11,500 UNCONFIRMED Bitcoin Transactions and counting

in bitcoin •  last year

Bitcoin rose in the past couple days to reach the previous all time high prices only for it to go back to the mid $2400-$2500 price it was before the collapse of $1900 range. Even after BIP 91 it looks like the hype is over.

At the moment transactions are way to slow and taking longer than i expected during this period. For instance right now there are 2.25 transactions per second with 11,500 unconfirmed btc transactions As of writing this post Is this the reason the price is tanking? I have no clue.

I think if the confirmation time was to increase the price of bitcoin would jump up again and we can rake in some profit before August 1st. What's your take on this?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

How can i join team ? pls can any one tell me iam new

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by erickjongo from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.