This is the the reason why Bitcoin price will go down and not up long term

[Get-Paid.com]

You sent a transaction 45 minutes ago with a fee of 103 Sat/B which according to bitcoinfees.earn.com - this should take no more than 25 minutes to confirm, and nonetheless despite you paid a large fee and more than the recommended fee amount - it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Bitcoin will never be instant, and that's why people won't use it long term. In our dynamic world things need to be fast and instant.

[BrewMaster]

Bitcoin will never be instant, and that's why people won't use it long term. In our dynamic world things need to be fast and instant.

bitcoin was never meant to be "instant-confirmation" and people have been using it fine so far knowing it is not like that.

although bitcoin fees these days are not a problem as you think but i agree that having such high fees and having them shoot up like what it did over the past 30 minutes is bad for bitcoin adoption as a currency.

as for price, investors have shown that they don't care at all about price and so far they continue buying. in fact these spikes is exactly because they are buying bitcoin! and in the long run bitcoin scalability is improving so you can't really say it won't go up in long term.

[xWolfx]

While Bitcoin's price continues to be unstable then fees prices will be unstable as well. It is annoying for everyone, i personally got one to delay a lot more hours than it should have for that same reason but since you know that is a possibility you should be prepared accordingly.

Of course it will be used a lot more long term, in fact that is where the "magic" of Bitcoin will be stronger. As price stabilize a lot of problems will be solved.

[stompix]

You sent a transaction 45 minutes ago ~ it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Received Time   2019-06-20 12:46:42
Included In Blocks   581595 ( 2019-06-20 13:26:43 + 40 minutes )

You were saying.....

Do you have a plan with opening this kind of topics?
Any idea how long will it take for this transaction to confirm?
Any idea why this transaction wasn't confirmed yet?

[mk4]

Security and decentralization should be prioritized on the main chain anyway(the settlement layer), not transaction fees/speed. Though they're not ready yet, second layer technologies(like LN, and more in the future most likely) are a thing for people have faster and cheaper transactions for merchant transactions, as we really don't need Bitcoin's main chain security and decentralization when we're only spending a few dollars to buy a cup of coffee anyway.

[Get-Paid.com]

You sent a transaction 45 minutes ago ~ it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Received Time   2019-06-20 12:46:42
Included In Blocks   581595 ( 2019-06-20 13:26:43 + 40 minutes )

You were saying.....

Do you have a plan with opening this kind of topics?
Any idea how long will it take for this transaction to confirm?
Any idea why this transaction wasn't confirmed yet?

Yes, that's just proving the point. Not the opposite.

[tsaroz]

And the more the price of bitcoin increase longer would be these waiting times and higher would be the fees. Bitcoin is not a viable transaction to make for any amount below $100.
It has lost it's nature as a currency and has turned itself into a speculative asset. But with new competitions in the market, Bitcoin won't be able to hold it's throne for long unless it keeps improving and does something to solve this problem of high cost/low speed transactions.

[bitbunnny]

I don't think that Bitcoin transactions were ever meant to be instant. Besides, are bank transactions instant? No, they are not unless you send money within the same bank. I understand that people like everything fast and want they money and payment as fast as possible but that is not the reason why people would abandon Bitcoin and stop using it. Yes, Bitcoin has some disadvantages but speed of transactions is not the biggest one.

[maldini]

I don't think that's a good reason to say that bitcoin doesn't go up in the long run. Bitcoin prices are clearly influenced by supply and demand and this is definitely the right reason because bitcoin is a decentralized currency.
Actually bitcoin rises in the long run, you try to compare bitcoin 2014 and bitcoin 2019, doesn't it mean that for 4 years bitcoin was able to stay above the price in 2014. Remember crypto volatility should not be confused with fiat currencies.

[PilotofBTC]

You sent a transaction 45 minutes ago with a fee of 103 Sat/B which according to bitcoinfees.earn.com - this should take no more than 25 minutes to confirm, and nonetheless despite you paid a large fee and more than the recommended fee amount - it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Bitcoin will never be instant, and that's why people won't use it long term. In our dynamic world things need to be fast and instant.

It's faster than Visa.

[IIV]

You sent a transaction 45 minutes ago with a fee of 103 Sat/B which according to bitcoinfees.earn.com - this should take no more than 25 minutes to confirm, and nonetheless despite you paid a large fee and more than the recommended fee amount - it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Bitcoin will never be instant, and that's why people won't use it long term. In our dynamic world things need to be fast and instant.

It's faster than Visa.

Visa was faster than wire transfer.

[Doranile432]

In the first place bitcoin was never programmed for fast instant transaction and its still faster than most online payments outside of crypto realm if this is your point that bitcoin won't be used for long term you are so wrong friend

[PilotofBTC]

You sent a transaction 45 minutes ago with a fee of 103 Sat/B which according to bitcoinfees.earn.com - this should take no more than 25 minutes to confirm, and nonetheless despite you paid a large fee and more than the recommended fee amount - it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Bitcoin will never be instant, and that's why people won't use it long term. In our dynamic world things need to be fast and instant.

