Topic: [2018-03-04]Experts have Discovered a Recession in the Number of Bitcoin Transa (Read 125 times)
March 05, 2018, 09:35:53 PM
Stating the very obvious is what this article is doing. What kind of discovery is this? The article is a bit misleading in that the headline is trying to imply that something like this is a previously unknown trend and there is cause for alarm because of their discovery. What kind of experts are they? I really hate it when a writer tries to put a spin on a non-newsworthy phenomena just for the sake of getting views. The writer should try to dig a little bit harder to find some better news to share. Something in the line of the experts discovering that 90% of bitcoin investors incurred huge losses from their bitcoin market investments during the 4th quarter of last year. Now, that's what I'd call a big and newsworthy discovery.
March 04, 2018, 10:08:33 PM
The fact that the number of transactions has decreased much, we ourselves can see it. When bitcoin was growing in value, people actively bought it, the market was active. Now everything is still in a stagnation, someone already in a panic has long sold their bitcoins, who wanted to, then bought them at a cheap price and now all in anticipation of the revival of the market and the next growth of bitcoin. This is facilitated by a new version of bitcoin, which should eliminate its shortcomings. All in anticipation, so the number of transactions fell by half.
March 04, 2018, 12:53:41 PM
I don't see anything surprising about it. After the transaction price increased, people began to withdraw bitcoin in large amounts. Then it is changed to Fiat and all purchases are paid from Bank cards. I do not believe that the miners have benefited from this. They're stupid. It was a good idea to increase the block size. Users got fast and cheap transactions and miners would increase the revenue from a large number of transactions. The same decision would make bitcoin suitable for use in stores. But greed turns people's brains off.
March 04, 2018, 12:49:22 PM
Experts? What a joke. Last year in December we have not only experienced a top level usage peak, but also the most intense spam attack till this date. On top of that, those behind this spam attack also did everything they could to slow down the block times with almost 50%, which heavily contributed towards more network congestion, and thus more seemingly network usage. It's too easy to slow down Bitcoin's block times for the larger farms (likely Jihan camp) by making the difficulty jump up and down significantly. It just shows that these "experts" are cherry picking, and ignore that what is more important. Poor research, poor article....
March 04, 2018, 11:52:28 AM
Year end is the time when people get bonuses and is usually the end of financial year too. Exchanges witnessed high inflow of new users during Thanksgiving and black Friday. Moreover, after a two months bear period, a bull market was expected which gave the required boost and people FOMOed. This all added up and price climbed like anything with huge increase in transactions which resulted in huge fees.
Now, in the new year where first quarter is usually a bear for all the markets, a decline in investments, transactions and trading was inevitable. Second quarter is likely to go bullish and we will most probably see the increase in tx and price.
Now, in the new year where first quarter is usually a bear for all the markets, a decline in investments, transactions and trading was inevitable. Second quarter is likely to go bullish and we will most probably see the increase in tx and price.
March 04, 2018, 11:12:31 AM
There's usually some percentage of correlation between the price drop (from 20K to around 10K) to the number of transactions that users would perform. The general perception of a Bitcoin trader is to buy and hold and sell when the price is high. When the price is low, and those that still own it are hesitant to spend. This is what we're noticing at the moment. There are less spenders cause of the dip in price. This will slowly start to go up as there's more positive news and the price spikes up. Also, don't forget the spam transactions that were flooding the network that suddenly stopped.
March 04, 2018, 10:37:35 AM
Why would we need some expert to make such "discovery" when it is a public and general known thing?Last December and new ATH were something special and in that light it is easy to see why we have 400 000 transaction on average in week.Activity was above of all expectations,media is bombed us with positive news daily,exchanges are going down one by one and fees are skyrocket.
Now we have the opposite situation and already traditional bad time of the year for cryptocurrency.When the price comes close to 15 000$ we can expect again crypto mania-but I bet all those who are burn last time will be much more cautious with investments.
Now we have the opposite situation and already traditional bad time of the year for cryptocurrency.When the price comes close to 15 000$ we can expect again crypto mania-but I bet all those who are burn last time will be much more cautious with investments.
March 04, 2018, 10:03:25 AM
Experts have Discovered a Recession in the Number of Bitcoin Transactions
If the information given by the research firm Blockchain.info is anything to go by, the number of transactions has declined from a seven-day average of 400,000 in mid-December to about 200,000 this week. Such rates took place at the time when bitcoin trading was being carried out below $500. The situation is even more terrible with transactions waiting for verification in the Bitcoin network. This index reduced from a seven-day average of 130 million bytes in early January to 35 million.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/experts-discovered-recession-in-bitcoin-transactions/
If the information given by the research firm Blockchain.info is anything to go by, the number of transactions has declined from a seven-day average of 400,000 in mid-December to about 200,000 this week. Such rates took place at the time when bitcoin trading was being carried out below $500. The situation is even more terrible with transactions waiting for verification in the Bitcoin network. This index reduced from a seven-day average of 130 million bytes in early January to 35 million.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/experts-discovered-recession-in-bitcoin-transactions/
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