HairyMaclairy
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Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 17, 2017, 09:18:08 PM Last edit: December 17, 2017, 09:31:48 PM by HairyMaclairy |
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From Bittrex Twitter:
We've upgraded the servers again. We exceeded the previous cap of 500k concurrent users. Sorry for the inconvenience.
Edit: If Bittrex has 500k concurrent users (noting many of those will be bots), how many humans are there and what proportion of the crypto market is Bittrex?
I’ll take a stab in the dark and say 50:1 users to concurrent users. So 25 million account holders. If we assume Bittrex has 10% of the global crypto market that gives us 250 million owners of crypto globally. Based on a global population of 7.6 billion we are at 3.2% of the global population holding “some” crypto.
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lightfoot
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Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
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December 17, 2017, 09:21:50 PM |
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Mother fucking transaction fees are getting out-of-hand.
Trying to move shit to Gemini for tonight's action, and shit be stalling out, yo.
Current fees estimated at ~343sat/byte for 60 min confirmation.
Sheeeeeeeeeeeeeeeeit.
Indeed. If only there was a solution for this.... And even with these fees it doesn't make up for the 25/12.5 halving....
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cofefeGandalf
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Activity: 96
Merit: 14
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December 17, 2017, 09:25:49 PM |
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CME Futures are launching in 2 hours. Not tomorrow. https://www.c[Suspicious link removed]m/2017/12/15/bitcoin-futures-are-coming-to-the-cme-heres-what-to-expect.html I think the statement on the CME website is confusing because it’s referring to close of the first day’s trading (Sun - Mon). Tomorrow is in 2 hours. In UTC.
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Gab0
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December 17, 2017, 09:26:46 PM |
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Mother fucking transaction fees are getting out-of-hand.
Trying to move shit to Gemini for tonight's action, and shit be stalling out, yo.
Current fees estimated at ~343sat/byte for 60 min confirmation.
Sheeeeeeeeeeeeeeeeit.
Indeed. If only there was a solution for this.... And even with these fees it doesn't make up for the 25/12.5 halving.... If only there was a way to add more tx in a block
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julian071
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December 17, 2017, 09:26:59 PM |
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From Bittrex Twitter:
We've upgraded the servers again. We exceeded the previous cap of 500k concurrent users. Sorry for the inconvenience.
500k concurrent users?? Wow. Really. Wow.
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vapourminer
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Merit: 4069
what is this "brake pedal" you speak of?
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December 17, 2017, 09:29:06 PM |
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AAAAAIGHHHHHHHHHH!!!!!
18xxx
IT"S OVER, RUN FOR THE HILLS!!
crap. we're poor again? Already recovered, sorry, not poor. Well, not because of the price anyway. serves me right for blinking. ill have to pay more attention from now on.
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gentlemand
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Welt Am Draht
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December 17, 2017, 09:29:38 PM |
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From Bittrex Twitter:
We've upgraded the servers again. We exceeded the previous cap of 500k concurrent users. Sorry for the inconvenience.
500k concurrent users?? Wow. Really. Wow. Wasn't Poloniex dying a few months ago with 40,000 online all at once? Big step up. That now kind of shits on the 'there's a couple of million bitcoin users' that is often cherished. What's going out there and who are they all?
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jojo69
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diamond-handed zealot
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December 17, 2017, 09:33:31 PM |
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that's no moon guys
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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December 17, 2017, 09:35:26 PM |
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Can you imagine how much money these exchanges must be making.
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podyx
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December 17, 2017, 09:36:32 PM |
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Can you imagine how much money these exchanges must be making.
Nejc Kodric must be like
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 17, 2017, 09:36:51 PM |
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You have actively come into this thread since about $7k and saying the same fucking thing, and now the price is about 3x higher, and you still saying the same nonsense.....
Yeah, sure, sooner or later you are going to be correct... but your repetition of the same cyclical bitcoin price gonna crash nonsense, does not mean that you have any actual insight.
Yes since 8K I've been mentioning there would end up being a crash, in response to people who thing prices are just going to become a flat ascending staircase forever, but I didnt say WHERE I didnt say 'the crash is going to start here'. So every time I made the statement is still going to end up becoming true Actually if you look at every little dip we've had during the rally you'll find me saying 'nope my TA says this isn't the crash' And because I want to add some vinegar to the open wound, I'd like to remember that a 60% crash means roughly 10k (which is what most of us expect I guess), VS the 'at least 3k' predicted initially
hence "at least"
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Syke
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December 17, 2017, 09:47:28 PM |
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Mother fucking transaction fees are getting out-of-hand.
Trying to move shit to Gemini for tonight's action, and shit be stalling out, yo.
