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RE: Bitcoin transactions taking longer after segwit switchover
Bitcoin fees and transaction processing time is always headache to every bitcoin user, even after segwit this problem is not solved. Now more people are switching to bitcoin cash to overcome these problems.
There has been only one block above 1mb so far, and it was 32kb above. You have to give a few days for wallets and miners to safely upgrade.
I would be extremely cautious holding bcas I expect it to be doing up and downs in the 30% range daily.
I suggest you use a wallet that allow to bump the transaction fee via CPFP or RBF in case the network conditoin worsen and you really need the transaction to confirm in the next block.
I know Electrum and Mycelium allow for this (Not mycelium on IOS)
good post thanks
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Seems right now BCC is only an investment tool. I'll wait until it has some practical applications, or purchase power. I can spend BTC at hundreds of places & find 5 ATM's within a few miles of my house. I'm not discounting BCC, just not worth the instant market cap.
would you mind naming the places for usage? as an overseas searcher
8mb blocks = minimal fees
You are right my friend.thanks for post your comments.
It sounds like the overall result from the segwit update is not what we were planning to see. However Bitcoin Cash continues to show a decline in price as the price of Bitcoin continues to grow.
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And guess what we are still early in the mining business 🤑🤑 60 days to break even, well theoretically. but still I'm going full on! after that break even, it's free money anyway.
Isn´t Litecoin faster and cheaper to use (micro trading) than Bitcoin?
I feel its extremely underrated
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yes there is a Problem with transaction timing and fees, But anyway Bitcoin is still the best cryptocurrency to buy, and this problem will be solved soon.
It will be ok aftwr updating dont get to pain