Yes. They are waiting to be picked up by a miner, based on the fee that the transaction has paid to be included in the blockchain. You can still make a quick (b

Yes. They are waiting to be picked up by a miner, based on the fee that the transaction has paid to be included in the blockchain. You can still make a quick (by BTC standards) transaction in these scenarios, it's just more expensive to do so. Right now, a regular simple transaction would have to pay USD 22 to be included in the next block (i.e. within 10 minutes). Here's the reference website for BTC blockchain backlog. It allows you to understand what a good fee is at a given time. https://bitcoinfees.earn.com/ https://bitcoinfees.earn.com/