3 Things to Know about Bitcoin Confirmations (2020 Updated)
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Bitcoin taking forever to transfer
Hello everyone. This morning I bought Bitcoin from the gemini exchange and I sent the btc over to binance. When I log into binance however I don't see any pending deposit transactions. I can see the transaction on bitpay but under mined time it states N/A, and under "included in block" it says unconfirmed. I'm assuming this means I just have to wait longer, but I don't remember ever waiting this long to transfer btc to binance before. It's been about one hour 20 minutes so far.
[uncensored-r/CryptoCurrency] Predictions for 2018 and lessons learned from trends in 2017
The following post by arsonbunny is being replicated because some comments within the post(but not the post itself) have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/7qk781 The original post's content was as follows:
I'd like to take the time to reflect on the crazy year that was 2017 for cryptocurrency investors, and weigh in on what we've learned over the past year, while also making a few predictions for the future. One year feels like a decade in crypto, and so many various forces finally cumulated together in 2017 that we had an explosion of activity that left me feeling both exhausted and exhilarated. We saw LTC go on Coinbase, we saw an ICO rush with new issues like Bancor raising 150mil in 3 hours, we saw the absurdity that is cryptokitties crushing the ETH network, we saw Bitcoin Cash and the shitshow surrounding that, we saw Segwit and the long awaited Bitcoin futures. I will always remember where I was at the moment I watched Bitcoin pass $10,000 on GDAX. I will never forget the sweat as I watched the Gemini Auction for my BTC and then waiting for the payment to settle. And I will never forget the flurry of questions, advice seeking and inquiries from people in December as the media spotlight made cryptocurrencies a mainstream concern. We've come a long way, from the days of being considered oddball technogeeks to now being the vanguard of early adopters.
Some major trends in 2017 and lessons learned
The Mainstreaming of Cryptocurrencies: This was the year that the "normies" entered crypto in astounding numbers, especially later in the year and cumulating in December. From Ice Tea companies to my hairdresser, everyone wanted to be involved in crypto. New naive money will continue to pump into the market this year, and its important we welcome them while also keeping their expectations grounded in reality. Encouraging new investors with stories of how they can double their investment in a week is not a sustainable method of keeping them interested in crypto.
ICO Craze: For many 2017 was the year that the ICO. People made a ton of money by getting into ICOs early before a coin became hyped by the marketing efforts. Sites like ICOBench sprung up and provided people an easy way to find new ICOs to invest in, and those who got in could get a handsome profit by buying the coins for pennies then selling them for dimes a few months later at an exchange, with many ICOs offering pre-sale discounts for early registrations. I suspect that this trend will actually die out in 2018 as there seem to be way too many coins coming out now and they won't all be able to pump, we're already seeing ICOs recently getting dumped hard the moment they start trading on an exchange.
The rapid development of altcoin investment: At the beginning of the year the marketcap for altcoins as just $2 billion. By the end of 2017 it grew to over $370 billion. This was the year that investing in cryptos became about more than just Bitcoin. We saw an explosion of new promising altcoins, Binance launched in July, LTC was added to Coinbase and Ethereum really came into its own as a dominant force. I suspect that this focus on altcoins will continue as its now easier than ever to research and obtain them.
Resilience in the face of regulation: China banned initial coin offerings and bitcoin exchanges in the first weeks of September. The ban caused a precipitous drop in cryptocurrency flows worldwide and invoked panic within me, with Bitcoin going down to almost $3K. However we recovered surprisingly quick. This is why I wasn't too concerned with the recent news that Korea may crack down on exchanges. Cryptocurrencies are decentralized and distributed, and while government actions certainly can hurt the price in the short term, I think any attempts at increased crackdowns will result in a recovery within a few months. Crypto seems to be a lot more resilient than most people realize to laws trying to destroy it, so don't freak out when you hear a story about increased regulation in the Far East.
Institutional money coming in: We saw the speculation of an ETF not come to fruition, but in December the CME Group and CBOE started trading futures on Bitcoin. The lead up to this event and the subsequent decline and relative stabilization of Bitcoin will lead to a cascade of effects. We now have a genuine price discovery mechanism that will put downward pressure on BTC with its futures contracts. McAfees predictions of a million dollar BTC are not going to come to fruition now that you can short it.
Chase for the "next bitcoin": Lambo psychosis dominated and continued into the new year with nearly every coin in the top 100 showing a steep parabolic rise. This is actually something a lot of long term investors find deeply troubling, because now people are hungry for crazy x10 gains within a month and that is simply unsustainable.
