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Author Topic: 134k unconfirmed transactions now. I'm starting to get really worried about this  (Read 5721 times)
secondgarlic
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November 17, 2017, 11:41:31 AM
 #221

No reason to worry right now. The number has decreased to 40Ks as of now, and it's continuing to fall. So hopefully it was a temporary situation.

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November 17, 2017, 11:47:25 AM
 #222

I don't understand what these unconfirmed transaction actually imply.
That the value of BTC is (artificially) lower than in reality?
Or on the contrary, that BCH value will again increase after the transaction are confirmed?
  Huh

None of the above.
It just means there are more transaction that the blockchain can process at the moment.
The price is just speculation.

Bitcoin has gone through the darkest hours and things are slowly coming back
All those transactions are going to be confirmed when the miners realize their mistakes and get back to mining bitcoin once again instead of BCH.

Most of them won't because have such a low fee they will never be processed.
And miners are already back mining the blockchain but the increase in speed won't be that enormous.
I think we wills till hover between 30k and 60k for at least a week.
And of course it depends if somebody is willing to burn another 100 bitcoins to spam the chain .


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November 17, 2017, 01:56:25 PM
 #223

I made a small transaction the other day. It was confirmed in about 10 minutes. No problems. I'm taking this as a good sign.

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November 30, 2017, 09:34:31 AM
 #224

I made a small transaction the other day. It was confirmed in about 10 minutes. No problems. I'm taking this as a good sign.

Maybe. But there are 70k+ transactions now, 90k+ transactions yesterday, and Bitcoin network evidently cannot handle the demand. I am waiting the 3rd day for my TX to confirm! So the proponents of 2X have been right. Bitcoin is heading to a disastrous waterfall and happy that the water got calm (2x has been cancelled).
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