Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoins is now same as paypal(and worst)
by
pinkflower
on 09/03/2017, 07:09:46 UTC
Well, we have now to send transactions with a fee $1-$10 otherwise the transaction will never get confirmed

Just telling you, don't waste your time posting a thread on tech problems section

Even now transactions with less than 0.01 BTC will never get confirmed(or it will take longer)

You delvs didn't trough this could happend if the bitcoins went up the market?


Yeah, but good thing that I cashed out my bitcoins earlier haha.

Like I always said in this forum, If there is a lot of uncomnfirmed transaction that is because most them did transact with low charge of fee, and as far as I know majority of who gave high fee transaction is the one get confirmed immediately.
Currently on blockchain.info there are 47k unconfirmed transactions, with a total size of 58MB and total fees of 18.3BTC. That's an average of   0.00038270 BTC/0.45$ per tx, or an average of 31sats/byte. Not really that low IMO  Tongue

Better get used to it because someone and some groups out there are loving the situation. The situation will worsen and the fees will only get higher and higher in the coming years.