are transaction delays crashing Bitcoin prices?

[DoublerHunter]

There is possibility that it is, because the transaction delays plus the high fees is a very stressful problem so most of the users now are thinking about transferring from bitcoin to one another to just escape from the problems in bitcoin. If these kind of problems will not resolved anytime soon then the price of bitcoin will just crash to the bottom.

[Tor_Man]

Price isn't so linked with the circumstances IMO, bitcoin price rise with increased demand (and most the buyers know about the delays already, not anything new), The price is based on the buy and sell and with people day trading bitcoin, it's regular for rises and dips to follow,
Regarding why it didn't exceed 3,000 USD yet, I guess because there isn't enough demand yet, nothing more.

[bluefirecorp]

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?

Personally I feel the higher is the transaction fees, the lower will be the number of transactions and automatically faster confirmations, isn't it ?
But yeah, you are right when the price is high people spend less bitcoins and they won't want to send a transaction of 2$ with a fee of 5$ so they avoid such transactions unless they make mass payments.

[Prodigan786]

Even i observed the same thing as a general user of bitcoin who is not knowing much technical things about block size and all then we will come to conclusion that price crashing because of transaction delay.

[Palmerson]

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.

This can only happen when people lose hope for a price increase. Yet there is hope and the price will rise up. If over time the Internet will be a lot of suggestions for earnings bitcoins for unskilled workers it will strengthen the position of bitcoin and expand its popularity. I believe in bitcoin.

[Barcode_]

I am not sure if the delaying of transactions are one of the reason causing bitcoin prices to drop, but if bitcoin does not solve the block size problem soon, I believe there might be a time when some of the users that are frustrated with the long waiting time for confirmations in the blockchain might be switching to altcoins, and this might cause the value of bitcoin to drop.

[stomachgrowls]

I am not sure if the delaying of transactions are one of the reason causing bitcoin prices to drop, but if bitcoin does not solve the block size problem soon, I believe there might be a time when some of the users that are frustrated with the long waiting time for confirmations in the blockchain might be switching to altcoins, and this might cause the value of bitcoin to drop.

I cant really see a thing on where delayed transactions do really have relation on sudden price decrease of bitcoin.We all know that the entire network does really have lots or huge pile of transactions which causes for the delay and it has nothing to do with the price.When reaching up again on $3000 the price goes down because bitcoin holders are securing profits or any other circumstances.Who knows?

[Lancusters]

I am not sure if the delaying of transactions are one of the reason causing bitcoin prices to drop, but if bitcoin does not solve the block size problem soon, I believe there might be a time when some of the users that are frustrated with the long waiting time for confirmations in the blockchain might be switching to altcoins, and this might cause the value of bitcoin to drop.

To ensure that people stopped using bitcoin you need to have confidence in altcoins. Such people not so much. So transactions in the alternative coins go faster. Besides, compared to bitcoin is very little opportunity to spend altcoins. So I think that in the short term, bitcoin will have no problems.

[zedsacs]

It's normal. Whenever the Bitcoin price rises, the fees will rise too. It's an domino effect I can say. Last year, the prices is just about 700usd, there are no transaction fee that time, but when bitcoin reached the 1000 usd, they put an a transaction fee (actually it's for the miners).

[ActiveP]

I doubt there is any correlation between crashing bitcoin prices and slow transactions. I think whenever the price hits $3000, there are enough sell orders placed to bring the price down.

 A few people I know are waiting to sell at $3000, and there are many others like that.

[slaman29]

Actually, the network started getting bloated with days delays end of 2016, when it was approaching 1k. And then when it broke the very old 1400, that's when network got continuously fatter and the price just kept rising. If there is any relation, it's the other way round. Bitcoin price increase leads to speculation, leads to more volume to trade, leads to tx delays.

[Peter789]

Yes delayed transaction times are causing problems. Bitcoin can't be really big unless there is serious improvement. The public wants very fast and cheaper transactions.

And SegWit is going to fix that......right?

[pearlmen]

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?

Bitcoin price is based on the forces of demand and supply and when people cannot make their transactions as at when due its only logical to find other means of making the transaction. In the few months back, when a deal is to be struck there is no need for the asking of which currency to use because its by default that bitcoin is the currency of acceptance but today it needs to be agreed whether I am ready to accept bitcoin or not. All this little issues in the long run when put together affects the overall price of bitcoin.

[Dudeperfect]

Good question. Well, I don't think it is affecting the current bitcoin price as I believe that there are many institutional investors entered into the Bitcoin and they booked their profits when Bitcoin touched $3K so transaction delays are not affecting the current price but yes, it is something that is restricting the further growth. There are many businesses out there who are willing to give a try to the bitcoin for their financial fund transfers but since there are the aspects like price volatility and fluctuating transaction fees, they are currently preferring to stay on wait & watch mode and hence it is affecting further growth.

we have different opinion. mine is transaction delays and transaction fees are some of the factors that can be consider to have an effect on bitcoin prices. the logic is simple, if the investors or the business is affected with the delay, probably you will look for something that offers the same service with faster transaction and lower fees. maybe the investors switched from bitcoin to other altcoins.

Yes, it is possible but to be honest, I don't think that businesses with a large market share (other than Bitcoin companies) are involved with the Bitcoin for the fund transfer as the main option. The main reason for the price drop is the actions of individual holders. There are institutional investors too but there is no mechanism to produce the accurate data of the users so we have to rely on the assumptions which differ from person to person.

[jorneyflair]

This should have been posted in speculation, but I’ll answer your question anyway
 
I don’t think that is the reason why bitcoin isn’t reaching 3k yet. Transactions fees won’t kill a cryptocurrency. If the transactions fees were high, people would be holding bitcoin since they would not want to play a hefty transaction fee every time they buy something or move bitcoin. Since people would not be selling bitcoin, the supply would have decreased, and the people who would want to buy bitcoin would come to realise that there wouldn’t be as much people selling it due to the high transaction fees. These factors should actually raise the price of bitcoin, not drop it.
 
If the transaction fees are too high for you, just wait for August the first, where segwit will get activated which should in turn lower transaction fees, since the miners won't pay that big of a transaction fee.

[shinratensei_]

I am not sure if the delaying of transactions are one of the reason causing bitcoin prices to drop, but if bitcoin does not solve the block size problem soon, I believe there might be a time when some of the users that are frustrated with the long waiting time for confirmations in the blockchain might be switching to altcoins, and this might cause the value of bitcoin to drop.

We are having scaling agreement and don't worry. At least if that will not be splitting the bitcoin chain and there will be a clone for Bitcoin such as Bitcoin Unlimited coin. That will healthy.
The dump in bitcoin trade caused by the more traders tries to take an opportunity to another place.
But the scaling problem of bitcoin included on the long-term. Just remember it, there will be a scaling solution activation in august. Take your popcorn. 

[btcdevil]

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?

This is not a coincidence but their are some sellers who are selling their coins as soon as bitcoin reach nearby $3k price and it may be due to transaction getting delay in confirmation and high transaction fees.

[Ethan_Locke]

This will usually only happen if there is a large amount of movement, for example when the most recent crash happened so many people where selling it was just too much!

[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?

When ever the price of bitcoin touches $3000 people will be using that to either trade them or sell them off and so is the reason you are seeing more transactions on those days and it has nothing to do with the crash solely because of the increased transactions,if all the people transacting are selling off their coins then the price comes down,so that is the case.

[iron talon]

I never created a link between transaction delays and bitcoin market prices. To me, the market prices are totally speculative not depending real facts.