Over 2 days and still unconfirmed!

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Over 2 days and still unconfirmed!

Post by kurosivo » Mon Dec 18, 2017 5:44 pm

A Bitcoin transaction of 0.02700965 BTC with a 0.00100000 BTC fee (approx. $19.00) is still unconfirmed after 2 days!

A Bitcoin Cash transaction sent about the same time was confirmed in half an hour!
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Re: Over 2 days and still unconfirmed!

Post by JonOlson » Mon Dec 18, 2017 8:44 pm

Yeah man, BTC takes forever.

I send coin via Litecoin these days cause it's super cheap and takes about 5 minutes.

I know Bitcoin Cash is talked about a lot more for day to day transactions and why we used it on AcceptCrypto.io
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Re: Over 2 days and still unconfirmed!

Post by Richard Taylor » Mon Dec 18, 2017 11:40 pm

I'm using Litecoin (LTC) for all my transfers because of the turnaround time and low fees.
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Re: Over 2 days and still unconfirmed!

Post by kurosivo » Tue Dec 19, 2017 2:38 pm

Richard Taylor wrote:
Mon Dec 18, 2017 11:40 pm
I'm using Litecoin (LTC) for all my transfers because of the turnaround time and low fees.
Richard, I am the receiver - it's a mass payout actually by a faucet I am promoting - and there was no other option than Bitcoin.

By the way, the transaction is still unconfirmed!

What's interesting is that BTC.com offers a service for accelerating it for the special discounted price of $2048.88! :)
Regular price is listed as $3894.81!
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Re: Over 2 days and still unconfirmed!

Post by JonOlson » Tue Dec 19, 2017 6:54 pm

Yeah we're going to see more and more consumers going to other cryptos because of the insanity of BTC.

I love LTC and I know Tim loves BCH....Both low fees, speedier transaction times and generally a better 'experience' for the consumer.

I think BTC will start to become a place to store value, not a daily transaction currency.
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Re: Over 2 days and still unconfirmed!

Post by kurosivo » Tue Dec 19, 2017 7:13 pm

JonOlson wrote:
Tue Dec 19, 2017 6:54 pm
...
I love LTC...
...
Jon, which wallet are you using for Litecoin?
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Re: Over 2 days and still unconfirmed!

Post by JonOlson » Tue Dec 19, 2017 7:36 pm

just coinbase for now, hardware wallet as soon as it gets shipped lol
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Re: Over 2 days and still unconfirmed!

Post by Richard Taylor » Tue Dec 19, 2017 8:50 pm

Coinbase is positioned to be one of the major players in digital wallets. It is estimated they are growing by about 100K new users a day currently. They are expanding their development team, hiring more engineers, and working to facilitate the influx. Time will tell if they manage to accomplish what is needed to handle the volume until such time as it plateaus.

I agree with Jon in that Bitcoin (BTC) will become a 'revenue store' while maintaining its position in the market even as alt-coins continue to increase market share. Litecoin (LTC) is getting a lot of positive media attention, but so are several others.

Pick the 'right' coin that will moonshot and makes a decent ROI, and enjoy the ride! :)
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Re: Over 2 days and still unconfirmed!

Post by JonOlson » Wed Dec 20, 2017 12:30 am

Speaking of moonshots......
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Re: Over 2 days and still unconfirmed!

Post by kurosivo » Fri Dec 22, 2017 2:46 pm

...six days and still counting!
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