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Author Topic: 134k unconfirmed transactions now. I'm starting to get really worried about this  (Read 5721 times)
frankbitcoin
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November 11, 2017, 09:42:17 PM
 #1

what the heck is going on?  https://blockchain.info/unconfirmed-transactions

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November 11, 2017, 09:43:18 PM
 #2

what the heck is going on?  https://blockchain.info/unconfirmed-transactions

They do this on purpose, intentionally. They try to show the vulnerability of bitcoin to make BCC strong.

People won't get fooled because of jihan wu's manipulative actions. Once again, we won't get fooled into your BCC garbage.

The community will maintain strong even in the bad days and bitcoin will born from its ashed like a phoenix!
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November 11, 2017, 09:46:42 PM
 #3

I think that the miners deliberately trying to destabilize the market and to pump up the BCC.

frankbitcoin
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November 11, 2017, 09:47:07 PM
 #4

what the heck is going on?  https://blockchain.info/unconfirmed-transactions

They do this on purpose, intentionally. They try to show the vulnerability of bitcoin to make BCC strong.

People won't get fooled because of jihan wu's manipulative actions. Once again, we won't get fooled into your BCC garbage.

The community will maintain strong even in the bad days and bitcoin will born from its ashed like a phoenix!

but couldnt those 134k unconfirmed transactions tank the BTC market in the coming day as the transactions become confirmed?  or am I being silly?  (honest question since i don't understand it)

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bonosurgut
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November 11, 2017, 09:48:30 PM
 #5

I'm starting to get really worried about this. Me too bro. I make some transactions in last days and already have 0 confirmations.
frankbitcoin
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November 11, 2017, 09:54:44 PM
 #6

I'm starting to get really worried about this. Me too bro. I make some transactions in last days and already have 0 confirmations.

yeah, this is starting to really freak me out.

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November 11, 2017, 10:02:46 PM
 #7

Hi,

Don't worry it's just people panic selling their BTC due to the drop today. it happens every now and then.

 Undecided
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November 11, 2017, 10:14:39 PM
 #8

yawn
people only screaming about the price

temporary price drama.
if people are checking the price several times a day, they are literally asking to give themselves mental anxiety issues.

the cure. dont invest more than you fear losing and dont check the price daily

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November 11, 2017, 10:18:38 PM
 #9

Quick question, how long does it take to process a transaction with current level of unconfirmed transactions?   
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November 11, 2017, 10:28:36 PM
 #10

They do this on purpose, intentionally. They try to show the vulnerability of bitcoin to make BCC strong.

People won't get fooled because of jihan wu's manipulative actions. Once again, we won't get fooled into your BCC garbage.

The community will maintain strong even in the bad days and bitcoin will born from its ashed like a phoenix!
The mining community is an integral part of the bitcoin community Tongue and if they start playing games the network will suffer and so is the reason we are seeing right now,i expected this after the 2x fork and since it is canceled they started their tricks to stifle the network as there is a sharp decline in the hashrate in the past couple of days.

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November 11, 2017, 10:33:18 PM
 #11

They attack btc with unconfirmed spam transactions everytime one of their agendas like segwit2x isn't accepted.

There are massive spikes in the number of unconfirmed transactions whenever something like this happens:



This goes back as far as 2014.

I sent btc yesterday & it confirmed quickly. I think I might have been able to confirm in 24+ hours with a transaction fee of 0.0001 which isn't too bad.

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November 11, 2017, 10:35:11 PM
 #12

Quick question, how long does it take to process a transaction with current level of unconfirmed transactions?   

it's being mined at about one block per hour, and one block handles around 2K transactions.  So with 100K  transactions backlogged, you can expect that to be about 50 hours.

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November 11, 2017, 10:51:49 PM
 #13

but couldnt those 134k unconfirmed transactions tank the BTC market in the coming day as the transactions become confirmed?  or am I being silly?  (honest question since i don't understand it)
It can tank the btc market if they are transactions headig to exchanges. Also, those spams causes uncertainty as you can see so even if they are unconfirmed, it will surely dump price a little, I am sure that there are some who will sell their btc now because of those unconfirmed transactions causing uncertainty. You are not being silly for asking this questions OP as this kind of events does not happen often. It should take more than 50hrs IMO to get all those transactions confirmed.

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November 12, 2017, 12:00:27 AM
 #14

Ill be honest, the endless wait for my funds to confirm (even waited 24 hours+) with a 5 USD fee, this has me and my clients transacting in NEM and Litecoin. 5 USD TX fee is more expensive than PayPal.


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November 12, 2017, 12:16:38 AM
 #15

Ill be honest, the endless wait for my funds to confirm (even waited 24 hours+) with a 5 USD fee, this has me and my clients transacting in NEM and Litecoin. 5 USD TX fee is more expensive than PayPal.




That's probably the truth of this entire SCAM is "Occam Razor", the simplest explanation is that the miners that control +80% of BTC in CHINA, are pushing people to pay More in Transaction fees, there is MORE money now in fee's than in mining, this is where the profit lay's.

Always a new way to make a fast-buck, changes seasonally now it fee's, yes they're getting VERY painful, but remember that BTC is a rich-mans crypto, so a $5 fee, on $5,000 USD transaction isn't bad,

The problem is these $1 transactions, paying a 0.99 fee; somebody is either stupid or its planned.

I think a combination of CHINA-ASICS colluding to drive up the transaction fee profits, but its also these 2,000 shit-coin alt btc-clones, where people buy&sell 100's of 1,000's of shit-coins a day, but they use BTC as the primary currency

The average idiot has 0.05 BTC, but that 100,000 BTC-Z

Most MORONS have been told to TRADE alt-coins, but bank in BTC's, ... what is obvious is there needs to be an established 'banking crypto' for the little people, and a use BTC for the 'rich peoples' crypto.


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The majority of traders hold 20 alt-coin shit-cryptos they trade daily 0.01 BTC hoping that one will go to 0.5 BTC, of course it never happens, but this is the source of the ++100,000 BULLSHIT transaction per day

Sadly BTC is fucked, Satoshi would have never wanted BTC to be overwhelmed by idiots playing monopoly.

Something MUST be done to kill this use of BTC as the bank of "CRYPTO-GAMBLING"

The best thing is "FEES" perhaps given the same ppl, buy/sell 0.001BTC all day long, they should have to pay a fee of 0.001BTC that will put an end to this BULLSHIT, they will have to find another coin as their MAIN-BANK.
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November 12, 2017, 12:38:50 AM
 #16

I'm not worried
I've seen more unconfirmed transactions in the past



Everybody is in panic mode today??  Huh
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November 12, 2017, 12:39:24 AM
 #17

Learn to be patient the reason of that is the traffic in every trasanction in blockchain. But sooner it will confirmed just wait.

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November 12, 2017, 01:40:26 AM
 #18


Miners move to what is profitable. So we have less miners now in btc and blockchain priotize only those who paid more transaction fee.

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November 12, 2017, 02:31:57 AM
 #19

And the chorus is still singing " bitcoin is decentralized, come join the revolution" lol
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November 12, 2017, 02:59:22 AM
 #20

Actually seeing that some people can manipulate the market this way is very disappointing.
It looks like much worse than fiat currencies, where we are in the willing of central government banks and big financial institutions.
Here we are in the hands of a bunch of miners?
I thought the cryptocurrency world was something different.
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