Topic: I have NEVER seen Bitcoin in such a sorry state as this!! - page 7. (Read 1763 times)

Thats funny that you are mentioning it now although these problems have been around all the time and we have known that btc has its issues.
But GOLD also has it issues , no one is paying with it in every day transactions unless you are a war lord.

I believe that price will rise and BTC will remain as asset but we can use other currencies for every day transactions.

What site or which wallet are you using? I had done three transaction and each one thousand each, and I paid 12$, 6$ and 1.45$ as fees and they confirmed in less than a hour. I think you should use electrum wallet, I feel that's the best does the work quickly and effectively, not really sure what's wrong but I feel it's only a matter of time before it gets sorted out, just hang on don't loose faith just yet.

AztekPhoenix, that's absolutely right. There already has been a solution: Bitcoin Cash. Bitcoin Cash and Bitcoin should somehow merge again. Some huge decissions like this are necessary to become the world currency.

That's indeed true. The reason why we are surprised bybthis is that we are used of its value to continuously increase. But we shouldnnot worry about this backdrop since it is jist a part of its natural volatility. Transactionsbare just high because of the season. It will sureky increase after this, so continue holding and investing.

If you were really using Bitcoin for the last 6 years, you wouldn't have sold your BTC. Do you even use SegWit? I didn't have any problems with long confirmation time thanks to it. I must admit that fees are kinda high. Increasing the blocksize would be a temporary and irreversible solution. We just have to wait for Bitcoin Core to release full support of SegWit. Lightning Network is almost there. Give it a few months.

I think a faster altcoin getting a confirmation would be an alternative transaction

Because you have too much hope for bitcoin, that's why you become so disappointed. So do not put too much hope into anything in crypto as it can always frustrate you.

This is more or less a personal case. You should know how to transact bitcoin better, and perhaps use a wallet that calculates fees per byte dynamically.  Other than that, I don't think that transaction times should be downplayied on Bitcoin as it is currently normal for fees to be high while transactions are in high demand and the price is rising. Bitcoin will always remain a great store of value.

I think they do not know about bitcoin, like gold, even more than gold, because it rises so much faster even a few months ago up to the month now the price is higher, bitcoin currently set a good price, so the transaction costs will be more expensive

So, I grabbed my shovel and started digging.  C’mon, folks.  Implausible as the melodramatic “long time Bitcoiner of 6 years” from a 30-post Jr. Member account did seem, it takes only one click to see that fonestar’s account was registered 2011-06-03; and a quick check of the blockchain shows that the address in his signature, 16bY6d2wisEZ78pU6UaYf6fedmN4fBhsfF, has been in use since 2013-03-14.  Only a spoon-sized shovel is required to dig up that much.

fonestar’s forum account was shows no posts from 2011 to 2014, and 2014 to December 2016, and December 2016 to December 2017 (with only one post each in 2011 and 2016).  That leaves the question:  Is the account controlled by the same person who registered it?  Of course, the only proof which could be had about the Bitcoin address would be a signature.

As for the account, my conclusion is yes, this seems to be the same individual.  And he’s a flake—surprise, surprise.  Worse than that:  You know those disaffected teenage losers who stop liking a band when it becomes popular?  That seems to sum up fonestar’s mentality.

Back in 2014, fonestar was snidely downtalking the “geezers and goldbugs” on Zerohedge—where by his own description, he was trolling:




(By the way, from that last, you can tell how wildly inaccurate fonestar’s information is about everything whatsoever.  Charlie Lee, 2017-01-06: “My Vision For SegWit And Lightning Networks On Litecoin And Bitcoin”  (“You’ve probably seen that I recently started advocating for SegWit to activate on Litecoin and Bitcoin.”))

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First reply, and still the best one.  My initial reaction, exactly.

This year is so far the best for bitcoin because from 1k$ in the beginning of the year to around 14-19k this time, no doubt this is the highest increase on the history of bitcoin. Although this is the best year for the bitcoin, it has been the worst too for me because of many problems that bitcoin can't handle like the high fees and slow tx. I will not surprised if next year, an altcoin will be closer to surpass bitcoin because of a better features of it.

But its too much for a people who invest small amount of money. Well this is just the problem of bitcoin right now and I do hope that the incoming fork will address this, and bitcoin will be back on track. Bitcoin will survive and make the transaction fee lower than ever for good.

No mate, there has been huge volumes on the bitcoin network and it will take some more time to find the appropriate solution. but till then we as a community member have to support the bitcoins. I agree that there has been frustration while make the bitcoins transactions but i hope the situation will be resolved in coming days. So please do not cash out all the coins, at least hold few bitcoins.

If you are really an old Bitcoin user then you should know that coverting your BTC to BCH is not the appropriate solution.
As a Bitcoin believer you should not support greedy developers.
It is just a matter of time before all network problems get solved, and I think using SegWit would be a good start.
Bitcoin will recover soon but in the meanwhile you can use other coins.

It is only because your handling fee is low, I also gradually do not use BTC to make the transfer, most of the time service fee is too expensive indeed is a problem, I will make the transfer through BCH.

1.5x or 2x recommended fee? BS! I've sent half a dozen txs with recommended fee and they've all gone through in the next block.

Guess you'll chicken out when(IF) any of those shitcoins ever have a network to speak of? So many dumbasses without even the most basic understanding of how blockchains work and their limitations. Centralization is a bigger problem than transient pinpricks like tx fee.

Bitcoin has a plan to not only sort out the fee but also secure the network better. Shitcoins, at best, simply rip off Bitcoin's implementations.

Boooo, BTC dropped from 20K to 13K last week...People forget even at 13K it's a monthly increase of over 60%...

What is it saying when a Jr member of this forum is saying that he or she is into Bitcoin for 6 years and you are using a Alt account to QUIT?

In the 6 years that you were around, did you not use this forum?

If you have been in Bitcoin for 6 years, you would have understood what manipulation is going on here and how this "high fee" situation is being fabricated by merchants & miners and people spamming the network.

SegWit was developed as the temporary solution and now nobody is using it and complaining about high fees, whilst using the old legacy adresses.

If you cannot see what is going on now, then you should support Roger Ver and his cheerleaders with BCash.

It cannot even scale to VISA levels.

 

 

but I dont's see anything wrong with BTC, in fact I think the correction was not huge enough
cause guys, really, don't you see the rise from 7k ot 19.8R was completely artificial?
if we understand that - then it is easy to expect the correction, and it was there. so all is good i think.

Well i guess the network was not ready for the surge of investors. I think a major development to its technology should be done to be able to support its growing investors.