@looper, there is a real issue with Bitcoin on confirmations. The blockchain is being overwhelmed and needs to be overhauled to allow more transactions to go through, There are two warring factions, with some folks aligned with miners who want a system that benefits miners, and other folks wanting a system more beneficial to Bitcoin transactions. In the meanwhile, the miners are successfully jacking up transaction fees, even while the value of Bitcoin goes up. And delayed transactions are becoming ever more the thing. If you haven’t already, see if Gyft can cancel the transaction.
Next, you also have to consider the numbers. BTC has shown a spike in recent years. In fact, in mid-2016, Bitcoin was trading for only $450. By the time that we entered 2017, BTC has surged towards $1,400 by May. This goes to show that, it will certainly remain bullish in the next years to come.
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Bitcoin is easy to acquire. This is one of the reasons why the value of Bitcoin keeps on getting up. There are a lot of companies today that are also accepting BTC payments which are a good way to even legitimize the cryptocurrency. On the other hand, Ethereum is relatively new, unlike Bitcoin that has been developed after the financial crisis in 2008.
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You can use a different address, but the claims are not transferred over to the new one. If you are still using the same wallet, then it’s important to know that many Bitcoin wallets change the address when you receive Bitcoins, but that does not mean you won’t receive Bitcoins to the old address anymore, as it still reaches your wallet. It does that to protect your wallet anonymity. Please see here for more information: Why is my Bitcoin address changing?
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Thank you for this article . I have been into cryptos for about a year and a half now and made a small amount … I feel very alone sometimes as my friends and suroundings don’t always understand how I can spend time on btc …. I must say I am a 43 year old mom and for me the whole technology is the future for my child . I live in France and would like for more of us to join the project and make a difference for the future . Our whole economic system depends on debit and… Read more »
There are a lot of reasons why you can take advantage of bitcoins and other cryptocurrencies as well. For starters, bitcoins are only limited. One of the things that make some items expensive over the years is the fact that its supply is scarce. You can expect that bitcoins are going to be harder to mine over the next years to come. And for this reason, you have a cryptocurrency predicted by many to become more valuable in the near future.
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