Post
Topic
Board Speculation
Re: Why Bitcoin is dieing?
by
dothebeats
on 22/08/2017, 07:13:56 UTC
This should be moved to the Speculation board.



Here we go again with the endless "bitcoin is dying" posts when the price takes a beating of more than 5%. Seriously, price alone doesn't dictate bitcoin's current state knowing that there are still services around it in the mean time and large investors are, day by day, backing up the coin and trying to build their services associating it. The future is bright; it's just that people are booking profits and this is more than likely to test higher highs in the coming weeks.

Yea but the confirmations of the transactions goes to low, like waiting hour and more.

Almost 20% of bitcoin's miners are currently directed to BCH because of the low difficulty and miners are just taking advantage of the low numbers. An hour or more for confirmation is normal if you pay normal fees. Again, 10 minutes is never a guarantee in finding a block and it greatly varies.