Some predictions for the year 2018
Decline for Bitcoin I have a long-standing emotional connection to Bitcoin and really do want it to succeed. But by now even the early adopters have come to accept how far away we are from the original vision of the currency. We are now seeing a decrease in adoption among ecommerce sites, which a sad state of affairs. I'm not so confident that Lighning will be enough at this point. Lightning likely wont be here for at least another 1-2 years and the problem will be user adoption. Segwit gave users a 40% discount on fees, and was a relatively simple upgrade, yet its 2018 and only 8% of transactions come from Segwit addresses. LN is way more difficult to implement, so don't expect it to be useful for at least a year after release. Core developers should have followed through with the New York Agreement and increased the blocksize to 2 MB. It's actually much more practical to scale BTC through miners than users, as most miners abide by the rules of a small set of mining pools and use the same software. Segwit2X was doomed to failure but it had 90% support among miners before the campaign against it started, and even after it had over 70% miner support. I think 70% miner support before a fork is vastly better for initiating a change than 8% user support. Core team really needs to wake up right away and realize that the continual declines in market dominance are a reflection of Bitcoins failure to find utility, and that the first movers advantage and name brand will not last forever. Unless it solves the problem of insane transaction fees, ballooned mempool size, long transaction times and most of the accounts not even being able to afford to move the balance out I don't see BTC doing anything but declining in market dominance. Ethereum will become an even more dominant force I can see the long awaited flipening come in 2018. Ethereum already processes way more transactions than anything else, it already is basically THE platform for new coins and powers so much of the entire cryptocurrency ecosystem. The Constantinople fork and Casper Proof-of-Stake changes should take care of the TPS limitations for the next few years, and I expect to see an explosion of dApps in 2018. Ethereum has tons of developer support behind it and POS means people will want to hold it for the long term. Its already become my #1 core/safe-haven position and I think a 3-5K range in 2018 is completely reasonable. The emergence of transactable business-oriented blockchains The last few years were about theory and technological innovation, but I think 2018 will be the year that cryptocurrencies finally start to demonstrate value in solving business problems. Ultimately a cryptocurrency is pointless if it doesn't solve some transactional problem or alleviate some inefficiency in the value-exchange process. There are several sectors/cases for business users that are ripe for blockchain technology: supply chain, settlement layers between intercurrency transactions, payment processing, offloading processing tasks onto blockchains, identity management...etc. I expect that transactable coins that actually have functionality will be the big winners. ICX, WTC, VEN, NEO, XLM and others that target enterprise-oriented use cases will likely be the focus over the next year. The rise of a DAG coin as a standard for transfers between exchanges, most likely Raiblocks (XRB) Lets be perfectly honest: Right now the vast majority of transactions being conducted on the blockchain is simply moving cryptos around various exchanges. Its quite a nerve-wracking process, watching thousands of dollars sitting unconfirmed on the blockchain explorer for hours is not a pleasant experience. If you move your balances a lot you will end up losing substantial money to transfer fees. This is why I can see a light fast DAG becoming a standard for inter-exchange transfers of funds, specifically XRB after it gets listed on Binance. Being a DAG the process of onboarding isn't as simple as just adding another ERC20 coin, but once the Raiblocks team figures this out on Binance I suspect that adoption will follow quickly to other exchanges. The quick transactions speed and no cost will make it the ideal coin to exploit arbitrage between less liquid and more liquid markets. The rise of "dividend" coins" The next year should be one where the stretched valuations are questioned, and those coins that pay out a form of dividend and can thus be easily valued will become a safe harbor. NEO, EOS, ARK, VEN,OMG among others should gain favor. We actually saw NEO do particularly well in this recent downturn. I expect to see a lot more also following this dividend payment model. **The move away ...
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Bounty offered: Help me recover Qtum stuck in mempool limbo.
TL;DR I'm offering 40% of the transaction value to anyone that can help me retrieve an unconfirmed transaction from the Qtum network. More than 72 hours ago I sent my entire qtum holdings to a Q-address (on binance) and they're still stuck in an "unconfirmed" transaction. I will pay the amount (40%of the tx) if I can recover the asset. Ideally, the person would prepare a detailed guide on how to cancel the transaction or push it through. The only thing I've ever coded was "hello world" back in 2004 so the guide/video would have to be understandable to a non-programmer. The transaction was Qtum(mainnet NOT ERC20) sent from a ledger nano S through the Ledger bitcoin wallet app. When sending the tx I selected the ledger's "high transaction fee" but it seems it wasn't enough. I can supply logs, the tx id etc. I contacted the devs but they haven't been very responsive, I'm sure they have plenty on their plates but I need my assets back. If you can help me please contact me via pm. Thanks.
Bitcoin Cash can turn in to the biggest non violent protest against the establishment ever : "We simply stop using their money." Which is a great way of getting edgy teenagers to join us. There is an almost infinite supply of edgy teenagers in the world. (153 points, 42 comments)
The next wave of attack will be all the big internet giants supporting Bitcoin Core and LN. Facebook, Microsoft, Twitter, I bet you that the more successful Bitcoin Cash becomes the more you will see big cooperation’s be forced to go with compromised Bitcoin. (25 points, 28 comments)
Just because the nChain patents aren't on the base protocol level doesn't mean it's a good idea, BCH could end up with patents which are so part of its normal use it will effectively be part of it. (13 points, 33 comments)
BCH showerthought: The first one or two killer apps for Bitcoin Cash that drive mass adoption will be the thing that decides the standards/denominations based on what people are using and catches on. Not a small forum poll or incessantly loud Twitter spam. (167 points, 24 comments)
[uncensored-r/CryptoCurrency] Nano (formerly Raiblocks/XRB) objectively has the best technology thus far for payments and P2P t...
