flynn
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December 12, 2017, 06:02:50 PM


It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like. Last week I've sent 0.1 BTC to a friend, had to send 0.101 (0.001 fee) to have a chance that transaction will go through in reasonable time. 0.001 BTC = $15, and that was last week, this week situation with mempool is even worse, doubt that transaction will be confirmed without 0.002 fee. If anyone is going to send crypto between exchanges a lot in next period, he may need a coin with fast and low fee transactions and with decent volume so quick market buys/sells won't disturb the price, or they may kiss arbitraging opportunities goodbye. LTC fits the description, and this is also a reason someone is going to pay 6% premium on damned Tether. Moving BTC between exchanges for arbitraging has become mission impossible, and everyone agreed here that arbitraging will be the major force which will spill the futures price into BTC price, so people who are preparing for futures volatility action are probably doing it seriously with decent amounts of LTC and Tether on each exchange.

There is no cure for this situation except Lightning network, and I only hope that developers are aware of this and will deliver working version as soon as possible.

That's too much pain, you need to learn about transaction acceleration =>
https://pool.viabtc.com/tools/txaccelerator/