Post
Topic
Board Bitcoin Discussion
Re: This is the the reason why Bitcoin price will go down and not up long term
by
IIV
on 20/06/2019, 17:06:52 UTC
You sent a transaction 45 minutes ago with a fee of 103 Sat/B which according to bitcoinfees.earn.com - this should take no more than 25 minutes to confirm, and nonetheless despite you paid a large fee and more than the recommended fee amount - it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Bitcoin will never be instant, and that's why people won't use it long term. In our dynamic world things need to be fast and instant.


It's faster than Visa.


Visa was faster than wire transfer.