Number of transactions at all-time high

Eamorr

sr. member

Activity: 280

Merit: 250

Quote from: shorena on January 13, 2015, 04:43:13 AM

IMHO the number of transactions has nothing to do with the price. In fact the higher the price, the higher the fees per transaction. At least in relation to the amount of value transmitted in comparison to USD. 1000$ per BTC and the fee is 0.0001 * 1000 = 10 cent. 200$ per BTC and the fee is 0.0001 * 200 = 2 cent.

Whoever said it did?

Most traders don't care about the absolute price. All they care about is volatility and the % movement in their trading window (for many the trading window is minutes or hours).

shorena

copper member

Activity: 1498

Merit: 1499

No I dont escrow anymore.

IMHO the number of transactions has nothing to do with the price. In fact the higher the price, the higher the fees per transaction. At least in relation to the amount of value transmitted in comparison to USD. 1000$ per BTC and the fee is 0.0001 * 1000 = 10 cent. 200$ per BTC and the fee is 0.0001 * 200 = 2 cent.

myohmy81

sr. member

Activity: 462

Merit: 251

move exchange?

Eamorr

sr. member

Activity: 280

Merit: 250

Was just looking at blockchain.info stats:

https://blockchain.info/charts/n-transactions?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

The number of daily transactions is actually higher now than the $1000+ peak over a year ago.

Why would that be?

Topic: Number of transactions at all-time high (Read 536 times)