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!
You are right as this could solve demand for bitcoin as many unconfirmed transactions still count as bitcoin holding. Another thing that has keep bitcoin up is the current decision by two company to use bitcoin for future trade, I think this make many holders to keep bitcoin in other to make profit from the pump that may start happening from on 10-12-2017.