The Bitcoin network is currently getting flooded with transactions and nobody knows when you will receive your latest Bitcoin transactions.
This is a crisis for people that depend on Bitcoin to pay their bills as Bitcoin is required on all platforms that I know to transform it into fiat.
Imagine you can not pay your rent for a month. That wouldn't be a problem just call your landlord and he will probably have no problem with it, however, that is still fucked up and you may have a fucking asshole as a landlord.
I used 40SBD two days ago to buy Bitcoin to turn it into EUROs with Wirex. Exactly when that Shitcoin stuff happens I did that transaction. That was a good lesson that I learned that day.
A nightmare for everyone that owns a lot of Bitcoin, they just lost a lot of cash (they are still rich tho, so whatever.)
However, If I was an investor I wouldn't buy Bitcoin anymore (except when you need it for fiat).
I would look into altcoins that look very promising and invest into those. With luck, you can make 100x out of it instead of a 2x with Bitcoin (if you have luck).
The Bitcoin Network is Congested
Just take a look at this link here: https://blockchain.info/unconfirmed-transactions.
Almost 300000 motherfucking unconfirmed transactions! Yesterday the number was 270000 so it almost increased by 30000!
I will have to wait a very long time till I see the Bitcoins in my wallet!
If you want to do a Bitcoin transaction I highly recommend that you wait till the network is faster again and make better use of your coins because you won't be able to do anything with the Bitcoin for probably a long time!
In other words, you made a loss if you made a Bitcoin transaction in the last days! I could have made better use of those 40SBD!
For example turn it into Steem power! So be smart & wait till the Bitcoin network is stable again and avoid losses.
Get More Upvotes & Followers: Steemfollower
My Previous Post: Road to 100000 Steem Power Day 76
My Website: Youtube Channel
