Has anybody thought that price is rising because deposits to exchanges can't come through the 45k+ pending txs mempool?
Has anybody thought that price is rising because deposits to exchanges can't come through the 45k+ pending txs mempool?
i'd guess that many coins, and almost all fiat, never leaves the major exchanges. it moves between the accounts of the same old bunch of traders.
Maybe, maybe not. If many people want to cash out their cold wallets - they may have had issues in the past 24 hours. It's only a theory, I don't insist.
Has anybody thought that price is rising because deposits to exchanges can't come through the 45k+ pending txs mempool?
Yes I was just thinking the same thing.
I have $394 worth of bitcoin stuck in the blockchain sent to me since last night and has been over 16 hours without a confirmation yet.
It must be part of that or else I don't know what else it could be.
Don't panic, Bitcoin works as designed. I've just paid a $1 fee and my tx was instantly confirmed.
Has anybody thought that price is rising because deposits to exchanges can't come through the 45k+ pending txs mempool?
Yes I was just thinking the same thing.
I have $394 worth of bitcoin stuck in the blockchain sent to me since last night and has been over 16 hours without a confirmation yet.
It must be part of that or else I don't know what else it could be.
Don't panic, Bitcoin works as designed. I've just paid a $1 fee and my tx was instantly confirmed.
txid or it never happened
Why. You don't believe that a $1 fee (for a 225 byte tx) can get you into the first block? It was probably an a 2x overkill but I didn't want to take chances.