Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not serving its purpose ANYMORE transfer waiting 48hr even paid high
by
avikz
on 24/02/2021, 07:28:00 UTC
Hello,

I was made a transfer yesterday
https://www.blockchain.com/btc/tx/c2f026d881fb1e927918f6dbb699636e4fc4591623ceadac80c09a1db07fc03b

I paid high fee:
Fee
$29.26
(176.366 sat/B - 44.091 sat/WU - 339 bytes)

But still didnt get confirmed.

Wasn't the purpose of bitcoins fast money transfer with appropriate transfer fees?

Well I empathize with you here! I too had faced Similar situation where I had paid big enough transaction fees and had to wait for 2 hours to get at least 3 confirmations. So bitcoin doesn't really look good as a currency at this point! I believe the situation would continue if the price of bitcoin continues to rise! There's no going back and we can't expect to have things any cheaper.

I think, it's high time we adopt LN! It's already live and LN enabled wallets are also available. Unless the confirmation time is reduced and the transaction fee becomes cheaper, bitcoin looks good for investment only!