Finally Bitcoin is becoming normal - page 2.

Kayum10029

full member

Activity: 1190

Merit: 100

Quote from: Get-Paid.com on January 22, 2018, 11:30:35 PM

Lower fees, transactions are approved within minutes or hours and not within DAYS!

Can this please keep itself like this permanently?

yes bitcoin now in normally position. very much increase of price is alarming signal of bitcoin.but in present time bitcoin price is $10000 is very stable and normal.

cryptocollecter55

member

Activity: 252

Merit: 10

Quote from: SONG GEET on January 22, 2018, 11:59:50 PM

Quote from: pooya87 on January 22, 2018, 11:44:04 PM

nothing about current bitcoin state regarding fees is normal, it is as abnormal as before.
we have 82000+ unconfirmed transactions which is nearly 220 MB in size and low fee transactions are being confirmed fast and fee has gone down drastically!

this is NOT normal. it only proves that someone has been spamming the mempool with high fee transactions to keep the fees up and now it has stopped! normal users are paying lower logical fees that they are willing to pay and also since the spam has stopped the number of unconfirmed transactions are coming down from nearly 200k to 82k and dropping more.

Yeah like many have stated before all those unconfirmed transactions were done by big block supporters to spread fud about Bitcoin and 1mb blocks. Now they have stopped spamming so even tx with 80sat/byte fee is being confirmed in next block. However those spam attacks on Bitcoin network might return when Bitcoin price will start to pump again.

the problem is that the late or delay confermation of btc transection and fees of transection .intotally thats harm the btc price more.i don't think so it is a quite stable place and added with that the price of btc is down little bit in upcomming days if those problem remaining.

Aileen C.

newbie

Activity: 84

Merit: 0

Hope the update will come sooner. Anyways happy that bitcoin at this time became normal and hopefully it will day by day.

Quote from: integrap on January 25, 2018, 03:47:00 PM

I am waiting for lightning update. It will be faster and faster. They say new update will come in 6 months but some people say that it is a fake update. But if lightning update comes I cannot imagine altcoins.

integrap

member

Activity: 182

Merit: 10

I am waiting for lightning update. It will be faster and faster. They say new update will come in 6 months but some people say that it is a fake update. But if lightning update comes I cannot imagine altcoins.

dragonballz999

newbie

Activity: 41

Merit: 0

It will get cheaper for transactions as the price and demand decrease. I think bitcoin may still go down to 4k and then remain stable at that price.

CryptoBeefy

full member

Activity: 378

Merit: 100

A happy trade off between a decent price and still be able to send quickly, with it not costing a small fortune would be ideal. Steady growth would also be nice

Willytom

member

Activity: 98

Merit: 10

I don't think bitcoin is yet normal. I agree the sudden rise and fall isn't there at the moment which I strongly believe that happened as a result of the fudds and whales that dumped. Nevertheless, the transaction fees are still high compared to eth and others.

Hazaki

full member

Activity: 406

Merit: 156

At the worst days of congestion there was a 15 transaction per second being operated which made the network a hell hole , and it's currently at 2.87 so everything is settling down and people who badly needed their money and didn't want to pay exorbitant amounts of fees can now enjoy their assets .
People are certainly happy that the transactions are getting cleared and the congestion is finally going away , yet problems aren't fully solved even with the support that the community is showing to the segwitted addresses . And at any moment everything can get much worse than what we experienced .
Miners actually don't mind that at all since they'll be making 3 times their normal revenues in fees (from 5btc per block to 15 ) , and people will be either paying more than 10% of their transaction's value in either fees or transactions accelerators (which can eventually turn up to be pure scams .. ) .
Radical change should be made and the current block size of 2Mb ain't nearly enough .
Will lightning network solve problems ? Maybe .. but i doubt it being adopted since miners will be spending money to adjust their mining farms , which they can refuse to ..

Cryptosaint$

member

Activity: 102

Merit: 29

Quote from: Get-Paid.com on January 22, 2018, 11:30:35 PM

Lower fees, transactions are approved within minutes or hours and not within DAYS!

Can this please keep itself like this permanently?

I think that is all from the run out of the market that has been happening. When 300 billion runs out of the market there have to be some ripples that are felt.

BTC has done nothing to improve or update their protocol, so nothing in the protocol has changed to allow these so called improvements.

