Topic: Returning to bitcoin after 2 years! shocked at confirmation time! - page 3. (Read 5205 times)
I think, the price of the new BTC surprised you, while the confirmation time is high but it is inevitable when the number of transactions increased dramatically.
This was not the bitcoin i had seen!
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
I also feel that the transaction within a day can not be confirmed, This is due to the increase in users bitcoin transaction to effect the confirmation of many. What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
Perhaps scientists are trying to improve the convenience of bitcoin transactions.
Well that's the sad story we've all been meted with and instead of building a consensus on how to solve the problem the community is rather divided and everyone seeking fame with his opinion. I don't know when it's going to be solved but this doesn't auger well for Bitcoin.
There are still many different opinions on this issue. People do not have a common idea, so they always contradict each other, and the problem becomes more difficult to resolve. Basically, bitcoin needs larger block numbers, but security needs to be met.
Ya this is the main issue of problem facing by the bitcoin users and even when paying high fees the confirmation of transaction is taking very long time, until this is not solved bitcoin may get more negative aspects
The high fees can be solved as well as the slow confirmation time in the blockchain network and the solution for me is the, segwit like in the litecoin which will make the transactions faster and the fees might go down and that is when we are going to have a non-hassle transactions and problems again.i am really happy about litecoin, because as we all know it is the exact copy of bitcoin and it has always been considered as the silver to bitcoins gold. and my happiness is because now that this copy of bitcoin has activated SegWit, many of miners can finally change their mind and join the SegWit train and with a bigger support we can finally activate it even if it means using UASF.
Ya this is the main issue of problem facing by the bitcoin users and even when paying high fees the confirmation of transaction is taking very long time, until this is not solved bitcoin may get more negative aspects
The high fees can be solved as well as the slow confirmation time in the blockchain network and the solution for me is the, segwit like in the litecoin which will make the transactions faster and the fees might go down and that is when we are going to have a non-hassle transactions and problems again.
Ya this is the main issue of problem facing by the bitcoin users and even when paying high fees the confirmation of transaction is taking very long time, until this is not solved bitcoin may get more negative aspects
Well that's the sad story we've all been meted with and instead of building a consensus on how to solve the problem the community is rather divided and everyone seeking fame with his opinion. I don't know when it's going to be solved but this doesn't auger well for Bitcoin.
man, due to most of the altcoins are traded with bitcoin, the bitcoin dominance is never been less than 50% unless the allowance of trading between fiats and alts directly. i know the spee dof transaction is too slow, but bitcoin is still the most popular cryptocurrency, after all, and has better ability to trade. the high transaction volume, and the higher difficulty of working in bitcoin, resulting the everhigher fee for faster confirmation.
Yeah, things are going from normal to worst. One good thing is that price has increased but as mentioned, confirmation time is terrible and plus we have to pay very, very high fees and still confirmation time sucks.
We need something to fix current situation because things aren't going good and day to day using of bitcoin becomes terrible. I think bitcoin will lost it's users if something won't happen and situation won't be fixed.
+1 until the blockchain size growth doubles for higher amount of transactions. We need something to fix current situation because things aren't going good and day to day using of bitcoin becomes terrible. I think bitcoin will lost it's users if something won't happen and situation won't be fixed.
First of all Op after a long break getting back to bitcoin is simply good and soon he'll omit the transaction confirmation is not at all an big issue. In the past the transaction fee is low as the price is low along with the low usage. Now everything has increased even with big fee confirmation delay happens just because of increased user profiles.
The reason why the miner fee is increasing is because of the hard time to mine bitcoins. The reason is that there is a spam attack on the blockchain that causes delay and eats upon the blocksize. The miner fee was placed by the web wallet host and by the exchangers so that your btc transaction could be process much faster. The higher your miner fee the faster your confirmation will be.
Yeah, things are going from normal to worst. One good thing is that price has increased but as mentioned, confirmation time is terrible and plus we have to pay very, very high fees and still confirmation time sucks.
We need something to fix current situation because things aren't going good and day to day using of bitcoin becomes terrible. I think bitcoin will lost it's users if something won't happen and situation won't be fixed.
We need something to fix current situation because things aren't going good and day to day using of bitcoin becomes terrible. I think bitcoin will lost it's users if something won't happen and situation won't be fixed.
2 years ago, we don't really care about fees of payment transaction blockchain and we can easily send and receive bitcoin in just minutes. But now, I can't understand why I have to pay miner to confirm my transaction when they have reward on block they solve.
As i understand it blocks are new generated bitcoins, and fees which we are paying with every transaction is their payment... And once no new bitcoins will be generated through blocks only fees will keep the thing going. So fee is a must be. 
First of all Op after a long break getting back to bitcoin is simply good and soon he'll omit the transaction confirmation is not at all an big issue. In the past the transaction fee is low as the price is low along with the low usage. Now everything has increased even with big fee confirmation delay happens just because of increased user profiles.
I pay n average one dollar to do a Bitcoin transaction if I want it to be sent in a reasonable time frame so I try not to send less than 50 bucks worth at a time and don't use it for small transactions anymore. I prefer to use other altcoins that are cheap and work faster for the smaller transactions I execute.
This is the most common problem in many bitcoin user most of the time in the transaction it almost take forever like you would think you will be lucky if you receive it in 12hours but for me it was just normal and the main thing is we just adopted this kind of system and its okey the important is we receive the transactions.I mean this nothing we can do unless pay high fees.
This was not the bitcoin i had seen!
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
Sincerely, thats how bad things have turned out to be but we are still here. When I joined bitcoin all those people predicting the death of bitcoin based on reasons like this that they foresaw, I believe that everything they were saying is a myth. I transfer and receive within minutes even with confirmations couple with low fees but now the only thing that can be said is 'the good old days'.
Yes it is not the bitcoin you have seen. It grew in price and a lot happened.
You could try to review everything just for updates so you would see the reasons why and how you could hasten your transaction time.
You may have been too much excited getting back and didn't realize this could happen.
But also, from the start it is the more you pay the faster.
You could try to review everything just for updates so you would see the reasons why and how you could hasten your transaction time.
You may have been too much excited getting back and didn't realize this could happen.
But also, from the start it is the more you pay the faster.
2 years ago, we don't really care about fees of payment transaction blockchain and we can easily send and receive bitcoin in just minutes. But now, I can't understand why I have to pay miner to confirm my transaction when they have reward on block they solve.
Don't know anyone who was absent so long time from Bitcoin world. How did you manage? 
It must have been a kind of shock for you, many things have changed.
Confirmation time depends a big deal of the transactions fee so try to avoid very low fees. Otherwise O think in two years time many good things have happened for Bitcoins.
It must have been a kind of shock for you, many things have changed. Confirmation time depends a big deal of the transactions fee so try to avoid very low fees. Otherwise O think in two years time many good things have happened for Bitcoins.
This was not the bitcoin i had seen!
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
A few other changes have occurred - if you don't pay a high fee, people here on the forum will abuse you and tell you it's your fault. Ignore those tools - they can't grasp that if everyone paid high fees, all transactions still can't be confirmed!
Oh, also, most rational talk here of increasing the blocksize limit is met with pro-Segwit spam. Save your breath.
Being away for two years is quite a long time for you to expect major changes and so don't be surprised I'm sure if you close your eyes for the next two years you'll return to a Bitcoin with improvements that will meet your preferences. I'm not justifying the delayed confirmations but I'm also surprised you were expecting to see the same thing.
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