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The number of unconfirmed transactions has increased on the blockchain within the past few days and i guess my suspicion is as good as everyone else that the current price growth of bitcoin has a great part in this and so there's no need to press the panic button just yet because they will all confirm in due time.
OK thanks, somewhat reassuring, lol...I drank 1/2 bottle of Vodka now and I'm not worried at all, haha.. Cheers ! |
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Anybody else freaking cuz your BTC & Alt's are stuck on Blockchain... or just missing since yesterday Dec. 7
Yes, i received some bitcoins on my wallet on Wednesday and it is still with zero confirmations. A lot of people are paying fees of more than fifty bucks in order to make them get out of the blockchain, it is pretty annoying.. only those who have a big amount of money are the only ones who are able to move funds. And the same is happening with ethereum, the whole blockchain is collapsed and you are not able to do nothing in there. It seems that this is the right time to switch to another coin in order to process payments a little bit faster.. Oh wow, didn't know all that.. yes very annoying and scary.. i have alot stuck in BTC cyber space for the ast 36 hours now, and ZERO confirmations... yuck.. thanks so much for your 411 ! |
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Anybody else freaking cuz your BTC & Alt's are stuck on Blockchain...
or just missing since yesterday Dec. 7 ??
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Read in the news. "The ninth of September, the state newspaper Caixin published that the government of China is an ongoing debate on the question of suspension of activities of the bitcoin exchanges on the domestic market of the country."
If this is indeed true and such a decision is taken that crash course can not be avoided. and I think the fall will be spectacular!
China has little effect on BTC now with approx. only 15% of BTC market...and anyways if BTC is banned in China, all users will buy it on foreign exchanges. Screw the Chinese Govt. on so many levels... they are responsible for so much potential chaos in the world with their support of North Korea.. and putting the entire world at risk over their greed for $$$$... Damn them!. |
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I think that the mining industry in bitcoin will soon be monopolised by China and other places where electricity is super cheap. The vision of bitcoin was meant to be what you stated, for sure, but bitcoin has been transformed into something else.
This is where I believe that there is a window of time of 2-3 years (but probably less than 2 years) where BTC must establish itself as a mainstream currency of the masses that can be traded on FOREX and justify the loftiest of predictions on its future price. If this doesn't happen in this timeframe, another altcoin (probably government backed...maybe initially backed by gold?) will emerge that will be accepted by the mainstream and FOREX markets. That's actually another point of debate that people miss...just because BTC was around for years already doesn't necessarily mean that it will last for the same amount of time in the future going forward. Of the 1000 or altcoins out there I predict that the majority will disappear much like companies in the dot-bomb era. As of now it will be a race forward to see which currencies do the right things at the right times that makes them survive and go to the next level. As much as people want to believe the contrary, BTC is not Coca-Cola when it comes to brand recognition. Relatively speaking they are not even in the same Universe. From where I'm sitting, this is where the idea of Tulip-mania creeps in. In the case of cryptos, things happen so fast and due to their completely virtual valuation, things could be uglier than when Tulip bulbs went from a value worth an estate...to whatever tulip bulbs have sold for over time. This idea of "buy and hold for years" echoed on this forum like gospel shows how little so many understand about investing and valuation of their investment. And I'd bet that most of these people claim to be experts in BTC and other altcoins. Those are the first people who will panic in a very bad way. Yes, that is a very nice breakdown of what I said and I do agree with you. Tulip-mania (For people who don't know, he is referring to the first major financial bubble) seems to be present with Bitcoin and will only keep on being present unless Bitcoin establishes itself as a mainstream currency, useable in real life and digital situations. There are already project, for example cryptopay, which makes this a reality, but to we need to make Bitcoin itself, with no other outliers, useable in real life situations. Right now it is just too hard. Even if the price of BTC crashes back down to $500-600 (regardless of it remaining the most valuable crypto per coin) I think that this will put a chilling effect on its specific place in the market where it trades in that range for a long period of time, just like the first time it was above $1000. The fanatics will insist that it will come back...but I think the party will be over should this come to pass. I believe that the smart money will cash out should it fall below what I said in my first post above and look for alternatives. I believe that everyone here is correct on most of what they are saying...just that I think that the tortoise that wins this race will be not be the hare on which most are placing their bets. A crash like that is not going to happen, that is the equivalent to the crash of 2013 and there is not an exchange that is as big to cause such a big damage to bitcoin, the only thing that could have the chance to make the price go that low is if bitcoin was banned all over the world but that is not going to happen. Yes, totally agree.. well said DK !! |
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Wow mates, bitcoin is now at 3.6K, what do you expect for the upcoming week? i think it can broke the 3.8k support and continue up, that is my prediction.
