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xBDT Script

Unconfirmed Transaction Are not Secure

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I understood a little of what I explained in your article and it helped me understand some of the questions that I raise and do not search for. For this, you are required to pay an additional amount that you withdraw from your wallet. But what worries me is that it takes 15 to 30 minutes. It won't penetrate you.


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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I have heard that unconfirmed transactions can be reversed back after transaction, but I have not try it even once,so definitely it won't be okay for you not waiting for your transaction to confirm

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As fr my own reasonings, I don't think that  unconfirmed transactions are even kind of confirmed in the blockchain, as if the blockchain doesn't confirm the transaction, then am sure it can't be transacted to your wallet of recieving

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Unconfirmed bitcoin transactions are not secure in such a way that one can loose his coins if the miners doesn't approve the transaction due to low fees since theris a role that says bitcoin transactions can't be reversed its for this reason I think even the wallet provider can't do anything to help that's my opinion thanks.

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16 hours ago, HorbiDJ1 said:

Yes, unconfirmed transactions are not protected, without confirmation it is impossible to determine whether the transaction was accepted by the block chain or not, some transactions may be fake, and if you accept without confirmation, you will lose.

Yea,and I heard that they can even reverse the transaction if it is not yet confirmed, This has to be taken seriously in blockchain, we should always make sure it is confirmed before doing any further transaction

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Certainly unconfirmed transactions cannot take advantage of currencies until they are confirmed and for this the platforms require to be confirmed at least 4 confirmations in the transaction in order for the transaction to be accepted

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THINK POSITIVE

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Yes, I always feel insecure when my claims have not been completed. I was always worried if something went wrong, hackers would hack money or change my wallet address, or whatever intrusion I was worried about. so I was stressed out waiting for confirmation.

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I know that all transaction needed or required to be confirmed before it is added to the balance, my transactions they never suffered  this such problem about unconfirmed transaction, but it is interesting to know the members experience about that, thank you for the topic.

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This is true and it is not only related to confirming transactions when depositing in platforms, but confirming transactions is very important when withdrawing from the wallet and the platform as well, as you can track all the steps and know the addresses accurately and the date of sending and receiving and the possibility of checking even for the loss of currencies


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You are right friend, that why am using faucetpay most of the times to store and transfer my bitcoins. It takes only 5 minutes for them to transfer your bitcoins to your wallet, and it takes only 15 minutes for blockchain to confirm your transaction. Withdraw fee in faucetpay it cost only 7000 satoshi (0.00007000).

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Time is the ultimate weapon!

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19 minutes ago, Calvinpriva said:

You are right friend, that why am using faucetpay most of the times to store and transfer my bitcoins. It takes only 5 minutes for them to transfer your bitcoins to your wallet, and it takes only 15 minutes for blockchain to confirm your transaction. Withdraw fee in faucetpay it cost only 7000 satoshi (0.00007000).

This sounds fine my friend, but for me I use Electrum wallet to store and transfer bitcoin. This wallet is famous and known as the best Bitcoin wallet programmed by a member of the BitcoinTalk Forum. The conversion is very fast and the fees are very low.

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12 minutes ago, Crypto123 said:

This sounds fine my friend, but for me I use Electrum wallet to store and transfer bitcoin. This wallet is famous and known as the best Bitcoin wallet programmed by a member of the BitcoinTalk Forum. The conversion is very fast and the fees are very low.

Sure, i agree with you about trust wallet because i used it a while a go. Its a good wallet with good security.

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Time is the ultimate weapon!

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It is dangerous for any transaction to be left unconfirmed but what can we do about this? It is up to miners to decide which transaction to take based on fee priorities. If miners don't take your transaction soon enough, it will remain unconfirmed for a few days. This happened to me recently when I sent some bitcoin. It took about two days to receive the first confirmation. Is it possible that someone may reverse a transaction during the time that it is still unconfirmed? I think one solution to avoid this, is to choose fees based on mempool status.

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On 6/4/2020 at 9:58 AM, Calvinpriva said:

Sure, i agree with you about trust wallet because i used it a while a go. Its a good wallet with good security.

Trust wallet is a good wallet, it support many cryptocurrencies and also erc 20 token. It has seed phrase for back up. 

 

Unconfirmed transactions are the transactions that are trapped in the mempool, if the blockchain network is secure, the transactions are secure. 

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This is really good and useful information and this means that confirmation of any transaction must be completed in order to ensure that this amount is received in cryptocurrencies and will not be canceled.


