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!
Indirectly delay in delivery of Bitcoin can make Bitcoin owners do not take action that can reduce the price of Bitcoin. An example is a panic sell that can make Bitcoin prices plummet. I see that when people do not panic sell Bitcoin prices can survive and tend to have a stable price. But I also experienced the same thing, I did some transactions and it was over delay, it was almost 3 days and Bitcoin that I have not got. This is a risk, so we can speed up the delivery of Bitcoin by increasing FEE, this is an obligation for us to take action quickly.