I have NEVER seen Bitcoin in such a sorry state as this!!

[fonestar]

Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"

[p2pFuture2]

It is natural that if the price of goods is so high, then its price will be low later. So, since the price of bitcoin was high, it must be gone to a lower stage.

[sabrikks]

No it's not slightest bit of volume, it's a huge volume because bitcoin exploded the last couple weeks and it did bring a huge media attention and a lot of new investors

[CryptosapienZA]

2017 has been a very tough but exciting year for bitcoin. Most of all we got the opportunity to see that how useless bitcoin can be. Yes, the price sky rocketted and with some thats all that matters. If scaling is not prioritised, i see a whole lot of coins overtaking bitcoin. It might have the first mover advantage, but its days are numbered. I wouldnt be suprised if we see 2018 as the year bitcoin gets overtaken.

[fonestar]

No it's not slightest bit of volume, it's a huge volume because bitcoin exploded the last couple weeks and it did bring a huge media attention and a lot of new investors

Yes you are right.  The volume is huge... and they wanted to take Bitcoin mainstream?  How?  Without scaling?  All they are doing is bottle-necking this whole thing and making us all look dumb for ever trying.  Lightning is not coming to save you, it is perfectly clear now that devs never had any intention of scaling.  

[Hy1085]

That is why the price is decreasing like crazy. Also seems a platform was being hacked. Cash flow are going into altcoins

[sobriket]

That is true, we dont know what the hell is happening to bitcoin right now, but this is preocupant for all of us.
And when people sees that the fees are outrageous, they are just moving their money out, to other altcoins, or just cashing out that money.

[junoreactor]

As far as I am concerned, not surprised at all. It is been weeks and weeks that fees are reaching ridiculous amounts.
Sad to see, but expected.

[pooyamb]

+1 bitcoin is completely unusable this days,
some people think bitcoin is gold, and not a currency, I think they don't even know about bitcoin's purpose, they forgot satoshi's vision, and guess what, some main developers are on their side!
bitcoin as a crypto gold, that bumps so fast, is not anything more than a HYIP, and what happens to HYIPs? they die because they're nothing more than a dream.
so I'm not at their side, we all started using bitcoin for our transactions, micro or macro, not to store gold,
but now, we can't even pay with bitcoin, so it's useless!

[fonestar]

2017 has been a very tough but exciting year for bitcoin. Most of all we got the opportunity to see that how useless bitcoin can be. Yes, the price sky rocketted and with some thats all that matters. If scaling is not prioritised, i see a whole lot of coins overtaking bitcoin. It might have the first mover advantage, but its days are numbered. I wouldnt be suprised if we see 2018 as the year bitcoin gets overtaken.

I hope you are wrong.   I love Bitcoin and what it has done.  I hope that Core has not permanently damaged the Bitcoin name.  I hope 2018 can be the year Bitcoin is reborn.

[olushakes]

dont let the door hit you on the way out

I was a Bitcoin advocate when you were nothing but a n00b nocoiner so why not stfu?  I will be going over to Satoshi's original Bitcoin.

The door will hit ME on the way out before YOU join the stampeed for the exit a$$hole.

You don't have to go on the attacking mode because he was just expressing an opinion based on the position you have already taken. I don't think you expect that we should beg you to stay? Its a free market where everyone is allowed free exit and entry and if you choose to go for the latter, we can only wish you well which is exactly what he did to the best of his knowledge. Aside that, I don't think you should create a new account just to tell us about your exit strategy.

[hous26]

Whatever you say Mr. Ver.

See ya.

[chuckblocker]

Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"

Likewise. Worst state I've ever seen bitcoin in. Looks like it's trying to set new records for highest transaction fee recorded. They did nothing to improve the network to handle all these new users that flocked up.

Been using bitcoin since it was worth 90$ per 1 btc and never have I waited so long to get a simple confirmation of my transfer. Which used to happen in the 1st few minutes with a couple of cents worth of fee's. That's what bitcoin used to be.

[Bobby Ocean]

Not a crash, just funds switched cryptos from BTC to alts
15-35% drops are regular in BTC
This one wasn't because of a single reason like last few, more of a mix of reasons from different countries
Assumption is US tax reform taking attention this week, S. Korea moving majority volume to Ripple, & positive Ripple new  alts trail BTC usually, but they also do the opposite of BTC when it dips
Cause people don't withdraw their money from BTC to fiat, they just switch it into another coin
Really you just have to watch what Bithumb, Bitfinex & GDAX trends are for where the money is flowing

[fonestar]

dont let the door hit you on the way out

I was a Bitcoin advocate when you were nothing but a n00b nocoiner so why not stfu?  I will be going over to Satoshi's original Bitcoin.

The door will hit ME on the way out before YOU join the stampeed for the exit a$$hole.

You don't have to go on the attacking mode because he was just expressing an opinion based on the position you have already taken. I don't think you expect that we should beg you to stay? Its a free market where everyone is allowed free exit and entry and if you choose to go for the latter, we can only wish you well which is exactly what he did to the best of his knowledge. Aside that, I don't think you should create a new account just to tell us about your exit strategy.

Well it is people like him and his arrogance ie, "BTC is the one and only crypto" who have really ruined Bitcoin and its orignal intention (sorry it is not and that is a fact not an opinion).  Sorry I dont follow you... create a new account?  This is the same account I've had for a long time.

[efrencres]

I am also moving my BTC into the spot where I can put it safe temporarily. due to the high fees it is no joke to make transaction of 6 USD with a 35USD fee.. looks like the core dev is mentioning or promising the thunder network I seen into their blockchain website but it has no update in github since looks like they are fooling us. and maybe it is connected into the news that bitcoin is near its perfection of 25kUSD but I wont risk for that. That perfection they say might be a great demise of the network. So I am with the one with the topic initiator. Bitcoin network now is a monster devourer of high fees..

[fonestar]

Whatever you say Mr. Ver.

See ya.

I am not Roger but I will tell him that you say hi.  I will be taking the coins and hash power with me too...  

Enjoy your useless Blockstream/Mellon Coins while you still can.  

[ycoin123]

That is why the price is decreasing like crazy. Also seems a platform was being hacked. Cash flow are going into altcoins

what platform was hacked ?by who?

[Re3urst]

Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"

OP, did you end up cashing out? I'm curious, since I also cashed out around ~$15K/BTC and put some capital into a few altcoins.

[stompix]

Bitcoin has gone from being an expensive network to use to a practically unusable network.  

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  

How abaut you use some logic....

Since your fees are not getting your tx confirmed it means some people are paying even higher fees to move their coins.
This means people still use their coins, if they would all just move their coins to sell them this queue would have been over in less than two days.

Now, since the blocks are full it means there is still usage so obviously you can't claim BTC is unusable.

And good luck with your altcoins.
The ETH blockchain has hit 500GB already.