 

Life is great and enjoy it

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On 1/25/2020 at 8:51 PM, Xsimple said:

Well this very good information now I know why other wallet takes time to transfer and the fees is not stable it go up and down there is fee that low and so high.

Minors do not even look at your transaction or even consider it as valid value. may take several hours, if not days, depending on the process and blockchain cost. But I think this currency will one day stabilize

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On 3/31/2020 at 8:20 AM, chrislynn said:

Unconfirmation transactions are not safe who told you that our unconfirmed transactions in few minutes can be stolen by the hackers. So don't need to any worries and enjoying crypto market business and trade with keep interested mind set. 

Unconfirmed transaction can be stolen if the blockchain is compromised by 51% attack, but this has never happened in the history of bitcoin. Bit coin network and most coins too have secure block chain. 

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I think that these confirmations in Bitcoin transactions in the blockchain network are necessary for the safety of the transaction, perhaps these confirmations delay the completion of transactions to two days or more, but you can use a tool to speed up these transactions

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You have said true. Unconfirmed transactions of bitcoins are not secure because 6 confirmations its a long time and it can take hours or days for that. I like to deposit btc in dice and trade them, it takes only 2 confirmations for your btc to appear in the wallet.

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On 7/9/2020 at 1:51 AM, Tunuu said:

You have said true. Unconfirmed transactions of bitcoins are not secure because 6 confirmations its a long time and it can take hours or days for that. I like to deposit btc in dice and trade them, it takes only 2 confirmations for your btc to appear in the wallet.

6 confirmations can be within minutes if you paid a right amount for normal to fast transactions, unconfirmed transactions are not secure because it can still be replaced by fee and canceled in the process and reversed back to the wallet that sent it. 

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7 hours ago, sidalilaroma85 said:

After reading your topic i realize that the low fees on transaction is risky to be accepted on the blockchain or by miners ? for exepmle the fees exchange on yobit is very high, i think is 0.0015 btc so the transaction will be secured ? can you answer me dear @xBDT Script

Low fee is not risky but transactions can be tapped on mempool, if you are the one sending the money, only you have access to reveres the coin back. But if you are the receiver, the donor can reveres it. 

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This is true that unconfirmed transactions are not secured becasue they can cancel their transactions at any time and they make a scam with us, so the way is that we need to conformed it first and then we send the money or other coins to the third person.


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Bitcoin network will be overloaded with such transactions with lower fees. Miners always give priority for transactions with the higher fees so unconfirmed transaction means such transaction which is not included in a block to grant that as the confirmed one so I do not think miners will be able to steal your funds, they might either reject transactions or keep unconfirmed for sometimes but your funds will be still safe. 

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On 10/28/2019 at 6:44 PM, xBDT Script said:

Almost all the exchanges, gambling sites requires a certain confirmations of a transaction before adding a deposit to the wallet. For example, coinbase requires 6 confirmations. With 6 confirmations, you can't use the bitcoin you received with coinbase. 6 confirmation is considered as secure because in reality, it's very unlikely to be possible to reverse the transaction.
So, why does this confirmation is require when we say transaction can not be reversed?
If anyone uses very low fee considering the bitcoin network is very busy and the fee is much high, it will take huge time to get confirmation. It may take more than couple of days, until the network get stable once again. If it takes a lot of times, the transaction may get rejected by the miners. When the fee is too low, miners consider the transaction unworthy to verify, it will be rejected by miners.

If you do not have the fees to complete the transfer, it will not take place from the first and will be rejected by the platform, I think you know this well my friend.

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Nice information about the confirmation and 6 confirmation should be considered as the factor before dealing with anyone with the Crypto. As there is no chance of  transaction for being reversed if the transaction goes more than 4 confirmation. So we should also go for medium fee available for the best to get transaction verified faster by the miners.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Добрый день, уважаемые пользователи! Пожалуйста, обратите внимание! У нас произошла смена контактов Telegram, по причине - предотвращения появлений фейков, прошлое имя пользователя было слишком длинное и была высокая возможность изменить несколько символов и визуальные отличий не было бы. По этому мы создали "имя пользователя" максимально коротким и простым. Прежние контакты "имя пользователя" - @Finansovich_exchange (Больше не актуальны!) Действующие (новые) контакты "имя пользователя" - @fin_exc (Актуальны!) Пожалуйста, будьте внимательны, переходите по прямой ссылке которая указана в топике, помните-что мы не обрабатываем заявки в Telegram, все заявки обрабатываются исключительно через наш сайт!
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