Washball

full member

Activity: 266

Merit: 151

First crypto index traded as a token!

It's a bad thing if high fees are deliberately created by a few people, but the fact is that Bitcoin has issues that makes this possible. Hopefully this can be solved soon, so transactions can be done in a proper way, with reasonable fees and confirmation times. Lightning Network should be the solution and has to be implemented asap.

redhondaxrm125

full member

Activity: 266

Merit: 100

Quote from: Get-Paid.com on January 22, 2018, 11:30:35 PM

Lower fees, transactions are approved within minutes or hours and not within DAYS!

Can this please keep itself like this permanently?

Well, i agree that this is really a very good thng for us people who love crypto currencies. But the thing is, nothing lasts forever which is why you cannot have that life permanently. which is why it is very hard go through this, crypto world. But for me, this is the best part of crypto currencies. The volatility itself because this gives me an unexplainable thrill that i am currently addicted now.

CoPil

member

Activity: 168

Merit: 10

Quote from: Get-Paid.com on January 22, 2018, 11:30:35 PM

Lower fees, transactions are approved within minutes or hours and not within DAYS!

Can this please keep itself like this permanently?

We do hope that! But it's inevitable that sometimes problems happen. Such glitches of some sort and higher fees. At least it's becoming better this year. The BTC network and processes improved. Things are prone to changes, especially BTC is a currency everything's not really consistent. Changes can be a positive or a negative one. But we are all happy that transactions are smoother and better than ever. Hope that Bitcoin continues to improve so as its popularity! BTC.

fulmetal08larz

full member

Activity: 476

Merit: 124

It's good that the transactions lately are getting smoother than the previous months. Possibly, this is related to the lower price of BTC and gradual implementation of Lightning Network. If this continues, we could be seeing another all time high within the year 2018.

nightxglow

sr. member

Activity: 700

Merit: 251

It'll be good if it stays like this, because before it's kinda chaos, lots of people panic, saying bitcoin bubble and such, even telling bitcoin is going to end soon.
But i think a condition like this may happen more in the future, moreover if there's a significant change like the system or about the coins, or maybe some regulations and media attack that may affect bitcoin and make it become unstable again.
But i'm pretty sure it's gonna stay and still being here although there are many things that gonna happen.

David Rabahy

hero member

Activity: 709

Merit: 503

What evidence can we look at to support the idea that there are bad actors deliberately attacking Bitcoin to drive up the transaction fees?

Does any other cryptocurrency have this same kind of problem?

If Bitcoin flops then will the bad actors switch their attention to the next top currency?

just_Alice

hero member

Activity: 1274

Merit: 622

Quote from: Get-Paid.com on January 22, 2018, 11:30:35 PM

Lower fees, transactions are approved within minutes or hours and not within DAYS!

Can this please keep itself like this permanently?

This is good news. But unfortunately it can't last forever, when bitcoin's price rise up again inveterate traders will trade huge amounts so that paying 15$ for transactions will be affordable, while regular people would have to overpay for transferring average amounts, or just wait for confirmations of transactions for weeks.

Maujiram

newbie

Activity: 39

Merit: 0

Whenever a huge congestion in blockchain it automatically charge huge fee and when congestion over fee automatically dropped to normal.

BlackRacerX

full member

Activity: 462

Merit: 102

Quote from: Get-Paid.com on January 22, 2018, 11:30:35 PM

Lower fees, transactions are approved within minutes or hours and not within DAYS!

Can this please keep itself like this permanently?

I hope so! I think it will make a huge impact in the bitcoin industry if this keeps on forever. Fast transactions and lower transaction fees, sooner or later, we will be seeing bitcoins used on the streets using terminals and cards. It all starts with the lightning network being incorporated.

Xiomara

newbie

Activity: 101

Merit: 0

It will not be a secret for anyone to learn that the bitcoin market is an asian market that is trying to come back to normal after regulatory shocks.
While everyone was screaming that "it is growing" and the Bitcoin course was really growing, despite the fact that there was no regulation at all.

levvv

member

Activity: 532

Merit: 17

Yeah we all want that. The bitcoin fees hope stay in the low price.
But i think if the transaction fee is low, is that mean there are less transactions than before ?
If that is the case, then bitcoin is left by bitcoin user. And we don't want that happening in the future.

Topic: Finally Bitcoin is becoming normal - page 2. (Read 1269 times)