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For over some weeks this message has been on blockchain
"ALERT: INCREASED NETWORK TRAFFIC
The Bitcoin and Ethereum networks are currently experiencing record high traffic, resulting in higher miners fees and longer confirmation times for transactions.
Blockchain does not collect transaction fees. Transaction fees are paid to bitcoin miners and are determined by demand in the market for transaction confirmation. We do our best to try and provide you with the lowest possible fee that aims to achieve transaction confirmation in an acceptable timeframe. If you do not wish to pay the fee currently recommended, we recommend you check back later as fees will become lower once network activity has subsided"
Personally i have some problem with this notification.
It borders me because
1 it requires me to pay a cubersome transaction fee
2 it takes days to complete a transaction
The one that gives me night mare is
What is the future of bitcoin?
I am afraid and scared because am confused about the future BITCOIN
Is this a sign of dump and pump?
Is bitcoin going to crypto zenit?
By the way users are already reacting and they are of the view that
"The increased traffic, number of unconfirmed transactions and the rising price all indicate to me that another pump and dump cycle is on its way. Regardless of the pump and dump, the unconfirmed transactions and slow transaction speeds are annoying me as well"
"Crazy stuff, this is mainly people getting into bitcoin because of the current exposure it's getting from the media around the world, also FOMO is getting bigger as we approach the 20k mark.
I expected high fees and the network getting clogged up due to high traffic, but I didn't expect a warning from blockchain.info, things must be getting out of control. And I believe this is only the beginning."
"It's true that a huge transaction fees and delays are frustrating in anyways but we can't do anything about it but to wait for the network traffic to subside, and I don't really see it as an indication of a price dump instead a good sign of an economic growth in this 2 cryptocurrency, many people now are starting to invest with Bitcoin and Etherum the top 2 cryptocurrency as of this moment, and it's Christmas season now, we all know that the flow of money at this time of the year is massive.
I am also thinking that there are politics or some sort of manipulation happening inside of some cryptocurrency, group of businessman that directs to spam the network for the fees to get higher so that they can make a huge profit out of it, who knows. At the end of the day we'll still use Bitcoin and Ethereum so by any chance converting your BTC and ETH to other Altcoins that offers a very small amount of fees in withdrawing is the best move nowadays"
"Both bitcoin and ethereum need some solutions to increase the amount of transactions that can be processed. It's a travesty that one of the main purposes of crypto in being able to send transactions fast and cheaply is currently not possible"
For me if transaction is no longer cheap and fast how will it solve the world financial problem?
I cant imagine sending 100 dollars with 40 dollar. That is outrageous
The same politics in our fiat currency is coming to play
What do you think?