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Author Topic: Send bitcoin at 2011  (Read 559 times)
BlackBi88
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November 14, 2017, 05:49:22 AM
 #21

So at 2011 you can easy send 1 BTC Because price was too low

how long did it take for every  transaction  need to be confirmed

Currently each BTC transaction needs 6 confirm can be completed, the average loss of 20-30 minutes with each transaction only. I feel good because of the high security   Cool
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November 15, 2017, 09:08:43 AM
 #22

So at 2011 you can easy send 1 BTC Because price was too low

how long did it take for every  transaction  need to be confirmed
Yes, in 2011 bitcoin was present but it was not well developed at that time and only few people knew about it. Most of the people didn't  believe in bitcoin and its demand was not very much. With the time it get developed and people started using it and it gave them a very good profit.

With time the demand of bitcoin will also increase along with its development, so the future of bitcoin looks bright and also its price may increase as well.
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November 15, 2017, 09:46:44 AM
 #23

10-30 minutes each time a transaction.
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November 15, 2017, 10:08:51 AM
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i think nobody here are being the witness when bitcoin at 2011 so we maybe only can estimated it but probably not so diffferent just like now it took 30 minutes to reach first confirmations but possibly too will more faster because at that year bitcoin transactions was rare and not massive just like now
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November 18, 2017, 08:15:18 AM
 #25

So at 2011 you can easy send 1 BTC Because price was too low

how long did it take for every  transaction  need to be confirmed

I think its the same as now although there are more people and services that accepts bitcoins today.
Nope, I don’t see anything that seems to be the same as of today speed of transaction compared to that of 2011, because back then, I remember that Bitcoin arrives within seconds to the receivers wallet than it does now.

I was still a newbie as of then, and all the Bitcoins I sent and received were handled instantly (I’m not sure of confirmation, all I know is that it has a faster speed) this time transaction on high priority takes up to 10 or 15 minutes, and low priority is forever and ever.




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