The following post by westside47 is being replicated because the post has been silently removed and some comments within it have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/7y8rrc The original post's content was as follows:
I don't understand how anyone can refute the above statement at this point. We have all seen the videos of transactions taking <2s. We have moved from wallet to wallet instantly with 0 fees. We have witnessed tests showcasing how Nano can handle thousands of times the transactions that Bitcoin and Litecoin can currently handle per second when the coin is still in its adoption infancy. I keep asking myself why the never ending war of who has the fastest confirmations or the lowest fees or whether bigger blocks are superior to The Lightning Network is still occuring. Bitcoin, Litecoin, bitcoin cash, Request, etc. the list goes on of coins that are still trying to solve the wrong problems... Nano has won. Nano has zero fees and instant transactions (or as close to instant as can be achieved given the infrastructure limits of ping times and CPU power). Its phenomenal transaction throughput means it could be adopted by the whole world without bottleneck. It’s infinitely scalable thanks to its block-lattice technology. There will be no more moments of 100,000+ unconfirmed transactions. There will be no more waiting weeks if you dont pay high enough transaction fees. No more waiting 2 hours to transfer from Binance to Bittrex or Kucoin to your wallet. Want to accept crypto at your website? Want to liquidate your assets? Want to take advantage or an arbitrage opportunity. Nano already can do all of those things. Instantly. and FREE. The initial exchange it got listed on had security holes that made many initial investors weary, and has scared many new adopters, causing the price to dwindle amidst the past month of fud/fear. People have associated the fault of the exchange with the nano/XRB name, even there was no fault of the tech. But the coin has since moved to exchanges with proven track records. Kucoin. Binance. More to come soon. Of the pure, non-utility cryptocurrencies trying to solve the technology behind a decentralized and transferrable store of value (coins like Bitcoin, Bitcoin Cash and Litecoin that operate solely as currencies) Nano has no equal. It has found a better way. Please call me out on being a shill. Search google and check my facts. I honestly implore you research everything I said. The majority of shilled coins cannot walk their talk. You will find if you look though, nano actually can. In early adoption any trading is always a game of hype, pumps, and dumps that so many people get burned on. The safest winner at the end though is always the product the can provide the promised technology. Nano already has that technology. Do not miss out on this before it shoots back above $40 and beyond. Nano is honestly one of the brightest stars in and crypto thus far.
linear log. Latest Prices: XRP/USD: 0.23779 (bitstamp) XRP/USD: 0.2387 (gdax) XRP/BTC: 0.00001764 (binance) XRP/USD: 0.2382 (coinbasepro) Zoom: 3 months 6 months 1 year 2 years all time. Transactions Block Size Sent from addresses Difficulty Hashrate Price in USD Mining Profitability Sent in USD Avg. Transaction Fee Median Transaction Fee Block Time Market Capitalization Avg. Transaction ... The Bitcoin.com Explorer provides block, transaction, and address data for the Bitcoin Cash (BCH) and Bitcoin (BTC) chains. The data is displayed within an awesome interface and is available in several different languages. Every bitcoin transaction that's sent flows into what's called the mempool (short for memory pool) before it can be confirmed by miners. When there's a dramatic spike in transaction activity, the mempool can become congested because so many transactions are waiting to be included in the next block. Bitcoin users across the network may notice their transactions sit as unconfirmed or pending for ... it easy and fast to Send Fake Unconfirmed bitcoins transactions to any bitcoin address, with a help of innovative software that uses the double expense method to send false bitcoin transactions, The bitcoin sent by this method is not confirmed, it is false transactions (0 Confirmations), The transaction remains in pending for days You will have a hash id after the transaction The balance of ... The most popular and trusted block explorer and crypto transaction search engine. How to cancel an unconfirmed Bitcoin transaction. When sending Bitcoin, it can be easy to make a small mistake causing you to want to cancel your Bitcoin transaction.Oftentimes, funds can become stuck if the miner fee you enter isn’t high enough for any miner to confirm your transaction. However, the mempool log of unconfirmed transactions has spiked to levels not seen since the 2017 highs. On Wednesday, October 28, 2020, the Bitcoin ( BTC ) hashrate is trying to regain what was ... An unconfirmed transaction means that the transaction has not been included in a block and thus has not been completed. Most recipients require at least one confirmation to complete the transaction, including Wirex. Common reasons for unconfirmed transactions areYou have just made the transfer. For example, if Sean sends one bitcoin to John, this transaction will remain “unconfirmed” until the next block is created. Once that block is created and the new transaction is verified and included in that block, the transaction will have one confirmation. Approximately every ten minutes thereafter, a new block is created and the ... I'm new to Binance and I thought this was really strange. I did a test and sent over 0.02 ETH from Coinbase to Binance this morning and it took about 20 minutes. So I then sent over 0.2 ETH to Binance from Coinbase and it doesn't even show up as a pending transaction on Binance's side yet. The other one at least showed as pending with 0 ...
bitcoin transaction pending : verify btc transactions in 1 minute
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