Post
Topic
Board Bitcoin Discussion
Re: bitcoin transactions - Slow OR Fast
by
Mastsetad
on 29/11/2016, 16:20:27 UTC
Indeed, the future of bitcoin is bright, in another 2-4 years it will be huge.

The slow confirms are not a problem.
The slow confirmation will be a problem if you're wanted the transaction to be done urgently but you need to wait for at least one confirmation which rarely takes more than 15 minutes for an average time needed for a transaction to be confirmed and luckily less than 15 minutes.

you're not considering it as a problem. that's okay. maybe you're not transacting so often hence you never really got the experience of waiting confirmation to arrive

Same case is with me, maybe because i don't do transactions so often so that is why i have never faced this thing, last night when i was topping up my mobile with bitrefill.com and when i sent the bitcoins to their address, it really surprised me when the transaction did not even take 5 minutes to get confirmed, i don't know why people face so many problems with transactions.