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Author Topic: Bitcoin will die soon if happen with every Bitcoin users?  (Read 2820 times)
webtricks
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January 12, 2017, 09:12:22 AM
 #21

Aah! So you are blaming the confirmation time for Bitcoin collapse!!
If you want to see your transactions confirming on rocket speed, you should ready to spend fees!
Since your amount is low and you don't wanna spend fees than better do small transactions with web wallets like Coinbase or Xapo. They have zero fees and transactions generally confirm in 20-40 minutes.
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January 12, 2017, 09:21:15 AM
 #22

Than we should not promote Bitcoin in public saying that Bitcoin transaction charge lowest fees than it is false information we are spreading between users.
How is this false information? 10 cents is the lowest fee for an international payment system. If you find a cheaper system then use it, cheapskate.

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January 12, 2017, 09:30:22 AM
 #23

Ok this is still going to be a problem,
but that's not enough to make bitcoin die
but it will ofcourse harm bitcoin in someway.
Just only a little.
As well little things can get bigger time to time.
Though you have a small fees
...
Bigger fees quick service
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January 12, 2017, 09:49:36 AM
 #24

This has been happening for the last two years, bitcoin still alive despite all the problems when transacting and increased fees without any guarantee of quick and successful transaction or without any increase in user experience.

And there's a simple fix for your problem, change coin, there are a lot of popular and actively traded coins out there, just choose one.

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January 12, 2017, 10:11:39 AM
 #25

its not a common problem its actully rare..(it happens with every 1 of 10 transaction maybe) it happened with me around 1.5month ago i dont remembered the exact date but its because of 2 reasons
1 . you payed a low price and 2. your transaction block got some wrong hashes and its stuck on the network like a trafic jam
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January 12, 2017, 10:17:18 AM
 #26

Yesterday I sent some Bitcoin though the amount of Bitcoin fee is small
FTFY. If you can't afford to spend 10 cents on fees, maybe Bitcoin isn't for you.
I agree with this and you got it right man because putting average fees wont really hurt you at all and if OP dont like on waiting times then its better to pay the recommended fees or even higher so confirmation times wont be long.This thing doesnt really make bitcoin fall and it really doesnt affect much IMHO.

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January 12, 2017, 10:22:02 AM
 #27

Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?

Just start using a decent web wallet, and you will have no such issues (and no need to pay any fees either)

Fees aren't rising, at least not by a significant amount.

The reason why OP made this thread is because he didn't pay a normal fee. Also, for some reason, the thread title is very over-exaggerated. Sending bitcoin without the normal fee will cause transactions to be very slow. It's like in a business, would someone rather serve the client paying more, or less?

It's a mining business certainly. But it is where the business is working against the common good and ultimately against itself as well as profits it might earn in the future. In this case, it looks more like miners deliberately not including transactions which have no fees and not enough fees even though there is plenty of room in the block they find and it costs them virtually nothing to add this transaction to the block...

I don't even mention rogue miners who chose not to confirm any transactions at all (with or without fees)

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January 12, 2017, 10:24:54 AM
 #28

All wallets are suggesting high fees if you have enabled dynamic fees in order to make the transaction confirm faster. In Electrum for example which is my day to day wallet of use ,I use the maximum fee and I do not regret it. The convenience of bitcoin is nothing compared to even high fees (and by high fee I consider 0.36 USD) for a 24 USD transaction which is nothing to me and many other bitcoin users.

You just need to see the bright part and do not consider it as something limiting you.
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January 12, 2017, 11:57:19 AM
 #29

No this will not cause bitcoin to die. It is just fees related issue. You must learn to spend some bitcoins on fees to get faster transactions. How can this cause the downfall of bitcoins. It is an integral part of the blockchain system.
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January 12, 2017, 12:03:24 PM
 #30

Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?

Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d
Bitcoin is the only mode of payment that works without fee also although it takes more time in confirmation compared to a transaction with good fee.
Which payment method allows you to tranfer your money without any fee?
Bitcoin will not die just because few people like you dont want to give miniers their legitimate right to fee

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January 12, 2017, 12:14:05 PM
 #31

No this will not cause bitcoin to die. It is just fees related issue. You must learn to spend some bitcoins on fees to get faster transactions. How can this cause the downfall of bitcoins. It is an integral part of the blockchain system.
so true . bitcoin developments now make users more inclined to use it every day. but any use bitcoin certainly has an impact that can not be predicted. we have to be precise in their use. there will be a shortage and there will be drawbacks.
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January 12, 2017, 12:23:51 PM
 #32

https://www.viabtc.com/tools/txaccelerator/

you can use the link above to register your transaction id, at least it can help to speed up the confirmation of your transaction, please remember to do your bitcoin transactions also need to look at non-busy hours where there are many queues transactions that have not been confirmed
https://blockchain.info/unconfirmed-transactions

My advice: make sure it is not more than 4k new transaction so that you can more quickly get the confirmation in time is not busy

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January 12, 2017, 12:25:33 PM
 #33

I am using YoBit for all my operations with bitcoin and I have never had any delay with sending my bitcoins or cashing out. Try this site to see the difference, maybe you will like this one.
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January 12, 2017, 12:35:07 PM
 #34

Sometimes it's because of double spend.
The best solution is to type this in google status coinbase
Hope this help.
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January 12, 2017, 12:49:38 PM
 #35

Sometimes it's because of double spend.
The best solution is to type this in google status coinbase
Hope this help.

what does anything you said have to do with anything else here?!

OP has a transaction that has a low fee (by the current standard of the fee market battle) and that is why he is getting a low priority to be included in a block.

you say two things here:
- double spend, has nothing to do with how slow or fast you get a confirmation.
- your red text of "status coinbase" show the status of the site coinbase which shows if it is online or offline! again has nothing to do with either double spend or with low fees and fast confirmation.

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January 12, 2017, 01:02:02 PM
 #36

Well It happened to me and my friends the confirmation took more than 24 hours but we are still here. Long confirmation doesnt really happen all the time. Sometimes if we are in a hurry place a big miners fee so that you will get a high priority and transactions will be processed faster. As a merchant in bitcoin I include miners fee to the items that I am selling so as to not be burdened by the fees.
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January 12, 2017, 01:12:02 PM
 #37

@talkbitcoin see 5/1/2017 they are working on performance of their API. Hope this help
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January 12, 2017, 01:35:16 PM
 #38

it is one of the problem that bitcoin had, the slow transaction had been a complaint and become the number one problem for local store to adapt bitcoin, hopefully this issue can be fixed, but my transaction seldom took a long time to confirm usually not more than 2 hours, but if bitcoin transaction can go faster for sure there will be more user


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January 12, 2017, 01:43:18 PM
 #39

Confirmation may not cause bitcoin to die but it may be one of the major reason why Bitcoin won't be accepted by majority as mode of payment especially in offline stores.  This is also one of the biggest challenge of developer that is why there is this unresolve argument about creating a faster confirmation bitcoin.
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January 12, 2017, 02:23:57 PM
 #40

Than we should not promote Bitcoin in public saying that Bitcoin transaction charge lowest fees than it is false information we are spreading between users.
How is this false information? 10 cents is the lowest fee for an international payment system. If you find a cheaper system then use it, cheapskate.

Ok my transaction stucked because I payed low fees at the time of transaction it was 0.08 USD worth Bitcoin just  0.02 USD less in 0.1 USD so that doesn't mean that my transaction should not be processed. If someone paying $0.1 as fees and his transaction processed within half an our or 1 to 2 hours maximum than I paid just 0.02 less so my transaction should be processed within 8-10 hours but its almost 24 hours passed and no signal confirmation yet.
what do say about this?

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