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Casinoval

How do you feel about long confirmations

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It's a little bit uncomfortable to check your transaction on block chain network from time to time and find it unconfirmed because there are many thoughts that does come across our minds more especially of being scammed or losing our coins since transactions can't be reversed.

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Sometimes if we make transaction and its takes long period of time to confirm we all get worried because we use to think something may happen to the transaction. But the confirmation time is from the blockchain network. 

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It is a worrying thing, and I notice that it happens during the peak period where there are a very large number of transactions taking place at the same time, it is really worrisome and it makes me think about the possibility of fraudsters exploiting the opportunity I hope to find a solution for that

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Dear for me I have no problem waiting for long periods if this is something or who I deal with reliably and will get me treated properly, it's very wonderful, even if it's a little late. I don't mind if I'm a little late. 

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To be honest is not easy and how I feel about long term confirmation is very annoying sometimes because it takes time to process although we all know is the fault of the network we used but at last after the long wait the confirmation will later be successful.

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it makes me anxious and I check address over and over however once in a while its typical in light of the fact that a few coins needs more opportunity for affirmation additionally it depends to charge and late evenings when stage has less clients adaptation gets quicker.

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Yes it's really , painful to wait those confirmations especially when we need that asap, but we can see the how many confirmations needed before sending. Confirmations can be slow if the network is busy. For example In the last couple weeks etherium network was very slow and very expensive.

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it makes me nervous and i check address again and again but sometimes its normal because some coins needs more time for confirmation also it depends to fee and late nights when platform has less users conformation gets faster.

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Yes, everyone wants confirmation. In fact, personally, it's okay to wait for a transaction to be confirmed. I am in no hurry to worry about lengthy confirmations. This may not be suitable for those who want immediate confirmation as the transaction may be an emergency. If they are using bitcoins, it is better to pay for preferential verification.

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On 2/8/2020 at 6:57 PM, Casinoval said:

Some cryptocurrency blockchain network is so very slow to process transactions, it take a very low time for confirmations. How do you feel about waiting for a long time for a transactions to get confirm.

Yes, really, there has been a lot of slowdown recently in most currencies during the conversion process. I think there is really a lot of pressure on the blockchain

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I personally do not find it difficult to wait for the confarmations but some of the people do not like waiting for it because they find it more convincing to make fast transactions.

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On 2/8/2020 at 9:57 PM, Casinoval said:

Some cryptocurrency blockchain network is so very slow to process transactions, it take a very low time for confirmations. How do you feel about waiting for a long time for a transactions to get confirm.

Yes dude  sometimes there are a person feels irritated by waiting for a long time to proceed its transactions and it takes a lot of time but we can't do anything or we can choose some cryptocurrency that provide less time in transactions

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I get scared when I get stuck in my unfinished transaction. I wonder if I will get my bitcoin and thousands of things come to my mind especially when the amount of bitcoin is high so I will just wait patiently and look at my wallet until it is confirmed. 

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I hate waiting when it comes to financial transactions, that is why for years I have not made transfers using bitcoin since its network is exaggeratedly slow for my liking, so I resort to currencies such as BNB, TRX or Nano, depending on the commissions that charge to be able to transfer funds between exchanges or wallets.

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My dear friend when transactions of my income take too long i feel very worried about that because it is the chance when the hackers and scammers can hack our wallet so it is ver necessary to keep our wallet safe. Thank you

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Its really frustrating to have to wait for soo long before a transaction could be confirmed. It is soo inconvenienting. There was a time when i really needed money and i was asked to wait for two business days before the transaction could be confirmed. It was not a good experience for me

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If it is true that some chains take too long, such as the chain of blocks, which currently holds bitcoin, but it must be mentioned that this is because there are currently many transactions that are carried out so it makes it saturate, and it takes too long time and even days is to be verified, or rather approved by some miner.
Another thing that could help us for this problem that regularly happens is that you can pay a higher network fee, so it will not take long to be confirmed, as in ethereum, there are wallet options that allow you to manipulate the amount of gas that you want to pay, so if you want to be able to receive your payment as quickly as possible, it would be to choose to pay a higher network rate, or to avoid so much spending on network rates, you could choose a currency that keeps your transfer very fast , like xrp, which in addition to being fast is cheap.

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12 hours ago, Linkkon17 said:

The longest transaction was about 10 minutes, I don't think it's a long time, and I didn't think about it. If your data is correct, your money will not be wasted. Those period very stressful because you don't know where the money goes as it takes long time. At the present context I am buying bitcoin with money that I have earned through the organization. The money is already deducted but the bitcoin is in pending.

10 minutes is not much to wait for, so far my wallet has indicated that it's confirming then I'm sure that I'll receive my coin, because the Private key must be fully verified so that the coin will not go to a different wallet


 

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Yes, it feels so bad to see long unconfirmed transactions especially when you need it urgently. That was how i missed out one IEO last year, i bought btc from someone and he used low fee to send the coins and it took almost 24 hours to arrive and i missed the ieo in yobit that year and later he apologized for using low fee.

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The problem of slow transactions in the blockchains of the main cryptocurrencies such as bitcoin and ethereum, it is frustrating and desperate at the same time to wait for a bitcoin transaction, and also that they also have high fees, these two factors they are extremely negative for the crypto world. Of course there are very fast blockchains in their transactions that if one can convert for example bitcoin into trones or litecoin for example they are fast blockchains with cheap rates, it would be good to do it, of course when possible, sometimes we have to do transactions in certain currencies and there is nothing to do. Many say that slow and expensive fees are offset by more secure transactions, but the truth is that it is a problem to wait a long time for a bitcoin transaction to be confirmed.

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On 2/8/2020 at 12:57 PM, Casinoval said:

Some cryptocurrency blockchain network is so very slow to process transactions, it take a very low time for confirmations. How do you feel about waiting for a long time for a transactions to get confirm.

I do not like much to wait so long for a transaction but when we have little money we have to choose simple networks with very low costs of fees, but the important thing is not the deora but to save a lot of money in fees because the fastest ones are very expensive their fees so that is not for small capital.

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It took years in the world of cryptocurrencies, in the beginning I did not worry about the confirmation times, but I reached a point where it was too stressful and tedious to operate with Bitcoin, so I turned to other currencies, such as dash, Bitcoin cash, etc. Currently any option is better than waiting an hour.

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I feel very ugly when a transaction takes a long time. As like Litecoin, sending Litecoin to Coinbase is very timely. Now I like to avoid transacting with Litecoin. I like to transact with USD because it is very timeless.

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Hi friends hopefully you will be fine. There are different reasons for this slow process works. One of them is high traffic. On this platform day by day traffic increasing and borden on this forum. Moderator always try to overcome this situation and now this platform is doing some work extraordinary. In these days cryptotalk forum is best forum for every respect.

 

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The process is slow for the best reason,  since if it faster, then there might be lot of mistakes and we all know that mistake in blockchain cannot be reversed,  so it better to wait patiently despite it been frustrating to wait. 

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