It's faster than Visa.

Visa was faster than wire transfer.

It depends on what you are measuring. What are you measuring?

[shield132]

Bitcoin will never be instant, and that's why people won't use it long term. In our dynamic world things need to be fast and instant.

bitcoin was never meant to be "instant-confirmation" and people have been using it fine so far knowing it is not like that.

although bitcoin fees these days are not a problem as you think but i agree that having such high fees and having them shoot up like what it did over the past 30 minutes is bad for bitcoin adoption as a currency.

as for price, investors have shown that they don't care at all about price and so far they continue buying. in fact these spikes is exactly because they are buying bitcoin! and in the long run bitcoin scalability is improving so you can't really say it won't go up in long term.

+1 to this one and also, in long term it has a lot of reasons to rise, one of them is bitcoin halving.
On another hand transaction confirmation isn't problem today. Almost every service, including shops, wallets and etc accept instant payments, once their machine checks  transaction, if it has normal fee, you get automatically instant confirm from them and don't need to wait hours to see when it hits 6 confirmation.
Also people look bitcoin as an investment option which gives another boost of possibility that bitcoin will rise because a lot of people invest in it and this investment is different from others. Plus don't look bitcoin only as a currency, it's payment method too.

[The Cryptovator]

Look like OP is angry with bitcoin transaction . You can't say bitcoin price would down only for that reason. And really it's from beginning and bitcoin gain crypto world. So we can't say that it would be dump for transaction reasons. Bitcoin will not dry till its community live. And bitcoin community is larg community if you compare with other coin. So better think positive instead of spread negativity.

[coolcoinz]

Yes, that's just proving the point. Not the opposite.

What point? Your transaction confirmed in 40 minutes. Keep in mind that it can happen at night on a weekend. Try sending someone money during the weekend or during bank holiday. Also, have you ever sent money to someone in another country, who doesn't have a foreign currency account set up? The fees are much bigger and the transfer can take 3 days!
To completely destroy your point, I dare you to show me a bank that will allow you to transfer 1 million USD to another country with a fee of 1 USD and do it in less than an hour.

[Artemis3]

I don't think that Bitcoin transactions were ever meant to be instant. Besides, are bank transactions instant? No, they are not unless you send money within the same bank. I understand that people like everything fast and want they money and payment as fast as possible but that is not the reason why people would abandon Bitcoin and stop using it. Yes, Bitcoin has some disadvantages but speed of transactions is not the biggest one.

In my home country wire transfers can take one or two days, but only during workdays. The country I'm in now, they are used to wait one or two weeks, and this is among local banks, not international. Bitcoin is lightning fast next to that.

I particularly tend to transfer at 1 sat/b (the minimum), i don't mind waiting a couple of days. If the network is congested, it usually confirms overnight. Nothing like those dreaded first months of 2018.

[Mike Mayor]

You sent a transaction 45 minutes ago ~ it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Received Time   2019-06-20 12:46:42
Included In Blocks   581595 ( 2019-06-20 13:26:43 + 40 minutes )

You were saying.....

Do you have a plan with opening this kind of topics?
Any idea how long will it take for this transaction to confirm?
Any idea why this transaction wasn't confirmed yet?

Yes, that's just proving the point. Not the opposite.

Did your brain roll out of your ear during your sleep last night? They just proved you were talking crap and don't know what you are talking about. You are a liar. The blockchain confirmed your transaction in under 45 minutes and you claim you sent it over 45 minutes ago. Don't even try to argue it is on the blockchain.

[PilotofBTC]

You sent a transaction 45 minutes ago ~ it's still unconfirmed:

https://www.blockchain.com/btc/tx/850eddd1551126e2af94c82c57890c75f4c7377a901863b56d071ba7c5bd09d7

Received Time   2019-06-20 12:46:42
Included In Blocks   581595 ( 2019-06-20 13:26:43 + 40 minutes )

You were saying.....

Do you have a plan with opening this kind of topics?
Any idea how long will it take for this transaction to confirm?
Any idea why this transaction wasn't confirmed yet?

Yes, that's just proving the point. Not the opposite.

Did your brain roll out of your ear during your sleep last night? They just proved you were talking crap and don't know what you are talking about. You are a liar. The blockchain confirmed your transaction in under 45 minutes and you claim you sent it over 45 minutes ago. Don't even try to argue it is on the blockchain.

Well, he was "expecting" it to confirm in 25 minutes based on some fee estimate/confirm time estimate web site. Since reality didn't meet that estimate he concluded it took to long so no one would use bitcoin.

I still say that is faster than a Visa transaction and millions of those happen every day. No one complains that they are too slow since people use Visa constantly.

[Payme21]

This is a big minus to bitcoin and its been flogged over and over but do not think this will affect the market long term as this too will be solved