what about you guys?
i think in aug 23 it can make a huge pump, but nobody knows
I'm thinking, hoping, praying that it will be $3800 in the next week or so.. ... but I don't know anything, haha. |
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Apparently Bitcoin has again broke the record by reaching reaching 3.2K (almost 3.3K currently it's 3,280$ on Bitfinex) Gotta go fast bitcoin, gotta go fast  I wonder if it coins going any higher  Definitely. When Segwit gets locked in on 9th August or so i would expect that price will only continue soaring. This is definitely not the ATH for this year, in my opinion. Currently though it is just under $3200, meaning that price is stabilizing and not climbing crazily like yesterday anymore Or it may crash tomorrow, i.e. August, 8th. Not to spell doom and gloom, but there was plenty of hype before the last halving (in July, 2016) as well, and the price had been continuously rising for more than half a year. It started at a little over 200 dollars in September, 2015, and went all the way up to almost 800 dollars in June, 2016, just a few weeks before the halving. And then it crashed almost 200 dollars within a few days. There seems to be a tendency for the price to be rising for some time before events which are generally considered to be positive for Bitcoin and then crash just before these events actually happen Let's see how it goes this time Yes Deisik, great observation..thanks. |
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I think that some exchanges changed their number of confirmation policy during this period of uncertainty - and while there seems to be a hardforker attack upon the bitcoin network. Bitfinex, for example went up to 7 confirmations, but states that they plan to return to lower confirmations in the future. I cannot remember what their previous requirement was.
Some of the exchanges may return to fewer number of required confirmations when they feel more comfortable that replay attacks are not as likely (as such replay attacks may have seemed to be more likely during the hardforking transitional period).
Jay, Thank you very much for information. Guys anyone know how many confirmation does GDAX need? Thanks Jay.. very well explained. |
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We had to wait for 3 confirmations before august 1st.
I had a transaction yesterday from Gdax to Gemini and I had to wait for 6 confirmations.
Is it only Gemini or all exchanges wait for 6 confirmations?
I just waited on 6 confirmations with KRAKEN as well. Thank you Danny. It sucks because I got 3 confirmations in 20 minutes but 6 confirmations take about an hour and half. I hope they will go back to 3 confirmations again. Yes agree, 3 confirm's would be nice.. my 6 confirm's took 60 min. on Kraken. |
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We had to wait for 3 confirmations before august 1st.
I had a transaction yesterday from Gdax to Gemini and I had to wait for 6 confirmations.
Is it only Gemini or all exchanges wait for 6 confirmations?
I just waited on 6 confirmations with KRAKEN as well. |
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The price of bitcoin cash from date 4 started unstable and decreased dramatically. Hopefully day in the future bitcoin cash prices stabilize again.
I think this drama will continue until BCH disappears as a scam;) It can't be seen as a scam as there aren't any victims here. Even at current levels you can dump your BCH slightly over the 0.06BTC mark ~ that for free money isn't a bad deal, right? People feel like they are losing because they were looking at the initial phase where the price went over 0.4BTC at the time deposits were not allowed. It's funny that despite they have obtained free assets without doing anything, they still get mad and disappointed ~ that seriously doesn't make any sense in this case. BitHodler... you explained that perfectly thanks!.. maybe ppl will realize that BCH was a free drop in their pockets, b4 crying scam, sheeesh... |
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Ended up loosing big money today, BCC started rising like crazy, brought 37 BCC's (some @ $530 and remaining @ 0.233 BTC) on kraken.
It went all the up to $811 on kraken and now falling endlessly, $310 at the time of writing this post.
My net balance of over $23000 is down to less than half at a little over $11,000.
it's at $425. now on KRAKEN 4:36am est... seems to be on the up again... try and sell some as it rises to recoup... You never know, it may spike again B4 Aug. 10th... Good luck ! |
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