bitcoin transactions - Slow OR Fast - page 24.

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Quote from: prabowo96 on November 15, 2016, 12:34:53 AM

Quote from: Schuyler on November 14, 2016, 10:58:57 PM

My transactions are taking a while, but that is ok with me since that involves only a small amount. If the day comes that I am already transacting huge amounts, I am expecting that the transaction speeds become faster so that I can have more peace of mind. The waiting time can sometimes be daunting.

I don't know why people keep watching until the transaction got confirmed, just chill, go work, go play and have fun...

Early or later the transaction will be confirmed, you don't need to refresh every minute.

Depending on the network speed and the transaction fee one get faster transaction. As quoted by above mate once on transfer you can see the bitcoin in the incoming status, then why to wait long or short time to see the confirmations. Most get panic and sometimes report this delay as an issue.

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Quote from: Schuyler on November 14, 2016, 10:58:57 PM

My transactions are taking a while, but that is ok with me since that involves only a small amount. If the day comes that I am already transacting huge amounts, I am expecting that the transaction speeds become faster so that I can have more peace of mind. The waiting time can sometimes be daunting.

I don't know why people keep watching until the transaction got confirmed, just chill, go work, go play and have fun...

Early or later the transaction will be confirmed, you don't need to refresh every minute.

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My transactions are taking a while, but that is ok with me since that involves only a small amount. If the day comes that I am already transacting huge amounts, I am expecting that the transaction speeds become faster so that I can have more peace of mind. The waiting time can sometimes be daunting.

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bitcoin transactions are becoming faster than u can expect .after a few days e shoops will be accepting bitcoins .well for this transaction u have to wait for 5-7 mints ,which is enough time for the bitcoin transaction .kudoos

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Quote from: BitcoinPanther on November 14, 2016, 09:37:13 PM

Quote from: rikybrosh on November 14, 2016, 09:21:25 PM

I think it fast enough becouse I can Send money world wide in few minute, but some people said that it is not so fast.

The transaction speed is fast but the problem is the confirmation, it takes more than 10 min sometimes more than an hour, even if you pay the transaction fee of 10k satoshi. I often doubles the fee to make the confirmation of the transaction faster which proven to be effective in most cases.

but it sure is faster than any bank procedures... and cost less, isn't it?

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Quote from: rikybrosh on November 14, 2016, 09:21:25 PM

I think it fast enough becouse I can Send money world wide in few minute, but some people said that it is not so fast.

The transaction speed is fast but the problem is the confirmation, it takes more than 10 min sometimes more than an hour, even if you pay the transaction fee of 10k satoshi. I often doubles the fee to make the confirmation of the transaction faster which proven to be effective in most cases.

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I think it fast enough becouse I can Send money world wide in few minute, but some people said that it is not so fast.

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Quote from: mirakal on November 13, 2016, 11:54:08 PM

Quote from: irsykes on November 13, 2016, 10:51:59 PM

maybe if use system like bitpay,people no need to wait to transaction get confirmed, and it can be used for online shopping that use bitcoin. after we send and bitpay detect it , the transaction would never go back right?

It's irreversible here, so it's a yes. Therefore we should be very careful with our transacting party as the moment we send that amount and we wrongfully send to a wrong bitcoin address we will never recover it as we are also anonymous here and it's hard to trace who that person you send the money.

i think about wrong address, it depends from themself because, if me want to send some bitcoin even on a little amount, i always re-check the receiver address 3 times before send it

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Quote from: danherbias07 on November 14, 2016, 12:22:45 AM

Getting really slower as time goes by. I hope this can be changed. Paid some amount to make it faster. That is the only way for now.

That should not be a solution for this problem, something else should be done for resolving this as it would be really hard later on for us this way if we keep increasing the fees for bigger transactions, if we are sending 0.5btc we would add higher fees than what we pay for a transaction of 0.25btc.

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Quote from: Dudeperfect on November 14, 2016, 08:50:47 AM

Quote from: danherbias07 on November 14, 2016, 12:22:45 AM

Getting really slower as time goes by. I hope this can be changed. Paid some amount to make it faster. That is the only way for now.

I think paying excessive fees for faster transaction is not a cool idea because we are not actually finding a solution for it but we are just postponing this issue of late confirmation.
I am not sure if anything like this is possible or not but how about making some internal mechanism (for example on blockchain) for faster transactions? One having blockchain wallet would be able to send quick payment to another blockchain wallet holder but to others it will take usual time (the time we are facing right now).

Unfortunatelly I think that high fees are where we are heading at the moment.
More transactions are made and those with high fees are preferred, that's natural.
My hopes are still that a change of block size would be a solution for this problem.

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Quote from: dominikherzog5 on November 14, 2016, 08:25:05 AM

for me bitcoin is slow, some of my transaction can take up few hours, i learned that the bitcoin transactions will be fast once there is a decentralized lightning network, is it right?

yes i think bitcoin transaction fairly slow, if it is caused by the donor to the recipient bitcoin on the internet. take a few hours or a few days to be successful. slow enough I think.

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Quote from: danherbias07 on November 14, 2016, 12:22:45 AM

Getting really slower as time goes by. I hope this can be changed. Paid some amount to make it faster. That is the only way for now.

I think paying excessive fees for faster transaction is not a cool idea because we are not actually finding a solution for it but we are just postponing this issue of late confirmation.
I am not sure if anything like this is possible or not but how about making some internal mechanism (for example on blockchain) for faster transactions? One having blockchain wallet would be able to send quick payment to another blockchain wallet holder but to others it will take usual time (the time we are facing right now).

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for me bitcoin is slow, some of my transaction can take up few hours, i learned that the bitcoin transactions will be fast once there is a decentralized lightning network, is it right?

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in the bitcoin transaction speed depends on the amount of the fee we adjust. the higher the number the shipping fee, the faster bitcoin block solved. so as to make the delivery time faster.

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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.

That really depends, because if we really want btc in every local store, then we need the network to work faster.
Slower confirmations won't allow us that.For now it's too slow

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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.

If you send a bitcoin to someone, It will show up in the wallet in seconds but the confirmation time can take 30-40 minutes or even an hour.

It will be hard for local stores to accept bitcoin as you can cancel an unconfirmed transaction.

The only way to speed up the confirmation time is to pay a higher miner fee because the miners typically pick a transaction with a high fee.

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Getting really slower as time goes by. I hope this can be changed. Paid some amount to make it faster. That is the only way for now.

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Quote from: irsykes on November 13, 2016, 10:51:59 PM

maybe if use system like bitpay,people no need to wait to transaction get confirmed, and it can be used for online shopping that use bitcoin. after we send and bitpay detect it , the transaction would never go back right?

It's irreversible here, so it's a yes. Therefore we should be very careful with our transacting party as the moment we send that amount and we wrongfully send to a wrong bitcoin address we will never recover it as we are also anonymous here and it's hard to trace who that person you send the money.

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maybe if use system like bitpay,people no need to wait to transaction get confirmed, and it can be used for online shopping that use bitcoin. after we send and bitpay detect it , the transaction would never go back right?

madwica

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For me all my transaction in bitcoin is very fast this only take few time to confirm and also that is very good that i can not encounter any problem every time i do transaction in bitcoin, that is why i am satisfied with the services of bitcoin brings to me.

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