Why it took so long for this to go through?

[pornluver]

https://blockchain.info/tx/348a59cab6f7d8105f669cc4ee7ade172f5fbd789abc296e5ff785033aade356
https://blockchain.info/tx/f10beabac13181fa2fa93d897e7c87848096bb920593cd29c5c3909744456738

I've waited quite a while

[GenTarkin]

This should answer your question...

https://bitcoinfees.21.co/

(if you look at it anytime soon)

[HTML6]

50 Satoshis/Byte is about a quarter of what you would have needed if you wanted your transaction to confirm within a few blocks. Always check before you send the transaction.

[robelneo]

Gone are the days of cheap fees,I had a lot confirming after 24 to 48 hours,you can use this tool https://www.viabtc.com/tools/txaccelerator/ to accelerate your transactions but you should next time increase your transaction fees .

[Quantus]

The network was under a spam attack. http://statoshi.info/dashboard/db/transactions

[AjithBtc]

Transaction fee is the one that delay your confirmation. At times technical issues too will be found, even while you place high transaction fee. These were temporary issues that gets sought in small time period. Nothing to fear on the confirmation delay. Few users have suggested tools to get priority in transaction and it helps at times and this too can't be used everytime.

[davis196]

50 Satoshis/Byte is about a quarter of what you would have needed if you wanted your transaction to confirm within a few blocks. Always check before you send the transaction.

As long as there are high fees and slow transactions bitcoin will never become a global currency.
How can btc be mass adopted with such transaction speed?This is ridiculous.
Spam attacks are another problem.We need major changes.

[pornluver]

50 Satoshis/Byte is about a quarter of what you would have needed if you wanted your transaction to confirm within a few blocks. Always check before you send the transaction.

As long as there are high fees and slow transactions bitcoin will never become a global currency.
How can btc be mass adopted with such transaction speed?This is ridiculous.
Spam attacks are another problem.We need major changes.

What happens with my money then?

Will it be gone forever?

Not like I can cancel the transaction. So because of very low transaction fee I can lost my whole BTC?

[BurtW]

The transactions will either go through or they will eventually be dropped.  

If dropped you will be able to get the BTC back into your wallet.

[pornluver]

The transactions will either go through or they will eventually be dropped.  

If dropped you will be able to get the BTC back into your wallet.

How long will it take?

[pornluver]

The transactions will either go through or they will eventually be dropped.  

If dropped you will be able to get the BTC back into your wallet.

How long will it take?

If I set things in electrum to dynamic fee. Electrum will recommend 50 satoshi per byte. So I wonder what happens recently

[dissident]

50 Satoshis/Byte is about a quarter of what you would have needed if you wanted your transaction to confirm within a few blocks. Always check before you send the transaction.

As long as there are high fees and slow transactions bitcoin will never become a global currency.
How can btc be mass adopted with such transaction speed?This is ridiculous.
Spam attacks are another problem.We need major changes.

Bitcoin is not going to be the global currency everyone uses for small transactions.. think of bitcoin as like gold.. a store of value that people don't use when they go to wal-mart. Some altcoin with improved blockchain technology like Ethereum, XEM, or some other currency that can handle the transaction load with less fees with take that role.

For transferring hundreds to thousands of dollars, paying 50 cents to a buck is hardly going to bankrupt a person.. if it starts getting up into the multi dollar range, it will start to become an issue however.