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Showing 2 of 2 results by Kodanshkang4
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Board Bitcoin Discussion
Re: This is amazing
by
Kodanshkang4
on 09/08/2017, 15:42:02 UTC
I think bitcoin is the choice for investment, it can be for long and medium term, my family and I also save bitcoin and I do not sell it, I only sell Bitcoin when the price is good and can give profit.

I think bitcoin has some significant capacity to hold the value but I doubt it will rocket to 1 mil since it does not have significant utility. The whole cryptocurrency utility is taking the position from the current financing system like stock exchange and banking. Plus, the smart contract and the similar crypto economy takes out the bloated intermediary middleman's profit like itunes, google, and facebook. Does gold have utility? No. Same as bitcoin and alike. It holds the value, primarily.
Of course, Its should keep getting higher and higher.  
Post
Topic
Board Bitcoin Discussion
Re: Aug 1 summary
by
Kodanshkang4
on 09/08/2017, 15:29:19 UTC
Guys I just transferred some BTC from gemini to gdax but it's been 44 minutes and it didn't even get 1 confirmation. On Blockcypher it shows miner preference medium, confidence level %88.

Why is it so slow? It has never happened to me before.

Also; before I make transfers, is there a way to see how busy btc network is? Based on what can you tell if it is busy or not?

may answer your question -- though focused on fees and corresponding timeliness of your transaction getting into a block.  i find this helpful:

https://bitcoinfees.21.co/

or if you want to look directly at backlog:

https://blockchain.info/charts/mempool-size

Good morning guys!

Thanks a lot for your information els!

I would rather pay more fees for an instant transfer but the problem is I am using an exchange Gemini. I don't think users can choose their own fees. They have a flat fee where users can't change.

Please correct me if anyone is using Gemini.

Thanks.

I am using Gemini and looks clean to me and the fee is reasonable. I hope that they can add instant pay option.