bitcoin transactions - Slow OR Fast

[HateNATO]

It depends on each day  sometimes fast and sometimes slow depends on blockchain speed.I got 1 time instant deposit and withdrawal i couldnt beleive how was so fast.

[tabas]

It depends on each day  sometimes fast and sometimes slow depends on blockchain speed.I got 1 time instant deposit and withdrawal i couldnt beleive how was so fast.

Transactions are being dependent on how much is the fee so mostly what is happening when a transaction has high fee and that is already in the blockchain unconfirmed transaction. The miners will see it and they will prioritize and confirm your transaction immediately. That is why your transaction as just like becoming instant.

[Capradina]

It depends on each day  sometimes fast and sometimes slow depends on blockchain speed.I got 1 time instant deposit and withdrawal i couldnt beleive how was so fast.

Transactions are being dependent on how much is the fee so mostly what is happening when a transaction has high fee and that is already in the blockchain unconfirmed transaction. The miners will see it and they will prioritize and confirm your transaction immediately. That is why your transaction as just like becoming instant.

It is also not one of the things that define the factored into the confirmation is done. Because I never tried to make deals with the fee already recommended by the senior who already understand about it all. And the most decisive confirmation in any transaction done is block and from the block they employed miners bitcoin

[thejaytiesto]

The latest transactions I have done are on the slow side, and I always use the recommended fee by core software, but at the end of the day it always goes through. Let's just hope segwit makes things a bit faster until we have the lightning network, which I hope can solve all those problems.

[coynedterm]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

i think at very low transaction charge we can pay easily because confirmation is like a natural process in the bitcoin world , so we don't have need for payment confirmation at shop .

[Doamader]

In the future sure somethign should be made to make the confirmations time being lowere to 1 -2 minutes, i dont know how bad this can be for the security issues, bitcoin its currently the most safe way to make a transaction, while others ways does have some problems.

[crazyivan]

This  Bitcoin lighting project should be the end for slow transaction cause each month and year, things re getting slower and slower. Anyway, I see BTC as a store of value not as every day currency. But some speed would be good.

[umar_alfaroq]

in the end, the higher the transaction fees, the faster it gets to confirm transaction, hmmm

[madwica]

For me all my transaction in bitcoin is very fast this only take few time to confirm and also that is very good that i can not encounter any problem every time i do transaction in bitcoin, that is why i am satisfied with the services of bitcoin brings to me.

[irsykes]

maybe if use system like bitpay,people no need to wait to transaction get confirmed, and it can be used for online shopping that use bitcoin. after we send and bitpay detect it , the transaction would never go back right?

[mirakal]

maybe if use system like bitpay,people no need to wait to transaction get confirmed, and it can be used for online shopping that use bitcoin. after we send and bitpay detect it , the transaction would never go back right?

It's irreversible here, so it's a yes. Therefore we should be very careful with our transacting party as the moment we send that amount and we wrongfully send to a wrong bitcoin address we will never recover it as we are also anonymous here and it's hard to trace who that person you send the money.

[danherbias07]

Getting really slower as time goes by. I hope this can be changed. Paid some amount to make it faster. That is the only way for now.

[Potato Chips]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

If you send a bitcoin to someone, It will show up in the wallet in seconds but the confirmation time can take 30-40 minutes or even an hour.

It will be hard for local stores to accept bitcoin as you can cancel an unconfirmed transaction.

The only way to speed up the confirmation time is to pay a higher miner fee because the miners typically pick a transaction with a high fee.

[HaXX0R1337]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

That really depends, because if we really want btc in every local store, then we need the network to work faster.
Slower confirmations won't allow us that.For now it's too slow

[BlackPanda]

in the bitcoin transaction speed depends on the amount of the fee we adjust. the higher the number the shipping fee, the faster bitcoin block solved. so as to make the delivery time faster.

[dominikherzog5]

for me bitcoin is slow, some of my transaction can take up few hours, i learned that the bitcoin transactions will be fast once there is a decentralized lightning network, is it right?

[Dudeperfect]

Getting really slower as time goes by. I hope this can be changed. Paid some amount to make it faster. That is the only way for now.

I think paying excessive fees for faster transaction is not a cool idea because we are not actually finding a solution for it but we are just postponing this issue of late confirmation.
I am not sure if anything like this is possible or not but how about making some internal mechanism (for example on blockchain) for faster transactions? One having blockchain wallet would be able to send quick payment to another blockchain wallet holder but to others it will take usual time (the time we are facing right now).

[sonnyacg]

for me bitcoin is slow, some of my transaction can take up few hours, i learned that the bitcoin transactions will be fast once there is a decentralized lightning network, is it right?

yes i think bitcoin transaction fairly slow, if it is caused by the donor to the recipient bitcoin on the internet. take a few hours or a few days to be successful. slow enough I think.

[Carlsen]

Getting really slower as time goes by. I hope this can be changed. Paid some amount to make it faster. That is the only way for now.

I think paying excessive fees for faster transaction is not a cool idea because we are not actually finding a solution for it but we are just postponing this issue of late confirmation.
I am not sure if anything like this is possible or not but how about making some internal mechanism (for example on blockchain) for faster transactions? One having blockchain wallet would be able to send quick payment to another blockchain wallet holder but to others it will take usual time (the time we are facing right now).

Unfortunatelly I think that high fees are where we are heading at the moment.
More transactions are made and those with high fees are preferred, that's natural.
My hopes are still that a change of block size would be a solution for this problem.

[Mastsetad]

Getting really slower as time goes by. I hope this can be changed. Paid some amount to make it faster. That is the only way for now.

That should not be a solution for this problem, something else should be done for resolving this as it would be really hard later on for us this way if we keep increasing the fees for bigger transactions, if we are sending 0.5btc we would add higher fees than what we pay for a transaction of 0.25btc.