are transaction delays crashing Bitcoin prices?

[BreathOfZen]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

[bryant.coleman]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

Yesterday we hit $3,000 per coin in Bitfinex. There wasn't much delay in the transactions at that point of time. The total number of unconfirmed transactions were around 50,000, but it was much better than the situation we had a few days back. And I don't think that the recent correction was caused as a result of the high transaction fee.

[HongKong]

 Transaction delays does make a person want to sell or purchase Bitcoin though with Bitcoin transactions having a negative impact on the price, the price of bitcoin will only affect the price short-term. There is a general view that Bitcoin will have a very expensive price in the near future and the cost for the transactions are nothing compared to it right now.

[mrcash02]

I don't think it's the reason why BTC price drops. If that was true the price wouldn't recover every new day.

Transaction costs increasing could make people hold it more (until the price of transaction decreases), so people will want to buy it, but there won't be many sellers, so the price would increase, because the supply isn't enough for the demand.

Price is decreasing and recovering every new day, I think it's normal and the market is very balanced between supply and demand, it just need to find a common sense to stabilize the price once again like in the past.

[BrewMaster]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

first of all learn which board to post, this belongs to speculation board.

secondly learn what a crash is and what a correction accompanied by panic sellers is.
this one is a correction of the current rally from $2000 to $3000 and correction to $2600. and it will always be crazy big when the exchanges are small and newbie panic sellers are there to feed the whales.

also, no it has nothing to do with transaction delays. there is no delay there is only higher fees and investors/traders showed in the past 6 months that they don't care about that at all.

[L00n3y]

I think it does not largely affect the BTC price, for example some of us are just using btc as an investment and its rare for us to transact large amounts, that's why we are not really affected by these slow transactions but this is a sign that this must be fix, especially when bitcoin is gonna be a world currency. A currency that must be used worldwide must be efficient and worry free in the speed of transactions.

[riskthebiscuit]

price is dropping due to correction, not stuck transactions. It might get worse when segwit tries to kick in later, but thats another story for another day.

[Argon2]

Bitcoin price hasn't crashed. We are in a correction that will end in 4 days (end of 2016 interval).

[jonald_fyookball]

slow transactions and high fees do not help bitcoin. 

bitcoin cannot be digital gold without being a payment system.  to the extent its a great payment system, it will be extremely valuable.

[DOGE12321]

Yeah, I think they are. The massive transaction delays cause people rethink before they send transactions. Some people have never had their transactions sent. I have seen a huge migration to other cryptocurrencies lately. I blame transaction times. We need a solution for this problem, fast.

[Vaskiy]

This seems to be an misinterpretation. Price increase and decrease is quite common with bitcoin​, now as more transactions have stuck to the network people have made a bridging between the price crash and the transaction fee.

[TastyChillySauce00]

When the price just significantly increasing, the amount of transaction also increases, thus, the blockchain is overloaded and people will set their transaction fee at its peak expecting to be confirmed within few minutes and few next blocks. Therefore, the recommendation fee will also increase, it's a normal thing to happen, but, if you're thinking that it's the factor which makes the bitcoin prices crashing, you're wrong. I think that this delay will be lowering the amount of supply and make the price even go higher. just my 2 cents though.

[totaleclipseofthebank]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

It is not a coincidence. People are converting their money into ethereum and other altcoins in order to avoid being delayed on the bitcoin blockchain. The bitcoin blockchain now can not maintain a huge number of users and because of that fact, they are finding an optional choice for their property

[freedomno1]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

No, if the market is full aka no more space or the fees are to high people will move their coins to the next fastest cryptocurrency of choice, it explains the altcoin spike effect to an extent and the boost to Ethereum because of the lack of action on BTC's side and our timeline on this issue not being resolved for at least a few more months in one form or another.
Delays scare new and old users especially since it produces uncertainty of when the dang txt will process if the fee was set to low.

[noictib]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

No this is not coincidence , The reason is usual and simple to understand . When the price of the but the get rise then it means the demand of the Bitcoin getting rise ,.so due to more transaction the fee for the transaction get increases ( because of the competition to increase in making the transaction confirmation speedly ) .
So here we can say increase in the fee is not a reason to down the price in the Bitcoin , because all that depends upon the demand , if demand will go down then 100% sure that most of the people will stop to make deals and will down the competition to pay high fee .
And also it is seen by us that when the price of the Bitcoin is increasing then price get fluctuate more from exchange to exchange and making the greediness in our mind to make money from trading from exchange to exchange with fast confirmation .

[goinmerry]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

Transaction cost in terms of USD value will really increase because of an obvious reason that bitcoin price is increasing. But in terms of bitcoin value, I can't see that it was costing up too whenever there is a rally. Seems like an average of 100k-200k satoshis. Maybe you noticed that because of the wallet you used?

We can really sees high transaction cost because of massive demand. For me it doesn't matter as long as confirmation time is not taking too much time.

[Golftech]

like everyone said its not the transaction delay but its just the correction which make this things happen there's no relation with the transaction its just the people who already thinks that they already gaining a lot that's why they are selling and converting their btc to fiat and the price slowly moving down.

[Weatherby]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

From what i remember the transaction charges were lower than where it was last week because the number of transactions were lower and the transaction charges are determined not by the price of bitcoin,it depends upon the number of transactions at a given time.The correction is simply because it did not have enough strength to breach three thousand dollars.

[foxbat]

I've noticed that whenever BTC gets near to $3000, transaction costs go up and payments start getting stuck. The next day it seems to crash down again. Is this a coincidence?

I think that is the normal transformation of a coin, the value of bitcoin increase steady decline, this shows a stable and stable growth. If a currency is always rising, it can collapse at any time.

[Herbert2020]

the higher fees started earlier this year when price was still around $1000 and the problem persisted until today in the same manner. and ever since the beginning of this year price has been rising upwards and we are ~150% above the price at the beginning of the year.

this means the higher fees issue didn't have that big a effect on bitcoin price and also what you are calling a "crash" is a simple correction of price as others have also mentioned. and we are still in profit compared to couple of months ago!!