Post
Topic
Board Speculation
Re: Bitcoin sucks ass but price still rises- how come
by
aubert
on 20/05/2017, 07:32:57 UTC
Those whales seem to keep their money on exchanges and therefore the current shitty crowd which occur in blockchain really don't bother them. The demands are still there even if many transactions are stuck because the only factor that could make the price increase is demands and while many bitcoin still stuck, the supply currently lower than usual. Theoretically, it's a kind of normal thing to happen but, however, if the scalability problem could be solved as soon as possible, the price might increase, who knows?

I still have a current transaction that would be considered have a high transaction fee, but now, leading to the turn out events, the transaction has increased dramatically and my transaction has never been confirmed even after a week. I am becoming impatient everyday and I hope there could be a solution to the problem that would lead to having the average transaction fee.

Supposedly, within a week, a transaction will be rejected if it's not gets confirmed. If more than a week your transaction is still there, something must have gone wrong.