Current fees estimated at ~343sat/byte for 60 min confirmation.
Sheeeeeeeeeeeeeeeeit.
My last transfer, the fee was .0008 btc for 1-hr confirmation. Are you really complaining about a $15 fee for a near-instant international money transfer?
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orpington
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December 17, 2017, 09:56:46 PM |
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Mother fucking transaction fees are getting out-of-hand.
Trying to move shit to Gemini for tonight's action, and shit be stalling out, yo.
Current fees estimated at ~343sat/byte for 60 min confirmation.
Sheeeeeeeeeeeeeeeeit.
My last transfer, the fee was .0008 btc for 1-hr confirmation. Are you really complaining about a $15 fee for a near-instant international money transfer? This fee thing is such a fucking canard. I send many transfers and the fee is always a relative pittance. And its free fucking money really, anyway. I don't understand people whining about fees at all.
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bones261
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Activity: 1806
Merit: 1828
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December 17, 2017, 10:06:11 PM |
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Mother fucking transaction fees are getting out-of-hand.
Trying to move shit to Gemini for tonight's action, and shit be stalling out, yo.
Current fees estimated at ~343sat/byte for 60 min confirmation.
Sheeeeeeeeeeeeeeeeit.
My last transfer, the fee was .0008 btc for 1-hr confirmation. Are you really complaining about a $15 fee for a near-instant international money transfer? This fee thing is such a fucking canard. I send many transfers and the fee is always a relative pittance. And its free fucking money really, anyway. I don't understand people whining about fees at all. Well, I am happy that you can do the Bitcoin equivalent of wiping your ass with $10 bills and flushing them down the toilet. I am sure that the alligator lurking at the bottom of the sewer, Jihan Wu, is enjoying your regular feedings. Not all of us are suffering from an embarrassment of riches.
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centralbanksequalsbombs
Sr. Member
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Bitcoin :open immutable decentralized global fair
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December 17, 2017, 10:08:20 PM |
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From Bittrex Twitter:
We've upgraded the servers again. We exceeded the previous cap of 500k concurrent users. Sorry for the inconvenience.
Edit: If Bittrex has 500k concurrent users (noting many of those will be bots), how many humans are there and what proportion of the crypto market is Bittrex?
I’ll take a stab in the dark and say 50:1 users to concurrent users. So 25 million account holders. If we assume Bittrex has 10% of the global crypto market that gives us 250 million owners of crypto globally. Based on a global population of 7.6 billion we are at 3.2% of the global population holding “some” crypto.
No, I'd say we are closer to 1% of global population use. But that number in itself is huge. We hit 1% in 10 years, and I think within 3 years we will be almost 3%! That's alot more people pouring in soon. As the max global population I'd foresee actively using Bitcoin in our lifetimes may be about 6% to 7%. Once Bitcoin hits 5%, it is effectively mainstream and at that point already taken over traditional financial structures. This will happen within 5, maybe 6 years maximum.
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Syke
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December 17, 2017, 10:09:51 PM |
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Not all of us are suffering from an embarrassment of riches. Just HODL. You will soon join the suffering.
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bones261
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December 17, 2017, 10:12:02 PM |
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Not all of us are suffering from an embarrassment of riches. Just HODL. You will soon join the suffering. If and when that happens, the "cheap tx fee" will be the equivalent of $500.
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gentlemand
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Welt Am Draht
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December 17, 2017, 10:17:24 PM |
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Well, I am happy that you can do the Bitcoin equivalent of wiping your ass with $10 bills and flushing them down the toilet. I am sure that the alligator lurking at the bottom of the sewer, Jihan Wu, is enjoying your regular feedings. Not all of us are suffering from an embarrassment of riches. Could you please make an orderly exit? I don't think anyone here really has the time to converse with the poor any more. Our time is more valuable. There's a good chap.
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orpington
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December 17, 2017, 10:18:25 PM |
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Not all of us are suffering from an embarrassment of riches. Just HODL. You will soon join the suffering. If and when that happens, the "cheap tx fee" will be the equivalent of $500. If I have a few millions I would be okay with that too.
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bones261
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Activity: 1806
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December 17, 2017, 10:18:59 PM |
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Well, I am happy that you can do the Bitcoin equivalent of wiping your ass with $10 bills and flushing them down the toilet. I am sure that the alligator lurking at the bottom of the sewer, Jihan Wu, is enjoying your regular feedings. Not all of us are suffering from an embarrassment of riches. Could you please make an orderly exit? I don't think anyone here really has the time to converse with the poor any more. Our time is more valuable. There's a good chap. Gee, you nouveau riche are worse than the old money. No wonder the aristocracy always looked down upon you.
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