, 04:06:29 AM

A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.

yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster .

Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then,
But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients.
And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works.

For normal transaction this 10 min wait is ok, But in future, if we get a chance to pay our bills through direct bitcoin this waiting time is bit high. Already in some countries, people are using this facility, but in my country, it's not there, if it comes means the transaction time should be improved otherwise shop owners will not wait, and they will not accept bitcoin as payment.

yes some time it really take a lot of time, this time must be reduce because some time when you want to buy some thing in open market and want to pay in bitcoin then it become difficult for you to wait while the shopkeeper insist for he payment, therefore the transaction time must be minimize.

Rienair

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These transactions are just based on fee's if they are going fast there is used most likely a high few and with a low fee its the opposite, logical right ?

bitkilo

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Quote from: Ipwich on January 12, 2017, 08:37:02 PM

Quote from: cryptoanalyzer on January 12, 2017, 08:16:53 PM

Quote from: Harsh32 on July 24, 2016, 12:04:00 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 of course. That's one of the points of using Cryptocurrency so you don't have to pay cash on the table and instead use BTC while Sitting behind your phone or pc ordering what you desire.

Transaction is fast if you choose to pay a higher fee and for sure even if it's slow sometimes, it can still be possible as for sure merchant will make a way to attract more market to profit. If it's possible in online stores then it will be possible in local stores.

Yes of course it would be possible for local merchant stores to accept bitcoin but it would not be practical for most.
A online currecy should be used online.

Ipwich

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Quote from: cryptoanalyzer on January 12, 2017, 08:16:53 PM

Quote from: Harsh32 on July 24, 2016, 12:04:00 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 of course. That's one of the points of using Cryptocurrency so you don't have to pay cash on the table and instead use BTC while Sitting behind your phone or pc ordering what you desire.

Transaction is fast if you choose to pay a higher fee and for sure even if it's slow sometimes, it can still be possible as for sure merchant will make a way to attract more market to profit. If it's possible in online stores then it will be possible in local stores.

cryptoanalyzer

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Quote from: Harsh32 on July 24, 2016, 12:04:00 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 of course. That's one of the points of using Cryptocurrency so you don't have to pay cash on the table and instead use BTC while Sitting behind your phone or pc ordering what you desire.

Harlot

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Quote from: Mbah Tyo on January 12, 2017, 12:29:39 PM

Quote from: klf on January 12, 2017, 12:17:09 PM

Quote from: virasog on January 12, 2017, 12:02:07 PM

Quote from: Ewinsane on January 10, 2017, 05:32:44 PM

Quote from: Devboy on January 10, 2017, 04:06:29 AM

A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.

yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster .

Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then,
But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients.
And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works.

For normal transaction this 10 min wait is ok, But in future, if we get a chance to pay our bills through direct bitcoin this waiting time is bit high. Already in some countries, people are using this facility, but in my country, it's not there, if it comes means the transaction time should be improved otherwise shop owners will not wait, and they will not accept bitcoin as payment.

last night my friend sam send bitcoin I quickly within seconds has been entered, SO VERY NICE STAY NOW Bitcoin system development BIAR AGAIN MORE ADVANCED AND CAN BE APPLIED

Yes the Bitcoin being sent to you will actually reflect on your account. But it won't be in your wallet until all the confirmations have been completed. It is like on hold on your wallet which you can't use it because it won't reflect along with all your Bitcoins. I would say that Bitcoin's transaction don't matter as long as you are not waiting for it to actuallu reflect on your account.

Mbah Tyo

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Quote from: klf on January 12, 2017, 12:17:09 PM

Quote from: virasog on January 12, 2017, 12:02:07 PM

Quote from: Ewinsane on January 10, 2017, 05:32:44 PM

Quote from: Devboy on January 10, 2017, 04:06:29 AM

A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.

yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster .

Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then,
But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients.
And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works.

For normal transaction this 10 min wait is ok, But in future, if we get a chance to pay our bills through direct bitcoin this waiting time is bit high. Already in some countries, people are using this facility, but in my country, it's not there, if it comes means the transaction time should be improved otherwise shop owners will not wait, and they will not accept bitcoin as payment.

last night my friend sam send bitcoin I quickly within seconds has been entered, SO VERY NICE STAY NOW Bitcoin system development BIAR AGAIN MORE ADVANCED AND CAN BE APPLIED

klf

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Quote from: virasog on January 12, 2017, 12:02:07 PM

Quote from: Ewinsane on January 10, 2017, 05:32:44 PM

Quote from: Devboy on January 10, 2017, 04:06:29 AM

A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.

yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster .

Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then,
But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients.
And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works.

For normal transaction this 10 min wait is ok, But in future, if we get a chance to pay our bills through direct bitcoin this waiting time is bit high. Already in some countries, people are using this facility, but in my country, it's not there, if it comes means the transaction time should be improved otherwise shop owners will not wait, and they will not accept bitcoin as payment.

virasog

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Quote from: Ewinsane on January 10, 2017, 05:32:44 PM

Quote from: Devboy on January 10, 2017, 04:06:29 AM

A normal transactions you have to wait 10 minutes for a transaction to be confirmed.Some times transactions taking a long time to be processed by the network problem.It depends also which types of wallet you use and fee that you set.

yeah you are right that normal transaction time is 10 minute and i think its very fast transaction than other service or bank and there is maximum people prefer that bitcoin transaction is very much faster .

Yes, to compare the bitcoin transaction time span to bank one I guess bank is defeated then,
But I guess 10 minutes waiting is good enough to wait not for days to be confirmed and received by recipients.
And to use this as payment method to groceries is a good Idea but just let the owner of the store be enlightened by what and how biticoin really works.

Topic: bitcoin transactions - Slow OR Fast - page 2. (Read 40467 times)