nioc
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March 17, 2016, 12:52:22 AM

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

The only delay to be concerned about is the first confirmation.  After that it is only about the variance of block times.

For 2 out of 20 transactions this year I have had to wait one or 2 extra blocks for the first confirmation.  The only real problem I had was because the company that paid me sent me a >8000 byte transaction, that is ~30 greater size than an avg transaction, while only using a 0.0001 fee.  That took a while but less than a day.  They are new to btc so who knows how they manage their wallet and it seems they use a one size fits all fee of 0.0001


As far as price, sideways till segwit.  It is an absolute must that you take this as trading advice Grin