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RE: Something HUGE Just Happened To Bitcoin, and No One Even Noticed . By Gregory Mannarino
It was also one of the worst days I've ever experienced in actually trying to do transactions in bitcoin. I had one transfer that took at least 22 hours.
imagine 2042: it´ll look like this
Yep. I was looking at that chart yesterday when it had been like 18 hours and I still didn't have my money.
Makes me wonder if one of the Altcoins will eventually surpass Bitcoin because of this.
Totally agree with this line of thinking. Bitcoin was the first crypto with worldwide acceptance if you will, but I truly think STEEMIT and STEEM is prepared to take over as time passes. Keep posting and earning that STEEM and SD because I think we are headed towards a good chunk of profits here at STEEMIT.
I have this same thought as well, I am a newbie to Steemit and this type of workings and when I saw this blockage for transactions I thought Steemit based on the charts was far superior.
I think Pocket Change is the over-looked hard asset and safe haven... More in my Blogs... @pocketechange
Do you mind sharing whether or not you included a transaction fee in that transfer? I tried to clear out an old wallet, with very little in it (.003BTC), so I used the minimum transaction fee, and the mining network has not picked it up in 2 weeks. I fear that I may have orphan'd those units. Right now it is not that much, but a year from now that 3mBTC might be worth hundreds of dollars.
In the future, I recommend to anyone wanting to do the same as I did, to just extract the Private key out of the wallet you wish to close and import it into the new wallet that you wish to have the funds in. It looks like my sending this small amount to an online exchange is not going to work out.
Yeah instead of using exchanges I typically just transfer them into a wallet because once it is in the blockchain it's done so you can encrypt your password and make your backup wallet file and be good to go.
Yeah if bitpay says to send say 0.002 bitcoins and bittrex fee was 0.001 bitcoins then I'd send 0.003 bitcoins.
I can tell you that I thought bittrex fee was still 0.0002 like it used to be so I sent some transactions of with only a 0.0002 fee added and they eventually showed up on my bitpay they just took longer.
I've spoken to Poloniex before through their help department to see what happened to funds. They've usually responded as there shouldn't be anything hanging out there for 2 weeks like that.
Since im new i want to introduce myself.
I make weekly calls on silver every sunday. Please check out my blog, follow and comment with critisism, discuss my view etc. I hope you check it out since im new on this platform. I got here on recommendation of the great Gregory Mannarino.
If you follow me i always follow back.
Cheers
I had also bought some thru QuickBT and it took almost 12 hrs for it to be confirmed in the blockchain, i figured it was a huge volume of transactions happening, makes sense based on this article.