My question is already in the subject line.
I saw today that there is about 180 k unconfirmed transactions (
https://blockchain.info/unconfirmed-transactions)
Besides the fact that it undermines btc's reputation and ability as a currency, is that what keeps the price steady at the moment?
Maybe you can help me out here, but the most likely scenario for me is that this prevents the btc price from dropping right now?
thanks in advance for your input!
Wow. Great observation.
That could be one of the reason it is not fluctuating down much.
Stucked withdrawals and others that will not sacrifice to do any transactions for now because of the traffic.
Yes that might be possible that it is the reason behind it. But after all this could all be fixed and I hope the price will stay as it is now.